Panama- OPINION: And the rich man drives by


News from Panama

Newsroom Panama posted  this OP-ED article. The Ministry of the Presidency manages the rental of 251 vehicles for an amount greater than $ 10 million. Under less pressing circumstances, this hire wouldn’t be so outrageous. But our officials seem to forget that we are in the midst of a pandemic, that tens of thousands of […]

September 14, 2020

Panama to hold October renewables auction


News from Panama

Selected projects will secure five-year power purchase agreements and will have to begin commercial operation on January 1. Panama is holding the auction because of the effects of Covid-19 on its power system. The government of Panama has outlined the rules for a renewable energy auction to be held next month. Resolution MIPRE-2020-0015448 was published in the […]

September 14, 2020

Panama pulls blind on 100MW solar project


News from Panama

Panama’s public services regulator Asep has canceled the provisional license for a large-scale solar park planned for Panamá province. The license for the 100MW Camarones project was held by Fotovoltaica Sajalices which had filed a request for additional time to submit documents required for the definitive license. The watchdog rejected the extension on the grounds that it was the developer’s fifth […]

September 14, 2020

Copa Airlines resumes operations from Orlando


News from Panama

After five months of disrupted travel service as a result of the Covid-19 pandemic, Panama-based Copa Airlines announced plans to resume operations from Orlando International Airport. Initially, Copa will operate up to four weekly flights connecting from Orlando via Tocumen International Airport in Panama on:  Sept. 4: Santo Domingo, Dominican Republic; Quito and Guayaquil, Ecuador; and Panama […]

September 14, 2020

Let Me Share Our Plan B With You


News from Panama

We have been asked by several people to share Our Plan B.  It started in 2006 and evolved since then. It is still evolving today, changing as our environment does. Let me begin by telling you what I did.  I started with my Plan B in 2006 as I saw another wave of recession indicators […]

September 14, 2020

Do you have a Plan B?


News from Panama

There’s been a pretty obvious and radical shift in Western civilization. And it’s not one for the better.   Right in front of our eyes, just over the span of a few months government over-regulation and lockdowns have become the new normal. Violent protests and riots are commonplace and the rise of Marxists and Bolsheviks who […]

September 7, 2020

Hospital City: Request to Cancel Contract


News from Panama

Arguing reasons of force majeure, the construction company Fomento de Construcciones y Contratas requested the Panamanian Social Security Fund to unilaterally cancel the contract for the construction of the hospital complex. This mega-project has been delayed for several years. Initially the contract for the design, construction and financing of the Hospital City was awarded in 2011 to the business group Fomento de […]

September 7, 2020

Economic Reactivation: Proposals to Shorten Deadlines


News from Panama

After five months of restrictions on productive activities, the Panamanian business sector proposes to shorten the dates of the “Updated Plan for National-Provincial Reopening” and to set that schedule in September. For the Chamber of Commerce, Industry and Agriculture of Panama (CCIAP), the country is not only experiencing a health pandemic, it is also in the midst […]

September 7, 2020