The quotas issued electronically by the Panamanian Consulate in Havana were monopolized and resold, according to the Panamanian authorities. In other cases, Cubans took advantage of the card to continue en route to the United States. The temporary suspension of the tourism card that allowed Cubans to travel to Panama to make purchases was due […]
The Trump administration is trying to reach a deal with the Panama government that would allow the United States to send asylum seekers from Africa, Asia and elsewhere to Panamanian territory, if those travelers passed through the country en route to U.S. soil. The “safe third country” accord would primarily apply to the relatively small […]
Fitch Solutions reports that while Panama’s economy is strong, the trade war will weigh in on auto sales. Key View We believe that the trade war between the US and China will prevent Panama’s regionally outperforming economic growth from translating into stronger vehicle sales, as it is so integrated into global trade. Although we believe […]
Today, I join my countrymen in celebrating the 500th founding anniversary of the capital of the Republic of Panama, Panama City, which was established on Aug. 15, 1519 by Pedro Arias Dávila – making it the Pacific coast’s oldest Spanish settlement in the Americas. As part of this commemoration, the Commission of the 500th […]
Panama and Honduras were the only two Central American countries to report increases in foreign direct investment in 2018 over the previous year, with year-on-year changes of 36% and 3%, respectively. The growth of investments directed to Panama, which concentrated 51% of the sub-regional total, explained the increase that was reached in 2018 in Central […]
Arnold & Porter in Washington, DC and Icaza, González-Ruiz & Alemán in Panama City have helped Panama issue US$2 billion in sovereign bonds, with one 40-year tranche achieving an interest rate below 4% for the first time.
On Aug 14, we issued an updated research report on Franco-Nevada Corporation FNV. The company appears to be on a promising long-term trajectory, aided by its healthy portfolio of streaming and royalty agreements. Further, Franco-Nevada is well placed to gain from the Cobre Panama project and solid energy revenues. Franco-Nevada delivered stellar earnings results for […]
The Panama Canal will allow vessels coming from Venezuela to transit the waterway provided they present the necessary paperwork, the canal authority’s chief said on Wednesday, suggesting a new round of U.S. sanctions on the South American country may not make any difference to canal traffic. President Donald Trump’s administration last week issued an executive […]
Having participated in the construction of the second terminal at Panama’s Tocumen international airport and the second line of the metro, Odebrecht has now expressed interest in a project to shore up power dispatch capacity in the country. The Brazilian group is one of 20 firms that submitted inquiries to state power transmission company Etesa in the […]
Jaguar is one of the large mammals that are under stress because the Central American wildlife corridor has become fragmented. Credit: Eduardo Estrada, Wildlife and Conservation Photographer. The expansion of human populations has left animals such as white-lipped peccaries, jaguars, giant anteaters, white-tailed deer and tapirs isolated throughout Panama, a study recently published in Conservation […]