At the beginning of the Cortizo administration the quantity of products with controlled prices in Panama was reduced from 22 to 14, and from January 1, 2020 the list will decrease to 7. The gradual elimination of price control has been one of the actions that has strengthened the Cortizo administration, because since July 7, […]
A consortium led by South Korea’s Hyundai Engineering & Construction Co 000720.KS presented the most competitive bid to a tender for building the third subway line in Panama City, authorities said on Monday, beating two Chinese rivals. Beijing has long courted Central American nations with infrastructure financing and investment, angering Washington. Though Panama’s new President […]
As November ends, so do the Fiestas Patrias and celebrations for another year. The last week kicked off with the annual Cabalgata where hundreds of people came with their horses to Boquete for a major parade. Boquete will always remain a beautiful place with beautiful people who share the simple things in life. Click on […]
A new species of snake was identified in our country in recent weeks. It is the dwarf snake of Barbour (Trimetopon Barburi, Dipsadidae), which had only been seen previously in Panama. This reptile was found in Drake Bay, on the Osa Peninsula, by 2 naturalist guides resident in the area, Gianfranco Gómez and Tracie Stice, […]
U.S. Immigration and Customs Enforcement’s (ICE) Homeland Security Investigations (HSI) Panama recently hosted an anti-financial crimes workshop with private sector representatives for Costa Rican and Panamanian law enforcement counterparts in San Jose, Costa Rica. The U.S. Department of State’s Bureau of International Narcotics and Law Enforcement Affairs in Panama also sponsored the attendance of HSI’s […]
When people think Panama vis-à-vis shipping, they think of the canal. It’s actually a lot more complicated and interesting than that. Panama boasts an integrated multi-modal transport network made up of container terminals at either mouth of the waterway linked by both a rail line and a highway, allowing for train and truck moves in […]
Sanctioning anyone who transfers money through systems not authorized by the competent authority with an 8 to 15-year prison term is part of the bill that will be presented to the Assembly. On November 12, the Cabinet Council approved the bill adding article 253-A to the Criminal Code, which will be presented to the National […]
Google today announced that it has finished the install and test of its private Curie cable. When it was announced, Curie, which connects the U.S. to Chile, was the company’s third private cable. Since then, it has announced two more, Dunant and Equiano, which will connect the U.S. to Europe and Portugal to South Africa. […]
This year Panama obtained permission for the first time to export pineapples to the Chinese market. The first shipping containers filled with pineapples set out from Panama last month and made their way to China. The shipping containers arrived in their Chinese destination port this month. Wei Yuyou of Jiaxing Your Home Fruit Co., Ltd. […]
On November 1, 2019, the Free Trade Agreement between the two countries entered into force, which promises to boost exports from the Panamanian agricultural sector. With this agreement, which was signed in May 2018, the country will have immediate access to the Israeli market for agricultural products such as: frozen beef and hamburger, palm oil, […]