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Written by New York Times
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Friday, 16 May 2008 |
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I am a big history nut, and old articles and stories really fascinate me. Sometimes it´s amazing to look at how Panama was 50 or 100 years ago, and see just how far the Republic of Panama has come along. So here it is, the first installment of our weekly look at what English News Panama readers would have had in the past: MAY 21, 1911-After seven years of hard work on the Panama Canal only one-fourth of the great task of excavation remains to be done, for the "ground hogs" have removed 138,000,000 cubic yards from the line of the canal. That leaves only 44,000,000 yards to be cut away. The placing of the concrete in the locks is more than 52 percent completed, the installing of the lock gates has begun, and 70 percent of the filling for the Gatun Dam, which will feed the canal with water, has been finished. The lock gates are staggering in hteir vast proportions, compared with the timber gates of the canals in this country. Each leaf, of which there are two in a gate, is 7 feet thick, 65 feet long, and from 47 to 82 feet in height, there being no less that ninety-two of these leaves. Special hoisting machinery has been installed to place these masses of steel. One of the unexpected obstacles in the construction was the development of twenty-two slides in the Culebra cut with-in a distance of nine miles, but it is stated that these will not delay the completion of the canal, as the earth can easily be removed by dredges after the water is turned on. |
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Written by Reuters
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Friday, 16 May 2008 |
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Panama's inflation rate slowed in April for the first time this year on lower costs for utilities, but the pace of price increases was still three times faster than during the same month of 2007. Consumer prices rose 0.4 percent in April from the previous month, while 12-month inflation at the end of the month was 8.5 percent, the Comptroller General's office said. An increase in food prices, transport costs and other household expenditures was offset by a 0.9 percent drop in utility costs like water, gas and electricity. Prices had risen 1.2 percent in March, pushing annual inflation up to 8.8 percent that month. Inflation in Panama gained steadily throughout 2007, and 12-month inflation in April of that year was clocked at just 2.7 percent. Panama, which uses the dollar as national currency and used to enjoy lower rates of inflation than those in the United States, has suffered from the rising price of food and oil. The cheaper dollar also has made imports more costly. According to Standard & Poor's analyst, Roberto Sifon, Panama is struggling against dual pressures, internal and external. "You have external pressure from global high commodity prices, which Panama is dependent on, particularly oil. At the same time you have high domestic growth causing a demand shock," he told Reuters on Thursday. |
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Written by The Financial
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Thursday, 15 May 2008 |
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With the Microsoft-sponsored program, "Connect to Knowledge," Panama could become an international case study, said President Martín Torrijos at yesterday´s inauguration of the fourth annual Microsoft Research Academic Summit. "We're moving ahead and we´ve decided to adopt this tool that to strengthen the learning process," stressed the President. "Connect to Knowledge," which the government has introduced in about 700 public schools, is aimed at teaching students how to use computers as an academic tool. Panama will have the largest number of schools involved in the program in Central America. Jaime Puente, the manager of external investigation for Microsoft Research Panamá, said that a lack of clarity of agenda and collaboration are obstacles to the program´s success in Latin America. "There is much work to do," said Rick Rashid, vice president of Microsoft Research, "but there are good opportunities here." |
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Written by La Prensa
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Friday, 16 May 2008 |
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Environmentalists have inaugurated a new, 14-kilometer trail through the Lagunas Perdidas de Boquete, in the hope that more Panamanians and tourists alike will come to appreciate the area and want to care for it. The trail, which winds through a section of Chiriquí´s majestic Parque Internacional La Amistad, starts at Cerro El Pianista, and passes through the Ngöbe-Bugle community of Horqueta and Bajo Mono before ending at the Lagunas Perdidas, so-called for their "hidden" location at the base of the Salamanca mountain range. The trek takes about two days and guides nature lovers through jungle areas teeming with wildlife. The president of the Asociación para la Conservación de la Biósfera, Ezequiel Miranda, said that the opening of the trail is part of a project to involve the community in the nationwide development of ecotourism activities. The trail´s designers also built an observation center out of local materials, where park rangers can monitor remote areas and aid in controlling illegal hunting, logging and land poaching, which frequently occurs along the park´s buffer zones. The park, which straddles the border with Costa Rica, is home to Baird's tapirs, giant anteaters, all six species of neotropical cats, including the jaguar, puma, ocelot, margay, oncilla and jaguarundi. Monkeys, coatis and over 600 bird species of birds live in the park´s protected rainforest canopies. The United Nations Educational, Scientific and Cultural Organization (UNESCO) designated the Parque Internacional La Amistad as a World Heritage Site in 1983. |
