Author: spieper

PANAMA CITY, Panama – The Panama Metro has reported significant progress on its ambitious Line 3 project, with the critical tunnel crossing beneath the Panama Canal now over halfway complete. According to engineer Carlos Cedeño from the Metro authority, the tunnel has reached a 53% completion rate, marking a pivotal milestone for the infrastructure megaproject designed to connect Panama West with the city center.The overall project is advancing on schedule, with Phase 1, stretching from Panama Pacífico to Ciudad del Futuro, now 81% complete, while Phase 2 stands at 42% completion. The substantial acceptance of the entire system between Albrook…

PANAMA CITY, Panama – Tocumen International Airport, Panama’s primary aviation hub, has projected it will mobilize approximately 192,000 passengers between October 28 and November 11 due to a significant surge in travel for the country’s patriotic celebrations. The airport authority has activated a special operational plan in coordination with national law enforcement and customs agencies to manage the anticipated influx of travelers during this peak period.The airport, a major gateway to Latin America and a key connection point for the Caribbean, expects November 1 to be the busiest day for departures, with an estimated 12,778 passengers. The highest volume of…

PANAMA CITY, Panama – BAC Holding International Corp (BHI) has announced plans for its subsidiary to acquire a controlling stake in Multi Financial Group Inc, a move that would create one of Central America’s largest financial institutions. The potential transaction was disclosed through a material fact statement published on the company’s official website.The company’s Board of Directors has called for a Shareholders’ Meeting to deliberate and decide on aspects related to the potential purchase of 99.56906% of Multi Financial Group shares by BAC International Corporation (BIC), a subsidiary of BHI. The transaction remains subject to regulatory approvals and authorization from…

The Mayor’s Office of Panama has authorized 164 temporary commercial permits for vendors operating during the country’s upcoming Patriotic Month celebrations. The permits, issued this week, are designed to regulate street vending and ensure public safety during the festivities in November 2025.This initiative formalizes commercial activity for a significant number of entrepreneurs and small businesses seeking to capitalize on the increased foot traffic. The permits grant official authorization to operate in designated areas, bringing structure to the traditionally bustling festival economy. The move is part of a broader effort by city officials to balance economic opportunity with municipal control.Official Authorization…

PANAMA CITY, Panama – Panama has secured the third-highest position in Latin America for financial inclusion, according to the 2025 Financial Inclusion Index (IIF) released by Credicorp, a Peru-based financial holding company with a presence in Panama through ASB Bank. The country achieved a score of 55.5 points in the annual study, placing it behind only Argentina and Chile in the regional ranking and reflecting a competitive and consolidating financial system.The index, now in its fifth edition, measures levels of access, use, and perceived quality of the financial system across eight Latin American countries. Panama has demonstrated a positive trend…

The National Association for Nature Conservation (ANCON) celebrated its 40th anniversary in Panama City on Monday, highlighting its enduring commitment to environmental protection and promoting a culture of sustainability throughout Panama. The organization used the milestone event to recognize corporate partners, dedicated member families, collaborators, and volunteers who have supported numerous conservation projects over four decades.During the ceremony, ANCON presented special recognition to Environment Minister Juan Carlos Navarro, who served as the foundation’s first director. The organization also acknowledged the contributions of historical leaders and allied families, including the Motta family, whose consistent support has been instrumental in protecting the…

PANAMA CITY, Panama – The Ministry of Health (Minsa) issued a formal warning to parents this week about the significant health risks associated with children’s excessive consumption of candy and sweets. The alert comes ahead of upcoming holiday seasons and festivities where children traditionally receive large quantities of treats.Health officials emphasized that while sweets provide a high amount of energy, they offer minimal nutritional value, contributing to a growing public health concern. The ministry is actively promoting healthier alternatives to combat rising rates of childhood obesity and related health issues.Nutritional Deficiencies and Health ConsequencesAccording to Yenny Carrasco from the Nutrition…

NEW YORK, October, 2025 – Tilray Medical, a division of Tilray Brands, Inc., has announced a strategic expansion into Panama’s medical cannabis market through a new joint venture. The company, in partnership with Top Tech Global Inc., has secured a comprehensive medical cannabis license from Panamanian authorities, marking a significant step in its international growth strategy.The joint venture, operating as Solana Life Group, received the license from Panama’s National Directorate of Pharmacy and Drugs. This license authorizes the cultivation, manufacturing, import, export, distribution, and sale of medical cannabis products within the country. The partnership aims to leverage Tilray’s global supply…

PITTSBURGH, 2025 – Predictive Oncology Inc. (Nasdaq: POAI), a company leveraging artificial intelligence for cancer drug discovery, announced today that it has priced two private placement transactions totaling approximately $344.4 million. The capital will fund the company’s new digital asset treasury strategy, with its principal holding being ATH, the native utility token of the decentralized GPU network Aethir. The transactions, expected to close on or about October 2, 2025, consist of a cash offering and an in-kind cryptocurrency contribution. This strategic move positions Predictive Oncology to establish what it describes as the world’s first Strategic Compute Reserve, leveraging Aethir’s global…

PANAMA CITY, Panama – Panama’s National Civil Protection System (Sinaproc) declared a red alert for multiple western provinces on Monday, October 27, due to dangerous conditions from the indirect effects of Hurricane Melissa. The emergency declaration mobilizes all national resources for immediate response to widespread flooding, river overflows, and landslides that have forced evacuations.The red alert is in effect for southern districts in Veraguas province, including Soná, Las Palmas, and Mariato; the Tonosí district in Los Santos province; and the Barú, Renacimiento, and Tierras Altas districts in Chiriquí province. Authorities also elevated the Ngäbe Buglé comarca to a yellow alert…