Nike cancels Puerto Rico-homage sneaker with Panama design. : Weekly News Roundup, May 22nd, 2019




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

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

Nike cancels Puerto Rico-homage sneaker with Panama design.

Nike said Tuesday it won’t release a version of its Air Force 1 shoe meant to celebrate Puerto Rico, after an indigenous group in Panama objected to one of its traditional designs being used on the sneaker.

The company said in a statement: “We apologize for the inaccurate representation of the design origin for the Nike Air Force 1 ‘Puerto Rico’ 2019. As a result, this product will no longer be available.” The shoe was to have been released in June.

The Guna people, one of seven indigenous groups in Panama, live mainly on the Caribbean coast and have traditionally used the swirling, multicolored “Mola” design. The Gunas said in a statement that the company had not asked permission to use the design. Panamanian law recognizes indigenous groups’ rights to their intellectual property.

Source: FOX Business

Why Is Panama City San Diego’s Newest Sister City?

All over the world, there are areas that San Diego has a common connection with: They are called sister cities.

San Diego signed its first Sister City Agreement in 1957 with Yokohama, Japan and now has 16 on different continents.

“When you take a ship out of the Panama Canal through the Pacific Ocean, geographically the first port you arrive at is San Diego,” said Timothy Stiven, a teacher at Canyon Crest Academy in Carmel Valley, who takes a group of students to the country every year.

The San Diego-Panama Sister City Society was created in 2015 after a two-year process in coordination with the Balboa Park 100th Anniversary. That’s when Panama City was added as a sister city of San Diego, with the approval of Mayor Kevin Faulconer and the Mayor of the Panama City Council.

Source: NBC San Diego

Port Report: Draft restrictions push Panama Spread to unseasonal high

A five-month drought in Panama has reduced freight carrying capacity of the country’s canal of ocean carriers by nearly one-fifth. It’s also giving an unseasonal boost to shipping rates for U.S. East Coast-bound cargo.

Starting next week, the Panama Canal Authority will reduce the maximum allowable draft for the largest of ships that use the Neopanamax locks to 43 feet. Ships moving on the older set of smaller Panamax locks will have a maximum allowable draft of 38.5 feet.

The draft restrictions are the sixth that the Authority has had to put in place since the beginning of this year. It comes as rainfall in the Panama Canal Watershed was 90 percent below its historical levels during December 2018, according to Carlos Vargas, Vice President of Environment and Water for the canal.

Source: Freight Waves

 

Want to island hop? Here’s where to go in Panama!

Panama is full of islands. Known as one of the most diverse tropical countries on earth, Panama has a unique landscape that includes hundreds of the most beautiful islands on both coasts. Whether you’re moving to Panama, or just visiting Panama, checking out the islands is sure to be high on your agenda. With so many islands to pick, you’ll literally never run out of places to go.

For a natural and rustic, yet comfortable (and even luxurious) island experience, check out Panama’s famous pearl islands. The Pearl Islands are also an archipelago, although much smaller, and much more accessible to the city. The islands are located just outside of the bay of Panama in the Pacific Ocean. You can reach there by ferry from the Balboa Yacht club in Balboa, or by ferry from the Trump Ocean Club in Punta Pacifica. You can also fly. The islands are famous for whale and dolphin watching, and have a number of both luxury accommodations and rustic island-style ones. The water is crystal blue, and you’ll never run into a big crowd there, even on holidays.

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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