Panama’s President to Make Official Visit to Cuba


News from Panama

Panama”s President Juan Carlos Varela will make an official visit to Cuba on Oct 29-31, the Cuban Foreign Ministry announced on Friday.   According to the programme, Varela will pay tribute to National Hero Jose Marti in the memorial bearing his name in Havana and will hold official talks with Cuban authorities. The President will […]

October 30, 2018

Cuba, Panama Sign Environmental Cooperation Agreement


News from Panama

The Cuban Minister of Science, Technology and the Environment, Elba Rosa Perez, and her Panamanian counterpart, Emilio Sempris, have signed on Friday a technical and academic cooperation agreement in environmental matters.   The agreement, with a duration of five years and extendable for the same period, will allow the sustainable use of natural resources, the […]

October 30, 2018

Latin America: Multinational Revenues Up 11%


News from Panama

Latinvex staff covered this in a recent article that they published. Multinationals in Latin America improved their performance last year, posting an 11 percent increase in revenues, according to according to the latest Latinvex 500. That stands in contrast to 2016, when they suffered an 8 percent decline.

October 30, 2018

These Handwoven Panama Hats Can Run You $25,000


News from Panama

These hats can run serious bucks and after watch the detail that goes into making them you will see why. Simón Abel Espinal wakes up thinking about his work—and with good reason. For nearly 40 years, he’s handwoven toquilla straw hats of the highest quality. Widely known as “Panama hats,” these brimmed beauties actually come […]

October 30, 2018

Panama backs Kra Canal as right move for Thai growth


News from Panama

BUILDING a channel linking two major seas would boost Thailand’s role in global connectivity, said Panama’s Vice President Isabel de Saint Malo de Alvarado, whose country has played a similar role for over a century since it opened the Panama Isthmus in 1914. “I think it is very powerful in every way for connectivity in […]

October 23, 2018

WeatherSTEM launches first international station at FSU-Panama


News from Panama

Florida State University-Panama is now home to the first international installation of WeatherSTEM, a weather tracker that sends out hyperlocal alerts and tracks data at a specific location.   The WeatherSTEM station was installed earlier this month at the Panama campus with the help of WeatherSTEM CEO Ed Mansouri and FSU Vice President for Research Gary K. Ostrander. FSU-Panama is an international branch campus […]

October 23, 2018

Request to Exclude Maritime Sector from FTA with China


News from Panama

Arguing that local investments could be at risk, the Maritime Chamber requested the exclusion of the maritime sector from the trade agreement that Panama negotiates with the Asiatic giant. In a note addressed to the Chief Negotiator of Panama, the trade guild of the sector requested not to include the maritime sector, and especially the […]

October 23, 2018

New Deadline for $900 Million Project


News from Panama

The deadline for the Panama NG Power to submit a clarification of financial information for the construction of the 670 MW natural gas plant was extended to December 26th. After a judicial ruling was issued in December 2017 allowing Panama NG Power 150 days to prove that it has the economic capacity to develop the […]

October 23, 2018

Low Investment Expectations


News from Panama

In Panama, 77% of companies do not plan to make new investments during the fourth quarter of the year, and 38% do not intend to hire more employees. According to a survey conducted by the Center for Economic Studies of the Chamber of Commerce of Panama, 10% of the companies surveyed expect to increase staffing, […]

October 23, 2018