(prensa.com) Senator John McCain scored the eventual adoption of a free trade agreement between that nation and Colombia as a "great debt" of the U.S. legislative branch. "I strongly agree with the ratification of an FTA with Colombia," said former presidential candidate McCain during his visit to Colombia, and upon agreeing to a press conference - with Spanish … [Read more...]
Panama coffee prices heading for increase this year
(NewsroomPanama) Your early morning jump start to the day is going to cost you a lot more in 2011. Record rainfalls during the past year have dramatically reduced coffee production in Panama. One major producer forecasts that prices for a pound of specialty coffee will rise as much as 20 percent in the coming months. There are 62 coffee brands produced in Panama, mainly … [Read more...]
Panama in Seach for Oil & Gas
(PanamaInvestorBlog) The state will spend $ 90,000 for this study, while the Andean Development Corporation will contribute $ 476 000 through a non-reimbursable fund. The Minister of Finance Alberto Vallarino said that studies are carried out throughout the country, and mentioned areas in Bocas del Toro, on the border with Costa Rica, south of Chiriqui, in the Gulf of … [Read more...]
Panama Tourism is Booming
LA PRENSA| In recent years the face of tourism in Panama Europe and Latin America also show (Prensa.com) According to the Panama Tourism Authority (PTA), recorded before the boom of tourism in this country, the sectors involved are improving the infrastructure that supports this activity. As part of this development, the hotel industry has decided to expand its … [Read more...]
Panama casino operators hit the jackpot
(NewsroomPanama) Casino operators in Panama have hit the jackpot with gross earnings of over $1.6 billion over 10 years. The profits go to six companies that have concessions to operate casinos, but the main players are Codere, of Spain, operating five casinos branded as Crown Casino and six Fiesta Casinos owned by Thunderbird. There are a total of 16 casinos, soon rising … [Read more...]