Between January and May of this year there were 24,553 new vehicles, 10% less than in the same period in 2016, reinforcing the downward trend seen since the beginning of the year. Figures compiled by the Office of the Comptroller General of the Republic indicate that 5,667 new vehicles were registered in May: 2,095 were automobiles (-17% […]
In Costa Rica, twelve farms are now using experimental technology to reduce the cost of weed control from approximately $250 per hectare to $50. Through the use of small tractors or modified motorcycles which have arms attached to them to perform fumigation, atomization, weed control and fertilization tasks at an early stage, Costa Rica is managing to […]
Paternity leave is on the rise globally as cultural attitudes shift in favor of fathers taking a more active role in parenting. On May 24, 2017, the Republic of Panama became the latest member of a growing group of countries that require paid paternity leave. Law 27 of May 23, 2017, grants three business […]
A year after a new and expanded Panama Canal opened to the world’s shipping industry, for the world’s largest oil tankers the famed 48-mile route still remains too small. According to a report by the research firm Morningstar, “the impact of the expansion on energy shipments so far has varied by commodity.” “Flows of […]
The United States will destroy eight World War II-era chemical bombs it left in Panama decades ago, the government said Friday. The project is supported by the Organization for the Prohibition of Chemical Weapons. The Americans will destroy the eight bombs in late 2017 under an agreement with Panama, the foreign ministry said. This […]
The largest fire in recent years in Panama, occurred in the northern Free Zone of Colon (ZLC), was brought under control with no fatalities reported, although various warehouses were destroyed. General director of the fire department Jaime Villar, who led the works at the site, told the media that the fire started in the […]
The Metro de Panamá has awarded a contract to High Traffic Media for the development, commercialization and administration of an inventory of physical spaces on Line 1, for 10 years. From a statement issued by Metro de Panama: The Panamanian outdoor advertising company High Traffic Media was eventually selected by the Panama Metro following the Best Value tenderprocess for the […]
In Panama a bill has been put to public consultation that establishes a legal framework for developing the activity of importing natural gas, its storage, local distribution and re-export. The bill declares the promotion and development of the provision of a public natural gas service in the country to be of public and national interest. The import, export and re-export […]
The opening of a 120-room Hampton Inn by Hilton hotel in the city of David has been announced for the first quarter of 2019. This is a sign of the explosive growth happening in David including the new stadium and huge new shopping mall. “… Hampton Inn by Hilton David will be located four kilometers from […]
Trump Ocean Club, located in the Punta Pacifica area of Panama City, has been sold for $23.7 million to a new owner, whose name has not been disclosed. The Notice of a Relevant Fact issued by the Panamanian National Stock Exchange (Panabolsa) indicates that Newland International Properties Corp, the developer of the hotel complex, signed a sale contract […]