In the first eight months of the year, the value of construction permits, additions and repairs totaled $1,502 million, 28% more than in the same period in 2016. The most recent as figures from the Comptroller General’s Office detail that the value of new construction, additions and repairs reported between January and August exceeded $1.5 billion, […]
The US company SMG has been chosen to manage the Panamanian convention center, which is under construction and will be ready to operate next year. Minister Him detailed that the selection of the managing company was made at the request of the Chamber of Commerce, Chamber of Tourism and the National Tourism Council. SMG will be […]
Panama hosted Monday of the IMO World Maritime Day Parallel Event which was attended by Panama’s President Juan Carlos Varela and the IMO secretary-general Kitack Lim. They were accompanied by delegates of the 172 Member States, representatives from various sectors of the international maritime industry, Ministers and Maritime Authorities of Asia, Africa, Europe and […]
Costas Paris writes for the Wall Street Journal about the huge success of Panama’s newly expanded canal. I first came to Panama when the vote was put to the people to decide on the expansion and now 10 years later it is over a year old and breaking records. Panama’s $5 billion investment to expand […]
AES El Salvador and Corporación Multi Inversiones have announced an investment plan that includes the construction of ten solar plants with capacity to generate 10 MW each in different areas around the country. The solar power generation project will be operated by AES El Salvador, and is expected to be developed in three phases, according […]
Check out this video showing how a Maersk Supply Service cable layer carried out the company’s first ‘engineered grounding’ to run a cable and bring offshore wind energy ashore, meaning a more cost-effective process and a better flow of power. “Actually doing it was very unusual,” says Captain Peter Grøn, Master of the Maersk Connector. […]
Before you invest and move to another country, investigate its financial strengths. Moody’s Investors Service has today affirmed the Government of Panama’s issuer rating and senior unsecured bonds at Baa2 and senior unsecured shelf at (P)Baa2. The outlook changed to positive from stable. Two key drivers underpin the positive outlook: 1) Moody’s expectation that the […]
A gay Panamanian lawyer who once lived in D.C. is leading efforts to extend marriage rights to same-sex couples in his country. Iván Chanis Barahona is working on behalf of a gay couple legally married in the U.K. who is seeking formal recognition of their marriage in Panama. He is also among the lawyers who […]
This is very disappointing news that Sun International may exit Panama. One of the key reasons they give is the challenge they have growing a business here with the severe restrictions being placed by local banks on receiving money, paying customers and banking cash. This is also affecting our real estate industry. South Africa’s Sun International […]
Panama is working to increase its economic partnerships with China, which it hopes will finance more energy and infrastructure projects, President Juan Carlos Varela said in a recent interview. Panama established diplomatic ties with China in June, following the Central American country’s break with longtime ally Taiwan. China is the second-largest user of the Panama […]