The project finance in Panama is expected to grow sharply as the new administration of President Laurentino Cortizo revives a number of dormant projects. “Many projects that were held last year are being reactivated. The construction sector is going to grow and so will financing for companies and suppliers,” a ratings analyst told LatinFinance. Panama’s project […]

A competitive bidding process for the long-proposed Colombia-Panama electricity link could be launched next year, a senior Colombian energy official told BNamericas on Friday. Ricardo Ramírez, the director general of Colombian energy ministry planning unit UPME, said the entity is currently drafting bidding and contract terms for the works. “Our idea is that we could […]

Panama has been placed back on an international money laundering watchlist by the Financial Action Task Force (FATF), the Central American country’s economy minister announced Friday. “Despite recognizing the progress made by Panama and its political commitment at the highest level, the FATF plenary held this week approved that Panama be included” on the list, […]

The low water level of rivers is affecting the Panama Canal, whose restrictions in draft for the ships that go through it has caused 40 million dollars in expenses.   According to the executive vice president of the Panama Canal Authority (ACP), Carlos Vargas, so far this year, the interoceanic route has reported the driest […]

Panamanian President Juan Carlos Varela (C) shakes hands with a staff member of beef exporter and meatpacker Carnes de Cocle in Las Tablas of Los Santos, Panama, June 22, 2019. The first container of Panamanian beef bound for China was shipped Saturday from the Pacific coast port of Balboa as part of new bilateral trade […]

For Moody’s, the expansion of the Panamanian economy forecast for the next few years would allow bank credit to grow 8% in 2019 and 9% in 2020. According to estimates by analysts of the rating agency Moody´s Investors Service is that for the 2019-2014 five-year period is that the Panamanian economy will achieve growth between […]

There’s a reason they put a canal here. Panama is the thinnest sliver of the Americas, the most logical place to put the world’s most important shipping route, the isthmic keyhole from the Caribbean Sea to the Pacific. And as the locks of the Panama Canal open and close throughout the day the waters that […]

Click on the picture to see the video My wife Susie just turned 52 and we did it up right with an evening of fun at Boulder 54 with some of our close friends.  Chef Chris outdid himself preparing 11 different appetizers to choose from and 11 bottles of Champagne to wash it down with!!  […]

This is a great time lapse video of an incredible ship.

In 2018, companies from Central American countries imported petroleum oils for $10.066 million, 21% more than in 2017, a rise due to purchases from the United States. Guatemalan Companies, Main Buyers Last year, the main buyer of petroleum oils and bituminous minerals in Central America continued to be Guatemala, with $2.474 million, followed by Panama, […]