(prensa.com) "The registration of vessels under Panamanian sovereignty increased 9% over the past two years, said today, Wednesday, the administrator of the Panama Maritime Authority (AMP), Roberto Linares. The official said these latest figures, Panama has 8 000 897 ships over 100 gross registered tons, representing more than 738 units in 2008, when 159 were reported 8 … [Read more...]
Panama oil exploration continues
(PanamaDigest) There might be oil in Panama, and the Department of Energy will be accepting the first bids for exploration permits and exploitation concessions in March. Secretary of Energy Juan Manuel Urriola says that there is classified information indicating that these resources can be found in the provinces of Azuero, Bocas del Toro and Darien. He added that his … [Read more...]
Starwood Aloft to open in Panama in 2012
(Prnewswire) Extending its reach in Latin America, Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced the debut of its fast-growing Aloft brand in Panama City, Panama set to open in December 2012. Located in the capital city of Panama, the newly constructed hotel is being developed by Nuevos Hoteles de Panama S.A. which will also operate the hotel … [Read more...]
$500 million Panama Bond placement in Japan a success
(PanamaAmerica) Panama today made the first placement "successful" of approximately $ 500 million in bonds on the capital market in Japan, seeking to diversify its funding sources, reported an official source. These bonds, known as "samurai" are backed Japan Bank for International Cooperation (JBIC, for its acronym in English), the Ministry of Economy and Finance (MEF) … [Read more...]
Movistar Panama interconnects to iBasis’ network
(Telegeography.com) It is understood that the IP-interconnect will allow Movistar to offer its subscribers lower-cost international calls at higher quality by leveraging the cost efficiencies offered by iBasis’ global network footprint, which includes both traditional TDM and advanced VoIP infrastructure. The connection meanwhile will also see iBasis extend its own … [Read more...]