Panama’s President Laurentino Cortizo said he’ll refuse to sign a law regulating the use of cryptocurrency until it contains tougher anti-money laundering controls. The nation’s legislative assembly passed the bill last month, which would make it easier for cryptocurrency exchanges to obtain licenses to operate in the country, and regulates transactions in digital currencies. But […]
The government of Panama and energy companies, including SGP BioEnergy, plan to develop a major, advanced biorefinery to increase supply of lower-carbon aviation fuel, the companies said today (May 18). The move comes as the airline industry seeks to achieve a goal of zero net carbon emissions by 2050 and as governments worldwide are pressing […]
After El Salvador’s move to give Bitcoin a legal tender, the National Assembly of the Central American country, Panama, passed a bill on Thursday to enact regulations for the commercialization and use of cryptocurrency in the republic. If the President of the National Assembly, Laurentino Cortizo, approves the bill, private and public companies would […]
Jackie Wyer says goodbye to Patrick Van der Zijden, skipper of the Zhuhai, one of 10 70-foot-long ocean yachts that departed Seattle on Saturday for the next leg of the Clipper Round the World Race. They’ll arrive in Panama in about a month. Van der Zijden, who is Dutch, has logged more than 200,000 nautical […]
According to the coordinator of the National Immunization Program (PAI), Yolanda Slocum de Hewith, so far 8,022,785 injections have been administered to fight the disease caused by the SARS-CoV-2 coronavirus. Of this total, 3,459,000 people have received the first dose; 3,630,000 the second dose, and 1,491,000 were immunized with the booster. In the case of […]
Public investment in science, technology and innovation in Panama is barely 1 percent of the Gross Domestic Product, which is insufficient according to experts. Data from the National Secretariat of Science, Technology and Innovation (Senacyt) indicate that in the isthmus about 0.13 percent of GDP is invested in this area. The report states that Senacyt […]
For so many travelers, vacation plans are getting firmed up and the travel industry is preparing for a busy summer like none we’ve seen since the pandemic started. With prices on the rise though, we’ve been noticing some better fares if your trip can wait until the fall – and that’s especially true in some […]
Panama has announced, with immediate effect, the lifting of mask requirements in outdoor spaces and open-air areas. This has been done to provide visitors unencumbered access to the country’s natural wonders. Ivan Eskildsen, minister of tourism, said the decision to ease restrictions came on the back of the improvement of COVID-19 conditions. “Mask removal in […]
Panama may not be the largest export market for U-S pork, but never-the-less, National Pork Producers Council officials say it is an important market. The free trade agreement created ten years ago is about to expire, and NPPC president, Terry Wolters says pork producers want to see the trade agreement continue. Wolters says anytime the […]
The number of migrants crossing the treacherous Darien Gap linking Colombia and Panama more than doubled in the first quarter of 2022 compared with the year-earlier period, led by Venezuelans, Panamanian officials said on Tuesday. In the first three months of the year, 13,425 people crossed the region compared with 5,622 people in the same […]