Warmer temperatures this winter in Asia and higher gas demand in Europe are cutting demand for transit of vessels carrying liquefied natural gas (LNG) through the Panama Canal, the waterway’s authority told Reuters on Wednesday. The Canal overall is facing higher seasonal demand for vessel passage with an average of 39 ships per day, and […]
The Ambassador of Panama in the Dominican Republic, Pablo Javier Pérez Campos, revealed that as a result of the agreements reached at the Summit Alliance for Development in Democracy held December in Puerto Plata, between the presidents of Panama, Costa Rica, and the DR, the would develop a tourist circuit between nations to provide visitors with a special and innovative experience, thus […]
As an attorney for the law firm at the heart of the Panama Papers was cleared in one case, the justice department announced a money laundering trial against 32 other defendants. Thirty-two people will be prosecuted for their alleged involvement in money laundering in Panama following revelations made in the explosive Panama Papers investigation. […]
The Latin American country has experienced one of the world’s most impressive—and surprising—trajectories of the past three decades. Panama gets a lot of bad press. Last October, its name was in the news again over the Pandora Papers. Nearly half of the hundreds of politicians and public officials (including three former Panamanian presidents) mentioned in […]
Minera Panama, which is majority owned by First Quantum Minerals (FM.TO), has agreed to pay $375 million a year to state coffers from the Cobre Panama mine, which it says is one of world’s largest copper producers. “We accept the proposal of the national Government, while requesting that the necessary protections be provided in order […]
An incident with a slingshot led scientists to a greater understanding of the relationship between the insects and their host trees. WHILE MANY PEOPLE IN PANAMA were at home, passing time during the pandemic, five kids were out shooting a clay ball at trees with a slingshot. They wanted to give themselves a challenge, so they […]
Panama’s new law on near shoring was signed in December by President Laurentino Cortizo. The law, which still needs rules and regulations, regulates coastal and near shoring activity in Panamanian waters and other areas of the coastal environment. Companies undertaking near shoring need to have an ownership structure where Panamanian nationals own at least 75% […]
Here is a slide show. Thanks and shout out to Chef Chris, Meza Azul and Anayansi for their help making this happen. The event raised over $2,000 for charity.
The Government of Panama approved in a dialogue table with representatives of the passenger transport sector a temporary fuel subsidy and thus review certain incentives to lower the cost of tires and motor oil, among others, avoiding a strike announced for this Monday. “The strike has already been suspended because we have reached these agreements […]
The Panama Canal Authority said a record amount of tonnage passed through the waterway during fiscal year (FY) 2021, a milestone driven in large part by liquefied natural gas (LNG) cargoes, which saw the largest increase. “LNG is not only growing the fastest, but it has had its best year in terms of tonnage through […]