Panama: Auto Sales Still Decelerating


News from Panama

In the first quarter, 14,230 new vehicles were registered, 11% less than the 16 thousand registered in the same period last year. Figures compiled by the Office of the Comptroller General of the Republic indicate that in March there were 5,462 new vehicles, distributed as follows: 2,075 are automobiles, 219 are luxury cars, 1,853 are […]

May 8, 2017

The Republic of Panama announces the commencement of a global note offering and commences an offer to purchase any and all of its 5.200% Global Bonds due 2020


News from Panama

  The Republic of Panama (“Panama“) announced today the commencement of a global offering (the “New Bonds Offering“) of its global bonds to be denominated in U.S. Dollars, due 2028 (the “2028 New Bonds“) and due 2047 (the “2047 New Bonds” and together with the 2028 New Bonds, the “New Bonds“). The New Bonds offered […]

May 8, 2017

El Niño Could Return to Panama and Damage Agriculture


News from Panama

<p><img src=”http://piwik.prensa-latina.cu/piwik.php?idsite=3″ style=”border:0″ alt=”” /></p> Panamanian meteorologists predicted that there were 50 percent of probabilities that the atmospheric phenomenon El Niño returns to Panama by the end of June or in early August, causing a disaster in agriculture. Such prediction triggered alarms in the sector, because if it is right, the aforementioned phenomenon will cause […]

May 8, 2017

New Attempt to Get a Port in Corozal


News from Panama

The Panama Canal Authority insists on the great commercial potential a port in Corozal Oeste would have, and announced that it will be re-evaluating alternatives to develop it. From a statement issued by the Canal Authority: The Board of Directors of the Panama Canal Authority (ACP) has authorized the Canal Administration to carry out the […]

May 8, 2017

Global Trade Growth Is About to Slow, Morgan Stanley Says


News from Panama

Luke Kawa writes for Bloomberg about the signs that are pointing to a looming slowdown in global trade growth, according to Morgan Stanley. Each component of the bank’s proprietary global trade leading indicator — save for the U.S. dollar — declined in April to mark back-to-back drops for the index, which is used to forecast […]

May 8, 2017

In Panama, a Restaurant as Remote as It Is Satisfying


News from Panama

Nicholas Gill takes us to the Azuero Penninsula and out to Playa Venao to visit a small but wonderful restaurant called Panga. Panga, on the Azuero Peninsula of Panama, is over 60 miles from the nearest supermarket. “It’s like I live on a boat,” said Andrés Morataya, the restaurant’s chef. Yet what Panga lacks is […]

May 8, 2017