CIFI and BID Invest authorized a loan for West Report S.A. to develop, build and operate a hotel complex in Bocas del Toro. The new hotel, which will have 118 rooms, several restaurants, a spa and other meeting places for its guests, will be operated under the brand name Viceroy Hotels and Resorts, reported CIFI. […]
Changing the model of progress by betting on more complex and higher value-added activities, without restricting the entry of qualified foreign labor, is part of what the Panamanian business sector proposes to boost long-term economic growth. In a statement, the Chamber of Commerce, Industry and Agriculture of Panama (CCIAP) reflects on the need to […]
Panama made modifications to the reimbursement plan for Panama Canal transits by cruise lines that establish homeport operations in the country, These incentives were announced by the Panama Tourism Authority in June 2019. Panama made modifications to the reimbursement plan for Panama Canal transits by cruise lines that establish homeport operations in the country, These […]
Grupo Carso announced the acquisition of the total shares of Ideal Panama, a company operating two hydroelectric plants with a combined capacity of 145 MW. The amount of the transaction was $152.6 million, according to a relevant announcement published by the Mexican Stock Exchange. The announcement states that “… Grupo Carso S.A.B. de C.V. informs […]
In the heated jungles of Central America in the early 1900s, thousands of workers toiled in the rain and mud trying to cleave Panama in half in order to join the Pacific Ocean with the Caribbean Sea. The difficult, dirty work involved more than digging and dynamiting, though. Working on the Panama Canal in the […]
PANAMA’s cabinet has approved the construction of a 2km extension of Panama Metro Line 2 to Tocumen Airport at a cost of $US 42.7m. The extension will also serve the Specialised Higher Technical Institute (ITSE) and will benefit more than 5000 students, 8000 airport employees and the thousands of tourists visiting Panama. The cabinet authorised […]
When trying to decide what eco-tourism activities in Panama are worth doing, keep this list in mind. Panama is ecologically diverse and full of life. As a tourist destination, Panama is still an untouched gem. The capital, Panama City, is a bustling metropolis with almost two million residents and one of the most modern cities […]
French containership giant CMA CGM is partnership with the hydrogen-powered vessel project Energy Observer to study and promote the zero-emission fuel within the shipping industry. Click on the picture to see the video Launched in 2017, the Energy Observer is the first hydrogen powered-vessel to embark on a round-the-world voyage. The “green” hydrogen used by […]
An office and commercial tower is planned to be built in the town of San Francisco, Panama. According to the interactive platform “Construction in Central America” of the Trade Intelligence Unit of CentralAmericaData, Mega Desarrollo Urbano, S.A. submitted to the Ministry of Environment the Environmental Impact Assessment (EIA) to develop the project called “A.M.W. […]
Geisha coffee, a speciality coffee grown in the northern Panama region of Boquete, is considered to be the most expensive in the world — in 2019, the bean broke all records by selling for over $1,000 a pound at auction — and every year it attracts coffee-loving buyers from as far as South Korea. “We’re […]