Trump’s Panama Problem


News from Panama

Ricardo Martinelli, the ex-president of Panama facing extradition on corruption charges, helped him launch his first international property. Fast Company posted this article written by Anna Lenzer It was a big moment for Donald Trump. On July 6, 2011, the future president was beaming as he celebrated the opening of his first international real-estate deal, […]

March 14, 2017

US Border Mistake Could See Over 200,000 Acres Returned to Mexico


News from Panama

Oooops!! A mistake in the border lines between Mexico and the United States could see over 200 thousand acres returned to Mexico. Chihuahua Senator Patricio Martínez García said 214,381 acres considered US territory since the 19th century actually belongs to Mexico. So far, there has been no proposal that will lead the United States to address the territorial error, […]

March 14, 2017

Panama Canal Sets Back-to-Back-to-Back Tonnage Records


News from Panama

The Panama Canal set yet another daily tonnage record in February 2017 with a total of 1,180 vessel transits totaling 1.18 million Panama Canal tons (PC/UMS). The previous record was established the month prior in January 2017 when the Canal recorded a daily tonnage average of 1.16 PC/UMS. The daily tonnage average accounts for vessels […]

March 14, 2017

Incivility needs a time-out


News from Panama

I do love getting emails from Lori ever sense I read one that went viral called  The Death of Common Sense – THE PANAMA PERSPECTIVE 2016.  This time she speak out about how our society has changed and I have often said, it changed since the 1960s and I am afraid it will never get better.  Furthermore, […]

March 13, 2017

Nobody Wants to Build the Port in Corozal


News from Panama

None of the pre-qualified companies submitted bids in the tender for the concession of the design, construction and operation of a container port in West Corozal, Panama. From the Panama Canal Authority: The Panama Canal Authority (ACP) reports that Friday was the deadline set out in the request for proposals for the submission of bids […]

March 8, 2017

Money Laundering in Central America


News from Panama

The housing market, casinos, concert halls, and the livestock sector are all used to launder money in Central American countries. Excerpted from the report “International Narcotics Control Strategy Report, Volume II, Money Laundering and Financial Crimes” by the  US State Department: Costa Rica Transnational criminal organizations continue to favor Costa Rica as a base to […]

March 8, 2017

$400 million investment in Thermoelectric Plant


News from Panama

In Panama the Chinese consortium Martano has submitted an environmental impact study to build a 423 MW combined cycle power plant in the village of Puerto Pilon, province of Colon. Data from the Information System on Construction Projects in Central Area Commercial provided by the Business Intelligence Unit at CentralAmericaData, shows that on December 1, […]

March 8, 2017

Call Center Business Loses Strength in Panama


News from Panama

  Staff shortages affect call centers in Panama TODAY PANAMA – The number of jobs in call center companies fell by 37% between 2012 and 2016, due to the difficulty in finding skilled labor for this activity. Limited supply of staff with the skills needed to work in a call center and higher wage demands […]

March 8, 2017