Following the release of our new $1 Balboa is our new quarter. Late in 2016 the nation began circulating a quarter-balboa coin struck by the Royal Canadian Mint and featuring color on the obverse. Inside a colorized circle a pair of workers dig on the canal. Massive steam shovels and their gear teeth also appear […]
AES and Engie have agreed to create a joint venture to market and sell liquefied natural gas to third parties in Central America. The new company will use infrastructure of the Costa Norte LNG Terminal, which is currently under construction in Colón, Panama, owned 50/50 by AES and Inversiones Bahia. The total capacity of Costa Norte LNG Terminal […]
The Tourism Authority of Panama (ATP) and its new agency VML are introducing a new advertising campaign with a unique selling proposition for a country trying to attract visitors: the country isn’t set up well for tourists. The Central American country has few all-inclusive luxury resorts. The region doesn’t offer all-you-can-eat buffets. And Panama isn’t […]
This is an eye opening article posted by Mish Shedlock and one I follow up with by Stephen Hawkings. As I told my wife “when I am gone, I will miss 3 things, you, the kids and global warming!” For decades people have been predicting overpopulation would wipe out energy resources if not the […]
The Committee on Trade and Economic Affairs at the National Assembly approved in a first debate Bill 492, which promotes the use and giving out of reusable bags in commercial establishments in the country. See also : “Purchases and Sales of Plastic in Central America“ The president of the Committee on Trade and Economic Affairs, […]
In other countries taxi drivers are trying to resist the progress that the collaborative economy represents for users, relying on alleged “acquired rights” with the complicity of inefficient governments. In Guatemala, taxi companies have united and launched mobile applications that make life easier for their users. An article on Prensalibre.com reports that “….Under the motto “Times change, we do […]
Avi Mizrahi at Finance Magnates writes of the new crypto currency being traded in Panama Crypto Capital, holders of an international money transmitter license, provide a bridge for regulated Dash to fiat conversion. Dash, the privacy-focused cryptocurrency, is now live on Panamanian broker and cryptocurrency wallet Coinapult, allowing users to trade it against twenty national currencies. Furthermore, Coinapult’s […]
In the first quarter, 14,230 new vehicles were registered, 11% less than the 16 thousand registered in the same period last year. Figures compiled by the Office of the Comptroller General of the Republic indicate that in March there were 5,462 new vehicles, distributed as follows: 2,075 are automobiles, 219 are luxury cars, 1,853 are […]
The formation of new container shipping alliances and their new mix of vessel sharing agreements could have either positive or negative impact on the number of vessel transits through the Panama Canal, though signs are pointing more toward the positive, according to Jorge Quijano, ceo of Panama Canal Authority. Quijano admitted that there are […]