Panama: Local Consumption Strengthens


News from Panama

According to estimates, Panamanian consumers are now more likely to buy from establishments close to where they live than they were a year ago. According to a survey conducted by the credit card company Mastercard, in the current business scenario that emerged in an accelerated manner due to the covid-19 outbreak, 85% of buyers in Panama are focused on spending money […]

November 9, 2020

MercadoLibre beats estimates on pandemic-driven online shopping boost


News from Panama

MercadoLibre Inc MELI.O, Latin America’s top e-commerce firm, reported better-than-expected third-quarter revenue and profit on Wednesday, helped by a surge in online shopping and digital payment transactions during the COVID-19 pandemic. The company’s U.S.-listed shares, which have surged over two-fold this year, were up nearly 3% in extended trading. The company, whose market capitalization has doubled […]

November 9, 2020

$20 Million in Residential Building Improvements


News from Panama

In Panama, tenders have been invited for the rehabilitation, maintenance and improvement of 71 multi-family housing buildings, located in the district of Barrio Norte and Cristobal Este, in the district of Colon. “The Contractor shall supply all labor, management, materials, energy, lighting, fuel, water, tools, instruments, equipment, supplies and other means of construction necessary or appropriate for the execution and completion […]

November 9, 2020

Panama wind farm secures Central America grid nod


News from Panama

Central America power interconnection commission CRIE has authorized Panama wind farm Toabré to connect to the regional transmission grid (RTR). The authorization is for the 66MW first phase of the 110MW project which belongs to developer Parque Eólico Toabré. CRIE said that the proposed connection fulfills all technical, legal, and environmental requirements, and does not put RTR’s stability at risk. […]

November 9, 2020

Panama: Helping the rainforest help the Panama Canal


News from Panama

Watch the video here Green investment in agroforestry is helping restore Panama’s forests, and the country’s famous canal could benefit, too. Project goal: To restore 1,450 hectares (3,580 acres) of degraded farmland on Panama’s Caribbean coast through agroforestry, making the soil resilient to erosion and helping it retain scarce water Project duration: The 1,450 Finca Cuango property will contribute […]

November 9, 2020

Experience the wonders of Panama on this virtual tour


News from Panama

Welcome to Panama From jungles to beaches, skyscrapers to colonial villages, the Atlantic to the Pacific, Panama never ceases to impress. Find out why this nation of just over four million people has become one of Central America’s hottest destinations on this virtual tour. Photo courtesy of Panama Tourism Authority (ATP) Panama City Panama City, […]

November 9, 2020

Oportunidad de inversión


News from Panama

Este hermoso condominio está ubicado en Los Molinos y tiene una de las mejores vistas. Numerosas ventanas aseguran mucha luz natural. Consta de más de 1.300 pies cuadrados y tiene una suite principal con baño en suite y un dormitorio de invitados junto con un baño de invitados. El vestíbulo es espacioso y bien decorado. […]

November 6, 2020

Panama- Jailed Revenue boss moves to house arrest


News from Panama

Luis Cucalón,  the former head of the General Directorate of Revenue (DGI),  who spent two years avoiding trial for corruption by remaining in a high-end hospital  will finish his 86 month jail term under house arrest His lawyer Ángel Calderón said that, after 72 months of detention in the case of Cobranzas del Istmo, Cucalón applied […]

November 3, 2020

Panamanians demand an end to the US blockade of Cuba


News from Panama

Panamanians in solidarity with Cuba have demanded from the United States government the ‘immediate and unconditional end’ to the ‘criminal and unilateral’ blockade of the island, intensified today with aggressive measures by the current Donald Trump administration.   The Coordinator of Solidarity with the island in its annual virtual meeting, demanded that the U.S.government ‘ends […]

November 3, 2020