” Open veins of Latin America” A must read for anyone thinking of doing business or living in Latin America


News from Panama

My friend Geoffrey McRae at Gateway to South America posted this article and I have ordered the book from Amazon. This translated book begins with a foreword by left-wing writer Isabel Allende, and here is  just one quote from her  introduction of the book: “His work is a mixture of meticulous detail, political conviction, poetic flair, and good storytelling.” […]

February 17, 2020

Air Cargo: New Competitor in Panama


News from Panama

The company of Chilean origin Latam Cargo began operations in the country and will offer its services on Tuesdays and Thursdays to cover the Miami-Panama-Bogotá route. Thursday, February 13, 2020 Directors of Tocumen International Airport informed that the refueling and cargo movement service offered by Latam Cargo will be operated with a Boeing 763 aircraft. […]

February 17, 2020

Panama: $47 Million for Tourism Project


News from Panama

CIFI and BID Invest authorized a loan for West Report S.A. to develop, build and operate a hotel complex in Bocas del Toro. The new hotel, which will have 118 rooms, several restaurants, a spa and other meeting places for its guests, will be operated under the brand name Viceroy Hotels and Resorts, reported CIFI. […]

February 17, 2020

Panama Needs to Attract Foreign Talent


News from Panama

  Changing the model of progress by betting on more complex and higher value-added activities, without restricting the entry of qualified foreign labor, is part of what the Panamanian business sector proposes to boost long-term economic growth. In a statement, the Chamber of Commerce, Industry and Agriculture of Panama (CCIAP) reflects on the need to […]

February 17, 2020

Panama modifies incentives for homeporting cruise ships


News from Panama

Panama made modifications to the reimbursement plan for Panama Canal transits by cruise lines that establish homeport operations in the country, These incentives were announced by the Panama Tourism Authority in June 2019. Panama made modifications to the reimbursement plan for Panama Canal transits by cruise lines that establish homeport operations in the country, These […]

February 17, 2020

Mexicans Acquire Hydroelectric Power Plants in Panama


News from Panama

Grupo Carso announced the acquisition of the total shares of Ideal Panama, a company operating two hydroelectric plants with a combined capacity of 145 MW. The amount of the transaction was $152.6 million, according to a relevant announcement published by the Mexican Stock Exchange. The announcement states that “… Grupo Carso S.A.B. de C.V. informs […]

February 17, 2020

How the Panama Canal Makes Water Flow Uphill


News from Panama

In the heated jungles of Central America in the early 1900s, thousands of workers toiled in the rain and mud trying to cleave Panama in half in order to join the Pacific Ocean with the Caribbean Sea. The difficult, dirty work involved more than digging and dynamiting, though. Working on the Panama Canal in the […]

February 17, 2020

Panama Metro Line 2 extension approved


News from Panama

PANAMA’s cabinet has approved the construction of a 2km extension of Panama Metro Line 2 to Tocumen Airport at a cost of $US 42.7m. The extension will also serve the Specialised Higher Technical Institute (ITSE) and will benefit more than 5000 students, 8000 airport employees and the thousands of tourists visiting Panama. The cabinet authorised […]

February 17, 2020

Eco-Tourism in Panama: What to Do


News from Panama

When trying to decide what eco-tourism activities in Panama are worth doing, keep this list in mind. Panama is ecologically diverse and full of life. As a tourist destination, Panama is still an untouched gem. The capital, Panama City, is a bustling metropolis with almost two million residents and one of the most modern cities […]

February 17, 2020

What I am following now – Energy Observer


News from Panama

French containership giant CMA CGM is partnership with the hydrogen-powered vessel project Energy Observer to study and promote the zero-emission fuel within the shipping industry. Click on the picture to see the video Launched in 2017, the Energy Observer is the first hydrogen powered-vessel to embark on a round-the-world voyage. The “green” hydrogen used by […]

February 11, 2020