In the tender to expand a 36-kilometer stretch of road in Panama to six lanes, the consortium formed by FCC Construcción and Operadora CICSA submitted an offer for $543 million, while MECO and Constructora Urbana, offered $624 million. China Communications Construction Company, LTD also participated in the tender “Extension to six lanes – Corredor de […]

With a loan from BCIE, the laboratories and biosafety buildings, the transport warehouse, the water treatment plant and the administration of the Campus Gorgas research center will be built. From a statement issued by the Presidency of Panama: The Cabinet Council at its meeting on Tuesday authorized the signing of a loan contract between the […]

Panama wants to make the most of its geographical position to supply the rest of the continent with energy. Panama’s government wants to use its pivotal location and liberal fiscal policies to transform the country into a regional power and energy hub, putting itself ahead of competitors in the region. Last year’s $5.4bn extension of […]

Reuters reports that the  two sons of former Panamanian president Ricardo Martinelli were paid $49 million by Brazilian engineering company Odebrecht through a network of shell companies, Panama’s prosecutors office said on Thursday. The two sons, whose whereabouts are unknown, were paid to facilitate paperwork for contracts that the company had won, prosecutors said in […]

U.S.-based Lindblad Expeditions has signed an agreement with Norwegian shipbuilder Ulstein to build what Ulstein describes as the world’s foremost expedition cruise ship. Lindblad Expeditions is an expedition travel company that works in partnership with National Geographic. It will be the first polar newbuild in the Lindblad Expeditions-National Geographic fleet. The new vessel will be […]

Soldiers of 3rd Battalion, 15th Infantry Regiment, 2nd Armored Brigade Combat Team, 3rd Infantry Division, deployed to San Jose Island, Panama, to provide security for the destruction of chemical munitions Sep. 3, 2017. The United States leased San Jose Island in the 1940’s to conduct chemical munitions testing. The Organization for the Prohibition of Chemical […]

NAC Foundation, LLC – the creator of the newly launched digital currency, AML BitCoin, – announced today that it has been in extensive discussions with the governmental and private sector authorities in Panama to integrate the AML Bitcoin and its patent-pending anti-money laundering and know-your-customer technologies into the financial and payment infrastructure of key Panamanian […]

  The Caribbean Princess has sailed the expanded Panama Canal, the first Neopanamax cruise ship to do so.Princess Cruises was the first cruise line to take guests through the Panama Canal in 1967. Marking the 50th anniversary in 2017, Caribbean Princess took more than 3,000 guests through the Agua Clara locks on the Atlantic side […]

Reuters reports that Panamas’ President Juan Carlos Varela will travel to China to meet with his counterpart Xi Jinping on Friday, the first official visit by a Panamanian leader to the Asian country coming five months after the nations established diplomatic relations.   The bilateral meeting will serve to establish a new economic, trade, tourist […]

  Panama has become one of the fastest growing economies in the world. Ambassador of Panama to Viet Nam, Servio S Samudio B, on Tuesday shared with the Viet Nam News an article to mark the National Day of the Republic of Panama. On November 3, the country celebrated 114 years since it proclaimed separation […]