Panama says it’s halving the maximum time for tourism visits by people from Colombia, Venezuela and Nicaragua to 90 days. President Juan Carlos Varela’s announcement of the plan Friday comes amid concerns that many visitors have been staying on in Panama after coming as tourists. Panama will also seek to verify that people seeking […]
For those searching for the seclusion of an island but quick access to city life, Hacienda La Perla on Isla Contadora off the coast of Panama could be just the place. The eight-bedroom, 11-bathroom abode is being offered without reserve in an auction by Concierge Auctions on Wednesday. The current listing price is $3.95 million. […]
At a press conference and in the face of continued exchange rate hikes, a Central Bank executive in Costa Rica said that if the public wanted to continue buying dollars, they had billions there. This morning on Thursday, May 25, the price of a dollar 600 colones at some bank windows surpassed, dropping back to […]
Between $91 million and $138 million is the range of proposals presented in the tender to build and operate a wastewater treatment plant in Arraiján Este, a trunk system and its interconnections. The tender consists of designing, constructing, operating and maintaining a wastewater treatment plant in Arraiján Este, a trunk system and its interconnections, and the operation […]
A group of 40 tourism companies and travel associations in the United States sent a letter to president Donald Trump Wednesday urging him not to reverse the normalization of trade relations with Cuba, a process that began in 2014 during the administration of former president Barack Obama. “The demand for travel to Cuba has skyrocketed. […]
Anna Hirtenstein at Bloomberg discusses this new technology. ower-generating kites backed by Royal Dutch Shell Plc, Schlumberger Ltd. and EON SE will start tests in the U.K. this summer, with the aim of developing a technology that could eventually replace offshore wind turbines. Kite Power Systems, known as KPS, is working on a 17-meter device […]
Between $10.6 million and $12.9 million is the range of proposals presented in the tender to restore the National Theater of Panama. Construcciones Civiles Generales S.A. presented an economic offer of $12,978,969, Constructora Pirenáica S.A. put forward a proposal of $10,620,000, and Administradora de Proyectos de Construcción S.A. offered $11,700,450. The project consists of the integral restoration of the National […]
Plans are being made to build a hospital in the district of Juan Díaz in the province of Panama, which will be connected to the Mall Town Center del Este. Data from the Interactive System “Construction Projects in Panama“, complied by the Business Intelligence Unit at CentralAmericaData , indicates that Desarrollo Hospitalario Costa del Este S.A. presented an Environmental […]
The text approved by President Varela contemplates an increase of 25% to 40% in tax credits for investment in manufacturing and agribusiness. The law that modifies and adds articles to Law 76 of 2009 and establishes measures for the promotion and development of industry was been worked on jointly by businesspeople from the sector and […]
The number of air routes operating between Panama and Europe grew by 62% between 2013 and 2016, and the number of passengers in transit increased from 373,000 to 735,000 in the same period. The main European destinations that could be flown to from Panama a few years ago were Paris, Madrid and Amsterdam, but recently […]