Panama Gains Online Horse Wagering Approval


News from Panama

Hipódromo Presidente Remón has been approved by the Panama Gaming Control Board (JCJ) to offer online horse race wagering when the racecourse resumes activities on October 1. In order to meet the health protocol, the Panama City facility is also modifying its existing stores for in-person betting. JCJ executive secretary Manuel Sánchez said that “the […]

September 28, 2020

Rayleigh coach feared death in Panama hospital


News from Panama

A SPORTING coach says he feared he could die alone and miles from home as he battled influenza, kidney failure, sepsis and hepatitis in a South American hospital. Craig Webb also struggled to speak to his family from the hospital bed, in Panama, where he lay as he battled the illnesses. The 31-year-old, from Rayleigh, […]

September 28, 2020

Panama raises $2.6 billion in three-part deal


News from Panama

Panama’s Finance Ministry said it went to the bond market on Tuesday, raising $2.58 billion in a three-part deal that mixed cross-border notes with local bonds. The sovereign issuer sold $1.25 billion worth of new 2032 bonds to yield 2.252% and added $1 billion to 3.87% 2060 bonds at a yield of 3.28%. It also […]

September 28, 2020

Courier Services: New Investment in Panama


News from Panama

Correos y Telegrafos of Panama will invest $20 million in its upgrading plan, which will be focused on providing door-to-door service and delivery of parcels from around the world. According to representatives of Panama‘s Post Office and Telegraphs (Cotel), nowadays the packages that arrive to the country from Miami take an average of three days, due […]

September 28, 2020

Panama’s Bocas del Toro Archipelago New Cocaine Seizure Hotspot


News from Panama

Authorities in Panama’s northwestern province of Bocas del Toro have intercepted a string of vessels carrying large amounts of cocaine, a sign that traffickers are using the archipelago as part of long-range Caribbean Sea routes as pandemic border closures hamper overland movement. Panama’s National Aeronaval Service (Servicio Nacional Aeronaval – SENAN) seized almost three tons of cocaine in […]

September 28, 2020

Panama Canal says goodbye to drought


News from Panama

The Panama Canal concluded a long period of drought and is currently offering the Neopanamax ships its maximum draught of 50 feet (15.24 meters), thanks to water-saving measures and recent rains. According to a press release from the Authority of the Panama Canal (ACP), each foot (0.30 meters) of allowed depth accounts for some 330 […]

September 28, 2020

Panama is still an obvious escape hatch


News from Panama

This is a great post from Simon Black at Sovereign Man who has been coming to Panama over the last 17 years as well as numerous countries around the world. At the turn of the 20th century, the United States had recently become the largest economy in the world… and it was showing. The US […]

September 24, 2020