The Panamanian Construction Association is planning mortgage transactions of $120 million at the Housing Expo, which will be held from April 12 to 15 at the Atlapa Convention Center. The Panamanian Chamber of Construction (Capac) reported that in the “ … sixteenth version of the Housing Expo 2018, 200 exhibitors will take part which includes developers […]
As a step prior to the implementation of specific retaliation measures, the government has published a list of 20 countries whose discriminatory actions have affected Panama’s economic and commercial interests The Ministry of Foreign Affairs reported that ” …The Ministries of Economy and Finance, Foreign Affairs and Trade, and Industry of the Republic of Panama issued […]
In Panama, growth in water consumption is putting pressure on reservoirs and forcing the design of new alternatives for improving infrastructure, starting with the creation of new reservoirs. Data from the Panama Canal Authority (ACP) indicates that 350 million gallons of water are currently being consumed per day, an amount that it was thought would […]
Smith Anderson of Mount Pleasant first moved to Panama as a salesman for a coastal resort, but he’s since reversed course: Rather than draw Americans to Panama, he’s now bringing sauces made from Panamanian peppers back to the U.S. He and partner Alexis Gallardo of Panama manufacture 10 kinds of vinegar-based sauces. “Our sauces are […]
SeaTrade Maritme News reports. The regional Maritime Technology Cooperation Centre (MTCC) for the Latin America region, MTCC-Latin America has been inaugurated in Panama by Panama’s Minister of Maritime Affairs Jorge Barakat and the IMO deputy director of Environment Dr Jose Matheickhal. They were joined by Giovanni Di Girolamowith the European Union and Dr Eladio Penaloza, who […]
Charles Davis at DeeperBlue reviews the diving in Panama. You have your heart set on a Pacific destination and some dives with humpback whales. Your dive buddy, they want to try some fresh water diving. The significant others? It is a Caribbean beach for them or you all stay home. We all know, that the […]
Firm at the center of controversy over tax evasion cites economic and reputational damage in announcement. A Panamanian law firm at the center of the Panama Papers scandal has announced it is shutting down. The directors of Mossack Fonseca blamed the economic and reputational damage inflicted by its role in the global tax evasion debacle […]
The protests which since the beginning of the year have been held by workers in the Cobre Panama project in Colón have paralyzed work on the power line and the 300 MW thermoelectric plant. The labor dispute that has prevented the project from progressing arose after both parties, the workers’ union and the company Minera […]
The performance of the activities of ready-mix concrete, milling products and alcoholic beverages explains the 2% growth registered by the sector in 2017, reversing the fall reported in 2016. The Trade Union of Industrialists of Panama (SIP) reported that last year the manufacturing sector’s share of GDP was 5.2%, and that the activities which boosted […]
The Government has authorized the import of up to 100 thousand tons of paddy rice, and the deadline to complete the import process will be June 30, 2018. The Panamanian government published a decree in the Official Gazette through which it authorizes the importation of rice, and the total distribution of the quota will be […]