Fitch Ratings has downgraded Brazilian construction firm from B- to CC, arguing that the revelations about bribes “have exacerbated its reputational risk”. From a press release by Fitch Ratings: Fitch Ratings-Sao Paulo-17 January 2017: This is a correction of a release published Jan. 17, 2017. It corrects the rating for the USD800 million senior unsecured […]
The proposal is to extend by 20 years the concession of the container terminal at Puerto Coco Solo to Colon Container Company, which plans to invest $90 million in its expansion. From a statement issued by the Presidency of Panama: A bill, which seeks to grant an extension for 20 years to the contract for […]
The attendance of the president of the rebellious Chinese island to the inauguration of President Ortega and visits to the countries of northern Central America could have profound geopolitical significance. Even more so with Trump taking calls from the President of Taiwan. Here is an editorial that offers a view on the subject. EDITORIAL It […]
This is a cute video of the Equatorial Baptism held on the M/V World Sapphire Atlantic. The ceremony of Crossing the Line is an initiation rite in the British Merchant Navy, Dutch merchant navy, Royal Navy, U.S. Navy, U.S. Coast Guard, U.S. Marine Corps, Royal Australian Navy, Russian Navy, and other navies that commemorate a […]
Tyler Kapela’s in Panama with Tropic Star Lodge on an ocean safari—as in 10 species in one day! Yep you heard right, North American Fisherman host Tyler Kapela is on a safari in the ocean in Panama out of Tropic Star Lodge. With the help of his guide Albert Battoo they catch 10 species of fish in […]
The Amazing Race 29 is arguably one of the most anticipated TV shows this year. After being shunned its usual release date in the latter half of 2016, the fast-paced reality series got its fans worried that the whole franchise might be canceled. Fortunately, CBS, the network airing the hit TV show, eventually announced that […]
Cuba is a beautiful country but still locked in the grips of a dictatorship. The bureaucratic procedures and permits required by the Cuban government and some restrictions on the establishment of companies could represent obstacles for foreign businessmen interested in investing on the island. Although in Cuba there exists sectors such as telecommunications and construction, […]
From February 7th to 20th a delegation of Taiwanese businessmen will be visiting the two countries to evaluate and buy coffee, and take part in business meetings with local coffee growers. As part of the Taiwan Coffee Mission 2017, organized by the Ministry of Foreign Affairs in cooperation with the Trade Office for Central America […]
The Chamber of Commerce, Industries and Agriculture has decided to expel the Brazilian construction company from the union, after the payment of bribes was revealed in several countries, including Panama. From a statement issued by the CCIAP: The Chamber of Commerce, Industries and Agriculture of Panama notified this afternoon Constructora Norberto Odebrecht S.A., of its […]
Pope Francis wears a sombrero from Panama which was donated to him by a journalist on the occasion of the next World Youth Day, scheduled in 2019 in Panama, on board the flight from Krakow, Poland, to Rome, at the end of his 5-day trip to southern Poland, Sunday, July 31, 2016. (Credit: AP Photo/Gregorio […]