Casco Viejo, Panama City’s historic district, is getting ready for a $35 million upgrade that will revamp its streets, put cables underground and work on the sewer system. On Monday and Tuesday this week, the Office of Casco Antiguo, along with the Ministry of Public Works and the Odebrecht construction company, will reach out...
Panama’s Tocumen International Airport has a new terminal. Known as the Northern Terminal, the 226 square-foot, $100 million project adds 12 new gates to increase the airport’s capacity by 50 percent. Construction of the Southern Terminal with two dozen more gates is scheduled for the fourth quarter of this year. Facial recognition software arrives...
Panama announced that it has formalized diplomatic relations with Mongolia. The Ministry of Foreign Relations said that the countries have agreed to a relationship based on the terms of the 1961 Vienna Convention, United Nations principles and international law. Broadly speaking, the idea is to develop a friendly and cooperative political, economic and humanitarian...
Panamanian Gustavo Alberto Newton Herrera has been implicated in a corruption and money-laundering scandal with ties to the very heart of the Spanish Royal family. Newton Herrera, age 50 and with offices listed in Century Tower in Panama City, is believed to have served as a front man for the alleged shady tax haven...
Panama Canal expansion workers have been on strike since Monday to ask for better wages and benefits. ”Work is completely paralyzed, on the Pacific and the Atlantic side,” Saul Mendez, head of the National Union of Workers in Construction and Allied Industries, the largest in Panama, told AFP. They are demanding that basic pay...
Developers and owners of Casco Viejo real estate will be working with updated tax and financial incentives. The incentives, last updated by law in 1997, provide special incentives for restoration and enhancement of the historic district. These, however, expired in 1997 and have been in a bit of limbo since. Once passed by the National Assembly,...