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Written by Miami Herald Panama Edition
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Friday, 16 May 2008 |
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Rice growers will soon be able to plant a new seed which is expected to increase their yields. The Instituto de Investigación Agropecuaria de Panamá (Idiap) plans to release the seed in the next 20 days. Experts say "it's more resistant to insects and climate change and more adapted to market demands." The new variety is known as IDIAP-5205. Seed program coordinator Alberto Yau said the new rice can be harvested 120 days after planting, assuming its receives sufficient rain and the soil retains enough moisture. Israel Camargo, a scientist who works on developing new rice varieties, said the new seed is better than the one released in August of 2007 because it has better milling qualities and is more tolerant of the spinky mite, bacteria, and fungi that often damage rice. It's also more resistant to disease and requires fewer agrochemical inputs, thereby reducing farmers's costs. The new seed will produce a long grain rice that's expected to satisfy the current market demand for a variety that remains loose after cooking. The president of the Asociación de Productores de Arroz de Chiriquí (Apach), Alexander Araúz, said any new seed that improves the quality of rice and increases yields is good for the industry. But he warned that the new seed cannot be used in the 2008-2009 growing season because it has first to be sown, reproduce, and prove its viability. Some 70 quintals (1 quintal > 100 lbs.) will be tested initially. If all goes well, Idiap will then sell the seed to farmers. More than $700,000 and ten years of laboratory and field tests were spent on developing the new seed.
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Written by Guardian
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Friday, 16 May 2008 |
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A work slowdown by pilots who guide ships through the Panama Canal is causing unprecedented delays and creating a costly bottleneck for shipping companies, canal employees and shippers say. Some 250 Panama Canal pilots, who take charge of all vessels while they make the 50 mile (80 km) journey between the Pacific and Atlantic oceans, want a pay raise and formal work contracts and are protesting by giving only limited help to clear tailbacks at the busy trade route. With around 5 percent of global trade passing through Panama, including Chinese trade with the U.S. East Coast, scores of vessels laden with containers are stretching out off the coast of Panama City, waiting to enter the canal. Last week, an average of 90 ships a day were facing long waiting times, well above the average during the non-peak season, according to Panama Canal Authority data. The average time ships spent in canal waters stood at 42 hours on Monday, well above the average of 24.5 hours last year, costing shippers tens of thousands of dollars every day. According to one canal employee who manages a section of the waterway, around 40 ships a day have been crossing the canal since waiting times began to rise in February. He said the U.S.-built canal, which was opened in 1914, could handle some 50 daily crossings if pilots worked harder. The United States handed the canal to Panama on Dec. 31, 1999. The go-slow action is the largest since Panama took over. Under U.S. control, such labor disputes at the canal were unheard of, as any disgruntled pilots, who were U.S. citizens, could find better-paid work for shipping companies elsewhere. Canal authorities deny any labor dispute and say maintenance to one of the canal's locks has caused the current backlog. "We are working aggressively to clear it and have suspended maintenance work," a canal official told Reuters. The canal, which is undergoing a $5.25 billion expansion to increase capacity by 2014, is creaking at the seams due to growing Asian trade, making it susceptible to the job action. 'NOT GIVING 110 PERCENT' The current backlog has its origins in increased traffic, spells of bad weather and maintenance work, but pilots say they have no incentive to reduce it. "The backlog is taking longer to clear than normal because people are not giving 110 percent like they used to," said pilot Miguel, 42, who declined to give his full name to avoid being sacked. "We have been without a contract since 2004, why should we give 110 percent for no reason?" he said. Talks have been deadlocked over pilots' demands for a 3 percent pay raise, below annualized inflation of 8 percent. Canal authorities have linked any talk of salary hikes to increased productivity, canal employees and pilots say. According to Robert Hall, a senior manager at shipping agent Boyd Steamship Corporation, the delays can cost his clients up to $500,000 each time they enter the canal. "For them it is a disaster. They are stuck there for four, five and sometimes six days without transiting," he said. He estimates that for a large ship, the delay could cost $60,000 each day, plus the cost of buying a transit slot at auction. This week, one slot fetched more than $300,000. |
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Written by La Prensa
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Friday, 16 May 2008 |
