In the first five months of the year, the value of new constructions, additions and repairs amounted to $967 million, 24% more than in the same period in 2016. Figures compiled by the Office of the Comptroller General show that the value of new constructions, additions and repairs between January and May reached $967 million, led […]
By Jessica Shankleman (Bloomberg) — Fresh from a $5.25 billion, nine-year expansion that’s upending decades-old trade routes, it turns out the Panama Canal is also doing a little good for the planet. By offering a short-cut to deliver billions of dollars of Asian-made goods to America’s East Coast ports, the waterway has helped its shipping company customers […]
Mario J. Penton reports in the Associated Press about Panama’s latest move towards moving the Cuban refugees out of the country. Panama’s deputy minister of public security Friday made a final offer to Cuban migrants staying at a temporary shelter in that nation: $1,650, a plane ticket to Havana and a multiple-entry visa that […]
The obligation to retain part of the tax on the transfer of movable property and provision of services now extends to companies whose annual purchases exceed $5 million. Since February last year, 163 companies have had to withhold a percentage of ITBMS from their suppliers for purchases of goods and services, and then send it to the tax […]
This article appeared in the International Atomic Energy Agency newsletter earlier this month. A seminar focusing on the use of Nitrogen-15 (15N) in agricultural research has taken place at the Agricultural Research Institute of Panama (IDIAP) from 12 to 16 June 2017. The course, led by Dr Plinio Barbosa de Camargo of the University of […]
Panama is planning to modernize its airspace to support how its manages a forecast annual increase in international traffic of 5 per cent. Experts of the International Air Transport Association (IATA), the University of Texas at Arlington (UTA), Boeing, the Federal Aviation Authority and the country’s air navigation services provider met at the Technological University […]
I read this article in GCaptain and like most, I was intrigued by the discovery of wealth from the past. Colombia is making progress towards salvaging a Spanish galleon carrying jewels and coins that sank more than 300 years ago, President Juan Manuel Santos said on Wednesday after receiving a proposal from an investor to […]
Panamanian President Juan Carlos Varela on June 21 defended his country’s decision the week before to give diplomatic recognition to China, effectively cutting off diplomatic relations with long-time ally Taiwan. He said the move was “the right thing to do,” adding that it would bring investment and trade to the country. Did Panama make the […]
The airlines claim there is a need to improve air traffic management at Tocumen airport, because “it is useless to have a new terminal if the planes cannot land.” Panama is at risk of losing competitiveness to other air hubs, such as Bogotá, if it does not take measures to reduce air congestion at Panama City’s international airport, […]
International prices continued to decline in May, in the context of optimistic outlooks on global grain supply for the coming months. From the Monthly Coffee Market Report, by the International Coffee Organization: Coffee prices continued to fall as the market remains well supplied and inventories in consuming countries are high as a result of strong […]