Canal tonnage up 9.5% over previous year
The Panama Canal closed the fiscal year 2018 (Oct. 1, 2017 – Sep. 30, 2018) with a record of 442.1 million ton transited, an increase of 9.5% compared to the previous [Read more]
Panama
Cable Onda sells 80% of stock to Millicom
Cable Onda the largest provider of pay television and fixed telecommunications services in Panama, has sold 80 percent of its shares to Millicom International Cellular [Read more]
Infrastructure spending and debt get Assembly ok
PANAMA’S Government plans a spending binge on infrastructure projects to energize the economy and could increase public outlay this year by $300 million this year. After a [Read more]
Panama economy on sound foundations-IMF
The International Monetary Fund (IMF) says that Panama’s economy has solid foundations, but it showed a deactivation” in the first half of the year, with an [Read more]
Panama $1.4 billion bridge gets cabinet OK
Panama’s Cabinet has given the go-ahead for the $1.4 billion fourth bridge over the Panama Canal, as a “turnkey” project that will not be finished until [Read more]
25,000 jobs lost with Panama tourism in critical state
PANAMA tourism is in a critical state with 25,000 jobs lost in the last two years and businesses closing says The Chamber of Commerce, Industries and Agriculture, [Read more]
Panama’s GDP growth lowest since global financial crisis
PANAMA’S gross domestic product (GDP) climbed 3.7% to $2.0393 billion, in the first half pf 2018, the lowest rate of growth of the economy in one semester since the [Read more]
Panama public debt nears $25 billion
The balance of public debt at the end of August was $24.721 billion, up by $1.667 billion from the previous year. In the last month, the debt grew by $334.8 million, reports [Read more]
US-China trade war could hit Panama Canal revenues
A trade war between the United States and China, the two biggest users of the Panama Canal could affect the movement of cargo and revenues through the waterway says [Read more]
New opportunities for tainted contractor
The besmirched Brazilian construction giant Odebrecht, which confessed to paying scores of millions in bribes to obtain previous contracts is back on the bid list of the [Read more]