(Fox News Latino) Some 900 million barrels of crude oil have been detected at two basins in eastern Panama, representing a potential contribution to the country's coffers of $15 billion over 20 years, the National Energy Secretariat said. A geological study conducted by Venezuelan firm OTS detected the deposits in the Garachine-Sambu and Bayano-Chucunaque-Atrato basins of … [Read more...]
Panama and Colombia Will Connect Power Grids
(Panama Digest) Panama and Colombia will invest $420 to build a 381.5-mile power line between the two countries. Colombia’s Minister of Mining and Energy Carlos Rodado said that each of the countries will contribute half of the money for the project. The line will carry a capacity of 14,000 mega volts from Cordoba, Colombia along the Caribbean coast to Panama. It will … [Read more...]
What’s the best beach for a day trip from Panama City?
(Panama Gringo) This is a question I inquire to locals on a regular basis and I rarely receive the same response. As Panama is an isthmus there are more than a plethora of beaches to choose from so you can imagine many people have different opinions. Another factor that seems to influence people’s decisions is where they are from. Panama City is a massive melting pot of … [Read more...]
Latin American Growth to Cool – Except Panama
(GlobeSt.com) For the past two years, the commercial real estate news out of South and Central America has been that Brazil has been exploding with growth, while Mexico is struggling due to a crime problem. Now, as prices rise due to Brazil’s success, the region is seeing the smaller countries rise to the top, including Panama and Costa Rica, according to a recently released … [Read more...]
SUNTRACS and other groups protesting in the Plaza 5 de May
(Prensa.com) Members of the Sole Union of Construction and Allied Workers (SUNTRACS) and other groups in the country are concentrated in the Plaza 5 de Mayo to demand response to requests that have made the government of President Ricardo Martinelli. The shortages of drugs, justice for victims of KPC bacteria, supplies for workers in the Social Security Fund, are some of the … [Read more...]