PANAMA CITY (Reuters) - One of the world's greatest engineering marvels is being overhauled as work crews blast through hills to widen and deepen the Panama Canal to make room for a new generation of mega-ships. Defying the world economic downturn, Panama is spending $5.25 billion in the first major expansion of the canal since it was opened in 1914. It is a monumental undertaking that promises to shake up global trade routes, making it easier and cheaper to transport Asian goods to the eastern United States and giving China better access to Latin American oil and other commodities. "The whole Panama Canal expansion ...
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Manuel Solis, who served briefly as president during Manuel Noriega's military regime, died Friday. He was 91. Solis died at his home from respiratory failure, said Mitchell Doens, the secretary general of the Democratic Revolutionary Party to which Solis belonged. Solis served as education minister during the military regime dominated by Noriega and then was named acting president in February 1988 after President Eric Arturo Del Valle was fired. He ruled until Sept. 1, 1989. Doens said Solis fought for Panama's sovereignty and led the movement in the 1940s against U.S. military presence in the Central American country, where the U.S. built and ran ...
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An incredible country, Panama offers an impressive number of opportunities for those who want to invest in real estate. As America confronts a housing crisis, more and more people are turning to Panama real estate. A major destination for tourists and foreign investors, this country has something unique. If you are interested in buying real estate in Panama, then you better keep on reading. Whether you are looking for smart investments, a home destination or simply a place to retire, Panama has got it all. You can search the web and discover a company specialized in Panama real estate, finding all about the opportunities ...
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Panama’s business environment presents a favorable image to foreign and local investors alike. Panama City the principal commercial center followed by the Colon Free Trade Zone. Panamanian economy has experienced very dynamic growth in the past years, after suffering setbacks brought by the Noriega administration and the sluggish growth in 2000-2002. Industries behind this dynamic growth are transportation (including the Panama Canal, the container transshipment ports, railroads, air transport and domestic passengers and cargo transportation), the Colon Free Trade Zone, construction, wholesale and retail trade, restaurants and hotels, communications, financial intermediation and real estate activities.
Doing business in Panama is convenient because Panama uses ...
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Former Panamanian president Guillermo Endara, who led the country's transition to democracy after the ousting of military strongman Manuel Noriega, has died at the age of 73. Endara "was a great man and a good friend," said President Ricardo Martinelli announcing his predecessor and some-time political opponent's death from a suspected heart attack on Monday. He was president of Panama between 1989 and 1994. Endara's victory in May 1989 elections and its rejection by Noriega spurred widespread discontent at the general's rule, culminating in a US invasion at the end of that year. Legislators in Panama's national assembly, who on Monday were gathered as ...
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