Nestlé’s announcement that it will stop buying C-grade milk from producers from Veraguas reflects the growing loss of market share for local milk to imported products. Growth in imports of milk and its substitutes continues to take away market share from Panamanian milk producers. In the case of Nestlé Panama, the company reported that “imports of milk substitutes by […]
In a ceremony Friday, the group swore allegiance to the Spanish Constitution and the king, the local news website Telemetro reported. Spain passed a law passed two years ago that allows the conferring of citizenship on those who prove to be descendants of Jews expelled from the country in 1492. The ceremony “is an act […]
Private companies and the municipality of Panama City are developing a plan to offer tourist activities in the capital to passengers who are in transit through Tocumen airport While tourism and hotel operators are still looking for alternatives to improve the sector’s sluggish figures, the municipality of Panama intends to develop a plan that encourages passengers who are waiting for […]
Ships navigating the Panama Canal are required to pay tolls along their route. In 1928, 14 years after the canal’s opening, a man named Richard Halliburton finagled a way to navigate the channels for a great deal. Here’s how he did it.
By Bloomberg News (Bloomberg) — Liu Jing wakes at 7, feeds her 84-year-old mother and two-year-old grandson and then spends the day watching the boy play in the playground, with breaks for meals and his afternoon nap and perhaps a little TV in the evening. That’s not unusual for a Chinese retiree, many of whom […]
Plans are underway to build a 40,000 square meter aluminum container factory in the province of Panama, including an industrial building, production lines, warehouses and administrative offices. Data from the Interactive System “Central American Construction Projects”, compiled by the Business Intelligence Unit at CentralAmericaData, shows that Envases Universales Ball de Panamá, S.A. submitted an Environmental Impact Study (EIA) to the Panamanian Ministry […]
The Superintendency of Banks has denounced the fact that the entity offering loans and other financial services, has no authorization to do so. From a statement issued by the Superintendency of Banks in Panama: The Superintendency of Banks considers it necessary to inform the public that an entity named “ASOBANK”, which offers to grant loans through advertisements in […]
The Central American waterway saw 1,016 vessels pass through its locks for the month, a year-over-year increase of 7 percent from April 2016, according to data from the Panama Canal Authority. The Panama Canal in April 2017 saw vessel transits increase 7 percent to 1,016 ships compared with the same 2016 period, according to the […]
After landing nonstop flights to Iceland and Frankfurt, Pittsburgh International Airport is turning its eye south to Panama. The Allegheny County Airport Authority is talking to Copa Airlines about starting service to Panama City. Christina Cassotis, the authority’s CEO, has had conversations with the airline about flights between Pittsburgh and Panama City, spokeswoman Alyson Walls […]
A judge on Tuesday extended the house arrest conditions for former Panamanian strongman Manuel Noriega to one year following his surgery to remove a benign brain tumor. However, Judge Katherine Pitti, who made the ruling in a western province, denied a request to allow the 83-year-old Noriega to finish his sentence under house arrest. Noriega […]