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Mexico, Panama sign free-trade pact

Panama City - Mexico and Panama signed a free-trade pact Thursday that could pave the way for the small Central American nation to join an alliance of Latin American partners turned toward Asia.
In the Media by AFP

Panama warns Venezuela on debt as rift widens

Panama City - President Ricardo Martinelli told Venezuela on Friday that its decision to break off ties with Panama should not serve as an excuse to renege on its debt exceeding $1 billion.Martinelli's warning came a day after Venezuela ordered the expulsion of Pana...
In the Media by AFP

Panama warns Venezuela on debt

Panama City - President Ricardo Martinelli warned Venezuela Friday that its decision to break off relations with Panama should not be used as an excuse to renege on its more than $1 billion debt."I don't want to think that this is an excuse not to pay and that the V...
In the Media by AFP

Venezuela expels Panama ambassador, three others

Panama City - The Venezuelan government ordered Panama's ambassador and three other diplomats at the mission to leave the country within 48 hours, a Panamanian official said Thursday, a day after Caracas broke ties with Panama City."We received a note from the forei...
In the Media by AFP

Deal reached resolving Panama Canal row

Panama City - A row over $1.6 billion in cost overruns on construction to widen the Panama Canal has been resolved, the parties said Friday, ensuring completion of the massive project.The Panama Canal Authority and the consortium "Grupo Unidos por el Canal" (GUPC) a...
In the Media by AFP

Work resumes to expand Panama Canal

Panama City - A Spanish-led consortium resumed work to expand the Panama Canal, which handles five percent of global seaborne trade, after an acrimonious two-week stalemate over $1.6 billion in cost overruns.Grupo Unidos por el Canal (GUPC), which sent its workers b...
In the Media by AFP

Work to resume on widening of Panama Canal     

Panama City - Work to widen the Panama Canal will resume on Thursday, an official said, two weeks after the huge project was suspended over $1.6 billion in cost overruns.Canal administrator Jorge Quijano told AFP that the consortium involved, Grupo Unidos por el Can...
In the Media by AFP

Talks to end Panama canal expansion row hit new snag

Panama City - Negotiations to end a row that has stopped work on the Panama Canal expansion have hit "serious disagreements," the canal administrator has said.Work has been suspended for two weeks, as the main contractor, the GUPC consortium led by Spanish group Sac...
In the Media by AFP

Panama reports some progress in canal dispute

Panama City - Panama has reached partial agreements with construction companies that halted work to expand the Panama Canal in a dispute over a huge cost overrun, its administrator said Wednesday.Agreements in principle have been reached on some issues although othe...
In the Media by AFP

Panama president blames former canal chief for crisis

Panama City - Panama President Ricardo Martinelli blamed the Panama Canal's former administrator for the crisis surrounding its massive expansion project -- where work has been halted over a billion-dollar payment dispute.Martinelli said Alberto Aleman Zubieta was "...
In the Media by AFP

Panama Canal upgrade remains at standstill amid $1.6 bn cash gap

Panama City - Work on expanding the Panama Canal is unlikely to resume Saturday as local officials face negotiations with foreign builders after the project was halted in a dispute over cost overruns.
In the Media by AFP

New proposal made to break Panama Canal expansion deadlock

Panama City - An international consortium at loggerheads with Panama over work to expand the Panama Canal has presented a proposal to end a dispute over a $1.6 billion cost overrun, the group said.
In the Media by Juan Jose Rodriguez (AFP)

Sacyr source denies Panama Canal work suspended

Panama City - "Works are continuing" on expanding the Panama Canal, a source in the Spanish company leading the project said on Wednesday, denying an assertion by the canal administrator that they were suspended amid a row over cost overruns.
In the Media by Katell Abiven (AFP)

Panama releases 32 North Koreans in arms case

Panama City - Panamanian authorities have released 32 of the 35 North Koreans detained since July after an undeclared cargo of Cuban arms was found on their ship, prosecutors said Thursday.
In the Media by AFP

Justin Bieber, Usher, holiday in Panama with media in tow

Justin Bieber and his entourage, for this trip including his mentor, Usher and manager Scooter Braun, have decamped to Panama. While the Grammys were on — he was not nominated this year — Bieber and co. were on a Panamanian beach.
In the Media by Marcus Hondro

New deadline set in Panama Canal dispute

Panama City - The Panama Canal authority and a consortium working on widening the waterway have given themselves until February 1 to resolve a bitter financial dispute that threatens the project, the consortium said Thursday.
In the Media by AFP

Panama canal expansion to be completed in 2015: minister

Panama City - Work to enlarge the Panama Canal will be completed in 2015 no matter what, Panamanian Finance Minister Frank De Lima said on Wednesday, despite the continuing feud over cost overruns with contractor GUPC.
In the Media by AFP

Proposal offered in Panama Canal dispute

Panama City - A consortium working on widening the Panama Canal presented a proposal Tuesday that officials here said could provide a way out of a bitter financial dispute that threatens the project.
In the Media by Juan Jose Rodriguez (AFP)

Joint financing plan for Panama Canal as dispute simmers on

Panama City - A consortium working on expanding the Panama Canal proposed Monday that local authorities cofinance a huge budget shortfall that sparked a bitter dispute threatening the project.
In the Media by Juan José Rodríguez (AFP)

Panama Canal expansion slowed by financial row

Panama City - Work on expanding the Panama Canal went ahead at a reduced pace Monday despite the builder's threat to shut down the project over huge cost overruns, officials said.
In the Media by Juan José Rodríguez (AFP)
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