GPGC is currently in the process of finalizing the financing for this project through Polaris Capital Power Inc. The initial cost of the biomass energy plant is estimated at $13 million USD; it is expected to provide gross annual revenues of $3.5 million with operating expenses of $1.1 million. With an initial capacity of 5 […]
Central Holidays is launching a fabulous Panama Flash Sale, featuring amazing rates on their six-day “Panama’s Sloths and Sandcastles” package for travel from May 1 – December 19, 2019. This Panama travel package showcases the diversity of Panama, a travel destination whose popularity continues growing by leaps and bounds! Starting from just $569 per person, […]
Focusing on segments looking for SUVs is one of the strategies Panama’s new car dealers are using to boost sales. Focusing on segments that seek vehicles such as Data of the General Comptroller of the Republic of Panama specify that between 2016 and 2017 the number of new vehicles registered in the country fell 15%, […]
The Panama Canal Authority said the El Niño weather phenomenon is forcing draft restrictions in the waterway, but the impact of those restrictions on ship transits has been limited. A pinch will come within three weeks, however, if there isn’t enough rainfall, its chief warned. “Right now there is a 45-foot draft restriction on the […]
For Costa Rican businessmen, the neighboring country is a very important market, since it is dedicated to logistics, trade and financial intermediation, and demands different types of goods produced by Costa Rica. In 2018 Costa Rican exports to the Panamanian market totaled US$606 million, which positioned Panama as the fourth most important destination for foreign […]
The Panama Maritime Authority tenders the operation and maintenance of the cruise terminal on Perico Island. Panama Government Purchase 2019-2-03-0-08-LV-007211: “The Contractor awarded this Public Act will be in charge of carrying out all the Services that allow the efficient and satisfactory performance of the Base Port and Transit Regime operations, from the arrival or […]
Ending corruption is top on voters’ minds in Panama, but they’re split over who offers the most credible promise of change. Election Date: May 5 Format: One round, popular vote. Laurentino “Nito” Cortizo, 66, former deputy and minister Democratic Revolutionary Party “I aspire to become president of this country firstly to defend Panama’s interests, which […]
Hungary will open a diplomatic mission to handle trade and consular affairs in Panama, the foreign minister said on Wednesday, ahead of talks in Panama City. Péter Szijjártó told MTI by phone that he would meet with President Juan Carlos Varela Rodriguez, Vice President and Foreign Minister Isabel de Saint Malo de Alvarado and Trade […]
US residual fuel oil exports to Panama totaled 943,000 barrels in January, up more than three times from 303,000 barrels in the year-ago month, Energy Information Administration data showed Thursday. Overall, the US exported 7.652 million barrels of residual fuel oil to 18 countries in January, down 6.38% from 8.174 million barrels in December, the […]
Encouraging investments in free trade zones, increasing the number of new headquarters of multinational companies and strengthening diplomatic relations with Asian countries, are some of the stakes of the Central American country. Taking advantage of the competitive position in terms of connectivity and logistics is the main offer of the Panamanian economy for companies from […]