More than 5 tons of drugs were seized off the coast of Panama after authorities spotted what appeared to be a semi-submersible vessel, the country’s ministry of public security said. Officers with Panama’s National Aeronaval Service were patrolling the country’s territorial waters Wednesday and found the “homemade” vessel near the province of Bocas del Toro, […]
Norwegian Cruise Line will introduce Panama Canal cruises in January 2021 that begin or end from either side of the Canal, in Colón or Panama City. As earlier reported here, NCL became the first line approved to benefit from Panama’s incentive to encourage homeporting by reimbursing the cost of Canal dues. The country is building […]
This is a 7.5 hectare or 18.5 acre finca located just off the road from Dolega to Portrerillos. See drone video #1 It is about 20 minutes from Boquete and easily reach by paved highway and a short gravel access road. See drone video #2 Turn back to Portrerillos at gas station and go 2.5 […]
Newsroom Panama posted this article. Ships passing through The Panama Canal began paying a water tax of up ro $10,000 on Saturday February 15 . For the use of fresh water they will pay , to enable the Canal authority (ACP) face the shortage derived from the climate crisis and to finance future plans to […]
AM 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 AM Best categorizes as strongest, as well as its […]
A new metro line for Panama City will run through a tunnel bored beneath the interoceanic canal to reach western suburbs, rather than passing over the canal alongside a planned new bridge as was originally anticipated as part of a broader $4 billion infrastructure project, authorities said Thursday. Agustín Arias, director of special projects for […]
My friend Geoffrey McRae at Gateway to South America posted this article and I have ordered the book from Amazon. This translated book begins with a foreword by left-wing writer Isabel Allende, and here is just one quote from her introduction of the book: “His work is a mixture of meticulous detail, political conviction, poetic flair, and good storytelling.” […]
The company of Chilean origin Latam Cargo began operations in the country and will offer its services on Tuesdays and Thursdays to cover the Miami-Panama-Bogotá route. Thursday, February 13, 2020 Directors of Tocumen International Airport informed that the refueling and cargo movement service offered by Latam Cargo will be operated with a Boeing 763 aircraft. […]
CIFI and BID Invest authorized a loan for West Report S.A. to develop, build and operate a hotel complex in Bocas del Toro. The new hotel, which will have 118 rooms, several restaurants, a spa and other meeting places for its guests, will be operated under the brand name Viceroy Hotels and Resorts, reported CIFI. […]
Changing the model of progress by betting on more complex and higher value-added activities, without restricting the entry of qualified foreign labor, is part of what the Panamanian business sector proposes to boost long-term economic growth. In a statement, the Chamber of Commerce, Industry and Agriculture of Panama (CCIAP) reflects on the need to […]