Because of the financial problems it faces, the Superintendence of Insurance and Reinsurance of Panama ordered the forced liquidation of La Floresta de Seguros y Vida. “The forced liquidation of the insurance company La Floresta de Seguros y Vida, S.A. has been ordered at 9:30 a.m. on November 18, 2019, based on the regulation that […]
Chiquita Brands International has invested in the infrastructure and yard equipment of Puerto Almirante in Panama specializing in the movement of containerized cargo for the region. Puerto Almirante is located in Bocas del Toro province in the western side of Panama close to the border with Costa Rica. The distance to the border with Costa […]
When the Panama Canal was nearly completed, in April 1914, Sunset magazine editor Charles Kellogg Field jeopardized the future of his magazine—and his personal liberty—by publishing photographs and a story about the canal’s military defenses. The article’s title alone ignited a national firestorm: Can the Panama Canal be destroyed from the air? Three months […]
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 […]