Investment

Panama facing airspace overhaul challenge

Panamá necesita entrenar a más operadores de tráfico aéreo.

Panama is planning to modernise its airspace to support how it manages to forecast annual increase in international traffic of 5 per cent.

Experts of the International Air Transport Association (IATA), the University of Texas at Arlington (UTA), Boeing, the Federal Aviation Authority and the country’s air navigation services provider met at the Technological University of Panama (UTP) in late June.

Panamanian Air Navigation Service Provider (ANSP) director Flora Silvera explained that the challenges and […]

Wingo consolidate in Panama and region in first six months

Wingo es la primera aerolínea panameña de bajo costo.

The Colombian airline Wingo, a subsidiary of Copa Holdings, in six months of operations in Panama, has sold more than $38 million and carried more than 334,000 passengers.

The low-cost airline started low-cost flights depart from Panama with direct flights to four cities – San José (Costa Rica) Cali, Medellín and Bogotá (Colombia).

In February the company inaugurated the Panama-Cartagena-Panama route.

At the moment Wingo does not plan to fly to a new destination, but […]

Panama Pacific Cruise Terminal awarded

Una terminal de crucero se construirá en Calzada Amador.

The consortium Cruceros del Pacifico, consisting of the Belgian company Jan De Nul and China Harbour Engineering Company Limited, will build the cruise ship terminal on Perico Island, on the Amador causeway.

The consortium committed to reducing its economic offer to meet the reference price set by the Panama Maritime Authority.

The companies had offered $197 million, exceeding by $31 million the amount set by the entity. Article 23, point 23, of Law 22, which […]

Shipping company wants to link Dominican Republic with Puerto Rico

Balearia quiere conectar República Dominicana con Puerto Rico.

Spanish shipping company, Balearia, is interested in connecting the Dominican Republic with Puerto Rico, said the Dominican Chancellor, Miguel Vargas, who has met with executives of that company to discuss the issue.

“I have held meetings with the top executives of Balearia, a large Spanish shipping company that offers services in the Mediterranean and also in Florida and the Bahamas,” said Vargas during a conference he gave a few days ago at a lunch organized […]

Dry Canal project remains on track

The partners in the Guatemala Technology Corridor Project (CTG) presented the advances of the private public alliance that looks towards a dry canal to unite the oceans and facilitate commercial activity and that could be ready in 2022.

The Liaison Office for Latin America (Odepal) presented the Interoceanic Corridor of Guatemala project of national interest for development with the participation of foreign investors.

This will be the most important work of this millennium in the […]

Fourth Industrial Revolution is changing the world

Cuarta Revolución Industrial está cambiando al mundo

The best companies have understood this revolution and have already begun the process of adaptation. The change is obvious and inevitable and has become more noticeable in the last decade, noting that everything has been digitized or is in that process.

The Panamanian Association of Business Executives (APEDE) within its organizational scheme, that the brand event, which is the annual Conference of Executives (CADE) begun in 1966 and only interrupted in 1988, due to the […]

CMP: The State must join forces Port of Corozal requires final push

Panamá esta lista para un nuevo puerto

Por Franklin Castrellón

Following the absence of proposals by the four global port operators that had prequalified to develop and operate the port of Corozal on the Pacific side of the Canal, the Panama Chamber of Shipping (CMP) called on the Canal Authority, the Judicial Branch and the Legislative Branch to resolve the problems that prevented the submission of proposals and to promote the implementation of that project.

CMP President, Rommel Troetsch, believes that there […]