Panama manage to issue bonds on the international market with a margin of only 2.05% above the 10-year US Treasury benchmark. The margin of 205 basis points over the 10-year US Treasury bond was even better than that achieved by other countries in the region with equal or better risk ratings, such as Colombia (BBB), […]
The Panama Canal Authority plans to publish conditions for the tender in August, after participants have completed a pre qualification process and consultation period. Today March 11th is the date of receipt of proposals from companies interested in the construction and concession of the port. In November , the ACP announced that eleven companies had […]
Free Zone users require another type of measures on top of the proposals the government has discussed in the Assembly, such as reducing the charges for renting. The bill that was discussed in Congress and which seeks to increase the competitiveness of the Colon Free Zone (CFZ), (already approved in the first debate) is not […]
Citywire Americas team visited Panama and Miami to uncover how the New Year has begun for investors across both offshore hubs. Latin America relationship manager Samantha Muratori went to Panama to find out how the country is redoubling its efforts to fight money laundering. Meanwhile, Crystelle Tapé, Citywire’s US relationship manager, returned to Miami to […]
Chris Sanders writes for Transparency International about Ricardo Martinelli. Central American Parliament (PARLACEN) membership hinders investigation into alleged corruption by Martinelli and his cronies Transparency International today urged the Central American Parliament (PARLACEN) to revoke the membership of former Panamanian President Ricardo Martinelli, according to an open letter from the Chair of Transparency International and […]
Here is a great story by Robert McMillan, former chairman of the Board of the Panama Canal Commission. Panama, one of the United State’s most reliable Latin American partners, recently issued a warrant for the arrest of a former president, Ricardo Martinelli, claiming that he committed numerous high crimes during his 2009-2014 tenure, including using […]
Panama has got to get serious about this as it is wasting time and money by not proactively promoting this beautiful country. After having canceled the first contest, there has now been a second postponement of the date for receipt of bids in the tourism promotion tender worth $5 million. The tender to design and […]
The large majority of the nation’s solar PV capacity was put in service last year. Regulators have licensed 1 GW of projects. Panama’s installed solar PV capacity has reached a cumulative total of 43 MW. According to a report by the Public Service Authority of Panama (ASEP), at the end of last year there were […]
This in from Reuters. Panama should follow more effective deficit controls, an International Monetary Fund (IMF) commission said late on Friday, citing waivers and extensions that could threaten to undo recent gains in reducing the country’s debt. Valerie Cerra, head of the IMF commission meeting in Panama this week, proposed a new fiscal council or […]
Here is a great article from NPR by Jasmine Garsd about the happy factor here in Panama. March 20, is U.N. International Happiness Day. If you live in Denmark or Switzerland, you’re probably so happy that you don’t even notice this special day devoted to happiness. Those two countries are ranked the happiest in the […]