Chinese bank ICBC launches operations in Panama


News from Panama

The Industrial and Commercial Bank of China (ICBC), one of the largest commercial banks in the world, expanded its presence in Latin America by launching operations in Panama on Friday. The new branch of the Chinese bank is the first of its kind in Panama, a country that established diplomatic relations with China in 2017, […]

June 15, 2021

Panama doubles the size of its protected marine areas


News from Panama

Home to turtles, sharks and whales, the newly expanded Cordillera de Coiba zone has nine mountain ranges under the ocean’s surface, with some seamounts more than 3,000 meters tall. Panama has taken a giant leap forward in protecting its waters. The Central American country is rich in biodiversity but it is also one of the […]

June 15, 2021

I told you so!!


News from Panama

Back in 2013, I reported on this scam regarding COACECSS or Social Security Employees Savings and Credit Cooperative Fund where a number of foreigners, some of whom preyed on Boquetenos at the Tuesday Market, sold 8.5% CDs and received huge commissions!! I got really tired of being accused of  bad mouthing an upright institution that was […]

June 15, 2021

Tender for $48 Million in Railway System


News from Panama

Panama Metro tenders engineering services for the design, supply, assembly and installation, testing and commissioning of the integrated railway system for the extension to Villa Zaita and integration with the existing Line 1. Panama Government Purchase 2021-2-80-0-08-LP-003842: “As per the scope of each line item the Contractor shall design, supply and install all required Integrated Rail System elements […]

June 8, 2021

Panama to reduce electricity prices by using renewable energies


News from Panama

Panama will reduce electricity prices with the transformation of the energy matrix supported by clean energy and policies for the sector, local media reported.   President Laurentino Cortizo presented the ‘Strategy for the comprehensive development of the electricity sector’ during a visit he made to an electrical substation in the northern Panamanian province of Colon. […]

June 8, 2021