Banco Latinoamericano de Comercio Exterior, S.A. (“Bladex” or the “Bank”) today announced the successful closing of a US$130 million 3-year senior, amortizing term loan facility (the “Facility”) for Banco Aliado, S.A. (“Banco Aliado”). Established in Panama in 1992, Banco Aliado is the leading Panamanian mid-sized general license bank, ranking 4th largest in terms of total […]
Late last month, the United Nations Conference on Trade and Development (UNCTAD) published its Review of Maritime Transport 2019. The report addressed the industry’s quickly shifting landscape and range of challenges, making one rising concern very clear – climate change. The maritime sector is increasingly facing more intense and frequent natural disasters and climate-related disruptions, […]
Picturesque ruins, scenic landscapes, historical colonial buildings, and modern skyscrapers of Panama City as captured on lens by photographer Agustin Goncalves adorn the walls of Katara Cultural Village Building 19 Gallery 1. Presented by the Embassy of Panama in Qatar and Katara, the exhibition ‘Panama and the Time: 500 Years Joining Worlds is a celebration […]
Newsroom Panama reports on Panama’s mission to the Financial Action Task Force (FATF) in Paris to try to dispel images of the country as a tax haven. The team headed by The Minister of Economy and Finance (MEF), Héctor Alexander, closed the foray with a presentation to FATF executive secretary David Lewis, outlining the progress of […]
Panama, the world largest Ship Registry, has been re-elected in Category “A” of the Council of the International Maritime Organization which reiterates the position of the registry and its leadership. Panama has been in Category “A” of the Council since 2003, demonstrating a high level of commitment to the Organization. Only 40 countries of the […]
Nidiaa Bakshs at LLoyd’s list reports on an exclusive interview where Panama flag’s new director-general of merchant marine says he is keen to improve the administration’s image. As a former seafarer and casualty investigator, Rafael Cigarruista knows what steps to take. PANAMA Maritime Authority’s new director-general of merchant marine is looking to improve the administration’s […]
Unless you are a city person, living in Panama can be very affordable. Jackie Flynn at International Living gives you some hard examples of the cost of living here. Why is Panama such a bargain? As I shared in my note yesterday, Panama is the kind of place where you can live very comfortably…luxuriously, even…no […]
Susie and I went to Las Lajas Beach Resort for the weekend and the weather was incredible! We go there often as it is only an hour and a half from Boquete on the new PanAm Highway. This is one of the reasons for choosing Boquete as our home base. Live in the cool mountains […]
In order to attract tourism from Costa Rica, in the Panamanian province of Chiriqui, investments have been made in the construction of new shopping centers and the expansion of some existing ones. In addition to plans to modernize the border crossings between the two countries, whose works will favor the transit of tourism, businessmen estimate […]
Our world got a new glimpse of Theodore Roosevelt in November of 1906 when he did what no other sitting US president had done – visit a foreign country. Roosevelt’s history-making excursion to Panama was to witness the progress of the Panama Canal. TR’s 17-day trip to Panama and Puerto Rico allowed the president to […]