(Panama America) Several high impact publications worldwide have rated Panama as the best destination to visit or as a must for touring this year, these being the New York Times and Forbes Magazine , U.S.. UU., And Chile, the daily La Tercera. The New York Times (NYT) is called the gray lady and the archive, referred to Panama with the title: "Go out into the channel and … [Read more...]
Houston-area pilots arrested in Panama were unknowingly snared in a botched money-laundering operation by the Drug Enforcement Administration
(Houston Chronicle) A ranking California congressman contends two Houston-area pilots arrested in Panama were unknowingly snared in a botched money-laundering operation by the Drug Enforcement Administration, which did nothing to stop the innocent Americans from going to prison. But sources told the Houston Chronicle on Saturday it was not a DEA case and the claims are … [Read more...]
Panama’s MD2 pineapple season is starting
(FreshPlaza) MD2 pineapple season is just starting with good weather. It has not rained in Panama as had been predicted by the weather forecasts. In the field purchase price is at its low point, although this is normal for this time of year. Javier Barria, pineapple exporter representing the Panamanian company Valle Dorado Fruit says that the low price may be due to low demand … [Read more...]
Panama Travel Review
(Forbes) Poised at the junction of North and South America, Panama possesses a laundry list of new attractions, hotspots and luxury hotels that are making it an up and coming travel destination—with the catalyst undoubtedly being the $5.25 billion Panama Canal expansion that’s underway and scheduled for completion in 2014. The aim is to allow a greater volume and size of ships … [Read more...]
Panama debt reduction successful
(Panama America) Panama ended today "successful" operation management to reduce liabilities by $ 521 million balance of the Global 2015 bond, which generates a 7.25% interest, with the idea of lowering your risk of refinancing, a source officer. The transaction included an exchange of $ 258 million Global Bond 2015 with bondholders by issuing 249 million new paper that … [Read more...]