Fitch Ratings has affirmed AES Panama Generation Holdings, S.R.L.’s (AES Panama Generation) Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at ‘BBB-‘ and the Long-Term National Scale Rating of ‘AA+(pan)’. The Rating Outlook on all ratings is Stable. Fitch has also affirmed the company’s USD1.38 billion senior secured notes ratings at ‘BBB-‘ and ‘AA+(pan)’ […]
A record 42,000 migrants bound for North America have this year entered Panama by trekking across the perilous jungle area known as the Darien Gap, Panamanian authorities said on Wednesday, warning the numbers are likely to increase as borders open up. Every year many migrants perish during the gruelling six-day hike across the Darien Gap, […]
The Central American Bank for Economic Integration (CABEI) estimates that this year it will disburse between US$400 and US$500 million to Panama, a country to which it has approved more than US41.16 billion for water, infrastructure, health, and research projects. “I would expect Panama to easily disburse some US$4.4 – 4.5 billion” this year, “between […]
The Situation Colombia: Necoclí has been a reception and transit point for transcontinental migrants wishing to reach North America, mainly the USA, via the Pan-American route that crosses Colombia to Panama through the Darien Gap. It is estimated that more than 46,500 migrants (more than 6,200 children and adolescents) have transited through the Darién Gap […]
Orla Mining (TSX: OLA) announced today that the results of a Pre-Feasibility Study (“PFS”) and mineral resource and mineral reserve estimates on its Cerro Quema Oxide gold project located in the Azuero Peninsula, Los Santos Province, Panama, demonstrate the possibility of a low cost, high return heap leach project. The company said that estimated project […]
U.S. authorities obtained a court order allowing them to demand financial information from banks and couriers about wealthy Americans suspected of using a Panamanian law firm to evade taxes. The Internal Revenue Service can now get information about electronic fund transfers and courier deliveries between the firm, Panama Offshore Legal Services, and its U.S. clients, the […]
The Panamanian samples were chosen from among 235 in the international competition “Cocoa of Excellence” (Cacao de Excelencia). The Ministry of Agricultural Development of Panama ( MIDA ) reported that three samples of Panamanian cocoa were selected among the top 50 in the “Cocoa of Excellence” competition, which this time had the participation of 235 […]
This article from Oscar Pena and Rod Larrivee at Retire in Panama will discuss the cost of living in Panama. The article was originally written in February 2019, and it is now March 2020, but the inflation rate in Panama for 2019 came in at -0.5%, so the number are very relative. A comfortable retirement lifestyle […]
Nitra, Slovakia, October 27 – AirCar (V5) is the latest generation flying car that transforms from road vehicle into air vehicle in less than 3-minutes. Useful for leisure and self-driving journeys, and also as a commercial taxi service, the dual mode transformation vehicle can go from driving to flying mode with the click of a button. […]
In a meeting between Millicom CEO Mauricio Ramos and Panamanian President Laurentino Cortizo Cohen, Ramos announced major investment plans, as well as the creation of a Fintech Hub Millicom is keen to demonstrate its commitment to advancing the digitalisation of Panama, announcing a plan to invest $250 million into their local business over the 2021–2022 […]