Guatemalan President Otto Pérez Molina resigned after months of demonstrations grew ominous. Elena Toledo writes in the PanAm Post of recent events in Guatemala. Guatemala has experienced a unique turn of events over the last few weeks, which foreigners will likely seek to replicate elsewhere. Following months of demonstrations over a corruption scandal, President Otto […]
The delay in the construction of the convention center in Amador and the lack of specific promotion are part of the factors that are preventing exploitation of the potential offered by the country for this tourism segment. Tourism entrepreneurs believe the country has the basic conditions to become a specialized center for convention tourism, as […]
Slower economic growth in Panama, following several years of strong expansion, may heighten the erosion of credit strength brought about by very high competition among local banks, says Fitch Ratings. In Fitch’s view, bank competition may actually intensify in times of less vigorous loan demand, exacerbating many banks’ already limited capital generation. Near term, there […]
This in from Doane College, Crete, Nebraska. Another feel good story. Panama children exposed to art Doane students introduced unfamiliar supplies to villages in Panama. Lauren Wagner Staff Writer They traveled by Toyota Land Cruiser for four hours through a jungle, visited an island that was just 75 steps in length and snorkeled among ocean […]
The aim is to implement the operation of customs offices of both countries in the same physical space, with the control of goods and passengers being carried out simultaneously. The agreement between the customs authorities of Panama and Costa Rica includes recommendations, designs and procedural logic for an Integrated Control Center (CCI), to be constructed […]
AES has announced that in early 2016 it will start construction of a 381 MW power plant based on natural gas in the province of Colon. The power generated at the plant will be distributed according to the terms of the newly awarded contract for 350 MW to Gas Natural Atlántico, a subsidiary of AES […]
Local business leaders are hoping to strengthen ties with Panama and will lead a trade mission to the Central American region this week. With the Panama Canal being widened, so-called mega ships will be able to bring 14,000 containers of freight at a time to this country. Local leaders hope to bring more of that […]
Lack of liquidity has prevented work from continuing with the original contractor, which could be replaced by Brazil’s Odebrecht or the Mexican company Ingenieros Civiles Asociados. Eric Velasquez, engineer of the Tourism Authority of Panama in charge of coordinating this project, told Prensa.com that “… the consortium argued lack of financial capacity to make changes […]
Fitch Ratings has assigned the following ratings for Autoridad del Canal de Panama’s: –Long Term Issuer Default Rating (IDR) ‘A’; –Proposed senior unsecured notes ‘A (EXP)’. The Rating Outlook is Stable. The expected ratings reflect the strategic importance of Autoridad del Canal de Panama (ACP) and the legal framework that provides autonomy to the entity. […]
Panama has made some key moves in order to get itself removed from the international “grey list” of nations that aren’t doing enough to fight money laundering, but these efforts may yet fall short. The grey list is maintained by the Financial Action Task Force (FATF), an inter-governmental body that promotes anti-money laundering policies. Panama […]