Panama/China Plan on Building Cross-Country Railroad | Weekly News Roundup, September 16th, 2017




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

“My Vibrant, Exciting Life in Cosmopolitan Panama City.”

An interesting take on moving to Panama City as an expat, from a retiree that loves the fun city life, but also the laid-back pleasures that make Panama so popular.

About a month ago, I packed up my things and left Panama City for a rented house in the countryside…and it was glorious. I wrote to friends about the peace and serenity of “my little Quietville.” And when my one-month lease expired, I got teary-eyed…a part of me wanted to stay tucked away in the lush green mountains.

But as I drove home, I could feel the excitement creeping back in. I was back in good old Panama City…where excitement is in the very air you breathe.

You’ve probably heard all the hype. This is a city of gleaming skyscrapers, malls, world-class hospitals…you name it. An astonishing array of luxury SUVs trundle along modern roads. High-speed internet and cell service have helped consolidate this as one of the region’s busiest flight and business hubs. You’ll find every amenity and product imaginable.

Source: International Living

Panama Papers case decision was unanimous: SC judge.

A Supreme Court judge on Wednesday observed that the decision of Nawaz Sharif’s disqualification in Panama Papers case was unanimous.

The remarks came as the court began hearing review petitions filed by former prime minister Nawaz Sharif and his sons against apex court’s July 28 order in Panama Papers case.

A larger bench of the top court headed by Justice Asif Saeed Khosa and comprising Justice Ejaz Afzal Khan, Justice Azmat Saeed, Justice Ejazul Hassan and Justice Gulzar Ahmed are hearing the petitions.

Source: The News (Pakistan)

Blockchain Embassy Opens for Business in Panama City.

A new location for bitcoin and cryptocurrency enthusiasts, entrepreneurs, activists, iconoclasts, connoisseurs, and the general public has opened in Panama. It is called the Blockchain Embassy. It is located in the Balboa Boutiques Strip Mall of Balboa Avenue in Panama City.

The space has crypto clothing and other merchandise for sale. It has a cafeteria, craft beers for sale, hardware wallets on display, a coffee shop, and even a working space.

A press release sent to bitcoin.com, said the embassy will also start giving cryptocurrency workshops and presentations. Everyone is welcome to come and engage with the Panama crypto community. The Embassy press release elaborated on how it accepts payment and provided more information:

Source: Bitcoin News

 

Panama/China Plan on Building Cross-Country Railroad

In a joint press conference given by Panama’s Foreign Minister and Chinese Chancellor Wang Yi this September 17th, it was announced that plans were being examined as to the feasibility of constructing a 500km-long light railway to connect Panama City with David. This could have the potential to be big news for both domestic and foreign business interests, as well as tourism between the country’s two principal cities.

More than likely the railway would have to be built alongside the current Panamerican Highway infrastructure. The train would begin on the west side of the Panama City suburb of Arraijan, where Line 3 of the Metro is scheduled to end and continue to the center of David, where a new train terminal would be constructed. This would link Panama City’s urban Metro transport to the railway, and essentially connect it to the airport in the east by transfer. It would also avoid construction within the center of the city, which is critical for any new project of this size. Both cargo and passenger trains would use the rails, meaning that the size should be pretty big, and also requiring many local stations and unloading docks to be built in the process.

Source: POLS Blog

 

About Manoj Chatlani


Manoj Chatlani is a Senior Partner at POLS Attorneys, a full-service law firm in Panama City, Panama. Specializing in offshore services, including asset protection, estate planning, offshore banking, and offshore corporations, as well as Panama immigration and real estate transactions, Panama Offshore Legal Services offers clients a streamlined solution to all their Panama legal needs. Manoj is a Panamanian lawyer and holds a law degree from USMA and earned a Masters in Communication Law and Panama Tax law.

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