Fitch Downgrades Panama’s IDR to ‘BBB-‘; Outlook Negative


News from Panama

Fitch Ratings – New York – 03 Feb 2021: Fitch Ratings has downgraded Panama’s Long-Term Foreign Currency Issuer Default Rating (IDR) to ‘BBB-‘ from ‘BBB’. The Rating Outlook is Negative. KEY RATING DRIVERS Panama’s downgrade to ‘BBB-‘ reflects the severe weakening of public finances due to the economic disruption caused by the coronavirus pandemic, which […]

February 8, 2021

Panama Sportfishing Alliance Announces Recent Partnership with Seagull Cove Resort in Boca Chica, Panama Offering All-Inclusive World Class Fishing Vacation Memberships


News from Panama

Panama Sportfishing Alliance is pleased and excited to announce the recent partnership with the exclusive Seagull Cove Resort in Boca Chica, Panama. Located along the Pacific Ocean in northwestern Panama, this area is known for serious offshore, inshore, fly and spearfishing, attracting vacationing anglers from all over the world for year-round sportfishing action. Panama Sportfishing Alliance has […]

February 8, 2021

Panama reopens land borders to tourists


News from Panama

The Panamanian government has announced the reopening of the country’s land borders. “The National Immigration Service announces the reopening of land borders, for the entry and exit of Panamanian nationals, residents and foreigners,” the government statement reads. Those entering Panama must comply with “biosecurity measures” that include demonstrating proof of a negative coronavirus test — […]

February 1, 2021

Vehicle Sales: Optimism in Panama


News from Panama

After a 50% year-on-year fall in new car sales in 2020, Panamanian businessmen expect a 25% increase in the number of units sold in the local market by 2021. The covid-19 outbreak generated a health and economic crisis that severely affected the automotive industry. The most recent report of the Comptroller General of the Republic specifies […]

February 1, 2021