Although the growth rate is relatively low, it represents a transformation in the Central American air market. Spirit, VivaColombia and Wingo are three of the low-cost airlines that have increased their presence in the market, competing with the airlines that traditionally shared the region’s market. See: “Low Cost Flights Come to Central America“ Elcapitalfinanciero.com reports that “ …According to statistics provided by […]
Following is the transcript of a CNBC interview with Jorge Quijano, CEO, of Panama Canal Authority. Interviewed by Dan Murphy, Correspondent, CNBC, and Bernie Lo, Anchor, CNBC. Dan Murphy: And of course it is a vital component of shipping infrastructure. Let’s bring him in now. It’s great to get you on the program welcome. Now […]
A friend sent me this sneak peek at this video that will become part our official web site for Panama. It is a 3-week journey through Panama, from the Carribean island paradise of Bocas Del Toro through the lush mountain areas around Boquete all the way up to Volcan Baru, further South, from the Azuero peninsula […]
Disney Cruise Line made history on April 29, 2017, as its newly reimagined Disney Wonder became the first passenger vessel to transit the new set of Panama Canal locks. Adding to the previous two sets of Panamax-sized locks is the third Neopanamax-sized one that can accommodate even larger ships than before. The Wonder was […]
Villa 57 has 2 bedrooms, 2 baths and a huge office with built in cabinets on the main floor along with a beautiful kitchen, dining and living room that leads out to the large terrace overlooking the golf course. Downstairs there is a large suite with another bathroom. Total area is approximately 3,665 square feet […]
Elida Moreno writes in Reuters of the recent bail granted to Ramon Fonseca and Jurgen Mossack. A Panamanian court has granted bail to the two founders of Mossack Fonseca, the law firm at the center of the Panama Papers scandal, in a case allegedly tied to a sprawling corruption scandal in Brazil. Following their February […]
Mark Scheinbaum writes in Newsroom Panama about the impact felt in Miami of the trade increase due to the Panama Canal Expansion, I quote” from 2011 to the start of 2017, Miami has gone from number 29 in the world to 6th in the world in relocation of international wealth, and in international cargo rankings during […]
The Aero Expo Panama Pacifico (AEPP) opened today at the Panama Pacifico International Airport (MPPA) in Panama with a ribbon cutting ceremony attended by the newly sworn in General Director of Tocumen SA Carlos Duboy, the General Director of the CAA Alfredo Fonseca and the US Ambassador at 9:30 this morning. The event includes over […]
Only half of the projected number of ships per day are transiting through the new Panama Canal locks due to a lack of staff and infrastructure says the International Organization of Masters, Mates & Pilots (MM&P), a maritime union whose membership not only includes not only officers on U.S.-flag vessels but also mariners who work […]
The co-founder of the law firm at the center of the Panama Papers scandal says the fallout has set off a “thriving” boom in the creation of tax shelters in the United States. Reminds me of what I am reading now, a book called “The Heavens” Juergen Mossack, who partnered with Ramon Fonseca to create […]