Following what began as a blockade by Panama on the entry of animal products from Costa Rica, a formal proposal has been made to apply an import tariff to Costa Rican dairy products marketed in the Panamanian market. In July of this year, Panama informed the National Animal Health Service (SENASA), an agency of the Costa Rican […]
If you’ve ever dreamed of living or retiring on a cruise ship, today is your day. Last month we told you about a company that bought a cruise ship and intends to sell the cabins as permanent residences and offices. Their goal? To create an entire floating community just off the coast of Panama. On Thursday morning, […]
Rescuers on Saturday. A mudslide in Quejá, Guatemala, may have claimed over 100 lives. ETA hit Central America hard and Panama was not spared the fury and destruction. Finally, a week later and we have sun, glorious sun! Rescue teams on Saturday dug through mud and debris in a remote village in central Guatemala searching […]
When one thinks of a global airline, Turkish Airlines, American Airlines, Qatar Airways, British Airways, Singapore Airlines, and many more come to mind. However, there’s another player: Panama’s Copa Airlines. Copa Airlines flies Boeing 737s on long-haul routes. Here’s a look at just a few routes. Flying down to Uruguay Flying from Panama City’s Tocumen International […]
Fitch Ratings has assigned the expected rating of ‘BBB+(EXP)’ to the fixed-rate senior secured notes of ENA Master Trust (the Issuer) for up to USD400 million due in 2048. The Rating Outlook is Negative. Fitch also assigned expected rating of ‘bbb+(exp)’ to the Standalone Credit Profile (SCP) of the transaction. RATING RATIONALE The ratings reflect […]
Because of the rains generated in Central American countries by Hurricane Eta, authorities warn that coffee plantations could be threatened by the spread of pests or diseases. The Ministry of Agriculture and Livestock (MAG) of El Salvador issued recommendations for coffee growers to avoid the spread of diseases on their farms, such as rust fungus and anthracnose. You may be […]
According to estimates, Panamanian consumers are now more likely to buy from establishments close to where they live than they were a year ago. According to a survey conducted by the credit card company Mastercard, in the current business scenario that emerged in an accelerated manner due to the covid-19 outbreak, 85% of buyers in Panama are focused on spending money […]
MercadoLibre Inc MELI.O, Latin America’s top e-commerce firm, reported better-than-expected third-quarter revenue and profit on Wednesday, helped by a surge in online shopping and digital payment transactions during the COVID-19 pandemic. The company’s U.S.-listed shares, which have surged over two-fold this year, were up nearly 3% in extended trading. The company, whose market capitalization has doubled […]
In Panama, tenders have been invited for the rehabilitation, maintenance and improvement of 71 multi-family housing buildings, located in the district of Barrio Norte and Cristobal Este, in the district of Colon. “The Contractor shall supply all labor, management, materials, energy, lighting, fuel, water, tools, instruments, equipment, supplies and other means of construction necessary or appropriate for the execution and completion […]
Central America power interconnection commission CRIE has authorized Panama wind farm Toabré to connect to the regional transmission grid (RTR). The authorization is for the 66MW first phase of the 110MW project which belongs to developer Parque Eólico Toabré. CRIE said that the proposed connection fulfills all technical, legal, and environmental requirements, and does not put RTR’s stability at risk. […]