In Panama, the Varela administration has submitted a bill that aims to raise the limit of public debt by $900 million more than the limit currently established. The Minister of Economy and Finance, Eyda Varela de Chinchilla, presented a bill to the National Assembly to amend Law 34 on Fiscal Social Responsibility and Law 38 […]
Panama recently joined the club of liquefied natural gas, or LNG, buyers, becoming the forty-second country to import the cryogenic resource that is reshaping global industries. The isthmus was already a long-time conduit for international commerce and energy flows, and that role is bound to grow following the 2016 expansion of the Canal to accommodate […]
The Ministry of Health in Panama is putting out to tender studies, designs and development of a preliminary plan and final plan, for replacement of the regional Metropolitan Health Office. Panama Government Purchase 2018-0-12-0-08-LV-025260: “The project includes construction of new buildings for the Regional Metropolitan Health Headquarters of the Ministry of Health, demolition of existing […]
President of Panama Juan Carlos Varela spoke at the Kennedy School’s Institue of Politics and met with Harvard faculty and students from Central America — as well as University President Lawrence S. Bacow — Thursday. Before the Forum event, President Varela met in “a closed door session” moderated by History of Science Professor Gabriela Soto Laveaga with […]
The United Nations says 90% of the world’s fisheries have collapsed, and the Chinese are the biggest culprits. By a long way, China has the world’s largest deep sea fishing fleet including 2,600 mega trawlers stripping the ocean floor. They’re helping satisfy China’s insatiable appetite for seafood. The Chinese eat more than a third of […]
You can run but you will only die tired – saying at sniper school!! Caught ya in Panama!! A Louisiana sheriff says a slaying suspect who fled the country has been arrested in Panama. The New Orleans Advocate reported Saturday that Jefferson Parish Sheriff Joseph Lopinto says 40-year-old Saleh Omar, of Terrytown, has been charged […]
Increased cargo traffic, improving the availability of water for the passage of ships and construction of the rolling cargo port, are some of the challenges the authorities of the interoceanic route face for the coming years. Representatives from the Panama Canal Authority reported that the levels of traffic currently being reported have already reached the […]
Panama is the country where the highest proportion of beer consumption was reported with respect to total alcohol consumed, with 77%, followed by Costa Rica and Guatemala, with 64% and 56%, respectively. The Global Status Report on Alcohol and Health 2018, published by the World Health Organization (WHO), details statistics up to 2016 on consumption of […]
The Panamanian government backed the contract governing First Quantum Minerals Ltd.’s mega copper mine in the central American nation, saying it remains in force after a Supreme Court ruling cast uncertainty on the project. After reviewing the court ruling, Panama’s Ministry of Commerce and Industry said on Wednesday it believes the contract originally signed in […]
It has been announced that Global Bank Corporation will sign an agreement to acquire 99.97% of the shares of Banco Panameño de la Vivienda, for an estimated price of $245 million. With the acquisition of Banvivienda, Global Bank will incorporate more than 39 thousand customers, 11 branches, which will be added to the 165,000 customers […]