In the first nine months of the year premium income barely exceeded $1 billion, growing by less than 1% compared to the same period in 2015. The premiums of insurance companies between January and September totaled $1.023 billion, registering a slight increase of 0.8% or $7.7 million compared with the $1,015 million in the same […]
Ecuadorian shipyard Astilleros Navales Ecuatorianos (ASTINAVE) on 10 November announced it is to construct three passenger boats for the Panama Canal Authority, as the yard continues expanding its clientele. For Panama ASTINAVE is to construct vessels that are 16 m long, have 23 kt maximum speed, and are to be delivered in March 2017. This […]
At the close of the 2016 fiscal year, the Panama Canal Authority (ACP) recorded the third-highest annual tonnage in its history, welcoming 330.7 million Panama Canal tons (PC/UMS). A total of 13,114 vessels transited the Panama Canal during the fiscal period from October 1, 2015 to September 30, 2016. Of these, 238 were neopanamax vessels […]
Up to the month of August the balance of the loan portfolio in the banking system amounted to $47.7 million, 9.9% more than in the same month in 2015. Although the latest official census figures on constructions were not very promising, this sector continues to lead the growth of credit in Panama. Up to August, credit […]
The Colombian ports of Cartagena and Buenaventura are Panama’s main competitors in terms of container terminals, the Panama Canal Authority, or ACP, administrator said Tuesday at a business forum. Both of those ports have been improving their installations and increasing their capacity for nearly a decade, since the Panama Canal began its much-publicized expansion, Jorge […]
In addition to the lands belonging to the former employees of Coosemupar, the North American company Del Monte may also be able to use 4,000 hectares in the area that are owned by the state. Depending on what is negotiated in the agreement between the government and Del Monte, the bill for which will be […]
EDITORIAL Only 1 out of the 20 main pollsters, newspapers and television stations in the United States who possessed all the tools needed to properly manage the demographic data and surveys, was right in indicating who the next president would be. Why was there such a tremendous failure? The only explanation is that the quality of […]
“Fuego! Fuego! Fuego!” Sgt. 1st Class Russell Planer shouts through a bullhorn, and four-person teams of Panamanian security forces dash off with their stretchers to locate their “injured” compadre. The teams are participating in an exercise. It’s part of the medical training that Planer runs to improve the agents’ response times and steel them for […]
The National Naval Air Service is preparing tenders for $13 million in 2017 for the purchase of new vessels and aircraft. The amount has already been approved by the Cabinet Council and included in the budget for the Naval Air Service (Senan) 2017. Prensa.com reports that “…For example, as part of the continuity of the improvement […]
To get a really good perspective on Panama History I highly recommend readying Path Between the Seas. I did that 3 months before coming to Panama and is was if I stepped back in history when I first visited the canal. US politics and future foreign policy is currently under intense international scrutiny. Anthony Delano […]