Preliminary works on a fourth bridge over the Panama Canal are progressing well, according to information from the national government. The Panama Cuarto Puente consortium, comprised of state-owned firms China Communications Construction Company and China Harbour Engineering Company, which has been tasked with completing the project, is currently conducting topographical and geotechnical studies. The group […]
Newsroom Panama reports on coffee news. The value of Panama coffee exports fell 38.3% to $1.5 million in the first quarter of 2019 largely due to falling prices. Between January and March of 2019, 222,000 kilograms of coffee were exported, 22.7% less than t in the same period last year, according to figures from the […]
Panama Government Purchase 2019-1-35-0-04-LV-007603: “Study, design, demolition, construction and equipment of La Basita fitness center, in the district of David, province of Chiriqui.” Reference value: $5,764,628. Deadline for receipt of tenders: 27 June 2019. See tender. Panama Government Purchase 2019-0-03-0-09-LV-035020: “Study, design and construction and improvements to existing sports facilities in the park of palm […]
A residential complex consisting of 287 homes is planned to be built in the village of Chilibre, Panama, on lots ranging from 200 to 263 square meters. Promotores Unidos, S.A. presented the Environmental Impact Study (EIA) to develop the project called “Villas del Norte”, which will be built on a lot of approximately 11 hectares. […]
Interagency forces seized more than 2 tons of cocaine off Colombia’s Pacific coast. In two combined operations, Colombia, Panama, and the United States seized more than 2 tons of cocaine off Colombia’s Pacific coast in early April. Interoperability work among the Colombian Navy, U.S. Southern Command’s Joint Interagency Task Force South (JIATF South), and the […]
Panamanian President-elect Laurentino Cortizo said on Tuesday his government would review a mining contract awarded to a subsidiary of Canada’s First Quantum Minerals, casting a cloud of uncertainty around a key project for the firm. While the new government values the security of contracts, “the company has to respect that we have the right as […]
Canadian miner First Quantum Minerals said on Wednesday it had “fully complied” with local rules in operating Cobre Panama, one of the region’s largest copper mines, after Panama’s president-elect said he would review the company’s contract. Laurentino Cortizo, who takes office in July, said on Tuesday that the government was entitled to go over the […]
The decision of the Legislative Assembly to not endorse the bill that seeks to approve the contract between the government and Minera Panamá, shows the fragility of the contracts between the Panamanian state and companies. The obstacles to the mining project date back several years, since the legal dispute began in 2009, when the Environmental […]
In the country during 2018, foreign sales of fertile eggs, whose main destination is Central America, reached $6.9 million, 32% more than what was reported in 2017. Figures from the National Association of Poultry Farmers of Panama (Anavip) detail that between 2017 and 2018, exports increased by $1.7 million, going from $5.2 million to $6.9 […]
Panama’s new president faces daunting struggle against corruption. Panama’s new president, Laurentino Cortizo, vowed to crack the whip on the country’s endemic corruption and boost FDI, but he faces big challenges to achieve those goals as he starts his five-year term in July. “Panama is the fastest-growing economy in all of Central America, but it […]