In order to attract tourism from Costa Rica, in the Panamanian province of Chiriqui, investments have been made in the construction of new shopping centers and the expansion of some existing ones. In addition to plans to modernize the border crossings between the two countries, whose works will favor the transit of tourism, businessmen estimate […]
Our world got a new glimpse of Theodore Roosevelt in November of 1906 when he did what no other sitting US president had done – visit a foreign country. Roosevelt’s history-making excursion to Panama was to witness the progress of the Panama Canal. TR’s 17-day trip to Panama and Puerto Rico allowed the president to […]
Not every country in Latin America is aflame. Panama is flourishing. The expanded Canal is a critical node of global trade and may at some point be expanded again. The economy has averaged almost 6% annual growth since the restoration of democracy, and yet another free and fair election and peaceful transition of power in […]
In Panama, the authorities ordered a temporary special agricultural safeguard measure to be applied to imports of beef other than prime and choice beef originating in the United States. The Ministry of Commerce and Industries (MICI) indicated that this special safeguard, which will be in effect until December 2019, is because imports of this product […]
Richard Burns at Latin Trade interviews Panama President Laurnetino “Nito” Cortizo. One hundred days into his presidency, Laurentino “Nito” Cortizo sat down with Latin Trade/Latin Trade.com editorial board chairman Richard Burns to explain why he’s optimistic about fulfilling his election promises. By Richard Burns Panamanian President Nito Cortizo talks proudly of how his nomination came […]
Because of the financial problems it faces, the Superintendence of Insurance and Reinsurance of Panama ordered the forced liquidation of La Floresta de Seguros y Vida. “The forced liquidation of the insurance company La Floresta de Seguros y Vida, S.A. has been ordered at 9:30 a.m. on November 18, 2019, based on the regulation that […]
Chiquita Brands International has invested in the infrastructure and yard equipment of Puerto Almirante in Panama specializing in the movement of containerized cargo for the region. Puerto Almirante is located in Bocas del Toro province in the western side of Panama close to the border with Costa Rica. The distance to the border with Costa […]
When the Panama Canal was nearly completed, in April 1914, Sunset magazine editor Charles Kellogg Field jeopardized the future of his magazine—and his personal liberty—by publishing photographs and a story about the canal’s military defenses. The article’s title alone ignited a national firestorm: Can the Panama Canal be destroyed from the air? Three months […]
At the beginning of the Cortizo administration the quantity of products with controlled prices in Panama was reduced from 22 to 14, and from January 1, 2020 the list will decrease to 7. The gradual elimination of price control has been one of the actions that has strengthened the Cortizo administration, because since July 7, […]
A consortium led by South Korea’s Hyundai Engineering & Construction Co 000720.KS presented the most competitive bid to a tender for building the third subway line in Panama City, authorities said on Monday, beating two Chinese rivals. Beijing has long courted Central American nations with infrastructure financing and investment, angering Washington. Though Panama’s new President […]