Fitch Ratings affirmed Banco General, S.A. (BG) Issuer Default Rating (IDR) at ‘BBB+’ with a Negative Outlook, its Short Term IDR at ‘F2’, and its Viability Rating (VR) at ‘bbb+’. Fitch also affirmed BG support rating (SR) at ‘5’ and its support rating floor (SRF) at ‘NF’. BG’s Negative Outlook is mirroring the Negative Outlook […]
The eight vessels have been tracked shipping liquefied petroleum gas to China and India during the past year. Five under investigation have reflagged to Panama after being deregistered by Liberia. THE maritime authority of Panama is investigating a fleet of eight Panama-flagged liquefied petroleum gas carriers linked to sanctioned Iranian shipments to China and India, […]
Panama’s government on Saturday said it would reimpose curbs on the movement of people in two provinces with the highest incidence of coronavirus following the latest increases in new infections in the Central American country. From Monday, Panama will re-apply restrictions to stem the transit of people in the provinces of Panama, which includes the […]
Structural changes in world trade, consumer preference for living on the outskirts of cities and a growing demand for technological equipment to be able to work from home are some of the turns economies will experience in the new reality. Most companies globally have been focused on understanding the new business environment, which derives from […]
In Panama, Plaza Arraiján shopping center and its surroundings is a point that at a distance of five minutes by car monopolizes a captive market of more than 34 thousand people, and of this group of consumers, 19% show interest in pizzas. In CentralAmericaData we developed a geomarketing tool based on interactive maps, through which […]
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 […]