President Trump issued an executive order on Monday imposing a new round of economic sanctions on the Venezuelan government. The action sends a clear message to Venezuela’s top military brass — the regime’s chief pillar of support. The United States will not be satisfied until President Nicolás Maduro is ousted, and Venezuela is on a […]
Question Concerning Panama’s ban on polyethylene shopping bags that recently became effective, is the legislation enforced at the store or customs level? Also, what type of bags are included in the ban? Answer Panama Decree Law 1, which was published in the Official Gazette on January 19, 2018, bans the use of polyethylene bags by […]
At a time when the country is grappling with the challenges of maintaining water supplies for the operation of the Canal and supplying a growing population, while faced with extended droughts, over, 1000 delegates will attend the 2019 World Hydraulics Congress in Panama from September 1 to 6 with water security and resilience as the […]
Recent progress on two trend-setting projects in Panama City signals the start of a new era in Panama city’s property market. On Ocean Reef, the man-made islands in Panama Bay, construction is underway on Beach Club Residences, the first condominium resort development on the second island. Not far away, work is progressing at a rapid […]
Host nation government officials, partner nation representatives and senior leadership from the hospital ship USNS Comfort (T-AH 20) attended an opening ceremony to mark the beginning of the ship’s medical mission in Colon, Panama Aug. 7. The purpose of the mission is for U.S. service members and medical professionals will work alongside partner and host […]
Panama’s Copa Airlines (CPA.N) on Wednesday reported a quarterly profit of $50.9 million, roughly the same as a year ago, in spite of the prolonged grounding of its most cost-efficient planes, the Boeing 737 MAX, following two deadly accidents. Copa was expecting to receive seven MAX planes since the grounding began, bringing its MAX fleet […]
Panama’s Canal Authority said on Wednesday that the canal was operating normally and without delays, adding that no ships had been detained in the trade waterway. The entity posted the statement on Twitter in response to a tweet from Venezuela’s Vice President Delcy Rodriguez, who said a ship carrying 25,000 tonnes of soy had been […]
Former President Ricardo Martinelli of Panama has been found not guilty of political espionage after he was accused of spying on 150 people, including politicians, union leaders and journalists during his administration, and a court ordered his release. The verdict read on Friday by a tribunal judge said that prosecutors had “failed to prove” their […]
Finca Alto Quiel This building site is located in Alto Quiel about 15 minutes from town and the entrance is directly across from Hotel Finca Lerida. The topography is mostly flat falling off at the end providing for spectacular views across a large valley to the mountains. There is a stream on the property and […]
Republic of Panama executed its offering of $1.25 billion aggregate principal amount of 3.160% Global Bonds due 2030 and $750 million aggregate principal amount of 3.870% Global Bonds due 2060. The combined offering of US$2 billion aggregate principal amount of Global Bonds represents the largest single-day public offering of sovereign debt in Panama’s history. Citigroup […]