For the first time ever, Panama has been classified as a high-income nation—a country with a gross national income per capita of $12,055 or more—by the World Bank. The bank, which determines new thresholds for each category every July, also showed that Argentina gained the classification for only the second time since it began grouping […]
A group of Panamanian monkeys may have entered their own stone age, scientists said. A population of white-face capuchin monkeys living on the Panamanian island of Jicarón have been observed using stones to smash open nuts and shellfish, New Scientist reported Monday. Scientists first made the discovery in 2004, but returned to the island in […]
In just 12 months, the newly established diplomatic ties between China and Panama have seen progress “in all spheres,” Chinese Ambassador to Panama Wei Qiang has said. Wei made the remarks during an interview with Xinhua upon the first anniversary of the establishment of diplomatic ties between the two countries. Over the past year, China […]
Ships moving natural-gas and petroleum-product exports from the U.S. are the fastest-growing business for the Panama Canal, with annual revenue from tolls growing more than 20 times over the past two years. Liquefied-natural-gas shipments from U.S. energy producers in Texas took off in 2016, when the waterway expanded its locks, which allowed ships three times […]
Panamanian President Juan Carlos Varela on Thursday invited Russian President Vladimir Putin to pay a return visit to his country to see the expanded Panama Canal. “I hope that you, Mr President, will be able to pay a visit to our country to see firsthand the Panama Canal and the country and get acquainted with […]
Good morning Bariloche!! Our last day spent in Patagonia was magical!! We got up to fresh snow in the mountains and lights winking in the homes around the lake. Pictures cannot due this place justice. After 12 days exploring Chile, Argentina and Uruguay we landed in Bariloche, Patagonia. I now call this place Fairyland!! Let’s go […]
3,175 sf Villa for only $289,000!! This 4 bedroom 2 bath duplex villa is situated next to the golf course and stream that runs through Valle Escondido. Consisting of over 3,176 square feet of area, this villa is perhaps the best value in Valle Escondido today. Click on the above picture for an aerial […]
My friend and CEO Pedro Heilbron continues to grow the fleet and routes makig COPA one of the world’s best run airlines!! When Susie and I returned to Toumen from our trip to South America on Wednesday, the gates at expanded terminal were packed with passengers, a good sign of COPA’s continued success. Starting next […]
The Cabinet Council has approved a loan contract for investments in infrastructure and fiscal control equipment at the country’s border posts. According to a decree published on June 5 in the Official Gazette, “ … the signing of the Loan Agreement … between the Republic of Panama and the Inter-American Development Bank (IDB) has been authorized, up […]
The Panamanian issue of $500 million in “Panda” debt securities could be made in the course of the second half of the year, in the Chinese capital market. With this issue, the Panamanian government plans to take advantage of the most favorable financing conditions offered by the Chinese securities market, compared to the local market […]