Despite the protectionist policies and threats from The White House and US president Donald Trump, US trade with Mexico and Latin America have grown during his two years in power. US trade with Latin America grew 9 percent last year to a record $897.6 billion, according to a Latinvex analysis of new US Census Bureau data of trade in […]
During the first nine months of 2018, the main regional crop exported was coffee, with $2,493 million, followed by banana, with $1,939 million, pineapple, with $825 million and sugar, with $645 million. The main export destinations for coffee are the U.S., Germany, Belgium, Italy and Canada, which together represent 66% of the volume exported by […]
Arguing that the outlook remains more positive in the medium term, Moody’s upgraded its foreign currency long-term issuer rating from Baa2 to Baa1. For the rating agency, Panama will continue to grow quickly, surpassing the growth achieved by the majority of qualified pairs in Baa. From Moody’s statement: New York, March 08, 2019 — Moody’s […]
The development of an educational center in Panama, an apartment building in Costa Rica and a multipurpose tower in Guatemala are part of the projects planned for the coming months in Central America. The interactive platform “Construction in Central America“, compiled by the Trade Intelligence Unit at CentralAmericaData, includes an up to date list of […]
Panama’s civil aviation authority on Wednesday temporarily suspended the operations of all Boeing 737 MAX 8 and MAX 9 aircraft in its airspace, following Sunday’s deadly crash of an Ethiopian Airlines plane. UPDATE 3-Brazil, Mexico ground Boeing 737 MAX planes after fatal crash. Latin America’s two largest nations Brazil and Mexico on Wednesday suspended Boeing […]
Reuters reports that the Panama Canal Authority said in a statement on Monday that it had received $847 million which a tribunal had ordered a construction consortium to pay it back in a dispute over the waterway’s recent expansion. The Miami-based tribunal’s ruling was directed at a group of companies including Spain’s Sacyr and Italy’s […]
Carl Delfeld, editor of Cabot Emerging Market Investor writes of the growth and attraction of Panama for his investors. I have been to Singapore many times and each time it gets a little bit better. Better infrastructure, better communication services and better tax and trade policies. That is its secret — constant improvement, suggests international investing […]
Although in the U.S. the chain has closed more than 2,000 stores in recent years, representatives of the company dedicated to the marketing of footwear plan to expand its market in Central America. According to representatives of the chain of stores, during 2018 in Guatemala opened two stores in the capital, one in Quetzaltenango, another […]
I guess we are going to see some electric cars here finally. Personally, I cannot wait. In Panama, a proposal was presented to regulate the installation of electric chargers and the measurement of consumption in electric vehicles. The National Public Services Authority (ASEP) submitted a draft document on the procedure for regulating the installation of […]
The Ag sector has been hard hit i Panama in recent years and this year appears to be just as bad. When I see Filet Mignon for $5.00 a pound I know the industry is suffering. A few month ago it was $7.50. For 2018-2019, the government decided to approve the payment of $3 for […]