Roughly 120 clusters of orchid bee nests were discovered in Panama, during restoration work on a local cathedral. The finding is particularly interesting as the nests hail from the 19th century, offering researchers a unique look at how local ecosystems evolved over time. The cathedral in question is the Catedral Basílica Santa María la Antigua […]
The percentage of total generation that solar power represents in Panama could break the single-digit mark in the coming years if plants under development materialize. Information from public services regulator Asep shows that installed capacity from this non-conventional renewable energy totaled 176MW in May, or 5% of the country’s generation park. At end-June, there were […]
The Tourism Authority informed CCA-Cocige, responsible for building the Convention Center in Amador, the intention to cancel the contract because of critical flaws in the design and infrastructure. The work was originally awarded to HPC Contratas P&V, but in 2016, after work was halted for 24 months because of a liquidity problem, the project was […]
Panama’s tax authorities on January 24 signed the Multilateral Competent Authority Agreement for Country-by-Country Reporting. The agreement is designed to make it easier for countries to exchange country-by-country reports on large multinational firms. The plan to exchange the reports was agreed to by nations in 2015 as a result of the OECD/G20 Base Erosion and Profit Shifting (BEPS) […]
In this Nov. 25, 2018 photo, indigenous men finish the swimming competition during the second edition of the Panamanian indigenous games on lake Bayano, Panama. In terms of surface area, Lake Bayano is the second largest lake in Panama, exceeded only by Lake Gatun.Arnulfo Franco / AP Some brought bows and arrows to show off […]
After the approval of three beef processing plants in Panama by the Chinese authorities, it is expected that in the first months of 2019 the Central American country will begin to export its products. The meat products plants which received the endorsement by the General Administration of Customs of China to start selling their products […]
The FTA with Panama and the agreement with El Salvador, both in the negotiation stage, are part of the commercial opportunities that the Asian nation seeks to consolidate in the region in the short-term. The third round of negotiations to conclude the trade agreement between the Central American country and the Asian nation began in […]
The Panama Canal reached a new milestone Monday after the successful transit of four liquefied natural gas (LNG) ships with a beam of up to 160 feet (49 metres) in a single day through the neopanamax Locks and with it broke the record set on 17 April 2018, when three LNG vessels transited through the […]
Millicom is acquiring a controlling 80 per cent stake in Cable Onda, the largest cable and fixed telecommunications services provider in Panama, Latin America’s fastest-growing economy. The transaction values 100 per cent of Cable Onda at an enterprise value of $1,460 million, with a cash consideration of approximately $1,002 million (subject to customary adjustments). The […]
China is willing to tap the cooperation potential with Panama and make more achievements to benefit the two peoples, said Chinese State Councilor and Foreign Minister Wang Yi Tuesday. Wang made the remarks at a meeting with Panamanian President Juan Carlos Varela while attending the United Nations General Assembly. The care and support from Chinese […]