Ensuring the resources of the Mixed Fund for Tourism Promotion and the formalization of the administration of the Amador Convention Center are actions that the business sector of Panama proposes to the new authorities to reactivate the activity of the sector. Although in the last year the country reached 2.48 million tourists, spending $4,605 million, […]
Up to March of this year, the total unemployment rate reached 6.4%, above the 5.8% reported at the end of March 2018. When analyzing by area, urban showed a 7.2% rate in the third month of 2019, which is higher than that recorded in rural areas, whose rate was 4.2%, reported the General Comptroller of […]
The government approved the implementation of a security seal to be used for transport in closed containers of wood for export from commercial plantations. Resolution No. DM-0193-2019, published in the Gaceta Oficial at the beginning of June, establishes that the Asociación Nacional de Reforestadores y Afines de Panamá (Anarap) is authorized to supply security seals […]
In Panama, a residential complex consisting of 197 homes is planned to be built on a plot of land of approximately six hectares, located in Coclé. Housing Realty Group, S.A. presented the Environmental Impact Study (EIA) to the Ministry of the Environment to develop the project called “Los Molinos Village House.” The project consists of […]
This is a huge plus for Panama and a step in the right direction by our new President. President Cortizo announced the implementation of a plan that contemplates expanding the preferential interest rate for homes with prices of up to $180,000. During his inauguration, Laurentino Cortizo announced that he will implement a plan to reactivate […]
Michael McDonald writes in Bloomberg of the costs to Panama. The trade tension between the U.S. and China is making waves at the Panama Canal. Cargo from the U.S. to China going through the key waterway has slumped this year as the Asian giant cuts its imports of American food and fuel, according to Panama […]
By Marianna Parraga and Elida Moreno PANAMA CITY, July 12 (Reuters) – Panama will withdraw its flag from more vessels that violate sanctions and international legislation, the country’s maritime authority told Reuters, following the removal of about 60 ships linked to Iran and Syria from the Panamanian registry in recent months. After the re-imposition of sanctions […]
A suspension “until further notice” of the latest round of draft restrictions on ships using the Panama Canal was issued yesterday by the Canal Authority. Dry conditions are likely to continue throughout July and may last to the end of the year. The current maximum authorized draft of 44.0 feet (13.41 meters) Tropical Fresh Water, […]
The first batch of imported beef from Panama has entered the Chinese market, Shanghai customs office said Wednesday. The imported Panamanian beef, weighing 23 tonnes, is part of new bilateral trade agreements between the two countries. The beef left Panama on June 22 and was transported to China by sea. Beef is Panama’s second export […]
Patricia Tortolani writes in Ocean Drive magazine where she covers one of my favorite places, Isla Palenque. A lot has been done on the island including the world class beach resort now with beach front casitas. re you going to be Fyre Festivaled? Does this place even exist? Has anyone you know been there? These […]