Welcome to the Panama Weekly News Roundup! Here鈥檚 the latest.
Panama to ratify Hong Kong Convention on ship recycling
Panama is making a serious move into the Hong Kong Convention of ship recycling; something that could be beneficial to Panama鈥檚 ecological efforts, and help as a whole to the entire initiative.
In a meeting with IMO secretary general Ki-tak Lim, Panama minister of maritime affairs and administrator of the Panama Maritime Authority (AMP) Jorge Barakat told Lim 鈥淧anama had decided to approve the ratification of the Hong Kong Convention on ship recycling.鈥
The bill that is in the National Assembly has been approved and is only waiting for President Varela鈥檚 signature to enter force. The meeting took place during the 116 session of the IMO Council, where Panama is a category A member.
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Canada: “Panama Canal expansion a game-changer for CN strategy.”
The after effects of the Panama Canal expansion have long been touted as a surge for other industries in North America. One of these industries, and a principal beneficiary, has been railroad cargo. Now, Canada鈥檚 largest railway is proving that assumption.
The expansion of the Panama Canal has spurred Canadian National Railway Co.鈥檚 push into the U.S. South. In early July, the Montreal-based railway is expected to begin hauling trains loaded with containers that made the trip from Asia to Alabama鈥檚 Port of Mobile, home to a new terminal built to handle the larger ships that can use the expanded canal.
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Panama tries to shake off “Panama Papers” brand
With so much bad press, and controversy surrounding the Panama Papers scandal, the country is trying to distance itself from that label. After all, Panama as a whole had practically nothing to do with it. Here鈥檚 a good read on the uphill battle ahead when it comes to shaking the 鈥渂rand.鈥
“Panama has been battling this perception for some time now,” said Ivan Zarak, Panama’s vice-minister of the economy.聽“We鈥檝e made great advancements regarding transparency.”聽Zarak doesn’t think Panama is a magnet for dirty money, and actually challenged Marketplace to open an account while reporting in the country.
“Right beneath this office is the branch of a bank; please go there and try to open account. Then, go to the U.S. and try to open an account there 鈥 just as an academic exercise,” he said. “It鈥檚 very hard to open an account in Panama for any type of individual 鈥 especially foreigners. It鈥檚 harder for the bank to corroborate that the money that person from out of the country has clean money.”
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Pedasi Panama: An Eco Friendly Haven for Expats of All Ages
If you鈥檙e looking for a great place to live and retire in Panama, there鈥檚 one place that鈥檚 drawing lots of attention these days. Pedasi, Panama is a vibrant, ecologically friendly community that鈥檚 got lots to offer, whether just visiting or living there. In our latest blog post, we go over why.
Pedasi is located at the far eastern tip of the Azuero Peninsula. It鈥檚 actually a district, rather than a town, however the center of the area is referred to as Pedasi Township, where most of the business and tourism takes place. Pedasi has a total population of around 4,000, and covers a relatively large area of land. This is part of the charm of the district: its remoteness and tranquility. It was once a heavily forested area, and home to some of the most flora and fauna types in all of Panama. Currently, there are around 70 hectares of protected tropical forest, where biologists and researchers study the land and its wildlife.
Continue reading about Eco Friendly Pedasi Panama
