Panama Subway: Tender for Extension of Line 1


News from Panama

A tender has been launched to design and build works that include the extension of Metro Line 1 to Villa Zaita. Panama Government Purchase 2018-2-80-0-08-LS-001760: “Requirements are for design engineering services, construction of civil works, auxiliary line installations and stations, and interfaces with integral rail system for the extension of Line 1 of the Panama […]

July 31, 2018

Conclusions of the XV Regional Conference on Central America, Panama, and the Dominican Republic


News from Panama

Central bank governors, finance ministers, and banking superintendents of Central America, Panama, and the Dominican Republic, and IMF officials met in Tegucigalpa on July 26-27 to review the regional economic outlook and discuss reforms to remove obstacles and create opportunities for suitable growth. The Constitutional President of Honduras, Juan Orlando Hernandez and the Deputy Managing […]

July 31, 2018

Dubai Chamber opens office in Panama


News from Panama

Abu Dhabi: Dubai Chamber of Commerce and Industry (Dubai Chamber) has announced the opening of a representative office in the Republic of Panama to strengthen its presence in Latin America. Dubai Chamber’s Panama office is its second in Latin America and it’s ninth in the world. Its inauguration follows the opening of offices in Sao […]

July 31, 2018

Copa Airlines adds two new routes from Panama City


News from Panama

Barbados joined Copa Airlines’ route map on 17 July, the day that the Star Alliance member launched a twice-weekly (Tuesdays and Fridays) service from its Panama City base. On hand to greet the inaugural flight at the Caribbean island airport was Kerrie Symmonds, Minister of Tourism and International Transport, who presented Barbados-born Copa Airlines Captain Marc Holford […]

July 31, 2018

Tender for Affordable Housing for $7 million


News from Panama

The Ministry of Housing in Panama is putting out to tender construction of 400 social interest housing units in the district of Barú and David, in the province of Chiriquí. Panama Government Purchase 2018-0-14-0-04-LV-013412:  “Supply of materials, labor, equipment and administration for the construction works for two hundred (200) social interest homes, as part of […]

July 24, 2018

Construction: $235 million in Residential Projects


News from Panama

In Panama, environmental impact studies have been submitted for the development of vertical and horizontal residential projects in different parts of the country. Despite the slowdown that has been recorded in the cost of new construction works in Panama, several environmental impact studies have been submitted in recent months to develop residential projects, both in […]

July 24, 2018

China’s Belt and Road lands in Latin America


News from Panama

The Panama canal fits with China’s vision of Latin America as a “natural extension” of the Belt and Road Initiative After several months of anticipation, the blueprints for China’s Belt and Road Initiative (BRI) finally include Latin America and the Caribbean (LAC). As speculation gives way to reality, it’s a good time to assess what […]

July 24, 2018

Panama: Economic Activity Slows Down


News from Panama

After registering average increases of almost 4% in the first four months of the year, during May the IMAE reported a weak increase of 0.76% compared to the same month in 2017. From a statement issued by the General Comptroller of the Republic: The Monthly Index of Economic Activity (IMAE) in the Republic, for January-May […]

July 24, 2018