Panama president cheers China’s ‘Belt and Road’ initiative


News from Panama

Panama sees a “big opportunity” in China’s massive “Belt and Road” infrastructure initiative, President Juan Carlos Varela said Tuesday during a visit to Hong Kong amid ambitious plans and proposals for Chinese-built bridges and rail lines. Varela said the initiative, which aims to weave a network of ports, bridges and power plants linking China with […]

April 2, 2019

$10 Million in Residential Project


News from Panama

On a 13-hectare plot of land in Panama Norte, it is planned to build a residential complex consisting of 150 houses. According to the interactive information system “Construction in Central America” developed by CentralAmericaData, Sociedad Urbanizadora del Caribe, S.A. presented the Environmental Impact Study to the Panamanian authorities of the project called “P.H. Cumbres del […]

April 2, 2019

First Quantum Files Updated Technical Report for Cobre Panama


News from Panama

  First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX:FM) today filed an updated technical report for its Cobre Panama project in Panama dated December 31, 2018. The technical report incorporates updates with respect to ramp-up and commissioning of the current operation and provides detail on the expansion of the project from 85 million […]

April 2, 2019

Tobacco: Law on Consumption and Commercialization Passed


News from Panama

Changes in product labeling and greater regulation in the licensing process are some of the provisions approved by the National Assembly of Panama. Cigarette packages marketed in the country must comply with simple packaging, brand name, health warnings and other characteristics, are some of the approved changes. From the Legislative Assembly statement: Increased controls on […]

April 2, 2019

Approval to Export Meat to China


News from Panama

In Panama, the processing plant Union Livestock received the endorsement to market beef in the Asian country, and it is expected that the first containers will be shipped in late April. At the end of last year, it was reported that the meat product plants that received the endorsement by the General Administration of Customs […]

April 2, 2019

Economic Growth: How to Translate it into Development?


News from Panama

Improving competitiveness and modernizing institutions are some of the challenges that Panama must overcome in order for high levels of economic growth to result in greater development for the country. The document “Panama: Challenges to consolidate its development“, developed by the Inter-American Development Bank (IDB), explains that the Panamanian economy has been one of the […]

April 2, 2019

Expanded Panama Canal Commemorates 1,000 Days in Operation


News from Panama

On Friday, March 22, the Expanded Panama Canal commemorated its 1,000th day in operation, marking an important milestone for the waterway that continues to redefine world trade routes and exceed expectations. “During these 1,000 days, the Panama Canal’s workforce has not only met the challenge of successfully managing the Neopanamax Locks, but also exceeded the […]

April 2, 2019