Marine diesel oil (MDO) volumes were up on April, however a drop in heavy fuel oil (HFO) demand saw overall bunker sales tail off for the month. According to statistics from the Panama Maritime Authority (PMA), 365,530.76 barrels (48,999 metric tonnes (mt)) of MDO were sold in Panama in May compared to 310,040.11 (41,560 […]
A logo depicting symbols for Mary, Panama and the Panama Canal was selected as the winning design to promote World Youth Day 2019. The design by Amber Calvo, 20, a Panamanian student studying architecture, was chosen from 103 entries submitted for the event that will take place Jan. 22-27, 2019. (Credit: CNS photo/courtesy World Youth […]
Chirs Bunting at The New York Post writes this wild article about Panama As far as drug-trafficking despots go, Gen. Manuel Noriega — who just died a little over a month ago — had tremendous taste in venue: The “bridge of the world, heart of the universe,” Panama. A tram ride in Gamboa. The Westin Playa […]
This in from Reuters. Germany’s Federal Crime Office(BKA) said on Tuesday it had obtained a copy of the leaked data known as the Panama Papers that last year revealed how offshore firms are used to stash the wealth of the world’s rich and powerful. Some 11.5 million documents from the Panamanian law firm Mossack Fonseca […]
In the first five months of the year, the value of new constructions, additions and repairs amounted to $967 million, 24% more than in the same period in 2016. Figures compiled by the Office of the Comptroller General show that the value of new constructions, additions and repairs between January and May reached $967 million, led […]
By Jessica Shankleman (Bloomberg) — Fresh from a $5.25 billion, nine-year expansion that’s upending decades-old trade routes, it turns out the Panama Canal is also doing a little good for the planet. By offering a short-cut to deliver billions of dollars of Asian-made goods to America’s East Coast ports, the waterway has helped its shipping company customers […]
Mario J. Penton reports in the Associated Press about Panama’s latest move towards moving the Cuban refugees out of the country. Panama’s deputy minister of public security Friday made a final offer to Cuban migrants staying at a temporary shelter in that nation: $1,650, a plane ticket to Havana and a multiple-entry visa that […]
The obligation to retain part of the tax on the transfer of movable property and provision of services now extends to companies whose annual purchases exceed $5 million. Since February last year, 163 companies have had to withhold a percentage of ITBMS from their suppliers for purchases of goods and services, and then send it to the tax […]
This article appeared in the International Atomic Energy Agency newsletter earlier this month. A seminar focusing on the use of Nitrogen-15 (15N) in agricultural research has taken place at the Agricultural Research Institute of Panama (IDIAP) from 12 to 16 June 2017. The course, led by Dr Plinio Barbosa de Camargo of the University of […]
Panama is planning to modernize its airspace to support how its manages a forecast annual increase in international traffic of 5 per cent. Experts of the International Air Transport Association (IATA), the University of Texas at Arlington (UTA), Boeing, the Federal Aviation Authority and the country’s air navigation services provider met at the Technological University […]