After the year-on-year variation in economic activity fell from 3.7% to 2.9% between February and March, the rise in April was again 2.9%. The Monthly Index of Economic Activity (IMAE) in the Republic grew by 3.29% for January-April 2019 compared to the same period in 2019. The monthly year-on-year variation referred to April 2019 was […]
In Panama, the construction of the 230 Kv Sabanitas – Panama III Transmission Line and associated substations is tendered. “The contract includes the performance of the following works: -Supply, Assembly and works related to the Construction of the Panama III Sabanitas Line, specifically from the Mocambo sector where the Panama III Substation will be located […]
First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX:FM) announced today that the first shipment of copper concentrate from Cobre Panama has left port. This shipment is the first from the operation and a significant milestone of the ongoing ramp-up. Cobre Panama is the Company’s newest operation located in the district of Donoso, Colon province, […]
Thousands of migrants travel through Central America each year in a bid to reach the United States. Antonio V., who left Angola in February, spoke to the Observers about his journey across Panama, where he encountered armed bandits, venomous snakes and roads littered with the bodies of those who didn’t make it. More than 10,000 […]
In Panama, the elected government will have among its main challenges to facilitate the necessary conditions for the reactivation of construction in the country, which has reported negative figures for the last two years. Since the beginning of 2017 investments in construction in the country have decreased and the situation does not seem to improve. […]
The project finance in Panama is expected to grow sharply as the new administration of President Laurentino Cortizo revives a number of dormant projects. “Many projects that were held last year are being reactivated. The construction sector is going to grow and so will financing for companies and suppliers,” a ratings analyst told LatinFinance. Panama’s project […]
A competitive bidding process for the long-proposed Colombia-Panama electricity link could be launched next year, a senior Colombian energy official told BNamericas on Friday. Ricardo Ramírez, the director general of Colombian energy ministry planning unit UPME, said the entity is currently drafting bidding and contract terms for the works. “Our idea is that we could […]
Panama has been placed back on an international money laundering watchlist by the Financial Action Task Force (FATF), the Central American country’s economy minister announced Friday. “Despite recognizing the progress made by Panama and its political commitment at the highest level, the FATF plenary held this week approved that Panama be included” on the list, […]
The low water level of rivers is affecting the Panama Canal, whose restrictions in draft for the ships that go through it has caused 40 million dollars in expenses. According to the executive vice president of the Panama Canal Authority (ACP), Carlos Vargas, so far this year, the interoceanic route has reported the driest […]
Panamanian President Juan Carlos Varela (C) shakes hands with a staff member of beef exporter and meatpacker Carnes de Cocle in Las Tablas of Los Santos, Panama, June 22, 2019. The first container of Panamanian beef bound for China was shipped Saturday from the Pacific coast port of Balboa as part of new bilateral trade […]