The sectors of gastronomy, services and clothing is where most of the more than 200 franchise chains, including both Panamanian and international, that operate in the country are concentrated. As in other countries in the region, such as Costa Rica, the franchise business is becoming increasingly significant in Panama. Figures from the Economic Studies Center […]
The Metro authorities are considering the possibility of extending Line 3 to Costa Verde, in the district of La Chorrera, instead of to Ciudad del Futuro, in Arraiján, as originally planned. The executive secretary of the Panama Metro, Roberto Roy, told Prensa.com that the idea is to build an interchange at Costa Verde, province of […]
The International Film Festival of Panama (IFF Panama), in keeping with international trends, has signed a distribution deal with Copa Airlines, Panama’s flag carrier. In April 2014, United Airlines and Tribeca first announced a sponsorship deal which saw the festival curating a selection of films which could be viewed on long-distant flights, while Cannes Film […]
The Panama Canal will increase the number of daily booking slots available for Neopanamax vessels from six to seven effective December 1, 2017. With this measure, the Panama Canal is embracing the additional capacity allowed for by the new, larger locks. The seven daily booking slots for Neopanamax vessels are offered in addition to the […]
Jim Darling writes for the Californian about his experience cruising and one of his favorites, the Panama Canal transit as part of his 15 day cruise also to the ports of call that included Cartagena Columbia, Colon Panama, Puntarenas Costa Rica, Puerto Quetzal Guatemala, Puerto Vallarta and Cabo San Lucas, Mexico. The older I get, the […]
Panama is on track to hit a record level of illegal narcotics seizures this year after authorities over the weekend seized about 2 tonnes of cocaine near the Central American country’s border with Colombia, officials said on Monday. The total drug confiscations in full-year 2017 are expected to surpass the previous annual record of 72 […]
The Ministry of Finance and Economy insists that the country is at risk of being included once again in the gray list of the Financial Action Group if tax evasion is not considered a crime. Panama is one of the few countries where tax evasion is not considered a criminal offense. Prensa.com reports that “…The government […]
With the normalization in relations, Chinese companies will now be looking to extend their activities deep into Latin America – right in the US backyard. The Vatican may be considered more important, but Panama is arguably the most strategic prize in Beijing’s quest to isolate Taiwan diplomatically, not to mention extending its influence in America’s […]
The agreement approved by the Municipal Council suspends future construction and preliminary projects in the Condado del Rey area and surrounding neighborhoods. Prensa.com reports that “…During the session of the Municipal Council on November 21, the municipal engineer Ricardo Sanchez said that the suspension will be maintained until the respective hydrological studies and storm drains […]
In January 2018, a delegation of businessmen from the livestock sector will be visiting the Asian country to develop new commercial alliances to increase exports of bovine meat. Panamaamerica.com.pa reports that “…According to the president of the National Association of Cattle Ranchers (Anagan), Aquiles Acevedo, the aim of the visit is to look for new […]