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Category: Business

Coverage of Panama’s corporate world, markets, startups, and trade developments. We provide news, analysis, and practical insights for business leaders and entrepreneurs.

The Controversy that Marked the Education Minister Lucy Molinar’s Departure Was All About the Laptops.

Education Minister Lucy Molinar resigned on August 12 amid controversy over the purchase of laptops for teachers. The Attorney General’s Office is investigating the purchase of 54,000 laptops for teachers for $28.4 million, while 531,250 computers for students remain unawarded. The post The Controversy that Marked the Education Minister Lucy Molinar’s Departure Was All About the Laptops. appeared first on Newsroom Panama.

More Lanes with a Marine Viaduct and a ‘Free Flow’ Toll. The Southern Corridor will Change Completely.

The Southern Corridor will expand its capacity by 17 kilometers and replace toll booths with an electronic ‘Free Flow’ system, while the project will generate changes in traffic and pressure on marine-coastal ecosystems. The post More Lanes with a Marine Viaduct and a ‘Free Flow’ Toll. The Southern Corridor will Change Completely. appeared first on Newsroom Panama.

Oil Prices Soar in Panama as US Demands Iran to Open the Strait of Hormuz

Below are ships on the strait of Hormuz. Oil prices surged 5% on Monday, driven by market concerns over divergent conditions set by the United States and Iran for unblocking the Strait of Hormuz. The oil market, which last week was betting on an agreement between the parties, is now worried about the diplomatic stalemate. The post Oil Prices Soar in Panama as US Demands Iran to Open the Strait of Hormuz appeared first on Newsroom Panama.

The Number of Those Charged with Embezzlement Rises to 99: Parallel Decentralization

The investigation into the use of decentralization funds began after a series of audits by the Comptroller General of the Republic. The Anti-Corruption Prosecutor’s Office arrested several former district representatives and treasurers for alleged embezzlement in the handling of decentralization funds. The post The Number of Those Charged with Embezzlement Rises to 99: Parallel Decentralization appeared first on Newsroom Panama.

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