A $1.15bn facility comprising a 381 MW combined-cycle power plant and the first liquified natural gas terminal in Central America have been inaugurated in Panama by AES Corporation. The AES Colón plant and terminal are expected to begin commercial operations on September 1 and are intended to help wean Central America and the Caribbean off […]
The Panamanian government signed a Memorandum of Understanding (MoU) with US officials to increase energy cooperation, including on renewables. In addition to renewables, the sectors to be promoted by both nations are energy efficiency, energy storage, distribution, transmission, as well as investment in infrastructure, the local government stated on Friday. According to Panama’s Secretary of […]
Since its inauguration on August 15, 1914, the Panama Canal has revolutionized maritime traffic. More than a million ships have crossed the waterway, connecting markets from all corners of the globe. The Panama Canal connects 144 maritime routes, reaching 1,700 ports in 160 countries. The first cargo ship to pass the canal was the U.S. […]
China and Panama began talks over a free trade pact in July, only one year after the two nations established diplomatic relations. The first round of negotiations took place in Panama City where the two sides exchanged ideas about topics related to the pact and the talks progressed well. The second round of talks is […]
Patrick Clarke writes about Panama in Travel Pulse. Panama is loaded with opportunities for adventure, from big wave surfing in Venao to watching sea turtles in Isla Canas. The Central American destination is unique in that it allows visitors to experience not one but two different oceans, along with breathtaking mountains, rainforests, an array of […]
The Varela administration’s budget for next year includes $4.032 billion for the City of Health and new polyclinics, Metro Lines 2 and 3, and construction of road works. The budget presented by the Ministry of Economy and Finance in Panama includes several items for public investment projects, which together amount to just over $4 billion, […]
I started drinking this in Argentina and it has become a regular afternoon delight! There are some Argentine customs we wish we could incorporate into our daily routine—midnight steak dinners followed by five hours of dancing? If only. But yerba mate, the national drink of Argentina, is something we can definitely get on board with. […]
Price of a gallon of regular gasoline: Costa Rica $4.34, Nicaragua $3.95, Honduras $3.78, El Salvador $3.52, Guatemala $3.50 and Panama $3.24. From a report by the Ministry of Economy of El Salvador: August 13, 2018. The trends that have led to fuel prices experiencing highs and lows are due to fears about trade disputes between […]
Following a controversy caused by statements made by the Attorney General of the Nation, the Panamanian business sector is demanding that a thorough investigation be carried out, asserting that things are moving “dangerously towards the exhaustion of any principle of legality”. From a statement issued by the Chamber of Commerce, Industries and Agriculture of Panama […]
The farmers’ association reports that the annual per capita consumption of boneless beef has fallen from 13.6 kilos to 13.3 kilos. The National Association of Cattle Ranchers (Anagan) states that the reduction, although slight, is due to a fall in local production and an increase in imports, which may have generated an imbalance in the […]