Panama, Taiwan sign agreement for naval interceptor craft


News from Panama

Panama and Taiwan have signed an agreement for the latter’s donation of an Interceptor 1102 platform for the Central American country, Panama’s Ministry of Public Security (Ministerio de Seguridad Pública: MINSEG) reported on 29 March. The Interceptor will be utilized by the National Naval Air Service (Servicio Nacional Aeronaval: SENAN) to patrol Colón province, in […]

April 11, 2017

$80 million in Hotel Investment in Las Perlas


News from Panama

Ground has been broken and Ritz Carlton will add another great Reserve hotel in the Las Perlas Islands of Panama.  I have been to the island and it is magical. It will have 86 rooms in 28 villas and private residences, and will be ready in 2019. With more than 80 million dollar investment, work […]

April 11, 2017

Panama Seen Regaining Crown as Region’s Fastest Growing Economy


News from Panama

Carolina Millan and Michael D McDonald report for Bloomberg of another article on Panama’s greatness. Panama will regain its crown as Latin America’s fastest growing economy this year on a surge in trade through the newly-expanded canal and government investment in other infrastructure projects, the finance minister said. Central American country will leapfrog the Dominican Republic, […]

April 11, 2017

Fishing in Panama


News from Panama

Ok, here is the sound effect.  zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz Captain Shane knocked them dead with huge catches that signals the beginning of another great year of fishing in Panama. Sport Fish Panama Island Lodge – February 2017 Report – 15 Species!!!

April 11, 2017

Panama: $5 Million in Ambulances


News from Panama

The Health Ministry will be allocating resources to purchase 59 ambulances which will be distributed among different centers. The  National Economic Council (CENA) has approved an additional loan for $5 million to acquire 59 ambulances. Panamaamerica.com.pa reports that “…The CENA has also given approval to four requests by the Social Security Fund (CSS) for exceptional procedures, amounting […]

April 4, 2017

The Best Selling Cars in Panama


News from Panama

The union of vehicle dealers reported that the brands Toyota, Hyundai and Kia led sales in the country, with 35,000 units sold in 2016. Figures from the Association of Automobile Dealers in Panama (ADAP) indicate that these three brands are the most commonly traded in the country.  Capital.com.pa indicates that the Toyota brand   “… leads the list with 42,249 vehicles sold in the last […]

April 4, 2017

Panama: Pineapples generate the largest export revenues


News from Panama

Panama’s pineapple exports in January 2017 amounted to $1.126 million dollars, a positive number in the statistics of the Comptroller General of the Republic, as it was the only fruit that recorded an increase when compared to the same period of 2016. Even though the income and export volume of this item has decreased over […]

April 4, 2017

IFF Panama: Tribeca Film Institute Seeks to Expand Partnerships in Central America


News from Panama

José F. Rodriguez, director of Documentary Programs at the Tribeca Film Institute, attended a panel at the 6th IFF Panama dedicated to support schemes for documentary filmmakers, which also featured Yissel Ibarra, at Mexico’s Imcine Film Institute, and IDFA Bertha Fund’s managing director, Isabel Arrate Fernández. Speaking to Variety after the panel, Rodriguez explained that […]

April 4, 2017

Donald Trump Suggests Remaining in NAFTA, with Some Reforms


News from Panama

US President Donald Trump presented a draft of possible changes he could make to the North American Free Trade Agreement (NAFTA) to begin its renegotiation. The document reflects that the president “will try to maintain and expand access to the current market” between the United States, Mexico, and Canada. Among its proposals is the creation […]

April 4, 2017

Panama: 4th Transmission Line Project Regains Strenght


News from Panama

The International Finance Corporation will be carrying out preliminary studies so that a tender can be launched for the construction of the project, which has a planned length of 330 km and an estimated value of $550 million. Having tried unsuccessfully to tender preliminary studies and designs for the fourth transmission line, Empresa de Transmisión […]

April 4, 2017