A.M. Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of MAPFRE Panamá S.A. (MAPFRE Panamá) (Panama City, Panama). The outlook of these Credit Ratings (ratings) remains stable. The ratings reflect MAPFRE Panamá’s balance sheet strength, which A.M. Best categorizes as strongest, as well as its […]
By Gavin van Marle (The Loadstar) – Container shipping could see the first widespread use of a cryptocurrency this week. Hong Kong-based blockchain developer ETH Smart Contract Tech will tomorrow start handing out its bespoke TEU tokens to shippers, forwarders and 3PLs under its 300cubits project. The company will release some 20m TEU tokens, “custom-designed […]
Brittney Schering writes for International Living on her experience moving to Panama. Sometimes I get a chuckle at some peoples reactions to the changes from life back in the US. I took the leap and moved overseas in mid-June of 2017 in hopes of finding somewhere peaceful to call home. Luckily, Todd, my long-time partner, was […]
Jared Wade reports in Finance Colombia that Citibank (NYSE: C) has sold its Colombian consumer and small business operations to Banco Colpatria Multibanca Colpatria S.A, the Colombian subsidiary of leading Canadian financial institution Scotiabank (NYSE: BNS). Citibank operations in Colombian include 500,000 customers, 47 branches, and 424 self-service access points in Colombia. The deal also includes “assumption by Banco Colpatria of […]
The signing of the trade agreement is scheduled for late February, a measure that bodes well for improving access to Korean high-tech products and increasing agro-exports from Central America. <span< a=””>A report by Moody’s analyzes the impact expected in El Salvador and in the other countries of the region, from the entry into force of […]
My friends at The Dialogue wrote this interesting post about China’s Belt and Road Initiative. (BRI) At this point in time, Panama is the only Latin American country to have signed one of China’s over seventy Belt and Road Cooperation Agreements with individual countries, or to be featured on China’s BRI web site. Last week’s […]
Well, opening night was as expected, a huge success and the cast was excellent in their performance of only the second show about Panama in English! Get your tickets now as they will be selling out the rest of the tour here before they are off to Canada. Here is my friend Mark Heyer’s […]
Located on the 3rd level (2nd floor) in building 2, this is a turn-key opportunity to invest or move to the highly sought-after area of Boquete, Panama. No worries about the 3rd level – the like-new OTIS elevator makes this unit zero grade living! You have all the amenities of a gated community, proximate to […]
Autonomous vehicles, aka self-driving cars, are coming. And the world is going to change because of them. A lot has been written about the “first order” effects of autonomous vehicles (AVs): How they will reduce traffic fatalities, make rides more comfortable, or put truck drivers out of work. But the bigger story here is the […]
While still about 40% the cost of construction in many countries, we are seeing a rise in labor and material costs for building in Panama. I built a luxury home for about $1,100 a M2 in 2014 and current prices on a luxury home that I am building now is up to around $1,250 per […]