Assicurazioni Generali SpA (G.MI) said on Monday that it has finalized the sale of its operations in Colombia and Panama as part of the company’s plan to rejig its international footprint. The Italian insurer said the total consideration for the two sales was approximately 170 million euros, adding that the deals would allow it to […]
In response to actions taken by the Maduro government, Panama will suspend cargo and passenger transport activities of Venezuelan airlines operating in the country for three months Immediately after the retaliation measures that the Varela administration intends to implement were made public, the Venezuelan government announced it will suspend economic relations with more companies in […]
This year in Panama realtors expect to sell 9,000 homes and generate $1.146 billion, which would be a 34% increase compared to the value sold last year. The National Council of Housing Promoters (Convivienda) plans to sell 8,958 units of housing nationwide this year, after having sold 7,219 units last year. See also “Central America: […]
Panama has done a good job of tackling inflation as reported by Reuters. Panama consumer prices rose 0.6 percent in March from the same month last year, driven by increases in prices for education, restaurants and hotels, the Central American nation’s comptroller said on Friday. Between January and March, Panama registered inflation of 0.4 percent, […]
Panama government bonds are in high demand with offers received for 3 times more than are being issued. The government issued $1.2 billion worth of debt securities in the international market, maturing in 2050 and with a coupon of 4.5%. From a statement issued by the Ministry of Economy and Finance: April 9, 2018. The […]
I cannot wait for our new cruise terminal and the numbers show the need for the expansion. The number of tourists that arrived at the Amador marina in the first quarter of the year almost tripled compared to the figure for the same period in 2017, and the number of cruises grew by 45%. From […]
Mary Triny Zea writes for LatinoRebels on who climate change is affecting the Guna and their islands in the San Blas. The natives of Cartí Sugdup island, in the archipelago of Guna Yala —known worldwide as San Blas— on the northeast end of the province of Panama, are ready, between fears and hope, to move to […]
As if President Trump didn’t need another attorney problem, now this in from ABC with video and more. Panamanian President Juan Carlos Varela says Trump Organization lawyers erred by sending a letter to his office directly appealing for help in a fight over the control of a luxury hotel in what experts say was a […]
In just the last few years, Panama City has won renewed recognition from American travelers. Easy access to the Panama Canal, easily one of the great wonders of the modern world, helps. But the way history melds with a cosmopolitan vibe has many modern-day explorers flocking to the city’s vibrant streets and sprawling shores. If […]
Panama is considering building a passenger train to Costa Rica with China, a project that would require an initial investment of $5 billion, Panama’s President told Reuters in an interview, a sign of the Asian country’s growing interest in Latin America. President Juan Carlos Varela said Panama is promoting infrastructure investment in general and will […]