After two days of transit through the Panama Canal, iconic voyaging canoe Hokulea reached the Panama city of Balboa today at 2:54 p.m. EST. The canoe went through three sets of locks on the man-made waterway and returned to Pacific waters for the first time in nearly two years. Because Hokulea has no engines, and because of […]
The Panamanian government has announced that until the dispute over tariffs is resolved, it will keep in abeyance the agreement signed with Colombia to buy two ships for $30 million. As part of the trade dispute caused by the tariffs imposed by Colombia on imports of Panamanian footwear and textiles, the Varela administration has announced […]
As more and more growth head west of Panama, the Government is trying to stay ahead of the game with newer infrastructure The Ministry of Health in Panama has submitted an Environmental Impact Study to build a sanitation system in Arraiján and La Chorrera, Panama Province West. The Environmental Impact Assessment (EIA) study, which was […]
Following are excerpts from a CNBC interview with Dulcidio de la Guardia, Finance Minister of Panama, from the World Economic Forum 2017 with Geoff Cutmore and Steve Sedgwick.GC: Thanks for being with us. So just tell us, what action has the government now taken to try and improve transparency around tax affairs? DG: First, well […]
Grivalia Properties’ Luxembourg-based subsidiary Grivalia Hospitality SA on Tuesday announced its first investment, which concerns the acquisition of a 60 percent stake in the Pearl Island project in Panama from Dolphin Capital Investors. The agreed price is 27 million euros in cash, Grivalia stated, of which 1 million has already been disbursed as an advance […]
Between January and November 2016 imports of standard and luxury cars fell by 5% and 15% compared to the same period in 2015, respectively, while pickups grew by 20%. Data from the General Comptroller of the Republic shows that total imports of new vehicles grew by 3.2% in the first eleven months of the year […]
A tender has been launched for the construction of a hospital in Cocle and the new headquarters of the Faculty of Medicine at the University of Panama, including the provision and installation of medical and nonmedical equipment for both infrastructures. Panama Government Purchase 2016-0-12-0-02-LV-020565: “Study, design blueprint for implementation of design and development of final […]
When Tanya Schramek signed her son up for martial arts, she never expected she would find herself in a uniform. But a short while later, she’s heading to an international championship. Schramek is part of the Team Canada contingent that will travel to Panama on Jan. 6 for the annual invitational tournament, which brings martial […]
PANAMA CITY Panama’s attorney general said on Thursday Brazilian construction company Odebrecht has made a verbal agreement to pay $59 million in reparations for bribes it paid in Panama to win business in the country between 2010 in 2014. The sum is the amount in bribes Odebrecht admitted paying to officials and intermediaries in the […]
My friend Bryan Bogensberger is organizing another first for Panama: A conference bringing some of the best and brightest in the tech industry to Panama along with nearly 1,000 attendees. The angle is Disruption, and the speakers are genius-level presenters who have made waves in industries from the tech-space to consumer product development. The Westin […]