In Panama, the executive authorized a credit line of up to $50 million for the state-owned Etesa to finance investments contemplated in the electric expansion plan. The approval for the Empresa de Transmisión Eléctrica, S.A. (Etesa) to subscribe a line of credit with Banco General, will allow the state company to partially finance maintenance works […]

The Panama Canal Authority said on Wednesday that an arbitration tribunal has ordered the construction consortium behind the waterway’s expansion to pay back nearly US$848 million (672.43 million pounds) to the canal authority. The ruling from the Miami-based tribunal, part of the International Chamber of Commerce, stems from a protracted dispute between the authority and […]

XCMG, China’s leading construction machinery manufacturer, has concluded a successful trip to the 2018 China (Panama) Commercial Exhibition in Altapa, Panama, the largest economic and trade exhibition China has hosted in Panama since the two countries established diplomatic relations in 2017. Juan Carlos Varela, President of Panama, was briefed on XCMG’s strategic international layout and […]

City frogs and rainforest frogs don’t sing the same tune, researchers say. A study released Monday examined why Panama’s tiny tungara frogs adapt their mating calls in urban areas – an unexpected example of how animals change communication strategies when cities encroach on forests. These frogs take advantage of the relative absence of eavesdropping predators […]

Travel Pulse wants you to discover this country’s riches in experiential travel: off-the-beaten-path exploration, immersive encounters. n the brief new Panama Specialist Travel Agent Academy program, you’ll learn what makes Panama the perfect match for clients seeking to make a real connection with their vacation destination through experiences relating to the country’s natural beauty, history, […]

We close out this last Panama Perspective of 2018 with a wish that you have very Happy Holidays.  We will pick things back up after the first of the year and will continue to bring you news and property offerings of merit here in Boquete throughout 2019 Before we go, we would like to share […]

The holiday lights are out and the festive season is here in Boquete.  We begin the end of the year with Christmas and then New Years Eve. Lots of parties, lights and fireworks.    Then we begin the new year with festivals in January and February  of course, the Boquete Jazz and Blues Festival in […]

Panama City, Panama – The Panama Canal signed a Memorandum of Understanding (MOU) with Port of Itaqui, located in the northeastern region of Brazil, to promote the shipment of grains and other cargoes in the commercial route between the north of Brazil through the Panama Canal to destinations located in the Pacific Ocean. The Port […]

Here is a great article I read in Forbes.  2019 is likely to be a year of volatility in Latin America, but markets look promising for long-term investors. Given banks’ and other financial institutions’ significant exposure to Latin America, analysts and investors will have to be very attentive to external and domestic factors that will […]

Consistent with the trend reported since last year, in the first ten months of 2018, the cost of new construction, additions and repairs fell 38% over the same period in 2017. The latest report from the General Comptroller details that between January and October of this year the cost of new constructions, additions and repairs […]