Reuters reports that the Panama Canal Authority said in a statement on Monday that it had received $847 million which a tribunal had ordered a construction consortium to pay it back in a dispute over the waterway’s recent expansion. The Miami-based tribunal’s ruling was directed at a group of companies including Spain’s Sacyr and Italy’s […]
Carl Delfeld, editor of Cabot Emerging Market Investor writes of the growth and attraction of Panama for his investors. I have been to Singapore many times and each time it gets a little bit better. Better infrastructure, better communication services and better tax and trade policies. That is its secret — constant improvement, suggests international investing […]
Although in the U.S. the chain has closed more than 2,000 stores in recent years, representatives of the company dedicated to the marketing of footwear plan to expand its market in Central America. According to representatives of the chain of stores, during 2018 in Guatemala opened two stores in the capital, one in Quetzaltenango, another […]
I guess we are going to see some electric cars here finally. Personally, I cannot wait. In Panama, a proposal was presented to regulate the installation of electric chargers and the measurement of consumption in electric vehicles. The National Public Services Authority (ASEP) submitted a draft document on the procedure for regulating the installation of […]
The Ag sector has been hard hit i Panama in recent years and this year appears to be just as bad. When I see Filet Mignon for $5.00 a pound I know the industry is suffering. A few month ago it was $7.50. For 2018-2019, the government decided to approve the payment of $3 for […]
I love Lori’s back to earth basics of raising kids as she introduces them to things from her younger life. The TypeRider!! We are the proud owners of the coolest toy ever—an old IBM Selectric typewriter. We rock, baby. We landed the typewriter from a sweet neighbor who was downsizing. The machine had been kept […]
Arias, Fábrega & Fábrega – Professional Notice – Latin Lawyer 250 ARIFA has been leading Panama’s legal profession since 1914. The firm advises international financial institutions, multinationals and some of the largest domestic companies. Its practice spans 30 areas of law in 14 practice groups. ARIFA, long recognised for structuring complex and innovative M&A, capital […]
Producer Chris O’Connell describes how he and the “48 Hours team uncovered the story of Carolyn Abel’s murder, after discovering a rarely-used law in a previous story. As a producer at “48 Hours,” I inevitably get asked one question over and over when I tell people what I do for a living: “How do you […]
Last year, nearly $75 million in contracts to build public sports centers were awarded in Panama, being Enobras S.A. the company that accumulated the largest amount awarded. Data from the information system “Public Purchases in Central America” by CentralAmericaData, details the list of companies favored with contracts to carry out construction works in 2018, in […]
Panama has not seen such slow growth in well over a decade. Let’s hope that with a new administration we see more progress in economic growth. As James Carville once said to Bill Clinton, “It’s the economy, stupid” During 2018, the constant Gross Domestic Product totaled $41,693 million, almost 4% more than what was reported in […]