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A draft bill to unify the nation's health care system has been sent to the Presidencia de la Republica amid criticism from a union representing many of the country's doctors. The president's office noted that extra time will be allowed for organizations to comment on the proposal and for revisions to be made. A new round of discussions about the proposal is expected to start next week. But Fernando Castañedas, the leader of the doctor's union Comisión Médica Negociadora Nacional (Comenenal), is not waiting until then to offer his opinion of the draft and the process that led to its creation. He described the proposal as "malicious" because it does not include any provisions that will improve access to medical care. He also said that Comenenal's attempts to provide input on the legislation have been stymied. President Martín Torrijos never responded to a letter the union sent him asking for a meeting about the proposal, Castañedas said. The Ministerio de Salud, however, issued a statement yesterday claiming that Comenenal has been involved in the process, and the union's recommendations were incorporated into the draft. Comenenal members conducted a vigil yesterday at the Iglesia del Carmen to highlight its position on the issue. The government is looking at consolidating services currently offered by the Caja de Seguro Social and the Ministerio de Salud. |
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Written by Prensa Latina
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Friday, 16 May 2008 |
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Panama will promote the creation of a regional surplus food pool to help alleviate the crisis prevailing in the sector, Foreign Minister Samuel Lewis announced on Wednesday. Lewis, who is also First Vice President of the Republic, added that the draft initiative, currently under study by experts, will be informally presented during the summit of the European Union, Latin America and the Caribbean in Lima, Peru, this week. Currently, Panama has surplus pork, while other nations have surplus rice, beans, corn and other basic grains, he said, adding that once in a pool, these items can be exchanged among countries to supply their populations with food at reasonable prices. The surplus food pool issue is a different approach to manage surplus food to face food crisis, creating regional aid and support mechanisms beyond trade agreements, said the Panamanian top diplomat. |
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Written by La Prensa
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Friday, 16 May 2008 |
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As of June 1 retirees living in the capital will benefit from a 20 percent discount in the cost of trash collection services. The measure, proposed by mayor and presidential hopeful Juan Carlos Navarro, was approved yesterday by the Consejo Municipal. Applause erupted from a group of retirees attending the meeting after the vote was taken. "This has been a struggle for months," said Ángel Tello, president of the Confederación Nacional de Jubilados. Navarro explained that the measure will apply to retirees who have a residence or an Aseo account in their name. Retirees who rent must prove that the account is in their name. Panama has about 175,000 retirees and pensioners, 50 percent of whom live in the districts of Panama and San Miguelito, said Tello. Eligible retirees must go to the business office at Plaza Concordia, Vía España. According to the Municipio de Panamá, trash collection rates differ from one corregimiento to another. The highest rate charged for the service is $11.50, and the lowest is $2.50. |
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Written by La Prensa
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Thursday, 15 May 2008 |
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For those who have never seen San Miguelito as much of a tourist destination, Rogelio Justiniani, chairman of the district´s Comité de Desarrollo Turístico since January 2006, says to look again. Justiniani´s 25-member committee recently put together a walking tour of the area´s little-known points of interest, inviting residents and visitors alike to partake of San Miguelito´s rich historical, cultural and religious life. The tour begins with a visit to the ruins of the La Palangana chapel, built by Spanish settlers in1519, said Justiniani, who guided La Prensa journalists along the tourist route. The chapel´s ruins lie in the heart of the Parque Nacional Camino de Cruces, which was once used by conquistadors to transport gold and other booty from their South American colonies to ports on the Atlantic coast. La iglesia del Cristo Redentor, built in 1963 by the Archdiocese of Chicago, in the United States, is the second stop on the tour. In addition to building the church, the Americans brought a replica of the Christ that towers above Rio de Janeiro, Brazil. The third destination is undoubtedly the tour´s high point. Sitting on the peak of Cerro Sonsonate is the egg-shaped Bahá' í temple, one of only seven worldwide, and the only temple of its kind in Latin America. According to Bahá' í literature, leaders of the faith chose to build the temple in Panama "because at this point the West and the East are united by the Panama Canal." The temple, where visitors are invited inside to pray regardless of their faith, has an impressive oval dome rising 92 feet high and 200 feet wide. "You can enjoy one of the best views of Panama from there," said Justiniani. The Comité de Desarrollo Turístico especially wants to encourage high school and university students to take the tour. "Once a month, we put together groups of between 35 and 60 people and organize an excursion," Justiniani said. And the tour is always being updated. "We want more people to visit the Estadio Rod Carew," he said. The United Nations has included the development of tourism in San Miguelito among the projects funded by the Concertación Nacional para el Desarrollo de Panama, which helps to redirect Canal profits into social development programs. |
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Written by Diamonds.net
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Thursday, 15 May 2008 |
The World Federation of Diamond Bourses (WFDB) accepted three new diamond exchanges as members during the organization's general assembly in Shanghai this week.
