The ASEP has reactivated the license granted to Panama NG Power to build and operate a 670 MW generating plant based on natural gas in Cristobal, province of Colon. The license initially granted in 2011, was canceled during the current administration of the Public Services Authority (ASEP) because of delays in delivering information on Panama NG Power’s project […]
A rise of up to 25% in the value of the cargo, and possible total loss is the result of the slowness with which goods are transported through the region. “Four times slower than the world average” is the speed at which the terrestrial cargo moves through Central American countries according to Jaime Granados, from the […]
5MW of capacity is the new total of the joint generation of the 86 solar projects that are registered with the National Secretariat of Energy. Tax incentives included in Law 37 of 2013 and Law 38, as amended this year, are encouraging the development of renewable energy projects such as solar or wind plants in […]
The situation in Venezuela has been deteriorating almost as fast as the country’s talent has risen in Major League Baseball. And the league has noticed the country’s collapse, both in economic and social order, and decided to shift its annual showcase of Venezuelan baseball talent to Panama. “We didn’t feel that we could provide adequate […]
This is a great article that appeared in The Fish Site about an investment opportunity here in Panama that my friend Bill McGraw has made available to select investors. The time is right for Panama to engage new technology and be at the forefront of the aquaculture industry. There are many reasons to consider aquaculture […]
A Congress of the Guna indigenous people will reconsider whether to allow the execution of the works needed to complete the grid to connect the isthmus with South America. The Ministry of Government asked the Guna General Congress for authorization to conduct field studies in areas in the indigenous region that cross one of the […]
During the CAPAC Expohabitat fair about 1500 homes were sold and $200 million traded in mortgage transactions, which is 20% more than projected. The Panamanian Chamber of Construction projected generating $175 million, but $220 million was eventually traded, 20% more than planned and 12% more than the results of the fair in 2015, when $194 million worth […]
Approval of the law on fiscal transparency will establish a mechanism to be followed in order for tax information to be exchanged with the United States. From a statement issued by the National Assembly of Panama: Draft Law No.363, in which an agreement between Panama and the United States is approved for improving international tax […]
Indications have been given that the tender will be held in October and will include the 77 duty free premises in Terminal 1 which are currently operated by Grupo Wisa and Attenza, of the Motta Group. Among the duty free premises that Tocumen is planning to tender in October, are those which were concessioned to […]
Along with Panama’s growing economy, the Panama Canal will continue functioning at the same rate, which represents six percent of all world trade. A new, extended route could help strengthen the country’s economy in the future, according to President of The College of Economists Olmedo Estrada. He did an interview with international agency EFE this week, in […]