Cuban entrepreneurs excited about visa-free access to Panama


News from Panama

This new card has created a lot of excitement on the island, especially for struggling entrepreneurs. News that Panama is creating a card allowing Cubans to enter the Central American country without a visa has been greeted with enthusiasm on the island, especially among entrepreneurs struggling with the absence of wholesale markets and suppliers in this officially socialist […]

November 13, 2018

Toros’ Small Called Up by Panama National Team


News from Panama

Rio Grande Valley FC forward Carlos Small has been named to the Panamanian national team for its upcoming international exhibitions with Honduras on November 16 in Tegucigalpa, Honduras and Ecuador on November 20 to be held at the Estadio Rommel Fernandez in Panama City. Small was part of the Panamanian U-20 squad in 2015 where he appeared in nine matches […]

November 13, 2018

Companies Confirmed to Tender Children’s Hospital


News from Panama

In the latest analysis to select the companies eligible to build the New Children’s Hospital in Panama, the New Children’s Hospital and FCC America Children’s Hospital Consortia were pre-qualified. After the report of the Verification Commission, which in September evaluated the companies interested in the work, was partially annualized, a new analysis was ordered. The […]

November 13, 2018

Tocumen Issues Debt for $650 Million


News from Panama

Panama’s international airport issued in the international market debt securities expiring in 2048, with a coupon rate of 6% and a yield of 6.25%. From the statement of Tocumen S.A.: Panama November 8th, 2018. On Wednesday, November 7th, 2018, Tocumen International Airport successfully issued six hundred and fifty million dollars (US$650,000,000.00) in corporate bonds on […]

November 13, 2018

Tiny thorn snail discovered in Panama’s backyard


News from Panama

Discoveries of biodiversity at the Lilliputian scale are more tedious than it is for larger animals like elephants, for example. Furthermore, an analysis producing a DNA barcode — a taxonomic method using a short snippet of an organism’s DNA — is not enough to adequately identify it to the species level. In the case of […]

November 13, 2018

Panama to Open Trade Office in China


News from Panama

The Panamanian government announced that it will open an agribusiness office in the city of Shanghai, which will seek to increase exports to the Asian continent. inShare An announcement will be made of the new office opening (which would be planned for the first months of 2019) during the China International Import Expo (Ciie), one […]

November 13, 2018

Panama remains a strong ally of Jamaica says Charles Jr


News from Panama

Panama continues to be an important partner in Jamaica’s effort to further improve air traffic control and advance the country’s maritime and port development, state minister for foreign affairs Pearnel Charles Jr has said. Earlier this year, the relationship between Jamaica and Panama soared to new heights, with the historic staging of the first meeting […]

November 13, 2018

Supermarket Chain Sold in Panama


News from Panama

In Panama, the owners of Grupo Rey agreed to sell 60% of the shares to Ecuador’s Corporacion Favorita, a transaction that could cost $273 million. The Share Acquisition Public Offer (OPA) launched by Corporacion Favorita was established at $8.58 per share, in which the Ecuadorian group committed to purchase 60% of the issued shares, for […]

November 13, 2018

Agricultural business in Central America


News from Panama

Coffee is still the main agricultural product sold abroad, with annual exports of around $3,035 million, followed by bananas, with $2,574 million and sugar, with $1,241 million. During the last year, the main coffee export destinations were the U.S., Germany, Belgium, Japan and Canada, which together account for 73% of total sales in the region. […]

November 13, 2018