Press Room

Panama

PTY: Panama bids new Electricity Transmission Line

June, 2019

The Panamanian Official Transmission Company (ETESA) is calling for a Public Bid for the Supply, Assembly, Management and Operation of a 230 Kw Electricity Transmission Line from Sabanitas to Panama III. This infrastructure has an estimated budget of 98 million dollars, approximately.The program is...

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PN: Banning the use of plastic

May, 2019

In order to fight pollution of the oceans, Panama adopted the UN recommendations by passing, last year, Act 1 of 2018, becoming the first country in the region to approve measures against the use of plastic bags.This law granted a year and a half for the necessary adjustments, thus as of July 20th,...

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PN: New Transmission Line in Panama

May, 2019

New opportunity for the new Transmission Line in PanamaThe disqualification of the two proponents due to failure in complying with the minimum mandatory requirements, added to the lack of proposals from the other three prequalified companies, has opened to new investors, the opportunity to participa...

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PN: New due diligence rules for banks and fiduciary companies are established

May, 2019

By means of Agreement No. 0002-2019, the Banking Superintendence of Panama modified Agreement No. 10-2015 on the prevention of improper use of banking and fiduciary services. The new Agreement includes certain additional requisites which banks and fiduciary companies must take into account when dete...

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