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NewsThe Indesa consulting firm revised downward its forecast for the country's economic growth yesterday, bumping it from 3.2 percent to 2.8 percent.
Indesa economist Guillermo Chapman indicated that the .04 slide was not entirely a suprise to the firm and had much to do with the depressed economic state being felt the world over.
"The global crisis is having a severe impact on the growth of Panama, which we and other analysts had anticipated. The main mechanism of ...
News
The dampening effects of inclement weather on the production of higher grade milk and an increasing demand for dairy products made from lower grades, such as cheese and yogurt has provoked some to worry about the possibility of a long-term disruption to country’s supply of Grade A and B milk.
During the first quarter of this year, overall milk production fell 9 percent, while evaporated and pasteurized milk dropped13.9 percent and 14.2 percent, respectively, according to the ...
News
Before leaving office, former Mayor Juan Carlos Navarro let pass the building permit for the controversial P.H. Plaza Independencia, despite warnings that it violated conservation and restoration norms in the capital’s Casco Viejo district.
Records indicate that Navarro took action in a roundabout manner, having his deputy, current Vice Mayor Ivan Arrocha, reject an appeal by ICOMOS Panama against then municipal engineer Jaime Salas, so as to allow work to continue on the ...
News
The proposal by the Bus Driver and Passenger Movement for modernizing the public transportation system is up and running.
Representatives of the Blue Bird bus manufacturer in Panama have agreed to negotiate a plan to finance a fleet of buses equipped with automated fare collection system. The sale of advertising space on the bus could help reduce the cost of the fare, which has been estimated at 60 cents.
While ...
News
Members of the Union of Construction Allied Workers (SUNTRACS) blocked the entrance to the former United States military base at Rodman, where a container port is under construction.
Rolando Bodil, a workers' representative, explained that the closure was a measure aimed at pressuring the Colombian subcontractor Álvaro During to comply with safety regulations and hiring requirements provided for by the the Labor ...
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