Newsroom Panama posted this article. Ships passing through The Panama Canal began paying a water tax of up ro $10,000 on Saturday February 15 . For the use of fresh water they will pay , to enable the Canal authority (ACP) face the shortage derived from the climate crisis and to finance future plans to […]
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of MAPFRE Panamá S.A. (MAPFRE Panamá) (Panama City, Panama). The outlook of these Credit Ratings (ratings) remains stable. The ratings reflect MAPFRE Panamá’s balance sheet strength, which AM Best categorizes as strongest, as well as its […]
A new metro line for Panama City will run through a tunnel bored beneath the interoceanic canal to reach western suburbs, rather than passing over the canal alongside a planned new bridge as was originally anticipated as part of a broader $4 billion infrastructure project, authorities said Thursday. Agustín Arias, director of special projects for […]
My friend Geoffrey McRae at Gateway to South America posted this article and I have ordered the book from Amazon. This translated book begins with a foreword by left-wing writer Isabel Allende, and here is just one quote from her introduction of the book: “His work is a mixture of meticulous detail, political conviction, poetic flair, and good storytelling.” […]
The company of Chilean origin Latam Cargo began operations in the country and will offer its services on Tuesdays and Thursdays to cover the Miami-Panama-Bogotá route. Thursday, February 13, 2020 Directors of Tocumen International Airport informed that the refueling and cargo movement service offered by Latam Cargo will be operated with a Boeing 763 aircraft. […]
CIFI and BID Invest authorized a loan for West Report S.A. to develop, build and operate a hotel complex in Bocas del Toro. The new hotel, which will have 118 rooms, several restaurants, a spa and other meeting places for its guests, will be operated under the brand name Viceroy Hotels and Resorts, reported CIFI. […]
Changing the model of progress by betting on more complex and higher value-added activities, without restricting the entry of qualified foreign labor, is part of what the Panamanian business sector proposes to boost long-term economic growth. In a statement, the Chamber of Commerce, Industry and Agriculture of Panama (CCIAP) reflects on the need to […]
Panama made modifications to the reimbursement plan for Panama Canal transits by cruise lines that establish homeport operations in the country, These incentives were announced by the Panama Tourism Authority in June 2019. Panama made modifications to the reimbursement plan for Panama Canal transits by cruise lines that establish homeport operations in the country, These […]
Grupo Carso announced the acquisition of the total shares of Ideal Panama, a company operating two hydroelectric plants with a combined capacity of 145 MW. The amount of the transaction was $152.6 million, according to a relevant announcement published by the Mexican Stock Exchange. The announcement states that “… Grupo Carso S.A.B. de C.V. informs […]
In the heated jungles of Central America in the early 1900s, thousands of workers toiled in the rain and mud trying to cleave Panama in half in order to join the Pacific Ocean with the Caribbean Sea. The difficult, dirty work involved more than digging and dynamiting, though. Working on the Panama Canal in the […]