Welcome to the Panama Weekly News Roundup! Here’s the latest.
Cathedral-nesting bees showcase Panama City’s 19th-century environment.
Roughly 120 clusters of orchid bee nests were discovered in Panama, during restoration work on a local cathedral. The finding is particularly interesting as the nests hail from the 19th century, offering researchers a unique look at how local ecosystems evolved over time.
The cathedral in question is the Catedral Basílica Santa María la Antigua de Panamá, also known as the Sacred Heart Cathedral, in Panama City. Work on this place of worship began in 1688, and it has gone through several rounds of restoration work since then. Luckily for us, a group of bees has been with the cathedral throughout this journey. Around 120 clusters of their nests, hailing from the 19th century, were discovered during recent restoration work on the cathedral’s altarpiece.
Source: ZME Science
Marriott expands with new hotel in Panama.
Marriott International has announced the launch of its newest property in Panama. The new Residence Inn Panama City is set in the capital’s Punta Paitilla neighborhood.
The 144-room property is the first Residence Inn in Panama, joining a local portfolio that includes a W Hotel, a JW Marriott, a Marriott and an Autograph Collection property. (The W hotel is Marriott’s most recent addition to Panama, having opened its doors in 2018).
“Panama City is a key market for longer-stay travel and the perfect place for Residence Inn by Marriott,” said said Carlos Roque, General Manager of Residence Inn Panama City. “Located just a few minutes from historic Casco Viejo, travelers will have the option to enjoy restaurants, shops and nightlife creating work-life balance and a true home away from home.”
Source: Carib Journal
Drought ups risks for Panama Canal.
Panama Canal authority ACP will launch more temporary measures to reduce vessel transit and increase fees to pass through the waterway.
The new measures will begin on February 15 and remain active until ACP comes up with a long-term solution to the declining water levels at Gatún Lake – the canal’s main source of water.
“[ACP] has a couple of alternatives that have already been proposed a few years ago. However, none have been able to get going,” Eduardo Zegarra Méndez, a senior researcher at analysis and development group Grade, told BNamericas.
Source: BN Americas
Four Ways You Can Invest in Panama RIGHT NOW!
If you’re looking at investing in Panama you’ve got a lot of options, and that’s a good thing. Panama has lead the way when it comes to offshore investing over the past twenty years, and the reasons are as diverse as the investment options: favorable tax laws, booming services industry, a reliable financial structure, and much more.
When looking at Panama as a potential investment target, there’s lots to consider, and many ways to do it. Here are five ways we’ve picked out that can help you get the ball rolling, and ready to invest in Panama right now!
