(Bloomberg) Shipments through the Panama Canal are on pace to climb to a record this year, surpassing levels set before the global economic slump, canal Chief Executive Officer Alberto Aleman said. Traffic volume increased about 20 million metric tons from October through March from the same period a year earlier, a 13 percent gain, Aleman said. Shipments for fiscal year … [Read more...]
Economists expect Panama to be off OECD gray list in 2011
(Prensa.com) The removal, in 2011, of Panama from the "grey lists" of the Organization for Economic Cooperation and Development (OECD), is expected to attract new investment and strengthen the International Banking Center (IBC) of the country. This, according to projections by Panamanian economists, such as Domingo Latorraca, from the consulting firm Deloitte and former … [Read more...]
The Panamanian Sabbatical: Recap, Relax and Reload
(The Panama Gringo) With the definition of the “American Dream” changing and ideas regarding how we’re supposed to work and live evolving, the sabbatical can be seen as an excellent route to self discovery, renewed faith or enlightenment of sorts. The word sabbatical is derived from the Latin word sabbaticus which means “ceasing”. Recent economic changes have driven many … [Read more...]
Panama’s Martinelli outlines efforts against crime, drug trafficking
(Tico Times) Panamanian President Ricardo Martinelli says his nation has made enormous strides in the fight against corruption, crime and drug trafficking in the two years since his May 3, 2009, landslide election victory. Speaking to a packed crowd April 29 at Washington’s Woodrow Wilson International Center the day after meeting with U.S. President Barack Obama at the … [Read more...]
Noriega could be called to trial in Panama
(Prensa.com) Former dictator of Panama, Manuel Antonio Noriega, who is currently serving time in France following a conviction for money-laundering, could be brought to trial in Panama soon for the death of opposition leader and trade unionist Heliodoro Portugal during the military regime (1968-1989). Prosecutor Sofanor Espinosa informed that they are awaiting … [Read more...]