An announcement has been made that in July the first licenses are expected to be granted to operate in the free zone which is being built in Tocumen and which will be ready within 18 months. The general manager of Tocumen, Joseph Fidanque III, explained to Prensa.com that there are already twelve companies interested in […]
The consortium FCC and Felguera IHI won the contract to build an oil storage terminal belonging to the Dutch company Vopak in Bahia Las Minas, province of Colon. From a statement issued by FCC Construction: The new terminal will be located next to the existing Chevron terminal of 509,000 mbc (thousand of barrels of crude) […]
The government plans to allocate resources to remodel schools, and the construction of an aqueduct, a health center and a sports complex in the eastern area of the province of Panama. Furthermore it was also announced that on April 18 a tender will be launched for the extension of the hydraulic ring road towards this […]
Tucked into the slopes of the San Salvador volcano lies the Jabali Cooperative, a sprawling coffee farm known for its Fairtrade-certified coffee. Established in 1980, this 121-member cooperative has been producing high-altitude, organic coffee in El Salvador for generations. When coffee rust began affecting the crop in 2011 and 2012, nobody could have predicted that […]
ADSI, a banking IT services and fraud protection provider operating in South America, the Caribbean and Central America, has selected real-time electronic payment and banking solutions provider ACI Worldwide to power fraud protection for its data center, according to a press release. ADSI supports 20 million financial transactions daily and provides fraud protection services to […]
Of the total volume traded on the stock market in the first quarter, 55% were in the primary market, 29% in the secondary and the remainder were repurchases. “The most traded instruments in the primary market were corporate bonds-notes and negotiable commercial securities for $338.9 million, followed by Bonds and Treasury Bills for $228.8 million,” […]
I do not know what to think of this other than WOW! Joe Quirk has been described as a “seavangelist”; in his work with The Seasteading Institute, he argues that new floating nation states, facilitated by the institute’s innovative technology, will revolutionize the world. Founded in 2008, with a philanthropic grant of $500,000 by PayPal […]
One country after another are approving this legislation including Argentina who is next. The Colombian government finally issued a decree, through the Ministry of Health, which regulates the production of medical marijuana, after the law that legalized this economic activity was approved in Congress on May 25th, 2016. The law required regulation by Congress that […]
Karina Martin reports in PanAm Post of yet another bribery scandal, this one involving the former Brazil President. Former president of the corruption-ridden construction company Odebrecht, Marcelo Odebrecht, confessed to paying US $4.15 million in cash to former President Luiz Inacio Lula da Silva between 2012 and 2013. According to information leaked by local media, former minister […]
Sabrina Martin reports in PanAm Post about the current situation with the stranded Cubans here in Panama. After Panama President Juan Carlos Varela threatened to close a shelter assisting Cuban immigrants, his administration announced it will be instead transferring them to a center on the Costa Rican border. According to the Panamanian Ministry of Security (Minseg), the […]