65,000 pairs of rubber booties help kids get to school. : Weekly News Roundup, October 29th 2019




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Welcome to the Panama Weekly News Roundup! Here’s the latest.

65,000 pairs of rubber booties help kids get to school.

The Panama Government has begun the distribution of 65,000 pairs of rubber “booties” for students in hard-to-reach areas of the Ngäbe Buglé Region.

According to the Ministry of Communication, the distribution fulfills the “commitment” of President Laurentino Nito Cortizo to provide students with the implements to attend classes

The office said that an inter-institutional government team moved to the Ngäbe Buglé region to make the first delivery in schools in the Ñokribo region, an area that can only be reached by air and sea.

“President Laurentino Cortizo Cohen and his government team have a clear purpose, to work for those who need it most. The delivery of these booties reaffirms our commitment to education; one of many promises that the President is keeping, “said Yaizeth Terán, social secretary of the Presidency of the Republic.

Source: Newsroom Panama

Six gearless mill drives commissioned at Panama’s newest mine.

Technology company ABB has deployed six gearless mill drives in Panama, resulting in the extraction of copper ore which is announced this month.

Cobre Panama, which spans 13 600 hectares, is located 120 km west of Panama City in the Donoso district, Colon province and 20 km from the Caribbean Sea coast. The first project of its kind in Panama, Cobre Panama has significant copper deposits that are expected to be explored over the next 30 to 40 years and is forecast to contribute up to 5% of Panama’s Gross Domestic Product (GDP).

Source: Global Mining Review

Social unrest in Panama due to constitutional reforms.

Panama, Oct 24 (Prensa Latina) Feelings were inflamed in Panama after the parliamentary debates on a package of modifications to the Constitution, whose popular rejection caused rallies and protests that construction workers are continuing on Thursday.

The accusations of privatizing higher education and the attempts to favor interests alien to the majority’s welfare are the foundations of the demands from demonstrators, who have taken to the streets in the capital and other major cities of the country over the past two days. Prior to the popular protests, altercations and contradictions were reported among lawmakers in Parliament, while local media quoted statements by some of them who accused their colleagues of taking stances that differ from the reforms or modifications to the original document.

Source: Prensa Latina English

 

Why this is the year you should retire to Panama!

There’s lots of talk about how Panama is the #1 expat retirement destination going around the web these days, and to be perfectly honest, it’s been that way for some time now.

Panama is a huge destination for retiring for a lot of reasons, and as we move ahead through 2019, it seems like there’s no better time than now to take the plunge. Panama has a vibrant expat community spread over all parts of the country, and the retirement community plays a big part in all of it. Retiring in Panama can be both economically beneficial, as well as greatly increase one’s quality of life, and give you the perfect retirement that you’ve always wanted, not too far from home. Here are our top 5 reasons to retire in Panama this year!

Source: POLS Blog

About POLS Attorneys Staff Writer


As one of the leading Panama Law Firms, and one of the regions most reliable offshore service providers, POLS Attorneys brings a wide range of professional knowledge to our clients needs. Our staff is made up of professional offshore consultants, Panama attorneys and immigration specialists who are experienced in offshore business, understand international investment and asset protection strategies, and are experts in providing a seamless Panama immigration process.

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