Seven major European investment firms told Reuters they will divest from beef producers, grains traders and even government bonds in Brazil if they do not see progress in resolving the surging destruction of the Amazon rainforest. The rising threats from investors with more than $2 trillion in assets under management, including Finland-based Nordea and the […]
Restructuring of airlines, preference for direct flights, modifications in the routes operated and the use of smaller aircraft are some of the changes expected in the regional air market in the context of the new business normality. Air traffic has virtually disappeared in the last three months, as governments in Central America have decided to […]
In 2019, 20 environmental impact studies were submitted to build hospitals, clinics and other health care centers in the countries of the region, projects valued at $340 million. The interactive platform “Construction in Central America“, of the Trade Intelligence Unit of CentralAmericaData, includes an updated list of public and private construction projects that present environmental impact studies (EIS) to the […]
Full opening by regions and not by blocks, reactivation of construction and the establishment of an emergency financial assistance plan are some of the proposals of the Panamanian business sector to face the economic and health crisis. For the Panamanian Association of Business Executives (Apede) the confinement measures do not manage to stop the advance of covid-19 transmission, but […]
The Panama Canal reported a 21% drop in the number of ships crossing the waterway in May amid the coronavirus pandemic, compared to projections for traffic. Just 937 ships used the canal last month, while there were 260 cancellations of crossings, canal administrator Ricaurte Vásquez said Wednesday. He said 119 of the cancellations involved giant […]
Panamanian authorities announced that the Industrial and Commercial Bank of China Ltd. was approved for a general license to operate in the local system. The information was confirmed by the head of the Superintendency of Banks, Amauri Castillo, who explained that the Asian banking institution will be able to operate in Panama’s financial center and do business […]
After President Cortizo partially banned the moratorium bill, the National Assembly discussed the initiative in a second debate, which was unnecessary for the Superintendent of Banks, who said that the banks had already implemented the necessary measures. Despite the fact that on May 4 President Laurentino Cortizo and the representative of the Panamanian Banking Association, […]
Cargo volumes in Panamanian ports grew by 15.9% during January-May 2020, in spite of the country fighting against the spread of the Coronavirus. According to the Panama Maritime Authority statistics, cargo volumes for the first five months of this year reached 3.26m teu compared to 2.78m teu the year before. Vehicles fell by 47% to 39,960 […]
Since restrictions began to be imposed due to the outbreak of covid-19 in the countries of the region, interest in travel agency services collapsed, but in mid-May the decline was halted and most countries are already seeing rebounds. Through a system that monitors in real time changes in consumer interests and preferences in Central American countries, developed […]