Panama: $75 million for Customs Modernization


News from Panama

The Cabinet Council has approved a loan contract for investments in infrastructure and fiscal control equipment at the country’s border posts. According to a decree published on June 5 in the Official Gazette, “ … the signing of the Loan Agreement … between the Republic of Panama and the Inter-American Development Bank (IDB) has been authorized, up […]

June 13, 2018

Plan to Issue Bonds in China


News from Panama

The Panamanian issue of $500 million in “Panda” debt securities could be made in the course of the second half of the year, in the Chinese capital market. With this issue, the Panamanian government plans to take advantage of the most favorable financing conditions offered by the Chinese securities market, compared to the local market […]

June 13, 2018

Anthony Bourdain’s Extreme Empathy


News from Panama

After Anthony Bourdain’s death, a particular kind of tribute proliferated in my social media feeds. Post after post eulogized the chef, who through his writing and globetrotting TV shows became an ambassador of the world to the United States, for his unflinching honesty and political conviction. Bourdain used his tremendous platform to explain to his […]

June 12, 2018

How to Regulate Urban Growth


News from Panama

The plan put forward by the Panamanian government will define, in the cities of Panama and Colon, areas that can be used as development poles, and establish risk zones in which interventions are not allowed. The Ministry of Housing and Territorial Planning (Miviot) presented the Urban Development Plan for the Metropolitan Areas of the Pacific […]

June 12, 2018

Panama: New Companies in the SEM Regime


News from Panama

JCB from England, Isuzu Motors Limited from Japan and China Railway International Group CO have set up under the conditions of the regime known as SEM (Sede de Empresa Multinacional or Site of a Multinational Company). The Ministry of Industry and Commerce announced that from these sites companies will provide services to their subsidiaries in […]

June 12, 2018

Freight rate website provides free service to Panama importers and exporters


News from Panama

Michele Labrut reports for Seatrade Maritime News on how Panama is joining the shipping digital community with the first web platform in the region which allows Panamanian importers and exporters to take advantage of this maritime and air connectivity. Recently set-up by Rommel Troetsch, www.bestfreightsearch.com or www.buscomejorflete.com is designed to facilitate competitive freight for Panama […]

June 12, 2018

$350 million Road Works Adjudicated


News from Panama

In Panama, FCC Construcción and Operadora Cicsa will be in charge of the expansion works to six lanes of the Las Playas Corridor, on the Santa Cruz – San Carlos section. The companies that took part in the tender for the extension of the road sections were the Consortium FCC-Corredor de Las Playas II, composed […]

June 11, 2018

Videos that I am watching


News from Panama

The first video that I find amazing is the performance of students from Marjory Stoneman Douglas High School in Parkland, Florida, perform Rent’s “Seasons Of Love” in honor of their theatre teacher, Melody Herzfeld, who was named the recipient of the 2018 Excellence in Theatre Education Award, presented by Carnegie Mellon.  You have to turn this […]

June 11, 2018