Since Panama established diplomatic relations with China in June 2017, the two countries have developed an incredibly strong relationship. Only geostrategic sensitivities relating to the trade war between China and the US have prevented the two countries from announcing the conclusion (in record time) of a bilateral free trade agreement. But it is now a […]
Together with FCC Construction, the controversial Brazilian construction company won the contract to design and build the branch of Line 2 of the Panama Metro, which will connect the future ITSE with the Tocumen international airport. inShare On November 27th, the award resolution was published, which consists of design engineering services, construction of civil works, […]
New rules allowing a greater number of liquefied natural gas tankers to pass through the Panama Canal per day are expected to boost the development of the multibillion dollar industry along the U.S. Gulf Coast. The rules went into effect in October. Canal officials now allow two LNG tankers traveling in opposite directions to be […]
Cement consumption in Panama is expected to fall by 13 per cent this year due to the economic slowdown, the strike by the trade union of construction workers, Suntracs, and a decline in construction permits. “We are seeing a 13 per cent drop this year and we perceive that next year will not be a […]
Expanding to $150.000 the range of homes with preferential interest and guaranteeing real estate leasing are two of the changes that could boost a recovery of activity in Panama. Construction in the country has reported a downward trend in recent years, however, representatives of the Panamanian Chamber of Construction (CAPAC) expect that with the arrival […]
After having stopped the process because of an action proposed by one of the participating consortiums, the authorities decided to lift the suspension of the tender for the design and construction of the branch that will connect the future ITSE with the international airport of Tocumen. The tender was suspended at the beginning of November […]
The latest round of rebates for transiting LNG vessels in the Suez Canal is set to boost traffic as the rival waterways compete for traffic ahead of an upsurge in LNG exports as US production rapidly increases. The Suez Canal’s new discount on tolls, now in effect for six weeks, offers a hefty 65% cut […]
On February 14th and 15th, representatives of banks, international financial institutions and risk rating agencies will meet in Panama City to discuss issues related to the sector. The event called “International Banking Congress for Regulators & Bankers,” will be organized by the Superintendence of Banks of Panama (SBP) and seeks to address issues such as […]
Producing articles with avocado and corn seed resin, and products with additives that allow the decomposition of plastic in less time, are some of the strategies proposed by the sector to overcome the obstacles faced in the region. As in the rest of the world, there have been several attempts in Central America to ban […]