You Want Dollars? Have a billion!


News from Panama

At a press conference and in the face of continued exchange rate hikes, a Central Bank executive in Costa Rica said that if the public wanted to continue buying dollars, they had billions there. This morning on Thursday, May 25, the price of a dollar 600 colones at some bank windows surpassed, dropping back to […]

May 29, 2017

Three Bids in $144 million Treatment Plant Tender


News from Panama

Between $91 million and $138 million is the range of proposals presented in the tender to build and operate a wastewater treatment plant in Arraiján Este, a trunk system and its interconnections. The tender consists of designing, constructing, operating and maintaining a wastewater treatment plant in Arraiján Este, a trunk system and its interconnections, and the operation […]

May 29, 2017

Could Energy-Generating Kites Replace Offshore Wind Turbines?


News from Panama

Anna Hirtenstein  at Bloomberg discusses this new technology. ower-generating kites backed by Royal Dutch Shell Plc, Schlumberger Ltd. and EON SE will start tests in the U.K. this summer, with the aim of developing a technology that could eventually replace offshore wind turbines. Kite Power Systems, known as KPS, is working on a 17-meter device […]

May 29, 2017

Three Offers in $11 million Building Tender


News from Panama

Between $10.6 million and $12.9 million is the range of proposals presented in the tender to restore the National Theater of Panama. Construcciones Civiles Generales S.A. presented an economic offer of $12,978,969, Constructora Pirenáica S.A. put forward a proposal of $10,620,000, and Administradora de Proyectos de Construcción S.A. offered $11,700,450. The project consists of the integral restoration of the National […]

May 29, 2017

Panama: $42 Million for Private Hospital


News from Panama

Plans are being made to build a hospital in the district of Juan Díaz in the province of Panama, which will be connected to the Mall Town Center del Este. Data from the Interactive System “Construction Projects in Panama“, complied by the Business Intelligence Unit at CentralAmericaData , indicates that Desarrollo Hospitalario Costa del Este S.A. presented an Environmental […]

May 29, 2017

Promising Law for Boosting Panamanian industry


News from Panama

The text approved by President Varela contemplates an increase of 25% to 40% in tax credits for investment in manufacturing and agribusiness. The law that modifies and adds articles to Law 76 of 2009 and establishes measures for the promotion and development of industry was been worked on jointly by businesspeople from the sector and […]

May 29, 2017

More Air Connectivity with Europe


News from Panama

The number of air routes operating between Panama and Europe grew by 62% between 2013 and 2016, and the number of passengers in transit increased from 373,000 to 735,000 in the same period. The main European destinations that could be flown to from Panama a few years ago were Paris, Madrid and Amsterdam, but recently […]

May 29, 2017

Containership’s Transit Sets New Panama Canal Record


News from Panama

The OOCL France has set a new record as the largest ship to transit the Expanded Panama Canal since its inauguration nearly one year ago. The new record comes less than a month after the COSCO Development became the first 13,000 TEU containership to use the expanded waterway. The vessel went on to set the soon-to-be-broken record as the largest containership to visit the […]

May 25, 2017

Community – Amigos de Animales


News from Panama

Amigos de Animales May 2017 Newsletter April Clinic Report On Sunday April 30, Amigos de Animales spayed or neutered 168 animals, 77 dogs and 91 cats.  This was a very smooth running clinic, not too long for the animals to wake up, fast turnover of the tables, everyone out by 3.  We were happy to […]

May 25, 2017