(Latin Business Chronicle) Panama is an active construction site. The widening of the canal, the knitting of a new highway network and the completion of mega-skyscrapers, requires one to wear a hard hat when walking out onto the street. With a GDP growth rate of almost 7 percent in 2010, and perhaps more than 9 percent in 2011, Panama shows no signs of slowing down. The … [Read more...]
Panama Seizes 3 Tons Liquid Cocaine
Panama's navy seized over three tons of liquid cocaine after intercepting a ship off the Atlantic coast. Authorities arrested one Colombian and one Spanish national. The ship, bearing a U.S. flag, had set off from Cartagena, on Colombia's Caribbean coast, and was bound for Honduras, reported EFE. It was intercepted in the sea close to the Panamanian province of … [Read more...]
Shoppers think big in Panama free trade zone
(Houston Chronicle) COLON, PANAMA - It's like a supersized wholesale club. Shoppers from across Latin America and the Caribbean flock to the Colon Free Trade Zone to buy everything from toys to tools. Instead of leaving with a few shopping bags full of goodies, these buyers typically order 20- and 40-foot-long containers stuffed with items they will resell. Bras, blenders … [Read more...]
The most expensive island in Panama
(Midiario) In Panama there are amazing things and every passing day we are surprised the value of our country. Today's digital media tourism, ecology and economics reporting that the world's most expensive island was in Panama and was the island of San Jose in the archipelago of Las Perlas. The site "elmundo.es" highlights the sale of this island territory: "If you have on … [Read more...]
Rains cause flooding in Panama City, Colón
(Prensa.com) Heavy rains caused flooding in both Panama City and Colón on Wednesday afternoon. In Colón, the rains resulted in 25 homes being flooded in the community of San Pedro. Inés Batalla, one of those affected by the flooding, said that the area usually has problems with flooding during periods of heavy rains. Representative Tilio Meneses, who arrived to survey the … [Read more...]