Spot rates for shipping 40-foot containers from China to the North American east coast jumped 23% this past week, pushing the cost over $9,000 for the first time since the index was created. The big takeaway here is that capacity is probably tapped out into the west. The Freightos Baltic Exchange Daily Index (FBXD) measures […]
Following the approval of the Bitcoin Law in El Salvador by the members of the Legislative Assembly, which creates a legal framework that recognizes this digital currency as legal tender in the country, the IMF warns that financial and legal risks have arisen. With the approval of the Law, the State will guarantee, through the creation of a […]
Panamanian Congressman, Gabriel Silva, had comments on El Salvador’s move to adopt Bitcoin as a currency today on Twitter and called for Panama to do the same. Silva said that Panama cannot be left behind and that the country must support cryptocurrency to be a hub of technology and entrepreneurship. “This is important. And Panama cannot be […]
The Municipality of Panama tenders the improvement works of 12 residential complexes located in the Corregimiento de Calidonia. Panama Government Purchase 2021-5-76-0-08-LV-013845: “The work includes the supply of materials, tools, equipment, accessories, labor and all that is required to carry out the painting of facades and common areas and repair of roofs and balconies of 12 residential complexes […]
The world’s largest ship registry continues to grow despite the COVID-19 pandemic. During the first four months of this year, 104 newly built vessels were registered to the Panama Ship Registry, representing 3.2 million GT. At end of April 2021, the Panama Ship Registry fleet aggregated 8,652 ships with 236.5M GT, according to IHS Markit, […]
Recently the National Directorate of Medical Devices of the Ministry of Health of the Republic of Panama, adopted Resolution No. 007 of May 10, 2021, through which guidelines are adopted for the storage and distribution of medical devices and related products regulated by Law 90 of December 26, 2017. One of the most relevant introductions […]
This is a nice story about our local dog rescue and foster home here in Boquete that Jackie Lange put in video. This couple started with nothing and have built a great organization. Yes hard work pays off!! Javier and Magaly have always helped dogs (and cats) in need. They are both from Peru. They […]
The Industrial and Commercial Bank of China (ICBC), one of the largest commercial banks in the world, expanded its presence in Latin America by launching operations in Panama on Friday. The new branch of the Chinese bank is the first of its kind in Panama, a country that established diplomatic relations with China in 2017, […]
Home to turtles, sharks and whales, the newly expanded Cordillera de Coiba zone has nine mountain ranges under the ocean’s surface, with some seamounts more than 3,000 meters tall. Panama has taken a giant leap forward in protecting its waters. The Central American country is rich in biodiversity but it is also one of the […]
Migrants crossing from northwest Colombia into Panama through the Darién forest are being robbed, assaulted, raped, even killed. MSF teams are providing medical and mental health care to people in Panama who have made it through forest. MSF calls on Panama and Colombia to establish safe migration routes between the two countries to ensure people’s […]