Panama ponders on accepting oil or gas from Venezuela to settle accounts

For Panamanian vice-president and foreign minister, "all the options are on the table" (TODAY PANAMA) Swap of oil or natural gas for the millions of dollars owed by Venezuela to Panamanian businesses is among the...

Panamanians Consuming More Eggs

  (TODAY PANAMA) In 2014 production of 538 million eggs was recorded, an increase of 57% compared with 2005, when there were 342 million. The annual per capita consumption rose from 102 units in 2005 to...

Uber Disconnects 90% of Its Drivers In Panama

Uber in Panama announced that from 4:00 pm Friday, November 24, it began a test of what would be the service in line with the government decree of October 31, 2017. Uber said this means...

Panamanian Coffee At $85 a Cup In Singapore

Starting in November, two cafés in Singapore will charge $85 for a cup of geisha coffee from Panama’s Hacienda La Esmeralda, according to the Straits Times. The coffee, grown in the Boquete highlands of Chiriqui...

Panama Canal reshapes LPG trade

Shipments are growing of liquefied petroleum gas, or LPG, from the United States to markets on the west coast of South America, as well as Asia, via the expanded Panama Canal. Big gas tankers currently...

Odebrecht cut from airport bidding

ODEBRECHT, The Brazilian Construction  Company that gave major election campaign donations to the Panamenista Party via the man who is now manager of Tocumen SA . and the party’s   treasurer will be disqualified from...

Growing Labor Shortage in Panama

TODAY PANAMA - Projections are that for the five year period between 2015-2020 there will be a shortfall of 70,000 workers in the sectors of construction, logistics, tourism and agriculture. According to the National Competitiveness...

Drug Trafficking Groups Unleash Violence in Panama

(Prensa Latina) The recent bloodsheds in different sites of the country have been causing fear among the population today and concern in the Panamanian authorities, who state that violence comes from organized drug trafficking...

Emirates announces world’s longest non-stop flight from Dubai to…

TODAY PANAMA - Emirates will become the holder of the longest continuous airline route in the world with its planned service between Dubai and Panama City that will launch in February next year. The flight...

UNESCO Recognizes Panama’s Hats: No, Not The Panama Hat, The Other One

LA PINTADA, Panama (AP) — Cultural authorities at UNESCO have recognized the artisans of Panama for their distinctive woven hats. No, not those hats; the famed “Panama hat” comes from Ecuador. Panama’s real contribution to...

The Franchising Business in Panama

The sectors of gastronomy, services and clothing is where most of the more than 200 franchise chains, including both Panamanian and international, that operate in the country are concentrated. As in other countries in the...

Chinese Tourists Coming To Panama

TODAY PANAMA - Businessmen from the Panamanian tourist sector welcome the arrival of Air China flights in March 2018, but consider it will be a challenge to attract a type of tourist that seems...

Panama Tourist Spending Continues to Slow Down

From January to October 2017, tourist spending grew by only 1.6% compared to the same period in 2016, significantly lower than the 13% recorded between 2015 and 2016. According to figures from the Office of...

Transit Board Conflict of Interest Probe

An investigation of all the members of the Board of Directors of the Transit Authority (ATTT) was initiated on Thursday, November 30, by the National Transparency Authority Against Corruption (Antai). The investigation is to discover...

Panama Indigenous Shine Light on Deforestation Caused by Illegal Activity

A documentary by indigenous communities in Panama has cast light on the catastrophic effect of illegal logging and ranching on the country's rainforest, in another example of the impact of criminal activity on rural...

A New Contender Has Emerged for the Best Credit in Latin America

If you had to name the country that bond investors consider to be the best credit in all of Latin America, which would you guess? Chile, many of you will be inclined to blurt out....

Panama Hotel Votes to Drop Trump, But His Company Won’t Go

(VOA) The owners of a Trump-branded hotel in Panama sued President Donald Trump's family-owned company in federal court Tuesday, alleging that the namesake business committed mismanagement and fraud. The lawsuit includes previously confidential arbitration filings...

LATEST

Chinese Railroad in Panama?

A rail line connecting Panama City and David is the first of several joint infrastructure projects to be studied, as part of a cooperation...

The Never Ending Tariff Conflict between Panama and Colombia

The Panamanian government has decided to increase, in some cases by up to 30%, import tariffs on several products, including flowers, cement and bituminous...

Panama Car Sales Down 14%

At the end of November 2017, the downward trend continued, adding up to almost 53 thousand new vehicles registered since January, 13.8% less than...

Moody’s gives Canal expansion thumbs up

Eighteen months after the expansion of the Panama Canal began to operate, its performance exceeded expectations. According to a new Moody’s Investors Service report,...

US judge backs extradition of ex-Panama president Martinelli

MIAMI — A Miami federal judge on Tuesday upheld the extradition request for former Panama president Ricardo Martinelli to face political espionage and embezzlement...

Panama Says It Will Comply With Inter-American Court Same-Sex Marriage Ruling

The government of Panama said it plans to comply with a landmark Inter-American Court of Human Rights ruling that recognizes same-sex marriage and transgender...

Panama Hotel Votes to Drop Trump, But His Company Won’t Go

(VOA) The owners of a Trump-branded hotel in Panama sued President Donald Trump's family-owned company in federal court Tuesday, alleging that the namesake business...

US Ambassador to Panama Resigns, Says Cannot Serve Trump

(Reuters) U.S. Ambassador to Panama John Feeley, a career diplomat and former Marine Corps helicopter pilot, has resigned, telling the State Department he no...

A New Contender Has Emerged for the Best Credit in Latin America

If you had to name the country that bond investors consider to be the best credit in all of Latin America, which would you...

Panama Tourist Spending Continues to Slow Down

From January to October 2017, tourist spending grew by only 1.6% compared to the same period in 2016, significantly lower than the 13% recorded...