After the Preferential Interest Act was modified and the maximum limit for applying preferential interest to the purchase of homes was raised to $180,000, an 11% decrease in the inventory of available homes was reported. In September 2019, a bill was approved which establishes that for the purchase of homes for a value of between […]
I will start with the corn bread. Soft pillowy, steaming warm with real corn inside, yum. Two pork ribs done low and slow and finished with a tangy homemade sauce. The cole slaw is fresh and crisp and the potato salad is some of the best I have ever eaten. Mel does take […]
The need to ensure a regular, orderly and safe flow of travelers marked here today the fifth round of migration talks between Panama and Cuba, also focused on fighting human trafficking. In this regard, Ernesto Soberon, general director of Consular Affairs and Cuban Residents Abroad of the Foreign Ministry of the island, stressed the […]
Roughly 120 clusters of orchid bee nests were discovered in Panama, during restoration work on a local cathedral. The finding is particularly interesting as the nests hail from the 19th century, offering researchers a unique look at how local ecosystems evolved over time. The cathedral in question is the Catedral Basílica Santa María la Antigua […]
TVN Media announced that it has signed an asset purchase agreement for Green Emerald Business Inc., which includes six open radio frequencies under the Radio Panama brand and the right to use the LOS40 brand. TVN Media reported that the contract was signed on January 24, 2020, an agreement that follows the company‘s corporate strategy […]
A bill has been submitted to the National Assembly proposing to prohibit the practice of advance discounts for late payments. The document also provides that banks agree to enter into a payment arrangement with the debtor when the customer is more than 90 days late in paying the loan. See “Panama: Loan Portfolio Still Rising” […]
FacePhi has signed a contract with Credicorp Bank, S.A., an operation which will reinforce its presence in Panama. The technology company, a leader in facial recognition within the financial sector, has been active in the Panamanian country since 2019. With this new agreement, the Spanish company shields its business relations with the financial institutions of […]
After several complaints filed in the bidding process for the design and construction of Metro Line 3, the authorities decided to dismiss the allegations made by the ACPC Consortium and the company China Railway Group Limited. In December 2019, it was announced that the report of the evaluation board had been partially annulled and the […]
My good friend James Wiese has been passionate about initiating interest and following up on recovery efforts of a US Navy warbird that crashed deep in the jungles of Panama. The latest–The recovery team has returned from their trek into the steaming jungle of central Panama and confirmed the identity of the plane as that […]
BEST FOR: Contemporary rooms with business-friendly amenities. DON’T MISS: Panoramic views of the city’s financial district from the rooftop pool. PRICE: Internet rates for a traditional room start at $76. CONTACT: AC Hotel Panama City, Calle Ricardo Arias 8, Campo Alegre Area Bancaria, Panama City, Panama. Tel +507-394-7777 achotels.marriott.com VERDICT: Guests will find exceptional hospitality, sleek design and boutique-style […]