(Panama Digest) The Intercontinental Hotels Group signed a franchise agreement on Thursday to open a new Holiday Inn Express in Panama City. This will be the sixth Intercontinental for Panama’s capital city which already includes the Miramar, Playa Bonita, the City of Knowledge Holiday Inn, the Crown Plaza Hotel and a Staybridge Suites currently under construction. The … [Read more...]
World Bank loans Panama $100 million
(Prensa.com) The World Bank (WB) Wednesday announced a $100 million loan to "consolidate the robust growth of the economy" of Panama with a plan to improve tax collection to expand social programs. The institution said in a statement that the Panamanian economy "has been one of the best in Latin America" and highlighted the government's plan to boost public investment … [Read more...]
The Best Place in Panama to Start a Business
(International Living) El Valle is the best place in Panama to start a business today. That’s according to Michael Ducharme. The 31-year-old Ontario native is something of a serial entrepreneur and has ventured into everything from the sauna building industry to teaching yoga. Michael scoured Panama from top to bottom, searching for the perfect place to open his yoga … [Read more...]
Mexican firm Coca-Cola Femsa buys Panama beverage company
(prensa.com) The Mexican company Coca-Cola Femsa, the largest bottler of Coca-Cola products worldwide in terms of sales volume, yesterday announced the closing of its purchase of Grupo Industrias Lácteas of Panama, which includes the brands Estrella Azul, Conservas Panameñas and Plásticos Modernos. Although the amount of the transaction was not released, analysts placed … [Read more...]
Copa Airlines Announces Nonstop Service Between Panama and Brazil
(PR Newswire) Copa Airlines, subsidiary of Copa Holdings, S.A. (NYSE: CPA), on June 18 will begin nonstop service four times a week between Panama City, Panama, and Brasilia, the capital of Brazil. Brasilia will be Copa Airlines' sixth Brazilian destination and its 56th destination overall. "Copa Airlines' new nonstop Brasilia service demonstrates our commitment to … [Read more...]