Faced with the decline in commercial activity in the Panamanian Free Trade Zone, its directors are looking for new business opportunities in markets in the Caribbean. In the first seven months of 2019, commercial activity in the Colon Free Zone (ZLC) totaled $10.782 million, 14% less than in the same period in 2018. Imports totaled […]
Commercial entities of Cuba and Panama signed a collaboration agreement to enhance the exchange between both countries. The agreement, signed between ProCuba and ProPanamá in the Central American country, would allow benefits in sectors such as biotechnology, agriculture and tourism, Prensa Latina (PL) news agency reported. These institutions are devoted to the promotion and boosting […]
The Panama Canal has generated revenue of 16.818 billion dollars as direct contributions to the country’s treasury in the last 20 years, following the recognition of its sovereignty over the zone by the US on December 31, 1999. The Panama Canal Board of Directors (JDC) approved Thursday the delivery to the National Treasury 1.786 […]
The European Commission has notified the Republic of Panama about the risk of being identified as a non-cooperating country in the fight against illegal, unreported and unregulated (IUU) fishing. The Republic of Panama had already received a yellow card in November 2012, which was then lifted in October 2014. Commissioner for Environment, Maritime Affairs and […]
A proposed US$500mn electricity link between Colombia and Panama received a boost on Thursday with the approval of funds for design, technical and environmental studies. In a statement, Colombian state-run transmission group Interconexión Eléctrica (ISA) said it received a US$500,000 non-refundable loan from the Washington-based Inter-American Development Bank (IDB). Interconexión Eléctrica Colombia Panamá (ICP), a […]
When a disaster strikes, many factors can come into play as different agencies and organizations try to respond. From emergency first responders to non-governmental organizations, to military and public forces – everyone wants to lend a helping hand. Sometimes, however, those components may not have the right capabilities or simply may not have the right […]
The challenge for the relationship between Panama and Europe is to look beyond the issue of fiscal transparency, in order to advance together in commercial, digital and environmental issues. After Panama was included in the European Union’s list of non-cooperating countries in fiscal matters in December 2017, in March 2019 it was reported that in […]
First Quantum Minerals subsidiary Minera Panamá said it fully conforms with Panamanian laws after legal complaint was lodged against eight company executives. Lawyer Guillermo Cochez claims Minera Panamá officials engaged in illegal influence peddling, local daily La Estrella de Panamá reported. The accusations are based on leaked WhatsApp messages between company chiefs and government leaders, […]
The Social Security Fund of Panama tenders the service of updating, implementation and integration of the processes of storage, distribution and final dispensation of medicines at the national level, for a four-year term. Panama Government Purchase 2019-1-10-0-99-LV-356528: “The purpose of the services to be contracted is to train the human resources of the Social Security […]
Artisanal and industrial fisheries of the Pacific coast of Panama regularly exploit at least 18 shark species. Sharks play a critical role in keeping oceans healthy, balancing the food chain and ensuring species diversity. However, the demand for shark derivatives has led to their exploitation, often without appropriate management strategies in place. In an assessment […]