By offering a shorter route for ships, the Panama Canal contributed to a reduction of more than 13 million tons of carbon dioxide (CO2) equivalent emissions in 2020, in comparison to the most likely alternative routes. These savings are equivalent to the greenhouse gas emissions of 2.8 million passenger vehicles driven for a year or […]
The sudden fall in commodity prices, export volumes, FDI redirection, and growing unemployment strongly disturbs Latin American economies. The year 2020 was remarkable and impressionable to say the least, and transformational to be accurate. Before the end of the COVID-19 pandemic — which will most probably happen after the inoculation of the world population — […]
Given that the table area of restaurants and tourist sites are closed to the public in Panama due to the outbreak of covid-19, the business sector is asking the authorities to reconsider their reopening. According to the plans for the reopening of the economy, as of February 15, restaurants will be allowed to serve their tables and […]
The Panama Canal is working with local port officials to optimize supply routes for the distribution of Covid-19 vaccines and supplies to Latin America, officials from the canal said earlier this month. Panama Canal officials have signed memorandums of understanding with Panama Ports Company (PPC) and PSA Panama International Terminal (PSA Panama) to cooperate on a range of […]
Three LNG carriers started northbound transits of the Panama Canal yesterday, with two completing the passage in the same day, as demand for Pacific-Atlantic crossings ticks higher. The Panama Canal offers a maximum of two LNG carrier transits each day, although it has on occasion accommodated up to four daily transits. But only on a […]
As Damaso Espino watched Leo Bernal sign a contract with the Cardinals earlier this month, he saw the smiles, the hopes and the dreams that fill a 16-year-old’s head as he begins the journey of leaving his home in Panama to become a professional baseball player. There was a good reason why it seemed Espino […]
It would be an understatement to say that the hotel industry is experiencing some dark days. In fact, some experts like Georgia-based hotelier Charlton Claxton know that hotels are downright reeling. And unfortunately, no one is to blame – no irresponsible investments or aggressive purchases. The predicament the hotel industry finds itself in is entirely […]
Guyana’s Agriculture Minister Zulfikar Mustapha says the Inter-American Institute for Cooperation on Agriculture (IICA) has been invited to assist Guyana in retrieving the GUY$1.9 billion owed to rice millers by the Panamanian authorities. According to Mustapha, he is hopeful that the matter would be resolved soon. “Hopefully, shortly the Minister of Agriculture of Panama and […]
Panama’s Chamber of Commerce and Industries (Cciap) has asked the government to reconsider the closure of trails, national parks, and beaches. The business union says that the indefinite closure on weekends is a restriction that contradicts the very essence of these areas, qualified by experts as suitable for healthy recreation and the welfare of people. […]
In response to deaths linked to a cult called “the New Light of God,” the Panamanian government has proposed new legislation aimed at criminalizing cult activity. The broad scope of the legislation may have consequences for minority faiths and new religious movements within the Central American nation, as similar legislation has done in other countries. […]