In the first semester of this year, the Panamanian government paid $30 million more in interest payments on the public debt than the amount paid in the same period last year. According to official figures between the first six months of 2018 and the same period in 2017, the costs of the debt increased by […]
Panama-based airline Copa Holdings (CPA.N) on Wednesday reported net operating income of $49 million, down 21 percent from a year earlier due in part to a diplomatic spat between Panama and Venezuela that temporarily blocked flights to Caracas. Copa’s profit missed an average estimate of $55 million in a Thomson Reuters survey of nine analysts. […]
Abdul Mohamed Waked Fares didn’t challenge the accuracy of the allegations, appeals court says. Reporting for the Wall Street Journal by Samuel Rubenfeld. The patriarch of a powerful Panamanian business family Friday lost his appeal to access evidence used to justify U.S. sanctions on him, members of his family and his companies. The argument by […]
A group of young people from France are taking a novel route to attend World Youth Day 2019 in Panama – 3 sail boats for 105 days of transatlantic travel. On the 31st of August the young crew – consisting of 17 Frenchmen and women, 4 skippers, and a chaplain – will leave from Notre-Dame […]
With its two long coasts and several outlying islands, Panama is a country that offers a myriad of beach options—many of which are truly unforgettable. Whether you prefer undiscovered and under the radar or developed and readily accessible, Panama likely has a beach for you. The country’s Caribbean coast features white sand beaches and aqua […]
This New York Time article explores the challenges now faced in Panama with a slow down in the real estate market. Along the Pacific coast, Panama’s beach communities are struggling to attract foreign investment, leading to more affordable homes. An Oceanside Haven in Coronado $2.75 MILLION This Balinese-style villa built in 2008 is in the beach […]
Heads are going to turn… W Hotels Worldwide today unveils its latest celebration of global fashion: W HOTELS x GIGI BURRIS – a trio of festive Panama Hats designed as a stylish nod to W Panama City, which opened earlier this year. The collaboration with Burris was born from the W brand’s longstanding relationship with […]
Departures in Panama”s executive cabinet continued with the resignation of Marcela Paredes, Minister of Education (MEDUCA), confirming today the 13th minister who leaves the government in the four-year administration. Paredes will be appointed ambassador of her country to Chile and will leave office on August 15, the Secretary of Communication of the State (SEC) […]
In Nicaragua, a company dedicated to the production of passion fruit which planned to invest $20 million in the coming years, reported that last weekend armed groups invaded their land. The Swiss origin company, Chimaco S.A., reported that the demo facility located at kilometer 124.5 of the highway between Chinandega and León was taken over […]
Wounaan and Embera indigenous communities occupying four territories in eastern Panama are taking their nearly five-year land-titling battle with the government to the Inter-American Commission on Human Rights in Washington, D.C. Their move comes despite recent gains in the Panamanian process. Some indigenous leaders say new government-imposed conditions represent yet another delay in the already-long […]