Central America
Audit Exposes Major Breaches in Panama Canal Port Concession, $300 Million Owed to State
The Comptroller General of Panama, Anel Flores, stated on Monday that the audit initiated last January on the Chinese company CK Hutchison’s subsidiary, which operates two ports around the Panama Canal, has revealed a series of breaches of contract, a multi-million dollar debt with the State, and irregularities in the automatic renewal of the concession.
“More than 300 million (dollars) are owed to us due to breaches in the contract,” Flores said, referring to Panama Ports Company (PPC), which operates the Balboa and Cristóbal ports located at the Pacific and Atlantic entrances of the Canal, respectively.
PPC has managed Balboa and Cristóbal, two of the five ports around the Canal, since 1997, when it was granted a 25-year concession contract that was automatically extended for another 25 years in June 2021, amid accusations of alleged corruption and unfavorable conditions for the Panamanian State, which holds a 10% stake.
In a press conference surrounded by auditors, the comptroller made a lengthy list of the unfavorable results for the Panamanian State from a modification to the concession conditions made in 2002, during the government of Mireya Moscoso (1999-2004).
These changes, which among other things eliminated a 22 million-dollar annual fee to the treasury, left the State with a fee based on container entries and included a series of tax exemptions, allowing the treasury to lose “about 1.2 billion dollars over two decades, at a rate of 55 million dollars per year.”
“This situation is not the company’s fault,” Flores said, “but rather the fault of some ‘bad Panamanians’ who negotiated the concession contract very poorly.”
The automatic renewal of the PPC concession approved by the Board of Directors of the Panama Maritime Authority (AMP) “did not meet all the legal requirements and also lacks the endorsement of the General Comptroller’s Office,” something the law mandates, Flores emphasized.
Central America
Panama confirms drug contamination of El Salvador coffee shipment occurred on its territory
A container originating from El Salvador and carrying coffee for export was contaminated with more than 1,152 packages of drugs while in transit through Panama, according to official information confirmed by the Panamanian government this Tuesday.
The case, which had previously generated political controversy in April 2025 after opposition sectors attempted to link the Salvadoran government to drug trafficking, has now been clarified through renewed investigations.
Authorities confirmed that the container departed from the port of Acajutla after being properly inspected, with no illicit substances detected at the time of export.
According to statements previously provided by El Salvador’s Minister of Defense, René Merino Monroy, the shipment traveled first to the port of Balboa in Panama, where it remained stored for several days before being transferred to another vessel bound for Manzanillo in Colón.
It was at that terminal that Panamanian authorities discovered the drugs and identified tampering with the container seals, indicating that the illicit alteration occurred during its transit in Panama rather than in Salvadoran territory.
The findings align with earlier explanations provided by Salvadoran officials and confirm that the contamination of the cargo took place outside of El Salvador’s jurisdiction.
Central America
Uber Eats adds Puntarenas and Turrialba to growing Costa Rica network
Uber Eats announced that it is continuing to expand its presence in Costa Rica with the launch of operations in the cities of Puntarenas and Turrialba, further strengthening the company’s growth in the country.
With this expansion, the delivery platform is now available across all seven Costa Rican provinces and works with more than 6,000 partner businesses. Its offerings include prepared food, supermarkets, pharmacies, pet stores, and other specialty retailers.
As part of the announcement, Uber Eats also introduced Marco Nannipieri as its new Regional General Manager for the Andean Region, Central America, and the Caribbean.
Nannipieri will oversee the company’s operations in Costa Rica along with seven other countries in the region.
“Costa Rica is a key market for Uber Eats in the region, with growing adoption of technology among users and businesses. Over the past five years, more than 1,000 restaurants and merchants have joined the app, and today we are entering a new stage of expansion that will allow us to reach more cities outside the Greater Metropolitan Area, creating new opportunities for entrepreneurs across the country,” Nannipieri said.
Central America
Report questions direction of Nasry Asfura after 100 days in office
The Center for the Study of Democracy warned Tuesday that the government of Nasry Asfura, which marks its first 100 days in office on Wednesday, has failed to show a “significant change in direction” and continues to follow a model characterized by exclusion, inequality, and external dependence.
In its report titled “100 Days of the Nasry Asfura Government: Concerns and Demands,” Cespad stated that the administration has maintained an economic and political model that prioritizes debt payments, the promotion of extractive projects, and the strengthening of the security apparatus over social investment.
The organization argued that the current policies have not addressed structural problems affecting large sectors of the Honduran population and warned that inequality and economic dependence remain key challenges for the country.
Nasry Asfura won the general elections held on November 30, 2025, in a process marked by allegations of fraud and delays in the vote count that lasted nearly a month due to a series of technological failures.
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