Archive for April, 2008

30 Apr

Petaquilla and Teck disagree over Panama deal

The Canadian Press VANCOUVER — Petaquilla Copper Ltd. said Tuesday that Teck Cominco Ltd. has failed to satisfy the conditions of its deal for a stake in the Petaquilla copper property in Panama, a claim denied by the company. Petaquilla said it believes Teck Cominco failed to satisfy the conditions for making a final commitment […]

30 Apr

36 Tons of Explosives Used in Panama Canal Expansion Blasting

La Prensa - With the simultaneous detonation of 36 tons of explosives yesterday, the height of “Cerro Paraíso” was reduced from 136 meters to 55 meters. The explosion is, according to the Panama Canal Authority, the second largest blasting operation since the start of the project to expand the Panama Canal on 3 September 2007. […]

29 Apr

Panama stomps out smoking in clubs, pubs and restaurants

By Alex Leff for the Tico Times - Smoking cigarettes in offices, bars, restaurants and nightclubs is against the law in Panama after a smoking ban took effect last week – and residents say its working. “You could tell the difference immediately,” says Mario Fonseca, a lawyer in Panama City. Fonseca says he’s not a […]

29 Apr

FARC Accused of Kidnapping American Businessman in Panama

By JASON RYAN and KIRIT RADIA for ABC News - Photos of three Americans held by Colombian guerrillas are displayed prominently in the lobby of the U.S. Embassy in Bogota — and there might soon be an addition to that wall. U.S. officials say members of the rebel group Revolutionary Armed Forces of Colombia (FARC) […]

28 Apr

Trump Tower developer gets order of protection

The developer is looking to prevent a Middle Eastern group from derailing the project.
At issue is the building’s design, which resembles an existing structure built 10 years ago in Dubai.
The developers of the Trump Tower have received a court order that is aimed at protecting the project from rumors about potential legal problems with the […]

28 Apr

Escape Confines of Canal

DIGG They stay on ships cruising the Panama Canal, a grand sluice carved from the narrow isthmus more than 100 years ago that remains one of the greatest engineering marvels in the world. It’s a daylong trip with vistas of rain forests, lakes and three sets of gigantic locks. Then the ships exit on […]

27 Apr

General economic boom boosts wages across the board

Demand for services and skilled labor has increased the average salary earned by blue-collar workers
A growing population of ex-patriates has contributed to the overall rise in wages
The last four years of the strong economic growth has served to better not only the salaries of Panama´s white-collar professionals. Although bank executives, Canal workers and […]

27 Apr

UN officials want to disarm Panamanians

The fallacy of the argument against citizens baring arms can clearly be seen in this short article. The UN is making suggestions about the Panama firearms regulations that will greatly add to the cost and hassle for law abiding citizens to have a gun and do absolutely nothing to inhibit the criminal from acquiring them. […]

27 Apr

Food in abundance, but at a price too high for many in Panama

For most of us foreigners living in Panama, the run up in the price of rice and beans has had little effect on our lifestyle, but for hundreds of thousands of people in Panama who make it a staple part of their diet, this is the worst news they can get. Even though the country […]

27 Apr

Government has food relief plan

Mida presented a plan yesterday aimed at helping agricultural producers and consumers while food prices keep rising.
At least one group representing local growers argues that the government’s proposal will not solve the problem.
The Ministerio de Desarrollo Agropecuario (Mida) announced yesterday the measures it will take to combat the scarcity and high cost of food.
The […]