Panama’s bottomless pit


News from Panama

The Special Anti-Corruption Prosecutor’s Office has provided valuable information about Odebrecht. One of the most interesting things that the prosecutors revealed is the fact that the works of the companies have been investigated since they arrived in Panama. In other words, they have not limited themselves to inquiring about the disbursements made by Odebrecht’s Structured Operations Sector […]

January 12, 2021

World Bank forecasts 5.1% Panama rebound in 2021


News from Panama

The World Bank forecasts Panama will be among the leaders in Latin America in an economic rebound in 2021 with a growth of 5.1% in a new edition of the World Economic Outlook report in which it updated its growth projections for the world. The Washington-based organization estimates that in 2021 the global economy will expand […]

January 12, 2021

Spotlight: The status of Panama’s telecom and broadcasting sectors


News from Panama

Panama’s public service regulator Asep has released a report on the status of the telecom and broadcasting industries, shining a light on details about concession processes, among others. The report was recently published on the regulator’s telecom unit’s website and includes data from November 2019 to October 2020. Mobile Asep’s network unit registered 280,259 ported numbers in […]

January 4, 2021

Panama Canal opens 2021 with 50 feet draft offering


News from Panama

A year ago the Panama Canal faced with low rainfall in the basin, had to take measures to maintain operations. It will begin in 2021 offering 50 feet of draft, the highest level for neo-Panamax locks, announced administrator Ricaurte Vásquez Morales in his end of the year message. The service to customers and users of […]

January 4, 2021

Panama Canal administrator’s year end remarks


News from Panama

For one, we secured the continuity of our service by protecting our team and customers first. We introduced COVID-19 safety measures in March to keep the Panama Canal route operating safely and without interruptions throughout the entire year. To date, positive cases have not affected, nor have been linked to, our transit operations, and our staff […]

January 4, 2021

Panama signs agreements with four COVID-19 vaccine makers


News from Panama

Panama has signed agreements with four producers of COVID-19 vaccines to acquire a total of 5.5 million doses, enough for 80% of the population, senior health ministry official Nadja Porcell said on Tuesday. Vaccines from drugmaker Pfizer are set to begin arriving in early 2021, Porcell said in a televised address. Source: Reuters (Reporting by […]

January 4, 2021