Maersk Line unveiled plans Thursday to deploy 11 vessels of 8,500 TEU on a rerouted service that will make use of the newly expanded Panama Canal. Maersk Line is one of the Panama Canal’s biggest customers, and with the opening of the Canal’s expansion last month the company said it was ‘likely’ to add capacity and reroute larger […]
Vanesa Vallejo reports in Pan Am Post about how high tax rates are driving companies out of Colombia. Direct foreign direct investment in Colombia has fallen 37 percent as of February. Panama will be the recipient of some of this pullback. Between 2015 and 2016, seven multinational companies have left. PayPal, Ripley and Mondelez are just […]
The Venezuelan government has announced that it will be negotiating with Panamanian companies interested in selling food and commodities that can come into the country duty free. Hopefully, they will pay the bill! The government of Venezuela has announced that it has $100 million available to buy more than one thousand tons of food products, “… including […]
With funding from the Development Bank of Latin America a wastewater treatment system will be built in the communities of Burunga and Arraijan Cabecera. From a statement issued by the Ministry of Economy and Finance: The Board of the Development Bank of Latin America (CAF) has approved a loan to the Republic of Panama for […]
In the first five months of the year wind generated electricity exceeded 600 million Kwh, almost three times more than in the same period in 2015. The national supply of electricity generated by wind power grew by 259% in the period January-May 2016 compared to the same period in 2015, according to figures from the […]
The US company Duty Free America, Motta International, the Swiss Dufry Group and the German Heinemann Duty Free plan to participate n the tender being prepared by Tocumen for August this year. Due to the inclusion on the Clinton List of Waked International, the current concessionaire of the duty free shop in Tocumen, the airport […]
We are privileged to be at the juncture of another explosive growth spurt for business and foreign direct investment. Now we need to focus on on improving our position as the logistics center for the world. Logistics Services represents over 25% of Panama´s GDP and in order to take advantage of the connectivity offered by […]
With all these Tats, it should be easy to pick these guys out in a crowd, kind of like a target. The head of the investigation by the Honduran National Anti-extortion Force, Fausto Daniel Rodriguez, ruled out the presence in Panama today of Maras and Salvatruchas gangs, based in Guatemala and El Salvador. As a […]
Spanish soprano Laura Alonso won ecstatic applause at an iconic church in Panama City where she sang in the Giacomo Puccini opera “Suor Angelica,” which she dedicated to the victims of the “terrible attack” in Nice. The Church of Our Lady of Mount Carmel in the capital’s financial center was the scene of the Puccini […]
For breaching the Securities Market Law an order has been given to indefinitely suspend the operations of the brokerage firm FDG Wealth Management. From the resolution given by the Superintendency of Securities in Panama: First: Order the indefinite suspension of the stock broker license which was granted by Resolution SMV No 34-2014 of 24 January […]