What I am watching now


News from Panama

If you wan’t bragging rights for your new UAV (unmaned aerial vehicle) why not try to fly above Everest.  ABOVE EVEREST, IS THIS CRAZY!! The Russian SKAT 640 4G TERRA unmanned aerial vehicle (UAV) has set the world flight altitude record for light aircraft weighing less than 1 ton by flying over the highest mountain […]

July 31, 2018

Hotel Occupancy Continues to Decline


News from Panama

From January to May of this year, hotels in Panama City reported an average occupancy of 4,799 rooms per day, 7% less than in the same period in 2017. According to figures from the Office of the Comptroller General of the Republic, in May alone the average number of occupied rooms registered a 5% drop […]

July 31, 2018

Social Interest Homes for $11 million


News from Panama

The Ministry of Housing in Panama is putting out to tender construction works for 600 low-income housing projects, which will be located in different districts in the province of Chiriqui. Panama Government Purchase 2018-0-14-0-04-LV-013444:  “Supply of materials, labor, equipment and administration for the construction works on three hundred (300) social interest homes, under the Roofs […]

July 31, 2018

New Rules for SEM Companies in Panama


News from Panama

Having a minimum of five full-time permanent employees is one of the requirements that companies must meet in order to obtain a Regional Offices of Multinational Corporations license, if a bill from the Varela administration succeeds. The bill presented by the Ministry of Commerce and Industries (Mici) to the National Assembly contemplates, among other things, […]

July 31, 2018

In Panama City’s booming colonial core, locals fight to stay


News from Panama

Esther Marina Sanchez has watched her neighborhood — the heart of Panama City — transformed by its designation as a UNESCO world heritage site. Tourists and well-heeled Panamanians now stroll the paving-stone streets among gaudy hotels, fancy restaurants and trendy discos that have popped up in once-dilapidated colonial-era buildings. Gone are the gangs, the decay […]

July 31, 2018

Chinese consortium to build fourth Panama Canal bridge


News from Panama

A group formed of China Communications Construction Co Ltd (CCCC) and China Harbour Engineering Company Ltd (CHEC) won a $1.42 billion contract build the fourth bridge over the Panama Canal, Panama’s government said. The 6.5-km (4-mile) bridge will have six car lanes and a two-way metro line. The Chinese companies initially won the contract in […]

July 31, 2018

Wine Market in Panama in 2018


News from Panama

In the first three months of the year, companies in Panama imported $5 million worth of wine, 4% more than in the same period in 2017, and 50% came from Chile and Spain. Figures from the information system on the Wine Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData. Variation of imports […]

July 31, 2018

Panama Subway: Tender for Extension of Line 1


News from Panama

A tender has been launched to design and build works that include the extension of Metro Line 1 to Villa Zaita. Panama Government Purchase 2018-2-80-0-08-LS-001760: “Requirements are for design engineering services, construction of civil works, auxiliary line installations and stations, and interfaces with integral rail system for the extension of Line 1 of the Panama […]

July 31, 2018