Tender: $13 million in Recreational Infrastructure


News from Panama

Besides other areas in Panama, our City of David will be getting the second stage of the Metropolitan Park. In Panama, tenders have been launched for construction of a park in Chiriquí, a sports complex in Herrera and a bicycle lane in the district of Panama. Panama Government Purchase 2017-1-35-0-06-LV-006886: “Study, design, renovation, construction and equipment of the Olmedo Sáenz sports complex […]

September 4, 2017

The Risk of Money Laundering in Central America


News from Panama

Panama and Nicaragua are among the ten countries in Latin America with the highest risk of money laundering, according to the Basel Institute of Governance. The anti-money laundering index (AML) prepared by the Basel Institute of Governance places Panama in fourth place in the list of countries with the highest risk of money laundering and financing of terrorist activities […]

September 4, 2017

Panama and Rising Construction Costs


News from Panama

An increase in the cost of construction permits, new rates for services from public entities and a more expensive labor force explain a large part of the increase in real estate sales prices. The guild of construction companies in Panama states that prices for homes, shops and apartments are so high that in many cases buyers can not afford them. The increase, they say, […]

September 4, 2017

Panama: Progress on Metro Line 3 Project


News from Panama

The evaluation committee has completed a review of the nine proposals submitted by the prequalified companies for the design and construction project for Metro Line 3. From a statement issued by Metro de Panama: The Evaluation Commission, which is responsible for reviewing the technical proposal for the international prequalification of the “Design Engineering Project, Construction of Civil Works, […]

September 4, 2017

Here’s to you, Texas by Lori Borgman


News from Panama

I can remember living in Miami after Andrew hit us hard and all seemed lost.  Slowly we came back and people were stopping at intersections where lights were down and motioning for their neighbor to go first.  People gave away ice if they had it and  we held huge neighborhood cook outs as the frozen […]

September 4, 2017