Fitch Ratings – New York – 03 Feb 2021: Fitch Ratings has downgraded Panama’s Long-Term Foreign Currency Issuer Default Rating (IDR) to ‘BBB-‘ from ‘BBB’. The Rating Outlook is Negative. KEY RATING DRIVERS Panama’s downgrade to ‘BBB-‘ reflects the severe weakening of public finances due to the economic disruption caused by the coronavirus pandemic, which […]
Joselyne Edwards made history in her UFC debut, and she’s not stopping there. See the video here The 25-year-old became the first fighter from Panama to set foot in the octagon and the first female from her country to get a win under the UFC banner with her victory over Wu Yanan at UFC on ABC 1 earlier […]
The first deal of its type between Hotelbeds and PROMTUR Panama aimed at raising awareness of the beauty and diversity of the destination; The co-op campaign will be tailored to travelers from the US, Canada, Europe, China and LATAM and is designed to put Panama high on their wish lists for when safe travel resumes. […]
Panama has sought to acquire more than 8 million coronavirus vaccine doses to inoculate about 80% of the Central American nation’s residents, Health Minister Luis Sucre said on Sunday. Panama has a population of about 4.2 million people but most coronavirus vaccines require two shots spaced several weeks apart. Panama has requested about 1 million […]
Panama Sportfishing Alliance is pleased and excited to announce the recent partnership with the exclusive Seagull Cove Resort in Boca Chica, Panama. Located along the Pacific Ocean in northwestern Panama, this area is known for serious offshore, inshore, fly and spearfishing, attracting vacationing anglers from all over the world for year-round sportfishing action. Panama Sportfishing Alliance has […]
The Panamanian government has announced the reopening of the country’s land borders. “The National Immigration Service announces the reopening of land borders, for the entry and exit of Panamanian nationals, residents and foreigners,” the government statement reads. Those entering Panama must comply with “biosecurity measures” that include demonstrating proof of a negative coronavirus test — […]
Pfizer has informed Panama that shipments of its COVID-19 vaccine will resume to the Central American country the week of Feb. 15, the Panamanian foreign minister said on Friday. Pfizer will deliver 450,000 doses in the first quarter of the year, said Foreign Minister Erika Mouynes. Panama’s first batch of Pfizer vaccines on Jan. 20 […]
After a 50% year-on-year fall in new car sales in 2020, Panamanian businessmen expect a 25% increase in the number of units sold in the local market by 2021. The covid-19 outbreak generated a health and economic crisis that severely affected the automotive industry. The most recent report of the Comptroller General of the Republic specifies […]
The Panama Canal is a vital passage for moving goods from the Atlantic to Pacific oceans faster, and since its expansion in 2016 to accommodate larger vessels and increasing liquefied natural gas (LNG) traffic, it’s become a crucial route in moving LNG from the United States to Asia in a timely manner. LNG traffic has […]
During 2020, it is estimated that the average price of a ton of steel increased 19%, a rise that impacts the construction industry and is explained by the increase in logistics costs and the suspension of the extraction of the material due to the outbreak of covid-19. Central American businessmen report that during last year, which was […]