AGP Executive Report
Last update: 6 hours agoCanal & Ports Dispute: CK Hutchison has launched fresh international arbitration against Panama, seeking over US$1.5bn after Panama seized the Balboa and Cristóbal terminals, escalating a US-China flashpoint around the canal. Energy & Transport Costs: Panama’s National Energy Secretariat set new maximum fuel prices from Aug. 21 to Sept. 4: 95 octane down to $1.23/l, 91 octane down to $1.16/l, while low-sulphur diesel rises to $1.35/l. Digital Tax Update: Panama will charge ITBMS (7%) to digital platforms selling services like Netflix and require digital invoices, with collection routed through electronic payments. Canal Operations Under El Niño: The Panama Canal Authority is evaluating possible adjustments to daily transits as El Niño could last longer than prior episodes, with an announcement expected within 48 hours. Public Works: Metro de Panamá opened a single electronic proposal for a 6.6-km, six-station transport project (with evaluation and correction period). Local Infrastructure: Crews in Boro, Veraguas are improving production access roads for about 400 residents across five communities. Agriculture Biosecurity: U.S. officials urged South Texas livestock producers to stay vigilant as the New World screwworm response expands, including sterile-fly production and surveillance.
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