Richard Fifer, the former governor of Panama’s Cocle province, was arrested on Saturday by Costa Rican authorities at the Paso Canoas border crossing with Panama. Fifer was detained along with two other Panamanian citizens and a Costa Rican tour guide while allegedly trying to illegally cross the border using an American passport. The arrest was […]
The Pan-Panama Cabinet Council approved an economic injection of more than US$90 million additional to the agricultural sector of what was budgeted for the fiscal validity of 2023, with the purpose of boosting national production and guaranteeing the food security of the Panamanian population, The redistribution of the funds allocated to the agricultural sector in […]
The XVI version of the Panamerican Surfing Games 2023 will bring together in Panama from April 21 to 30 400 athletes from 22 countries who will aim to win one of the 42 places for the Pan American Games of Santiago de Chile 2023 that will be in October, the organizers of the fair reported. […]
Two companies presented proposals for the public tender for the best value of the maintenance and rehabilitation project of the Centenario bridge. The fixed reference price reaches $5.6 million and the proposing companies were the CAA Centennial Bridge Rehabilitation Consortium (Centroequipos S.A., ARD Engineering INC., ATP Electronics, S.A.) with the sum of $ $6.2 million and […]
The President of the Republic of Panama, Laurentino Cortizo, inaugurated this Thursday the David International Fair, in the province of Chiriquí, which will be held until next March 26. During the event, the president authorized the investment of $3.3 million so that this year, through the “A Better Stallion” program, 1,200 milk and meat bulls […]
Panama’s government approved a 20-year loan deal worth nearly $626 million with the Japanese government aimed at continuing work on a second phase of a major public transit line southwest of the capital, officials announced on Thursday. The Line 3 metro system covers 14 train stations stretching across 17 miles (27 km) and the work […]
The idea had been bandied about for decades, but in January 1880 a bold French team finally embarked on one of the most ambitious projects of all time: building a shipping canal through the Panamanian jungle to connect the Atlantic and Pacific oceans. But in less than a decade the French canal company had gone […]
Panama’s risk of contagion from banking woes in the United States and Europe is “very limited”, an official with banking regulator SBP said on Thursday, adding that local lenders have no exposure from interbank deposits or other investments. “We can count on a very solid banking system,” Amauri Castillo, an SBP superintendent, said at a […]
The production of alcoholic beverages in Panama continues to increase, according to the figures of the Office of the Comptroller General of the Republic (CGR), shared by the National Institute of Statistics and Census (Inec), at the beginning of this month. 2022 ended with 273,731,253 liters (L) produced, a figure that exceeds the 272,101,463 L […]
A court in Panama approved on Tuesday to apply a delinquency rate of 5%, equivalent to more than $916,000, to the Brazilian company Odebrecht, for not paying the annual fee of the $220 million fine imposed on it in 2017 after the bribery scandal in that country. The court made the decision at a hearing […]