More than 300 athletes compete at second Para Central American Games Panamanian athletes shone in Managua, Nicaragua, as they finished top of the medals table with 22 golds, 10 silvers and seven bronze at the second Para Central American Games. The regional event came to an end on 28 January with a Closing Ceremony held […]
The Panama Maritime Authority has released the 2017 statistics of cargo volume handled by ports showing an increase of 10.1% to 6.89m teu, up from 6,27m teu in 2016. Every terminal registered growth – two of them with double digit- with only PSA-Panama with cargo volume decreasing by 48.4% because of its ongoing expansion to […]
MECO, Constructora Urbana and Bagatrac are three of the companies that submitted their proposals in the tender to build 80 kilometers of roads in Chiriqui, Panama. Also taking part in the tender with a reference value of $49 million, are the consortiums Caminos de David (ININCO S.A. and Construcciones Civiles and Concretos de Panamá S.A.), Vias […]
Last year, the value of new construction, additions and repairs totaled $2.142 billion, 11% more than in 2016. The most recent figures from the Comptroller General of the Republic show that the highest value of new construction, additions and repairs was registered in the district of Panama, with a total of $1.511 billion. They were followed […]
There is potential for Panama’s flag carrier Copa Airlines to work with its Chinese counterpart Air China to run direct flights between their countries, Copa’s Executive President Pedro Heilbron said Tuesday. “The idea is … when (Air China) flights come to Panama, they can connect with Copa’s network,” he said. Heilbron said the two companies […]
The Panamanian Supreme Court of Justice has revoked the resolution that had approved the environmental impact study to build an oil pipeline that would supply fuel to Tocumen airport. The ruling by the Supreme Court of Justice comes just a few days after the same institution received an injunction against a project to build a port […]
A.M. Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of MAPFRE Panamá S.A. (MAPFRE Panamá) (Panama City, Panama). The outlook of these Credit Ratings (ratings) remains stable. The ratings reflect MAPFRE Panamá’s balance sheet strength, which A.M. Best categorizes as strongest, as well as its […]
By Gavin van Marle (The Loadstar) – Container shipping could see the first widespread use of a cryptocurrency this week. Hong Kong-based blockchain developer ETH Smart Contract Tech will tomorrow start handing out its bespoke TEU tokens to shippers, forwarders and 3PLs under its 300cubits project. The company will release some 20m TEU tokens, “custom-designed […]
Brittney Schering writes for International Living on her experience moving to Panama. Sometimes I get a chuckle at some peoples reactions to the changes from life back in the US. I took the leap and moved overseas in mid-June of 2017 in hopes of finding somewhere peaceful to call home. Luckily, Todd, my long-time partner, was […]
Jared Wade reports in Finance Colombia that Citibank (NYSE: C) has sold its Colombian consumer and small business operations to Banco Colpatria Multibanca Colpatria S.A, the Colombian subsidiary of leading Canadian financial institution Scotiabank (NYSE: BNS). Citibank operations in Colombian include 500,000 customers, 47 branches, and 424 self-service access points in Colombia. The deal also includes “assumption by Banco Colpatria of […]