Central America: Intra-regional trade increased 3%


News from Panama

Trade in goods and services between the countries of the region amounted to $4.792 billion during the second quarter of the year, 3% more than in the same period of 2017. Central America’s total exports reached USD 16,299.7 million in the second quarter of 2018 and increased by 1.7% over the same period last year. […]

October 16, 2018

Turtles in Isla Canas


News from Panama

My friend Jim Wiese posted this video.  The Turtles come to shore each year at Isla Canas on the southern Azuero peninsula to lay their eggs and the beach is protected 24/7 until the process is over.   Thank you ANAM! Click on the picture above to view the video.

October 16, 2018

Hospital Infrastructure: $15 Million Tender


News from Panama

The Department of Health of Panama tenders the studies, designs and construction of the new health polycenter of Canto de Llano, in the district of Santiago, province of Veraguas. Panama Government Purchase 2018-0-12-0-09-LV-025344: “A new polycenter will be built in Canto del Llano and the existing health center will be totally demolished. The new polycenter […]

October 9, 2018

Fragile Legal Certainty


News from Panama

Adverse court decisions against companies, social and political conflicts and fiscal issues are some of the factors that are impeding the development of productive projects in Central American countries. One of the latest court decisions affecting companies with investments in the region was that of Minera Petaquilla, in Panama. The contract that this company had […]

October 9, 2018

Panama: Health System Modernization


News from Panama

Adapt the country’s sanitary norms to international standards and unify food import and export systems is part of the plan proposed by the Varela administration. In order to take advantage of commercial agreements and increase exports to the European and North American markets, the government is working to consolidate its health systems. The Panamanian Association […]

October 9, 2018

Better prospects on the economic horizon


News from Panama

“Despite temporarily slowing in 2018, the Panamanian economy is poised for a rebound in the near term and will remain among the most dynamic in Latin America.” What the International Monetary Fund (IMF) said about the slowdown suffered by Panama’s economy is not a surprise, considering what the indicators have been showing over the past […]

October 9, 2018

Panama: Increasing supply of apartments


News from Panama

At the end of the first half of 2018, the inventory of apartments in the country’s capital reached 17,871 units, 5% more than reported at the beginning of the year. At the end of the first half-year, the absorption of units of apartments built and in progress has decreased, from 92.3% to 87.4% in the […]

October 9, 2018

Three proposals to extend Metro Line 2


News from Panama

Acciona Construccion and the Consortia Linea Aeropuerto and Linea 2 Ramal presented their proposals to design and build the branch that will connect the future Instituto Tecnico Superior del Este with the Tocumen international airport. The contract contemplates the design engineering services, construction of civil works, auxiliary line installations and stations, and interfaces with the […]

October 9, 2018