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Week in Review – November 7

FREE AGAIN

The US embassy announced that restrictions on newspapers La Estrella and El Siglo, two of Panama’s most prestigious and long-standing dailies, had been lifted after its owner, Abdul Waked, transferred 51% of his shares to a foundation, a measure that guarantees the continuity of the media, in what has been interpreted as a victory of freedom of expression.

SAVE FUND

If the law does not receive any modification, the savings instrument will not […]

Week in Review – Vol. 35#9 – June 27

NEW EXPANSION

A fourth set of locks on the Panama Canal could be built “If it becomes necessary” and a group of experts will start a feasibility study from October 1. However, there is still no decision, the administrator, Jorge Quijano told the news agency Efe.

HISTORY UNFOLDS

Between 2007 and 2015, during the expansion work of the Canal, 2,250 pieces of archaeological value were found, dating from different periods of the history of Panama: […]

Week in Review – Vol. 34 No. 15

LEAKING INFO

After leaks in one of the chambers of the new gate of the expansion project of the Panama Canal were found, engineers of GUPC, say that its designer, Montgomery Watson Harza, “is still assessing the cause of the problem and has not yet submitted a report to the Panama Canal Authority”. At least, this is the information that was released by the Panama Canal administrator, Jorge Luis Quijano.

INSIDE TRADING

“The Panama Maritime […]

Week in Review – Vol. 34 No. 10

National newsbriefs

ELECTION CALL

The Panamanian Association of Merchant Marine Officers (Apom) formally demanded that the Superior Council of the Panama International Maritime University (UMIP) “make an immediate call” for new elections for the rector. The request comes amid a legal dispute with the suspended rector, Victor Luna Barahona, claiming office after elections last October.

HELPING GREECE

After the financial crisis facing Greece, Panama ordered an extension until August 31 to pay taxes without interest […]

Week in Review – Vol. 33 No. 44

National newsbriefs

CANAL REVIVING

In fiscal year 2014, which ended on September 30, the Panama Canal Authority (ACP) handled a total of 326.4 million PCUMS tons (universal system of Panama Canal tonnage measurement) or a growth of 2% over the previous year. Although this is an increase of 6.3 million tons from 320.1 million PCUMS tons last year, it is still below the record of 333.2 million PCUMS tons set in 2012.

PORTS BOOMING

The […]

Week in Review – Vol. 33 No. 43

National newsbriefs

CARTER AWARDED

The Panama Canal administrator, Jorge Luis Quijano and the Minister of Canal Affairs, Roberto Roy, handed to former US President Jimmy Carter, the “Panama Canal Award” for the centenary of the waterway. The awarding took place at the Carter Center in Atlanta. The former American President guaranteed transfer, by signing the 1977 agreement with Panama on December 31, 1999 at “a political cost to himself,” noted the ACP in a statement.

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Week in Review – Vol. 33 No. 42

NON VIABLE CANAL

President Juan Carlos Varela said in Madrid that he could not see “economic viability” of the Nicaragua Canal, while he set the date for “early 2016” of the expansion of the Panama Canal. “Panama is well advanced in the expansion of its canal, i.e., we do not see much economic viability in a project to cost $70 billion,” said Varela, referring to the Nicaraguan project, when he spoke during a breakfast briefing […]