Between January and May, the monthly index of economic activity varied by 6.49% with respect to the same period in 2016, mainly due to the activities of construction and exploitation of mines and quarries. From a report by the Comptroller General of the Republic. The Monthly Index of Economic Activity (IMAE) in the Republic, for […]
The Best of Panama auction concluded last week, and the “a cup of coffee shouldn’t cost $3” crowd may want to stop reading here (or, y’know, stop holding such a narrow view of such a wide-ranging product). The highest selling of the 51 lots went for a staggering $601 per pound, setting a new world […]
The attorney general, Néstor Humberto Martínez, has recently revealed that in Colombia the exceptionally corrupt construction giant Odebrecht has paid bribes to the amount of USD $27 million USD ($84 billion Colombian pesos).The prosecution revealed new details involving Colombian politicians in Odebrecht‘s bribery networks. Read More: Colombian Judge Requests Investigation of President Santos over […]
The monthly index of economic activity in the region, compiled by CentralAmericaData, registered a year-on-year growth of 3% in April. Figures from the Information System ´Central American MacroeconomicMonitoring´ by the Business Intelligence Unit at CentralAmerica Data:[Figure caption = “Click to interact with the graphic”] Explore data in interactive graphs. Central American IMAE In April, the monthly variation of […]
The National Interconnected System Expansion Plan for the period 2017-2031 will be put to public consultation until August 31. The Expansion Plan for the 2017-2031 National Interconnected System was prepared by Etesa and will be available for public consultation until August 31. From the summary of the document: Demand projections indicate that consumption of electricity in the […]
The Ministry of Education in Panama is putting out to tender the construction and equipping of several educational centers in the provinces of Chiriquí, Bocas del Toro and Veraguas. Panama Government Purchase 2017-0-07-0-09-LV-031049: “Description design, preparation and approval of plans, construction of new infrastructures, supply of furniture, remodeling and improvement to the La Primavera school, Santiago district, Santiago district, Veraguas province.” The deadline for […]
Given the humanitarian crisis facing Venezuela and the series of protests convened by the opposition to stop the regime’s plan to rewrite the Constitution, the United States government advised its citizens residing in the South American country to prepare with water and food for the coming days. The US embassy issued a statement in which it advised against participating […]
In Panama, Clean Green Energy S.A. has been granted a provisional license for the construction and operation of a wind farm with an installed capacity of 40 MW in the province of Colón. From Resolution AN No.11357-Elec: IT IS RESOLVED: FIRST: To grant to CLEAN GREEN ENERGY, S.A., registered in the Public Registry, on File 155635462 […]
The opening of proposals in the tender to design and build the fourth bridge over the Canal will be held on September 5, and four consortiums of the six who initially prequalified will be participating. The consortium made up of the Korean company Hyundai and Spain’s Sacyr, one of the six entities prequalified to participate in the […]
Panama announced Tuesday it has opened an embassy in China after cutting diplomatic ties with Taiwan in June. “The opening of the Republic of Panama’s embassy in the People’s Republic of China was done in accordance with the principles that frame the diplomatic relations between both countries,” the foreign ministry said in a […]