AMERICAS: PANAMA BUNKER SALES SURGE 18.9% Y-O-Y


News from Panama

Some 460,051 metric tonnes (mt) of marine fuel were sold in Panama last month, an increase of 18.9% on the 386,955 mt registered in May 2020. According to figures released by the Panama Maritime Authority, last month’s total – the highest monthly total since January 2020 – was also 14.3% up on the 402,343 mt […]

June 22, 2021

Vehicles: Sales in Panama Up 20%


News from Panama

Between the first four-month period of 2020 and the same period of 2021, vehicle sales in the local market increased by 20%, a rise that is largely explained by the behavior of marketed units of cars and SUVs. The Office of the General Comptroller of the Republic reported that between April 2020 and the same month of […]

June 22, 2021

Employment dominates public forum for 670MW Panama thermo


News from Panama

Most questions at a public forum as part of environmental permitting for Generadora Gatún’s US$1bn, 670MW natural gas-fired power project in Panama dealt with employment. That is according to the report from the meeting (pictured) that was drafted by consultancy URS Holdings and released by the environment ministry. A total of 167 participants signed the attendance list for the forum which […]

June 22, 2021

Judicial investigation in Costa Rica leads to inquiries in Panama


News from Panama

Panama, June 16 (Prensa Latina) Investigation led by Costa Rican justice against Building Company Meco SA, could also be related to Panama, whose authorities look into alleged company´s financial crimes, local press reported here today.   Panama´s Financial Affairs Unit (FAU) belonging to the President´s Ministry, is looking for possible funds being transferred from San […]

June 22, 2021

Cryptocurrency Use: CABEI to Advise El Salvador


News from Panama

In order to assess risks, verify regulation and other issues, the Central American Bank for Economic Integration will provide the Salvadoran government with advice on the implementation of the new cryptocurrency scheme, called Bitcoin. On June 8, the Legislative Assembly of El Salvador approved the Bitcoin Law, a legal framework that recognizes this digital currency […]

June 22, 2021

Panama to Present Crypto-Related Bill in July


News from Panama

Next month, Panamanian congressman Gabriel Silva plans to present a bill that could potentially spearhead the adoption of cryptocurrencies as legal tender and create tax incentives for crypto-related businesses. After El Salvador’s president, Nayib Bukele, announced he was proposing a law to make bitcoin legal tender, Silva tweeted on June 7 that if Panama wanted to become […]

June 22, 2021