Adverse court decisions against companies, social and political conflicts and fiscal issues are some of the factors that are impeding the development of productive projects in Central American countries. One of the latest court decisions affecting companies with investments in the region was that of Minera Petaquilla, in Panama. The contract that this company had […]
Adapt the country’s sanitary norms to international standards and unify food import and export systems is part of the plan proposed by the Varela administration. In order to take advantage of commercial agreements and increase exports to the European and North American markets, the government is working to consolidate its health systems. The Panamanian Association […]
“Despite temporarily slowing in 2018, the Panamanian economy is poised for a rebound in the near term and will remain among the most dynamic in Latin America.” What the International Monetary Fund (IMF) said about the slowdown suffered by Panama’s economy is not a surprise, considering what the indicators have been showing over the past […]
At the end of the first half of 2018, the inventory of apartments in the country’s capital reached 17,871 units, 5% more than reported at the beginning of the year. At the end of the first half-year, the absorption of units of apartments built and in progress has decreased, from 92.3% to 87.4% in the […]
Acciona Construccion and the Consortia Linea Aeropuerto and Linea 2 Ramal presented their proposals to design and build the branch that will connect the future Instituto Tecnico Superior del Este with the Tocumen international airport. The contract contemplates the design engineering services, construction of civil works, auxiliary line installations and stations, and interfaces with the […]
Former Panama president Ricardo Martinelli will contest next year’s general election after topping the poll in his party’s primaries despite being jailed on corruption charges. Martinelli was one of the top-performing candidates in his right wing Cambio Democratico (Democratic Change) party, taking 44 percent of the votes in his constituency primary. “My greatest wish is […]
Representatives of governments, workers and employers from more than 35 countries in Latin America, the Caribbean, Canada and the United States are meeting for the first time in Panama on Tuesday to discuss the future of work. The 19th American Regional Meeting of the International Labor Organization (ILO), the first of its kind in Central […]
The Panama Canal reached a new milestone Monday after the successful transit of four liquefied natural gas (LNG) ships with a beam of up to 160 feet (49 metres) in a single day through the neopanamax Locks and with it broke the record set on 17 April 2018, when three LNG vessels transited through the […]
Trade between Cuba and Panama currently amounts to 300 million dollars, with 80 companies from this country located on the island, said the ambassador of Cuba in Panama, Miguel Antonio Pardo. At a recent meeting at the University of Panama, the diplomat said that in later years, the Cuban government has granted 3000 university […]
Millicom is acquiring a controlling 80 per cent stake in Cable Onda, the largest cable and fixed telecommunications services provider in Panama, Latin America’s fastest-growing economy. The transaction values 100 per cent of Cable Onda at an enterprise value of $1,460 million, with a cash consideration of approximately $1,002 million (subject to customary adjustments). The […]