Rare respite at Panama City’s Santa Maria


News from Panama

Eric Moya covers the story of the  the sixth Central/South American property under Marriott’s Luxury Collection and the first in Panama.   Located near the myriad corporate offices of Panama City’s Santa Maria and Costa del Este areas, the Santa Maria, a Luxury Collection Hotel & Golf Resort is ideally situated to cater to the […]

May 22, 2018

Banana Reactivation Project Makes Progress in Panama


News from Panama

Due to the delay in approval of the environmental permit, in the first stage of the project, the subsidiary of Del Monte will cultivate 650 hectares of banana, instead of the 970 hectares originally planned. Prensa.com reports that “… The company Banapiña de Panamá, a subsidiary of Del Monte, imported 1.2 million meristems from Costa Rica, of […]

May 16, 2018

Tocumen Issues $225 million in Debt


News from Panama

The international airport of Panama has issued on the international market a 30-year debt issuance, at an interest rate of 6%. The decision to issue the bonds is in accordance with Tocumen’s plans to modernize the air terminal’s electrical system, and to build a third runway and the first phase of the logistics area. Prensa.com […]

May 16, 2018

Six words from the Class of 1928


News from Panama

The husband came across the program from my father-in-law’s high school graduation, 90 years ago. It was the Class of 1928 and their class motto was “Build for Character, Not for Fame.” No words are better said and very true. I’m pretty sure we’ve done a full reverse on that one. We put an exceedingly […]

May 16, 2018

Construction Starts on 66 MW Wind Farm


News from Panama

Work has started on the first phase of the Toabré wind power generation project in Panama, with an investment of over $150 million. From a statement issued by Audax Renovables: Badalona, May 9, 2018.- Audax Renewables, subsidiary of renewable energy generation in the Audax group, which is participating together with local partners in the project […]

May 16, 2018

Offers to Build a Free Zone in Tocumen


News from Panama

Between $ 13.5 million and $ 14.1 million is the range of the five proposals for the first phase of construction of a 35 hectare free zone in the grounds of Tocumen International Airport. Five companies submitted their technical and economic proposals: Ingeniería PC: $14,134,262 Levantina Ingeniería y Construcción: $14,156,483 Mota-Engil Engenharia e Construcao S.A. […]

May 16, 2018

Panama: Public Spending Up 30%


News from Panama

In the first quarter of this year, total expenses of the Non-Financial Public Sector increased by 30% with respect to the same period in 2017, mainly explained by an increase in current expenditure. From a statement issued by the Ministry of Economy and Finance: May 9, 2018. Total revenues of the Central Government (CG) were […]

May 16, 2018