$75 million Real Estate Investment


News from Panama

Plans are underway to build, in a 3,200 square meter lot in Bella Vista, Panama City, a 62 story building for residential and commercial use. The company DAO Panama Development, S.A. submitted an Environmental Impact Study (EIA) to build a mixed building of offices, shops and apartments. The project is called “DAO Panama”, and will be […]

May 23, 2018

Panama says not opening a Jerusalem embassy


News from Panama

Panama has no plans to relocate its embassy from Tel Aviv to Jerusalem even though it holds that west Jerusalem is part of Israel, its President Juan Carlos Varela told The Jerusalem Post. “Panama is keeping the embassy in Tel Aviv,” said Varela, whose three-day trip to Israel from Wednesday to Friday was sandwiched between […]

May 22, 2018

As Construction Workers’ Strike Enters 4th Week, finally they are back to work


News from Panama

The strike by the unionized construction workers has paralyzed over 90 percent of construction projects in Panama. A strike organized by Panama’s Sole Union of Construction and Similar Industries Workers (Suntracs) has entered its fourth week after negotiations with the Panamanian Chamber of Construction (Capac) and finally they resolved their differnces. The decision to reject state arbitration, which would have […]

May 22, 2018

President of Panama visits the UK’s leading culinary school


News from Panama

On Tuesday 15 May, Westminster Kingsway College in London’s Victoria hosted a visit by HE Juan Carlos Varela, the President of Panama, together with Ministers of his Government and Panamanian business leaders. The Government of Panama is improving the quality and relevance of its technical education, and is building a new vocational institute called ITSE, […]

May 22, 2018