Given the blockade that has been in place since July 2020 to the entry of animal products from Costa Rica into the Panamanian market, the Panamanian guild of poultry farmers supports the actions taken by the Cortizo administration. At the beginning of the second semester of 2020 the commercial conflict between both countries began, since Panama informed […]
The IMF approved a two-year agreement in favor of the Central American country under the Precautionary and Liquidity Line for an amount equivalent to $2.7 billion, which will serve as insurance against extreme external shocks derived from the Covid-19 pandemic. Access to the LPL in the first year will be in an amount equivalent […]
Nurse Violeta Gaona on Wednesday received in her left arm the first dose of the vaccine against Covid-19 in Panama, the country which accumulates the highest number of infections in Central America. Dressed in her work uniform, mask and face shield, Gaona, 59, received the prick with a stoic face and a glance at the […]
Panamanian tourism is on the edge of an abyss from which it would take about 15 years to emerge, according to industry projections. The restriction of mobility, curfew, sanitary fences and a ban on going to the beaches can cause the closure of at least 50% of the 3,500 companies that participate directly in tourism, […]
.S. military personnel assigned to Joint Task Force Bravo, Soto Cano Air Base, Honduras, will conduct a joint humanitarian exercise with Panamanian Public Security forces in various regions of Panama, Jan. 21 to Feb. 1. JTF-Bravo, a task force under the U.S. Southern Command, will be working alongside the Panamanian National Border Service and the […]
Panama port activity not only rose by 5.3% last year but also registered the highest volume ever with 7.73m teu despite a lock down for several months and other restrictions. All terminals posted growth with the exception of Evergreen’s Colon Container Terminal (CCT) on the Atlantic side. Manzanillo International Terminal-Panama (MIT) saw an increase of […]
The Central American country placed in the international market $1.25 billion at a rate of 2.2% expiring in 2032 and $1.2 billion at a rate of 3.4% expiring in 2060. Panama ventured today into the international capital markets through the reopening of Global Bonds expiring in 2032 and 2060 for an amount of $2.45 billion, as […]
Panama’s banana exports achieved good results in 2020, despite the evolution of the pandemic. The producing region of Baru, province of Chiriquí, and Bocas del Toro increased their exports of this fruit by 7%, going from exporting 18,577,393 boxes in 2019 to 19,884,215 boxes of bananas in 2020, at an average price of 7.66 balboas […]
Polaris Infrastructure Inc. (TSX: PIF) (“Polaris Infrastructure” or the “Company”), a Toronto-based company engaged in the operation, acquisition and development of renewable energy projects in Latin America, announced today that it has extended the period of exclusivity to June 30, 2021 for the Memorandum of Understanding (“MOU”) signed in 2020 to acquire the owner of a Panama-based 10 MW run-of-river […]
A new, large-scale gas to power project is envisioned for Panama, home to Central America’s first such undertaking after AES Panamá brought online its 381MW plant (pictured) in 2018. BNamericas has learned that Generadora de Gatún holds a provisional license from public services regulator Asep for the 670MW Gatún natural gas-fired project. The plant would be built in the […]