The deadline for the Panama NG Power to submit a clarification of financial information for the construction of the 670 MW natural gas plant was extended to December 26th. After a judicial ruling was issued in December 2017 allowing Panama NG Power 150 days to prove that it has the economic capacity to develop the […]
In Panama, 77% of companies do not plan to make new investments during the fourth quarter of the year, and 38% do not intend to hire more employees. According to a survey conducted by the Center for Economic Studies of the Chamber of Commerce of Panama, 10% of the companies surveyed expect to increase staffing, […]
The Panamanian government issued $550 million of sovereign debt in the international market, expiring in 2050 and with an average yield of 4.92%. According to information from the country’s authorities, the resources collected will be used to partially finance the investment plan contemplated in the General State Budget for fiscal year 2018. You may be […]
William Hill, HullWiper Vice President (left) and Talleres Industriales Managing Director, Lino Arosemena HullWiper is meeting growing demand for affordable and eco-friendly hull cleaning in the Panama Canal in partnership with Talleres Industriales, S.A., a leading provider of subsea services. It is the latest agreement signed under HullWiper’s global leasing programme introduced in 2017, which […]
On December 28th, 2018, companies which import air conditioning equipment in Panama will have to comply with new energy efficiency standards. inShare The Representatives of the National Secretariat of Energy (SNE) said that as part of the new regulation, air conditioners, central type, window, inverter and split should have a special label, in Spanish language. […]
The company responsible for building the logistics zone, that will operate under the free zone regime at Tocumen airport, expects to start in November. The Mota-Engil Consortium, winner of the tender, has planned to begin in early November the work of land leveling, construction of access roads and installation of public services, for the development […]
The percentage of the population with Internet access in Central America increased 17% between 2016 and 2018, increasing from 44% to 61%. Data from the report “Internet in Central America 2018“, compiled by the Commercial Trade Area of CentralAmericaData: Currently, Costa Rica is the Central American country with the highest proportion of households with Internet […]
Secretary of State Mike Pompeo said Thursday that he had warned President Juan Carlos Varela of Panama about doing business with China, criticizing Chinese state-owned enterprises that engage in “predatory economic activity.” As his plane left Panama City, Mr. Pompeo recounted his talks with Mr. Varela and local journalists. Clearly concerned that Panama could become […]
She spent much of her life in an indigenous village without electricity, using wattles to cross rivers and make it to her school in the poorest region of Panama. The hardships she endured as a child still make her cry. From those humble beginnings, Rosa Iveth Montezuma has become the first indigenous woman to be […]
Join Richard Quest in the video presentation of his visit to Panama. It is very well done and current. Click on the picture above to view.