Just hours after the Seattle Sounders booked their second straight trip to the Western Conference Championship, Sounders defender Román Torres was on a flight to his hometown of Panama City to meet with President of Panama, Juan Carlos Varela. President Varela presented Torres with the national flag and the keys to Panama City, the highest honor a […]
In the Capac Expo fair, 1,824 homes were sold, and the highest number of approved banking transactions corresponded to residences with prices between $40,000 and $60,000. From a report by the Panamanian Chamber of Construction: In the most representative trade fair event of the industry, held from September 13 to 17, a total of 1,824 […]
Oliver Smith writes for The Telegraph in the UK about Panama. It’s Independence Day in Panama. On November 3, 1903, the country seceded from the Republic of Colombia, which it joined more than 80 years before (having previously been part of the Spanish Empire). Here are a few facts about the Central American nation. […]
The 20,170 teu MOL Truth has been registered with Panama, a first for the Registry. “This is a historic moment, as we are registering the first ship of Panamanian flag of 20,000 containers of Japan, in the context of the 100 years of Panama Ship Registry and 40 years of friendship between the cities of […]
Commemorative coins and medals generally celebrate successful endeavors, but a silver medal that Stack’s Bowers Galleries’ Nov. 8 Baltimore auction offers was issued for a grand project that was, in hindsight, a failure. The 1880 medal commemorates the French efforts to build the Panama Canal, an effort plagued by a shortage of engineering input […]
Deep Blue Cable has announced that it would extend its planned Caribbean subsea network to Colombia and Panama, changing its original plan to only roll out a high-speed broadband service in underserved Caribbean countries. The move is an apparent bid to grab a slice of the region’s wholesale telecoms market dominated by Mexican billionaire Carlos Slim’s America […]
The Panamanian economy remains bright because of its strong side, logistics, however as it stands today household consumption is not growing, mainly affected by a cumulative inflation of 38% in the last ten years. There has been a notable increase in the prices of fundamental items in the family basket, such as housing, food, and […]
The first phase of the “Gorgas Campus” project includes construction of the research and biosafety laboratory buildings at levels 2 and 3, the transport warehouse and the water treatment plant and administration area. From a statement issued by the Ministry of Economy and Finance: The National Economic Council today approved a loan agreement with the […]
In 2016 imports of home and office furniture in Panama totaled $127 million, and the value imported from Brazil grew by 4% compared to 2015..” Figures from the information system on the Market for Home and Office Furniture and Accessories in Panama, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAPHIC caption = “Click to […]
The Environmental Impact Study for the 2-kilometer extension of the Metro to Tocumen Airport’s passenger terminal has been approved and the publication of the tender rules for the adjudication of the work with an estimated amount of $125 million was announced. The director of Metro de Panama, Robert Roy, announced that at the end of […]