Two companies presented proposals for the public tender for the best value of the maintenance and rehabilitation project of the Centenario bridge. The fixed reference price reaches $5.6 million and the proposing companies were the CAA Centennial Bridge Rehabilitation Consortium (Centroequipos S.A., ARD Engineering INC., ATP Electronics, S.A.) with the sum of $ $6.2 million and […]
The President of the Republic of Panama, Laurentino Cortizo, inaugurated this Thursday the David International Fair, in the province of Chiriquí, which will be held until next March 26. During the event, the president authorized the investment of $3.3 million so that this year, through the “A Better Stallion” program, 1,200 milk and meat bulls […]
Panama’s government approved a 20-year loan deal worth nearly $626 million with the Japanese government aimed at continuing work on a second phase of a major public transit line southwest of the capital, officials announced on Thursday. The Line 3 metro system covers 14 train stations stretching across 17 miles (27 km) and the work […]
The idea had been bandied about for decades, but in January 1880 a bold French team finally embarked on one of the most ambitious projects of all time: building a shipping canal through the Panamanian jungle to connect the Atlantic and Pacific oceans. But in less than a decade the French canal company had gone […]
Panama’s economy grew 13.5% last year compared to the previous year, the Central American country’s comptroller general said on Thursday, reporting a gross domestic product (GDP) landing at 76.52 billion Panamanian balboas ($76.5 billion). “Economic activities continued to recover during the year, thanks to the pandemic coming under control, allowing for the total opening of […]
Panama’s risk of contagion from banking woes in the United States and Europe is “very limited”, an official with banking regulator SBP said on Thursday, adding that local lenders have no exposure from interbank deposits or other investments. “We can count on a very solid banking system,” Amauri Castillo, an SBP superintendent, said at a […]
The production of alcoholic beverages in Panama continues to increase, according to the figures of the Office of the Comptroller General of the Republic (CGR), shared by the National Institute of Statistics and Census (Inec), at the beginning of this month. 2022 ended with 273,731,253 liters (L) produced, a figure that exceeds the 272,101,463 L […]
A court in Panama approved on Tuesday to apply a delinquency rate of 5%, equivalent to more than $916,000, to the Brazilian company Odebrecht, for not paying the annual fee of the $220 million fine imposed on it in 2017 after the bribery scandal in that country. The court made the decision at a hearing […]
On March 2, 2023, during the opening ceremony of the 2023 Our Ocean Conference, Laurentino Cortizo, President of Panama, and Milciades Concepción, Minister of Environment, signed the decree to substantially expand the limits of the Banco Volcán Area of Managed Resources (Banco Volcán AMR) to further protect and steward important marine ecosystems, endangered flora and fauna, and important […]
Committed to protecting the present and future of the environment, the financial institution BAC will launch its BIO card in Panama on March 10. It is of natural origin, made of inedible corn, which at the end of its useful life and is returned to the established points of BAC, will be composted, returning to […]