Consistent with the trend reported since last year, in the first ten months of 2018, the cost of new construction, additions and repairs fell 38% over the same period in 2017. The latest report from the General Comptroller details that between January and October of this year the cost of new constructions, additions and repairs […]
An estimated 7,000 tons of cement from the Asian country have already entered the country, a product that is still stored and waiting to be commercialized. Businessmen of the sector warn that norms and quality standards need to be established to regulate the entry into the country of imported material, which will compete with local […]
Avianca, United Airlines and Copa Airlines, signed a trade agreement that will allow them to agree flight routes in the American continent. To ensure the commercial agreement reached on November 30th becomes effective, the three airlines plan to apply for regulatory approval and a complementary antitrust immunity (ATI) subsidy in the coming weeks from the […]
Mining has become one of the fastest growing sectors in the Panamanian economy, and it is expected to expand even quicker after the government disclosed last week it has identified mineral reserves estimated at $200 billion, at current prices. Zorel Morales, chairman of the Mining Chamber of Panama (CAMIPA) told local paper La Estrella (in Spanish), mining-related activities jumped 25% […]
The Latin American Development Bank approved a loan to finance projects to improve the drinking water distribution system in the country’s metropolitan area and other provinces. The Board of Directors of the Latin American Development Bank (CAF) approved a USD 200 million loan to the Republic of Panama to support the National Investment Program for […]
It is mid-morning in Darién National Park, Panama, and I’m wilting in the rainforest heat. Three hours ago, with the ramshackle border town of Yaviza still asleep, we had boarded our motorised dugout and nudged out into the swift, dark current. Now the humid air hums with insects and sweat trickles down my back. Suddenly […]
In this Nov. 25, 2018 photo, indigenous men finish the swimming competition during the second edition of the Panamanian indigenous games on lake Bayano, Panama. In terms of surface area, Lake Bayano is the second largest lake in Panama, exceeded only by Lake Gatun.Arnulfo Franco / AP Some brought bows and arrows to show off […]
The Panama Canal is an engineering feat amazing for its time. Begun by the French in 1881, the 50-mile-long canal route suffered numerous setbacks, and was finally completed by the U.S. in 1914. Today the Panama Canal continues to be a true marvel to experience, both on a ship cruising through it and from shore […]
Chinese President Xi Jinping has landed in Panama for the first state visit by a Chinese leader to the small Central American nation, made possible when Panama switched its diplomatic ties from Taipei to Beijing last year. Xi was welcomed by Panamanian President Juan Carlos Varela as he arrived in Tocumen international airport on Sunday […]
The government of Panama gave a US$1.4 billion contract to build a bridge over the Panama Canal to Panama Cuarto Puente, a Chinese consortium. Panama Cuarto Puente consortium or so-called Panama Fourth Bridge Consortium, composed of China Communications Construction Company (CCCC) and its unit China Harbour Engineering Company (CHEC), will design and build a bridge […]