Bureaucracy or correct oversight. That is a debate that will continue to plague Panama as it continues its rapid growth. The union of builders attributed the 10% drop in building permits in the first quarter to the slowness with which the Mayoral office of Panama is processing procedures. On the other side of the fence […]
The contest which could be held in August or September will be seeking only two operators, and will exclude certain brands and products which will be awarded separately. The tender is for the duty free spaces in Terminal 1, which since 2007 had been operated by Waked International S.A., whose concession expires in December 2017. As […]
This has been an ongoing problem for Panama. One day the government will get smart and subsidize concentrated dairy operations as they do with small farm investments. We are talking about $10,000,000 for an average size operation but with a few of these, Panama would be self sufficient. The annual shortfall of milk in the […]
With 43% of the total, in 2015 Panama continued to be the largest recipient of FDI in the subregion, followed by Costa Rica (26%), Honduras (10%) and Guatemala (10%). From the chapter Central America in the report on Foreign Direct Investment in Latin America and the Caribbean: Central America: the Change in the Energy Matrix […]
AES International put out this interesting article. Tim Peake landed safely in Kazakhstan on Saturday 18th June. After a mind-bending mission 250 miles above us on the $150,000,000,000 International Space Station, we all welcome him back to Earth with much admiration. Now with an extra 71 million miles under his belt, Tim is undoubtedly a […]
The government of Panama has been on an aggressive campaign of developing thousands of new homes as part of the affordable housing program throughout Panama. Here are two new tenders for a total of 3,500 new homes, many of which will be built here in Chiriqui. Panama Government Purchase 2016-0-14-0-01-LV-010 268: “Supply of materials, labor, […]
A U.S.-built crane ship was used to conduct a trial transit of the Panama Canal’s new Cocoli Locks on Monday ahead of next week’s inauguration of the Expanded Panama Canal. The Panama Canal Authority reports that the Panama-flagged vessel, named Oceanus, was maneuvered through the Pacific-facing Cocoli Locks by Panama Canal Pilots Fernando Jaén and Ricardo […]
The PanAm Post put out this story of the food crisis in Venezuela. “It’s Not about the Price of Oil: 21st Century Socialism Destroyed Venezuela’s Economy and Distribution Networks, Causing an Unprecedented Humanitarian Crisis” A humanitarian crisis, the likes of which have never been seen in the Western Hemisphere, is brewing in Venezuela and it […]
The expansion of the Panama Canal, scheduled to open on June 26 after eight years of construction, should be supportive of the country’s ‘BBB’ sovereign rating, according to a new Fitch Ratings report. Fitch expects the expansion to have a favorable impact on macroeconomic performance, public finances and external accounts. Since taking control 15 years […]
José Vargas, who has dreamed of having a coffee farm since he was 11 years old, has not only realized his dream. He knows that the sustainable agriculture methods he practices on his land in the Panama Canal Watershed contributes to the nation’s water supply. The 50-mile-long canal, which dissects Panama, carries vast quantities […]