Panama: Moral Punishment for Money Laundering


News from Panama

A proposal has been made in Panama to make public all sanctions to be imposed on entities that violate the law on prevention of money laundering. The proposal put forward by the National Committee Against Money Laundering, and Financing of Terrorism and the Proliferation of Weapons of Mass Destruction (CNBC), created in 2015 within the […]

October 18, 2016

Never Clinton, Never Trump: A Principled Position


News from Panama

Alejandro Chafuen offers this op-ed in the PanAm Post on the candidates and the upcoming election.  I have but one comment, thank God the circus is almost over and I look forward to seeing the flood of people moving to Boquete next year. “Never” is a dangerous word, like “secure.” When Bill Clinton was running […]

October 18, 2016

Community – Volunteers


News from Panama

Each year Amigos de Animales hosts a huge sale of donated items and the volunteers that help with the event come out in force and work hard to insure that the event generates the most sales possible.  This year they brought in over $17,000, funds needed to insure that this organization meets budget this year. […]

October 18, 2016

Fuel Prices up to October 10, 2017


News from Panama

I am glad that I have a diesel truck where the price is still around $2.15 per gallon.  Price of gallon of regular gasoline: Panama $3.02, Guatemala $2.73, El Salvador $2.75, Honduras $3.19, Nicaragua $3.35, and Costa Rica, $3.75. From a statement issued by the Ministry of Economy of El Salvador: Reference prices have been […]

October 12, 2016

Businesses Geared towards Senior Citizens are Growing


News from Panama

Gymnasiums and specialized nursing home services and supplies are some of the niche markets that private companies have started to explore in Costa Rica. The market segment composed of older adults is becoming increasingly important for businesses, as longevity increases and there is a growing demand for services and specialized care. The market potential is reflected […]

October 12, 2016

Panama: $150 million Wind Farm


News from Panama

Plans are in place to develop a wind farm with 36 wind turbines called La Vikinga, in Santa Fe, Veraguas. The company Eólica Energy S.A. plans to develop the project in an area measuring 2,200 hectares, 1,327 hectares of which are in the protected area of the Santa Fe National Park. According to the Environmental […]

October 12, 2016

Five bids to Build Water Treatment Plant


News from Panama

Between $236 million and $243 million is the range of proposals submitted by five consortia in the tender to design, build and operate a water treatment plant in Gamboa, Panama. Five consortiums have submitted bids in the tender for the Study, Design and Construction of a Water Treatment Plant in Gamboa. – Consortium Acciona Gamboa, made up […]

October 11, 2016