The Republic of Panama (“Panama“) announced today the commencement of a global offering (the “New Bonds Offering“) of its global bonds to be denominated in U.S. Dollars, due 2028 (the “2028 New Bonds“) and due 2047 (the “2047 New Bonds” and together with the 2028 New Bonds, the “New Bonds“). The New Bonds offered […]
At the end of the first quarter, the value of new constructions, additions and repairs amounted to $567 million, 10% more than in the same period in 2016. The value of new construction, additions and repairs recorded in March was $235 million, up from $165 million in March 2016. See also: “What public infrastructure works […]
<p><img src=”http://piwik.prensa-latina.cu/piwik.php?idsite=3″ style=”border:0″ alt=”” /></p> Panamanian meteorologists predicted that there were 50 percent of probabilities that the atmospheric phenomenon El Niño returns to Panama by the end of June or in early August, causing a disaster in agriculture. Such prediction triggered alarms in the sector, because if it is right, the aforementioned phenomenon will cause […]
Anna Hirtenstein writes for Bloomberg about this great idea — At a garbage dump about 80 miles west of London, Adrian Griffiths is testing an invention he’s confident will save the world’s oceans from choking in plastic waste. And earn him millions. His machine, about the size of a tennis court, churns all sorts of petroleum-based products […]
The Panama Canal Authority insists on the great commercial potential a port in Corozal Oeste would have, and announced that it will be re-evaluating alternatives to develop it. From a statement issued by the Canal Authority: The Board of Directors of the Panama Canal Authority (ACP) has authorized the Canal Administration to carry out the […]
Successful Aero Expo Panama Pacifico Proves Business Aviation Growth in Latin America. A successful second annual event is in the books for the Aero Expo Panama Pacifico (AEPP). The expo was larger than its premier in 2016 and enjoyed a 20 percent increase in attendees and 32 exhibitors representing 15 countries. Eight static aircraft were […]
Luke Kawa writes for Bloomberg about the signs that are pointing to a looming slowdown in global trade growth, according to Morgan Stanley. Each component of the bank’s proprietary global trade leading indicator — save for the U.S. dollar — declined in April to mark back-to-back drops for the index, which is used to forecast […]
Nicholas Gill takes us to the Azuero Penninsula and out to Playa Venao to visit a small but wonderful restaurant called Panga. Panga, on the Azuero Peninsula of Panama, is over 60 miles from the nearest supermarket. “It’s like I live on a boat,” said Andrés Morataya, the restaurant’s chef. Yet what Panga lacks is […]
This is a great National Geographic Article written by Sarah Gibens. For almost 100 years, Coíba was inhabited only by criminals and political prisoners. Now it’s one of the most biodiverse regions on the planet. Beautiful but extremely dangerous—that’s how many Panamanians think of the island of Coíba 30 miles from their southern coast. The largest […]
Jenny Berg writes in Bravo Jet Set about Panama as an option for your honeymoon. Heck, pretend it is your honeymoon and come visit us! Let’s get this out of the way: The Panama Canal is, indeed, a marvelous feat of engineering. But — surprise! — there’s more to Panama City than a set of […]