Infrastructure works requiring investments of more than US$2.7bn remain on hold in Panama, because the health ministry (Minsa) refuses to greenlight projects that the public works ministry (MOP) deems important. The construction sector, including production of cement and other materials, had to halt activity on March 24 to contain the spread of the coronavirus. On […]
On May 27, 2020, Executive Decree No. 298 was approved, amending, and adding provisions to Executive Decree No. 251 of March 24, 2020, which adopted tax measures to alleviate the economic impact of the State of Emergency decreed in Panama as a result of COVID-19. The following modifications and additions are of special interest: Extension […]
Fitch Ratings has affirmed AES Panama, S.R.L.’s Long-Term, Local and Foreign Currency Issuer Default Ratings (IDRs) at ‘BBB-‘. In addition, Fitch has affirmed AES Panama’s National scale rating at ‘AA+(pan)’ and the company’s USD375 million notes due 2022 at ‘BBB-‘. The Rating Outlooks for the IDRs are Stable. The ratings reflect AES Panama’s strategic changes […]
Shy Dahan , an Israeli with a $10,000 price tag on his head after escaping from La Joyita prison two years ago has been recaptured in Ecuador while posing as members of the US Drug Enforcement Administration (DEA) and operating pandemic scams According to the Ecuadorian newspaper El Universo, Dahan’s arrest occurred in Quito, and […]
Medical personnel of the Social Security Fund (CSS), and the Ministry of Health in Panama West, went from house to house in the community of Vista Azul in El Tecal de Arraiján on Saturday, June 6, to identify positive cases of COVID 19. The rapid response team led by Health planner Elvis Villarreal, , went […]
This is about the extent of protests that we get here in Panama! Airline pilots and more took to the streets to protest against government measures to reopen the economy. Trade unions took to the streets of Panama City on Tuesday in protest at the government’s decision to reopen the country’s economy, claiming it will […]
The Central American sovereign made a risky move as pandemic-hit markets sealed shut over February and much of March – but upsizing the deal amid scarcity of high-quality credits in the bond market appears to have paid off. Deal at a Glance Deal Type: Eurobond Structure: RegS/144a Issuer: Republic of Panama Deal Size: USD2.5bn Issue […]
This home in Los Molinos was built in 2008 and is in great condition including the new roof installed by the owners a couple of years ago. It consists of 3 bedrooms and 4 complete bathrooms totaling over 2,200 square feet of living area. The home sits on a lot of over 15,000 sf with […]
Foods whose properties and benefits are well defined, and are produced by companies with sustainable practices, have the greatest potential to gain ground in a market that has been rapidly transformed. Although in recent weeks’ e-commerce and analysis of how consumers buy in times of quarantine has occupied most companies, there are other trends that […]
Panama’s public services regulator Asep has issued additional transitory measures for power sector stakeholders amid the coronavirus crisis. One measure calls on distributors not to cut service from March 1 through June 30 for non-payment under certain conditions, such as family income under US$2,000/month, employment suspension and in the case of retirees and pensioners. Distributors […]