Tigo Panama pledged to invest US$100 million into its network this year as part of its long-term modernisation and expansion strategy, to plug in coverage gaps and ready itself for 5G. In a statement, Tigo General Manager Marcelo Benitez said the operator’s mission is to continue developing the “digital highways that close the digital divide […]
Panama previously announced an offer to purchase for cash its outstanding 4.000% Global Bonds due 2024 (the “Bonds“) in an aggregate principal amount that will not result in an aggregate Purchase Price that exceeds an amount determined by Panama in its sole discretion (the “Maximum Purchase Amount“), subject to the terms and conditions contained in […]
The President of Panama Laurentino Cortizo said on Monday that he has blood cancer, although the 69-year-old said he feels well and is in “good spirits.” In late May, Cortizo’s doctors detected “a decrease in hemoglobin and white blood cell count” during routine testing, the president said in a televised statement. Specialists recommended that a […]
Public investment in science, technology and innovation in Panama is barely 1 percent of the Gross Domestic Product, which is insufficient according to experts. Data from the National Secretariat of Science, Technology and Innovation (Senacyt) indicate that in the isthmus about 0.13 percent of GDP is invested in this area. The report states that Senacyt […]
ASSIGNMENT OF A UNIQUE REGISTRATION CODE (HEREINAFTER “CUR”): Every lawyer or law firm that intends to provide resident agent services for Panamanian legal entities must be registered in the Unique System of the Superintendence of Non-Financial Subjects. After their registration, the Superintendence of Non-Financial Subjects will assign a Unique Registration Code (hereinafter “CUR”) to each […]
It can be heard said on the streets of Panama that boxing transcends sport in that country and is in fact a religion in itself. Several generations of people have grown up knowing that one of the greatest fighters of all time, Roberto “Manos de Piedra” (Hands of Stone) Duran, was born in that Central […]
The Government of Panama approved in a dialogue table with representatives of the passenger transport sector a temporary fuel subsidy and thus review certain incentives to lower the cost of tires and motor oil, among others, avoiding a strike announced for this Monday. “The strike has already been suspended because we have reached these agreements […]
The Panama Canal Authority said a record amount of tonnage passed through the waterway during fiscal year (FY) 2021, a milestone driven in large part by liquefied natural gas (LNG) cargoes, which saw the largest increase. “LNG is not only growing the fastest, but it has had its best year in terms of tonnage through […]
The whale shark is perhaps one of the most majestic of ocean creatures. The world’s largest fish, the whale shark (Rhincodon typus), is a plankton-loving giant that can be found alone or in groups in all tropical oceans. However, despite being a highly migratory species, little is known about how the different populations worldwide interact […]
Visit the tropical archipelago of San Blas, home of the Guna Yala people, for a more culturally enriching take on ‘beach paradise’ When you think of tropical isles, the images that most often spring to mind are blue skies and white sands. Or maybe lavish overwater villas and infinity pools. Culture rarely gets a look […]