Fitch Ratings has affirmed the Panama Canal Authority’s (ACP) ‘A’ investment grade rating with a stable outlook for its long-term issuer default rating and its senior unsecured notes for the third consecutive year. The credit rating agency highlighted the canal’s “stable volume performance, solid competitive position, and well-diversified cargo mix, causing [the] ACP’s volume profile […]

My favorite world foodie, Anthony Bourdain explores and dines in LA’s diverse neighborhoods, in partnership with Land Rover.  This is a great series in Remembering Anthony.

Orla Mining (TSXV: OLA; US-OTC: ORRLF) has increased gold recoveries at its Cerro Quema gold project in Panama with results from new metallurgical column tests — part of a larger initiative to update the project’s 2014 prefeasibility study (PFS) by mid-2019. The company achieved 96% gold recoveries for its La Pava deposit and 91% for […]

A study in the journal Bulletin of Marine Science describes a new, blood-red species of octocoral found in Panama. The species in the genus Thesea was discovered in the threatened low-light reef environment on Hannibal Bank, 60 kilometers off mainland Pacific Panama, by researchers at the Smithsonian Tropical Research Institute in Panama (STRI) and the […]

Specifications are being published for the design, construction of civil works, auxiliary installations, supply and installation of an integral system that includes monorail rolling stock for the third Line. According to details of previous studies, Line 3 of the Panama Metro will be located between the provinces of Panama and Panama West, covering part of the […]

“Public debt in terms of simple average for the Central American region will continue growing, reaching 43.1% of GDP in 2018, after having registered 42.5% in 2017.” The Central American Institute of Fiscal Studies (Icefi) estimates that for the current year the size of public expenditure of the Central Government in relation to the respective […]

In the first eight months of the year, the authorities registered 179,000 work contracts, 4% less than the 186,000 contracts reported in the same period in 2017. According to figures from the Ministry of Labor and Labor Development between the first eight months of 2017 and the same period in 2018, the types of permanent […]

To correct alleged price distortions in the local market, the Panamanian government plans to regulate imports of beef from Nicaragua. The Ministry of Agricultural Development (MIDA)’s plan is to establish new import rules, which will aim to correct the “distortion in the price of beef paid for the local product.” The new regulatory framework, which according to Panamanian authorities consists […]

Fewer ships from China and the United States could use the Panama Canal if trade tensions escalate between the two economic giants, but the dip could be offset by grain exports from north Brazil, the head of the organization that operates the waterway said.  The canal, which cuts through Panama creating an essential shipping route […]

Panama has enlisted the help of Foley Hoag LLP to defend it from arbitration initiated by the Spanish construction company Sacyr SA regarding cost overruns incurred during a project to broaden the Panama Canal, Law360 learned on Tuesday. Reports emerged early this week that Sacyr, a member of the consortium Grupo Unidos Por El Canal […]