Chile’s Epic Route of Parks is now open


News from Panama

Thanks and a hat tip to my friend Geoffrey McRae at Gateway to South America for the heads up on this new adventure trail!  This is one of may favorite places on Earth and definitely God’s Country. Outdoor enthusiasts can now explore a massive trail that spans a third of Chile and encompasses over a […]

October 17, 2018

GAC-owned office now open in Panama


News from Panama

As part of GAC Group’s growth strategy across the Americas region, a GAC-owned office is now operational in Panama, providing a wide range of shipping services to vessels calling at Panamanian ports or transiting the Panama Canal. The Panama Canal links the Atlantic and Pacific Oceans, saving time and money. In 2016, a new set […]

October 16, 2018

Panama Security Officials Implicated in International Arms Trafficking Network


News from Panama

Authorities in Panama are asking the United States for assistance in investigating an international arms trafficking network that may have included the participation of former security officials, raising questions about the country’s role in the regional arms trafficking trade. Prosecutors in Panama have asked for two US judicial assistants to participate in an international arms […]

October 16, 2018

State Payroll Spending is Increasing


News from Panama

The Panamanian government has spent $2.580 million in salaries for civil servants from January to August this year, 10% more than had been reported in the first eight months of 2017. According to figures from the Office of the General Comptroller between January and August 2017 and the same period this year, the expenditure on […]

October 16, 2018

Mortgages Become More Expensive


News from Panama

Because of the hike in interest rates in the United States, several banks in Panama are already increasing mortgage rates by between 0.25% and 0.50%. According to representatives of the Banking Association of Panama (ABP), the increase in mortgage loans is mainly due to the upward adjustment that interest rates are experiencing worldwide, which will […]

October 16, 2018

Business meeting Panama – Peru


News from Panama

A business meeting between 22 companies from the Zona Libre de Colon, Panama, and Peruvian businessmen from different sectors will be held in Lima, Peru, on October 24. The Zona Libre de Colon reported that 22 user companies will meet with Peruvian businessmen in search of new buyers, distributors and partners. The activity will be […]

October 16, 2018

Central America: Intra-regional trade increased 3%


News from Panama

Trade in goods and services between the countries of the region amounted to $4.792 billion during the second quarter of the year, 3% more than in the same period of 2017. Central America’s total exports reached USD 16,299.7 million in the second quarter of 2018 and increased by 1.7% over the same period last year. […]

October 16, 2018

Turtles in Isla Canas


News from Panama

My friend Jim Wiese posted this video.  The Turtles come to shore each year at Isla Canas on the southern Azuero peninsula to lay their eggs and the beach is protected 24/7 until the process is over.   Thank you ANAM! Click on the picture above to view the video.

October 16, 2018