The travel and tourism sector in Latin America and the Caribbean is projected to take a $110 billion hit due to COVID-19, says a new World Economic Forum report. Investment in infrastructure could bring back tourism as well as rebuild the economy. Public-private partnerships, improving technology and investing in infrastructure resilience are keys to building back […]
In the region, it is estimated that more than 4 million people show interest in the digital environment for supermarkets, being Walmart, Pricesmart, Paiz, La Torre, La Colonia and Super Selectos, some of the chains that have better positioned in the minds of consumers. An analysis of the interests and preferences of consumers in Central America, prepared […]
The Panamanian Assembly approved in first debate the bill creating the Special Regime for the Establishment and Operation of Multinational Companies for the Provision of Services related to Manufacturing. This bill aims to create the Special Regime for the Establishment and Operation of Multinational Enterprises for the Provision of Services Related to Manufacturing (EMMA), in order to […]
Billowing dust trailed the van as it barreled down a dirt road. In the back seat, Faustin Dieumes held his pregnant wife, running the remnants of a damp napkin over her face. Her body was limp and one of her palms laid face up in her lap. The couple had gone two days without food […]
Fitch Ratings has assigned an expected rating of ‘BBB (EXP)’ to Banco Nacional de Panama’s (Banconal) proposed senior unsecured notes to be issued in the amount up to USD 1 billion at a fixed-rate interest rate to be set at the time of the issuance. The tenor is likely to be 10 years, and a […]
The Friday call to ‘the great popular protest’ against labor reforms in front of Parliament radicalized the actions by Panama’s labor sectors, which escalate the confrontation to the government, after a week of protests. During a Friday morning session, the legislators made the final analysis of the bill that will be voted on at […]
The Ministry of the Presidency of Panama tenders the operation, maintenance and infrastructure improvements of the sewerage system, collectors and interceptors, sanitary pumping and treatment systems in Panama and San Miguelito. Panama Government Purchase 2020-0-03-0-08-LV-038222: “The purpose of this tender is to select and contract a company or consortium of companies for the execution of the […]
One of our favorite short cruises was on a Pulmantur ship out of Colon with destinations to Aruba, Bonaire and Curacao. Now in bankruptcy, two of the ships are headed for demolition and sale as scrap! The cruise industry is devastated worldwide and with the Pullmantur shipping company scrapping at least two of its vessels […]
Container ship CAP JACKSON reportedly suffered fire in engine room while at anchor at Balboa, Panama, where she arrived on Jul 29 from Manzanillo Mexico. 1 crew injured, one generator completely destroyed. CAP JACKSON port of call was Puerto Colon, she was to transit Canal. As of 0430 UTC Aug 2, she remained at anchor. […]
Earlier this week, Panama announced that it would be opening its borders to select individuals. The country’s borders have been completely locked down since late March until a decree was signed on July 31st to change that. Transiting passengers are among those who will benefit from the new ruling, but the country is not yet ready to […]