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News Yesterday was not the best of days for the Chevron Texaco's regional office, which was simultaneously slapped with a $100,000 fine by the Ministry of Energy's National Directorate of Hydrocarbons and ordered to pay $27 billion for environmental destruction by a court in the United States.
Director of Hydrocarbons Wolfram González explained that the decision was made to fine the oil giant after failing to report ...
News
Two fundamental components of the country's basic food basket (BFB), a 5-pound bag of rice and a dozen eggs, fell several cents respectively between February and May, according to the Consumer Protection Authority. During that three-month period, the average price of rice dropped 4 cents, from $2.14 to $2.10, while a dozen eggs dove a dime to close $1.54.
Economist Alexis Soto attributed the fall in rice prices to the ...
NewsThe Japanese government has expressed interest in financing the metro project planned for Panama City, as reported yesterday by Masatoshi Wakabayashi of the special envoy of the Emperor of Japan.
Wakabayashi and fellow diplomats met yesterday with the country's new president, Ricardo Martinelli, Minister of the Presidency Jimmy Papadimitriu and Public Works Minister José Suárez.
"For Japan the most important thing ...
News
Long faces, tears and wistful smiles marked the final legislative session yesterday in the National Assembly and President Martín Torrijos and First Lady Vivian Fernández' official departure from the Palacio de las Garzas yesterday.
Rubén Blades' song "Patria," or "Homeland" played in the background as the Partido Revolucionario Democrático (PRD) head-of-state bid farewell to his supporters ...
NewsSome 85 percent of all zoning changes approved by the Ministry of Housing in recent months were not supported by technical studies as required by a 2006 law, reported Carlos Alvarado, a representative of the University of Panama to the Municipal Planning Board, a body that evaluates requests the zoning changes submitted to the ministry.
According to Alvarado, the ministry has approved about 70 changes despite their having been rejected ...
NewsThe communities of Las Cumbres and Altos de Praderas de San Antonio, in the San Miguelito district of the capital, enter into their fourth day without running water after Sunday's strong winds caused an electrical short at the local treatment plant.
Juan Antonio Ducruet, who left office yesterday as director of the country's water and sewage authority, Idaan, explained that the energy company Elektra Noreste continued repairs to the the electrical ...
News
President Ricardo Martinelli said that the economic problems surrounding the banana cooperative Coosemupar must be resolved as soon as possible and indicated that the government may not continue compensating its 2,800 unemployed workers wages for lost wages while a solution is sought.
"I understand that there is an international company interested, but the important thing is to change attitudes, stop fighting and sit down to talk ...
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