Recent progress on two trend-setting projects in Panama City signals the start of a new era in Panama city’s property market. On Ocean Reef, the man-made islands in Panama Bay, construction is underway on Beach Club Residences, the first condominium resort development on the second island. Not far away, work is progressing at a rapid […]
Host nation government officials, partner nation representatives and senior leadership from the hospital ship USNS Comfort (T-AH 20) attended an opening ceremony to mark the beginning of the ship’s medical mission in Colon, Panama Aug. 7. The purpose of the mission is for U.S. service members and medical professionals will work alongside partner and host […]
Panama’s Copa Airlines (CPA.N) on Wednesday reported a quarterly profit of $50.9 million, roughly the same as a year ago, in spite of the prolonged grounding of its most cost-efficient planes, the Boeing 737 MAX, following two deadly accidents. Copa was expecting to receive seven MAX planes since the grounding began, bringing its MAX fleet […]
Panama’s Canal Authority said on Wednesday that the canal was operating normally and without delays, adding that no ships had been detained in the trade waterway. The entity posted the statement on Twitter in response to a tweet from Venezuela’s Vice President Delcy Rodriguez, who said a ship carrying 25,000 tonnes of soy had been […]
Former President Ricardo Martinelli of Panama has been found not guilty of political espionage after he was accused of spying on 150 people, including politicians, union leaders and journalists during his administration, and a court ordered his release. The verdict read on Friday by a tribunal judge said that prosecutors had “failed to prove” their […]
Finca Alto Quiel This building site is located in Alto Quiel about 15 minutes from town and the entrance is directly across from Hotel Finca Lerida. The topography is mostly flat falling off at the end providing for spectacular views across a large valley to the mountains. There is a stream on the property and […]
Republic of Panama executed its offering of $1.25 billion aggregate principal amount of 3.160% Global Bonds due 2030 and $750 million aggregate principal amount of 3.870% Global Bonds due 2060. The combined offering of US$2 billion aggregate principal amount of Global Bonds represents the largest single-day public offering of sovereign debt in Panama’s history. Citigroup […]
An eye-opening experience. That’s how University of Nebraska at Kearney students describe their recent medical outreach trip to Panama. Twenty-one members of the UNK chapter of Volunteers Around the World traveled to the Central American country to work in mobile medical clinics that provided free care and medication to more than 300 patients. “I think […]
A bill to modify the law that regulates public contracting was presented, which contemplates among its changes to benefit micro, small and medium enterprises, with smaller purchases at the national level. According to the Minister of Finance, the current regulation does not have mechanisms that allow price analysis, market investigations, citizen complaints, participation of civil […]
Building specialized docks for the auxiliary marine industry and increasing the capacity to deliver quickly by air are some of the challenges that Panama will face in the coming years. The Panamanian economy depends heavily on the logistics sector, but currently faces new challenges because of the increasing competition from other regional players who offer […]