Copa Airlines was founded in 1947 as the national airline of Panama. It began operations with domestic flights to three cities in Panama on Douglas DC-3/C47s. By 1966, the airline boasted thrice-weekly flights to San Jose in Costa Rica, which was its first international destination. Today the airline operates to 74 destinations from its Panama […]
Maria Fabrizio and Zachary Cohen, Research Associates at the Council on Hemispheric Affairs write on how the expansion of the Panama Canal was a costly infrastructure project, that diverted funds away from social programs and thereby further entrenched Panama’s systemic inequalities. Yet, it is precisely because it was a costly infrastructure project that the canal expansion […]
The Panama Canal celebrated the opening of its new locks on June the 26th, marking the culmination of the nearly decade-long, $5.4-billion “Panamax” expansion. The project’s inauguration signaled the beginning of “a new era in global trade,” proclaimed a headline in the LA Times. A crowd of 30,000 showed up to witness the Chinese flagbearer […]
This week the mega vessel MOL Majesty arrived in the expanded PortMiami docks after transiting the Panama Canal. To appreciate the size of this vessel, think 3 football fields in length and almost 150 feet in width. Another milestone agreement was reached as Panama Canal Administrator and CEO Jorge L. Quijano and PortMiami Director Juan […]
Panama’s government agreed to suspend the highly contested Barro Blanco hydroelectric dam Thursday after meeting with Indigenous leaders who have mobilized against the project over concerns that their rights have been violated and their land, culture and livelihoods are threatened. The agreement gives some hope to the 170,000 members of the Ngabe Bugle community who […]
David Brancaccio, Katie Long, and Justin Ho report for MarketPlace on the reality of bank accounts offshore companies and and money management here in Panama vs the perception of Panama being a haven for dirty cash. Panama has just opened a new, wider canal, but less cause for celebration is another feature of the Panama […]
The Panama Maritime Authority has announced a new tender for the concession of the design, construction and operation of a multipurpose terminal in the port of Aguadulce. A year after the first attempt, the Maritime Port Authority has once again called on companies interested in the concession to design, build and operate a multipurpose terminal […]
In order to meet growing demand 70 new carriages will be purchased which will take the current total from 20 to 25 trains of 5 carriages each. From a statement issued by the Panama Metro Secretariat: Every day of the year an average of 270 thousand passengers use the Metro facilities. Statistics show a low number […]
The recent expansion of the Panama Canal — which vastly reduces the time needed for U.S. shipments of liquefied petroleum gas to reach Japan — is expected to accelerate Japan’s efforts to wean itself off its reliance on Middle Eastern LPG for a more diversified, stable supply. On June 27, when the expanded canal went […]
Sharemoney, the international online money transfer service of Omnex Group, has announced the expansion of services to Panama. With over 25 years of experience transferring money from the United States to countries all over the world, including Vietnam, Chile, Mexico, and many more, this expansion is in line with Sharemoney’s mission to help people who […]