(BBC) Panama's National Assembly has repealed a controversial law allowing the sale of land in the Colon Free Zone, Latin America's biggest duty-free zone. "An error has been corrected," said the Speaker Sergio Galvez after the measure passed. The vote followed more than a week of violent protests in Colon and in Panama City in which at least three people died, including a … [Read more...]
Panama among the best places to do business in Latin America
(Prensa.com) The World Bank (WB) said today "encouraging" and "important" efforts to improve business regulation in Latin America, with Panama, Chile, Peru, Colombia and Mexico to the head, while watching other setbacks as Argentina and Venezuela. Data is collected in the study, "Doing Business 2013: Smart Regulations for Small and Medium Enterprises" held jointly with the … [Read more...]
Panama Canal cargo at record high
(Channelnewsasia.com)Ā A record amount of cargo crossed the Panama Canal over the past 12 months, largely fuelled by economic growth in Latin America, the waterway's top administrator said. Nearly 334 million tonnes of cargo crossed the canal during fiscal year 2011 -- which ended September 30 -- a jump from 322 million tonnes the previous year, said Panama Canal … [Read more...]
Panama Canal Implements Green Building Policy
(Maritime Executive) The Panama Canal will implement more sound āGreen Buildingā practices with regards to future constructions in order to improve compatibility with the environment. Green Construction, also known as Sustainable Building, refers to designing building structures using processes and materials that are environmentally responsible and efficient during the life … [Read more...]
Panama Canal widening to redefine global trade patterns
(Kansascity.com) The nature of global trade is about to change.The Panama Canal will soon have a third lane that can accommodate mega-ships nearly three times larger than any vessel that has ever transited the isthmus over the past century. It might not seem like earth-shaking news. But the impact will ripple around the world, from shipyards in South Korea to highways in … [Read more...]