Tag: Panama

• Saturday, April 11th 2015 - 05:45 UTC

  'Malvinas', center piece of Cristina Fernandez speech at Panama summit

  

  Argentine President Cristina Fernandez is attending the VII Summit of the Americas in Panama City where she is expected on Saturday to strongly criticize the United Kingdom over the 'militarization' of the Falklands/Malvinas and revelations of massive espionage of Argentina by London.

• Saturday, January 3rd 2015 - 06:07 UTC

  Panama Canal planning major transshipment port on the Pacific entrance

  

  The Panama Canal Board of Directors this week formally approved the development and construction of a transshipment port in Panama’s Corozal region. Upon completion, the port will have the capacity to handle more than five million TEUs within a 120-hectare area at the Canal’s entrance to the Pacific. The project is now awaiting the final step for approval from Panama’s National Assembly.

• Monday, May 12th 2014 - 06:34 UTC

  Panama elected-president pledges to normalize relations with Venezuela and Colombia

  

  Venezuelan President Nicolas Maduro and Panamanian president-elect Juan Carlos Varela have pledged to waste no time in normalizing relations and re-launching diplomatic, economic and trade ties cut off two months ago, Venezuela's foreign ministry announced. Varela takes office next July first.

• Monday, May 5th 2014 - 07:24 UTC

  Varela wins Panama election, defeats Martinelli's incumbent candidate

  

  Panama’s Electoral Committee declared opposition candidate Juan Carlos Varela as the winner of Sunday's election and the country's next president: he captured 39% of the vote with more than 80% of ballots counted. In Panama there is no run-off and no re-election so president Ricardo Martinelli nominated his successor and completed the ticket with his wife, Marta Linares de Martinelli.

• Thursday, May 1st 2014 - 07:43 UTC

  OAS electoral observers arrive in Panama ahead of Sunday's ballot

  

  The OAS Electoral Observation Mission has arrived in Panama, led by former Peruvian Congresswoman and presidential candidate Lourdes Flores Nano, for the final deployment of the 56 international experts and observers ahead of Sunday's general elections.

• Thursday, March 6th 2014 - 05:10 UTC

  Maduro cuts diplomatic relations with Panama for sponsoring an OAS meeting on Venezuela

  

  Venezuelan President Nicolas Maduro said on Wednesday his government was breaking diplomatic relations with Panama after the country called a special meeting of the Organization of American States, OAS, to address the current state of protests in Caracas.

• Thursday, February 6th 2014 - 01:00 UTC

  Panama Canal expansion halted; Spanish consortia says a 'final offer' has been made

  

  A dispute over a 1.6 billion dollar cost overrun in the Panama Canal's expansion took a new twist Wednesday after a Spanish company leading the project denied it halted work over the spat.

• Thursday, January 9th 2014 - 06:54 UTC

  Panama Canal expansion discussions stall; Italian company demands an extra 1bn

  

  The Panama Canal Authority, or ACP, said on Wednesday it would be “impossible” to meet the demands of Italian builder Impregilo, which has called on the government agency to make an additional payment of up to 1 billion dollars to cover cost overruns affecting a project to expand the international waterway.

• Wednesday, January 8th 2014 - 05:19 UTC

  Panama Canal and construction companies closer to understanding on over-costs

  

  Panama Canal officials offered Tuesday to share the burden in a 283 million dollars fund to end a spat with a consortium threatening to halt the waterway's expansion over huge cost overruns. The proposal came after two days of intense talks under mediation of a Spanish cabinet minister who flew to Panama City for emergency meetings aimed at preventing a shutdown of the major project.

• Friday, January 3rd 2014 - 23:05 UTC

  Spain steps in to try to resolve cost dispute over Panama Canal expansion

  

  Spain stepped in on Friday to try to resolve a cost dispute over the expansion of Panama's canal, which has triggered a sell-off in the shares of Sacyr SA, the Spanish builder leading the project. Spain's Public Works minister, Ana Pastor, and Sacyr Chairman Manuel Manrique are due to travel to Panama on the weekend, Panama's president, Ricardo Martinelli, said.