Panama

Panama tenders $9 million cruise terminal operation

The Panama Maritime Authority has announced the tender for the operation and maintenance of the cruise terminal on Perico Island. The terminal is located at Panama City’s Amador Causeway, near the Pacific entrance to the Panama Canal. In this phase of the project, the terminal will be able to berth two large ships up to 380 meters/1,247 […]

Waked sues National Bank of Panama for losses due to actions taken after company was listed on US Clinton list

Abdul Waked, founder of former leading travel retail company Grupo Wisa, has filed a multi-million-dollar lawsuit against the National Bank of Panama (BNP), claiming damages, loss and loss-of- profit stemming from actions taken after Waked and his businesses were included by the U.S. Treasury Department on the “Clinton List” for activities linked to money laundering […]

DFA stores help transform Tocumen Airport

  Panama’s Tocumen International Airport is going through a major transformation, driven in large part by the new stores recently opened by Duty Free Americas. The makeover is immediately visible as travelers pass through Tocumen’s main security checkpoint in Terminal 1where they are greeted by two brightly lit, welcoming Duty Free Americas stores sporting a […]

Erasmo Orillac: Motta prepared to defend its turf at Panama’s Tocumen Airport “if it makes economic sense”

  Following Albert “Pancho” Motta’s tragic death last year, Motta Internacional has now reassigned some roles within the company in some of the businesses outside of Motta Internacional. “We all miss Pancho terribly but we are organized to go forward,” said Motta Internacional CEO Erasmo Orillac. Under the Attenza Duty Free brand, Motta currently operates […]

Tocumen tender announced

Tocumen SA, the airport management company at Panama’s leading international gateway is set to confirm details of the duty free tender for the airport’s North Terminal. After 2 years of planning with London based Pragma Consulting, Carlos Duboy, the recently appointed airport general manager has published the initial tender details and is expected early next […]

Abdul Waked sues the U.S. to show charges against him

Panamanian newspaper La Prensa last week reported that Grupo Wisa duty free operator Abdul Waked, who was accused of activities related to money laundering and drug trafficking by the United States in May, has filed a lawsuit against the Office of Foreign Asset Control (OFAC) of the U.S. Department of the Treasury. La Prensa said […]

Farewell to Alberto “Pancho” Motta

The heir of a proud legacy and pioneering spirit has passed away   It is with profound sadness and immense shock that we confirm the news that Alberto “Pancho” Motta, Jr., Director of Motta Internacional, passed away this morning at his home in Panama. Many of us in the industry spent the last week with […]

Panama’s Tocumen Airport plans new $650 million bond issue

Panama’s Tocumen Airport administrators in Panama are negotiating with Citi to structure and launch the second bond issue in two months in order to complete financing for the expansion of the airport’s South Terminal, reports prensa.com. The goal is to sell the entire issue on the international market before the end of this year, and […]

Motta Internacional: A proud legacy and pioneering spirit

As the pioneer duty free company in the Americas, Motta Internacional holds a special position in the development of the industry. From its humble beginnings back in 1949 when the original Motta & Motta opened the first duty free store in the hemisphere in Panama, today Motta Internacional and its affiliated companies encompass over 2,000 […]

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