Panama is in Middle America, bordering both the Caribbean Sea and the North Pacific Ocean, between Colombia and Costa Rica. In the Panama is one of Bacardi manufacturing plant. Here is list of companies whose rum bottle labels I have in my collection:

Bacardi Centroamericana, S.A.(2)
Bodegas de America, S.A.(4)
Caribbean Spirits(15)
Central Industrial Chiricana, S.A. (Cichisa)(1)
Cohete Rojo, Panama City(0)
Cuba Libre Products, Inc.(2)
Destiladora Nacional, S.A.(4)
Tulio Gerbaud(0)
Varela Hermanos, S.A.(4)
Other(0)