The three exchanges were the Diamond Dealers Club of Australia, the Istanbul Gold and Diamond Exchange, and the Panama Diamond Exchange.
"All three organizations are located in countries that are not yet served by a diamond exchange, and all three serve regions with excellent potential,” said outgoing WFDB president Ernie Blom said in his final report.
Blom singled out the affluence of the Australia market adding that the exchange would also service New Zealand and the South Pacific.
Turkey's bourse is situated in heartland on one of the world's most rapidly growing consumer markets that is expanding its tastes from gold into diamond-set jewelry, he explained, while the Panama bourse sits at the gateway to an entire continent that is not yet served by a single, local diamond bourse. |
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Written by Latin Business Chronicle
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Thursday, 15 May 2008 |
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DHL has formally opened up its new hub in Panama. The new hub - constructed at a cost of $4.5 million - is one of the largest hubs in the industry in Central America. It spans 80,000 square feet, which is three times larger than its previous facility, the company says. With this expansion, DHL has been able to increase its operations capacity by 250 percent, allowing it to handle up to 5,000 pieces per hour. |
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Written by China View
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Thursday, 15 May 2008 |
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Panama and the Republic of Montenegro have established diplomatic relations, the Panamanian Foreign Ministry announced on Tuesday. The two countries established diplomatic ties on May 9, a statement released on the ministry's website said. Panama's Representative to the United Nations Ricardo Arrias and his Montenegrin counterpart signed the joint statement on behalf of their respective countries in New York on May 9. By establishing diplomatic ties, the two governments hope to pursue continuous bilateral cooperation and friendship in the future, the statement said. The Republic of Montenegro, formerly a part of Serbia and Montenegro, is located in Europe's Balkan peninsula and has a population of less than 700,000. It officially announced independence on June 3, 2006. |
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Written by La Prensa
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Thursday, 15 May 2008 |
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President Martín Torrijos announced yesterday that he will rid the city's streets of the infamous "diablos rojos" and that the state will take over the public transportation system. Torrijos will put his Plan de Movilidad Urbana y Modernización del Transporte on the road once the first part of a new fleet of buses arrives. To make good on its promise, the state is planning to buy 400 of 1,500 new buses through an international tender in the next few weeks. The buses will be assigned to the two major routes that divide the city in the northeast and southeast. After a transition period of 18 months, which began yesterday, the new transportation system, including the buses, will be offered as concession to private enterprises. The buses, which are expected to start circulating in the first months of 2009 and which will have two doors, air conditioning and comfortable seats, will be financed by the Corporación Andina de Fomento (CAF). |
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Written by Toronto Star
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Thursday, 15 May 2008 |
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A work slowdown by pilots who guide ships through the Panama Canal is causing unprecedented delays and creating a costly bottleneck for shipping companies, canal employees and shippers say. Some 250 Panama Canal pilots, who take charge of all vessels while they travel between the Pacific and Atlantic oceans, want a pay raise and formal work contracts, and are protesting by giving only limited help to clear gridlocks in the busy trade route. With around 5 per cent of global trade passing through Panama, scores of vessels laden with containers are stretching out off the coast of Panama City, waiting to enter the canal. The average time ships spent in canal waters stood at 42 hours early this week, compared with an average of 24.5 hours last year. The delays are costing shippers tens of thousands of dollars per day. |
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