What I am reading now


News from Panama

On a chill February day in 1983, a 20-year-old young woman known as Phoolan Devi—literally, Flower Goddess—walked out of the forested ravines of the Chambal River valley and handed over her gun. She bowed to images of Gandhi and the goddess Durga and surrendered herself to the Chief Minister and Chief of Police of Madhya […]

November 14, 2017

Over-supply in the Office Real Estate Market?


News from Panama

Reports state that the available supply of office space in square meters in Panama City grew from 18% in July of last year, to 21% in the same month in 2017.  A study reported on by Elcapitalfinanciero.com indicates a sustained increase in the available supply of office space in the Panamanian capital, which went from […]

November 13, 2017

$543 million Contract Awarded for Road Works Project


News from Panama

In the tender to expand a 36-kilometer stretch of road in Panama to six lanes, the consortium formed by FCC Construcción and Operadora CICSA submitted an offer for $543 million, while MECO and Constructora Urbana, offered $624 million. China Communications Construction Company, LTD also participated in the tender “Extension to six lanes – Corredor de […]

November 13, 2017

Panama: $70 million to Build Research Center


News from Panama

With a loan from BCIE, the laboratories and biosafety buildings, the transport warehouse, the water treatment plant and the administration of the Campus Gorgas research center will be built. From a statement issued by the Presidency of Panama: The Cabinet Council at its meeting on Tuesday authorized the signing of a loan contract between the […]

November 13, 2017

Panama Pulls Itself Forward


News from Panama

Panama wants to make the most of its geographical position to supply the rest of the continent with energy. Panama’s government wants to use its pivotal location and liberal fiscal policies to transform the country into a regional power and energy hub, putting itself ahead of competitors in the region. Last year’s $5.4bn extension of […]

November 13, 2017

Panama Says Odebrecht Paid Ex-President’s Sons $49 Million


News from Panama

Reuters reports that the  two sons of former Panamanian president Ricardo Martinelli were paid $49 million by Brazilian engineering company Odebrecht through a network of shell companies, Panama’s prosecutors office said on Thursday. The two sons, whose whereabouts are unknown, were paid to facilitate paperwork for contracts that the company had won, prosecutors said in […]

November 13, 2017

Ulstein to Build New National Geographic Polar Expedition Cruise Ship


News from Panama

U.S.-based Lindblad Expeditions has signed an agreement with Norwegian shipbuilder Ulstein to build what Ulstein describes as the world’s foremost expedition cruise ship. Lindblad Expeditions is an expedition travel company that works in partnership with National Geographic. It will be the first polar newbuild in the Lindblad Expeditions-National Geographic fleet. The new vessel will be […]

November 13, 2017

Can Do” Soldiers deploy to Panama


News from Panama

Soldiers of 3rd Battalion, 15th Infantry Regiment, 2nd Armored Brigade Combat Team, 3rd Infantry Division, deployed to San Jose Island, Panama, to provide security for the destruction of chemical munitions Sep. 3, 2017. The United States leased San Jose Island in the 1940’s to conduct chemical munitions testing. The Organization for the Prohibition of Chemical […]

November 13, 2017

AML BitCoin on Track to Partner with Panama Canal


News from Panama

NAC Foundation, LLC – the creator of the newly launched digital currency, AML BitCoin, – announced today that it has been in extensive discussions with the governmental and private sector authorities in Panama to integrate the AML Bitcoin and its patent-pending anti-money laundering and know-your-customer technologies into the financial and payment infrastructure of key Panamanian […]

November 13, 2017