What I am watching now


News from Panama

Thanks to Royal Marines LLC for setting up a very successful exercise testing the capability of the Gravity Jet Suit to support RM boarding ops. Huge effort from 42cdo, 47cdo, HMS Tamar, Qinetiq and DSTL. The footage speaks for itself. click on the above pic to watch. Jet suits, jetpacks, jetboards … The new range […]

May 4, 2021

Chiquita counts cost of Panama strike


News from Panama

Walkout was over multinational’s decision to install security cameras. Banana workers at Chiquita’s farms in Bocas del Toro, Panama have called off a strike in protest at the installation of security cameras in plantations and packhouses after the multinational agreed to remove the cameras. The walkout, which lasted for more than two weeks, came to […]

May 4, 2021

Can DEA Dismantle Panama’s Top Gang?


News from Panama

US counterdrug agents and authorities in Panama have recently targeted one of the country’s largest gangs, revealing its ability to coordinate drug shipments northward. But the group, known as Bagdad, may not be able to withstand the pressure. After an investigation lasting over a year, Panama’s security forces and the United States Drug Enforcement Administration (DEA) have […]

May 4, 2021

Tender for Advertising Campaign in Panama


News from Panama

Social Security Fund tenders service, management and distribution of media advertising for the Covid-19 vaccination campaign. Panama Government Purchase 2021-1-10-0-08-LP-407428: “General objectives: -Promote the vaccination campaign to avoid complications from the virus contagion. -Communicate the importance of following biosecurity measures. -Provide recommendations and positive actions that contribute to the improvement of the health of the population that goes through different […]

May 4, 2021

Law Threatens Stability of the Electricity Sector


News from Panama

Empresa de Transmision Electrica de Panama warns that Bill 342, which was approved in the first debate in the Assembly, threatens the stability of the local electric sector by delaying and making it impossible for electric projects to enter into operation due to the lack of transmission lines. In note No. ETE-DAL-029-2021, sent to the […]

May 4, 2021

Panama Canal aims to be carbon neutral by 2030


News from Panama

Authorities launch plans to create a greener canal, including a pilot program utilizing electric vehicles and alternative fuels to power equipment. The Panama Canal is advancing its sustainability goals, with plans to become carbon neutral by the end of the decade, canal officials said this week. The Panama Canal Authority said Monday it has launched a […]

May 4, 2021

Panamanian Banks: 1H21 Review and Update


News from Panama

If you are going to deposit money in a bank in Panama, do your homework.  While rates stay strong at 3 to 5%, be careful.  I am opting for Banco General is one of the best banks and strong compared to some of the others.  I have also noticed a decline in service like Scotiabank […]

May 4, 2021

A permanent residency is created for investors in Panama


News from Panama

Through Executive Decree No. 722 of October 15, 2020, Panama has created the subcategory of Permanent Resident as a Qualified Investor; It is specifically focused on those foreigners who invest, at least, an amount of $ 500,000.00 from a foreign source, which may be in a personal capacity or through a legal entity, in which […]

May 4, 2021