One month after its license was canceled, a judicial ruling has reactivated the project to construct and operate a 670 MW natural gas plant, under the responsibility of NG Power. With the ruling from the Supreme Court of Justice, the cancellation of the license to build the 670 MW thermoelectric plant, announced in December 2017 by […]
The sublease contract for 1,300 farms signed between Del Monte and the Panamanian government will allow banana production to start in Barú, Chiriqui. From a statement issued by the Presidency of Panama: The contract for the sub-leasing of more 1,300 farms for reactivation of banana production in Barú, province of Chiriquí, was signed on Monday […]
As a preliminary stage to negotiations for the signing of a Free Trade Agreement, authorities in both countries have started a feasibility study. According to the Minister of Commerce and Industries, Augusto Arosemena Moreno, “Panama’s primary interest is to boost foreign investment, mainly of added value, making Panama a distribution center for the region and […]
Sarah Gibbens writes in National Geographic about the mission here in Panama to save the harlequin frogs. Hundreds of colorful frogs, barely the size of a palm, have been released into the wilds of Panama in the hopes of reviving a critically endangered species. The variable harlequin frogs, raised in captivity at a Smithsonian’s Conservation […]
Watch these two young musicians bang out the rhythm!!
From March 20 to 23, a group of Panamanian businessmen will be visiting Santo Domingo to meet with local companies and explore business opportunities. In this trade mission, it is expected that twenty exporting companies will take part, among them agro-industrial and industrial companies, who will be holding business appointments with important importers from the […]
Chinese leading truck manufacturer Shacman has launched operations in Panama with an eye to expanding its share of the Latin American market. In a recent effort to pursue its aim, the company participated in the international heavy machinery fair Expo Maquina 2018, which took place in Panama City on Jan. 18-20. “This fair is like […]
European officials have recommended that eight countries, including Panama and Tunisia be moved from the EU’s tax haven blacklist to its grey list, after they promise to reform. The Europe Council’s group of tax experts – the so-called Code of Conduct group – recommended that EU Finance Ministers move Barbados, Grenada, South Korea, Macau, […]
Jeff Horwitz reports in the Chicago Tribune of Trump Hotels contesting their firing. An attempt to oust President Donald Trump’s hotel business from managing a luxury hotel in Panama has turned bitter, with accusations of financial misconduct. Trump Hotels is contesting its firing, and its staff ran off a team of Marriott executives invited last […]
The world’s largest container shipping firm A.P. Moller-Maersk is teaming up with IBM to create an industry-wide trading platform it says can speed up trade and save billions of dollars. The global shipping industry has seen little innovation since the container was invented in the 1950s, and cross-border trade still leaves an enormous trail of […]