During November 2019, the Monthly Index of Economic Activity reported a 3.6% year-on-year change, which was largely determined by commercial activities and financial intermediation. Among the categories of economic activity showing positive behavior were: commerce, transportation, storage and communications, public administration, financial intermediation, agriculture, electricity and water, mining and quarrying, and domestic services, reported the […]
In order to increase hotel occupancy in Panama, business people believe that the country should focus on attracting clients in the segment of meetings, conferences, exhibitions and congresses, events that could become the lifeline of the sector. According to reports from the General Comptroller of the Republic, in October 2019, hotels in Panama City reported […]
The Panamanian government has authorized Forever Oceans Panama, S.A. to invest $50 million in a fish farming project in Charco Azul Bay, Puerto Armuelles. Aquatic Resources Authority (ARAP) administrator Flor Torrijos handed over the resolution authorizing the fish farming operation in an area of more than 58,000 hectares to company representatives, the Presidency reported. You […]
A mixed-use complex is planned to be built in the district of San Francisco, Panama, consisting of two towers, which will have commercial premises and will also house 288 apartments. Bienes Le Parc, S.A. submitted to the Ministry of Environment the Environmental Impact Assessment (EIA) called “P.H. Le Parc Reisdences.” In the new complex there […]
Panama’s government has accepted for review Sinolam Smarter Energy LNG Power’s EIS for the operation of the floating storage unit (FSU) for the LNG terminal as part of the company’s 441MW Gas to Power Panama (GTPP) project. GTPP would be the country’s second such undertaking, after AES Colón brought online an LNG reception terminal and […]
If Carnival was not crazy enough in Las Tablas, see what is coming!! Sech and his team, otherwise known as El Bloke, are throwing a music festival in Panama for Carnaval, which runs through the last week of February and into March in a few provinces. It’s summer on the isthmus right now (cries in […]
With the participation of delegates from 35 countries of the Americas, who represent national commissions and confederations of amateur boxing, this Saturday morning began the Continental Forum of the International Amateur Boxing Association (AIBA), at the convention center of the Westin Playa Bonita Hotel, in Panama City, Panama. The forum was chaired by AIBA interim […]
Wow, a well positioned hotel in the right part of the City at a great price! Marriott International today announced the highly anticipated opening of the first Residence Inn in Panama City. With properties located in the United States, Canada, Europe, Middle East and Central America, Residence Inn is the global leader in the longer-stays […]
The rise of the Internet as a means of organizing and booking travel is generating headaches for companies in the sector, which agree that the strategy should be to focus on marketing complete packages in very specific market niches. The difficult financial situation that the agency Viajes Colon is going through in Costa Rica is […]
“Dollarization is the best barrier to defend (the poor especially) from political crises,” declares the “father of dollarization” in Ecuador. The dollarized economy in Ecuador is turning 20. Amid a continent shaken by political instability driven by the region’s left, Ecuador has maintained low inflation and a stable currency. At the time of its disappearance […]