Fitch Ratings-New York/San Salvador-15 March 2019: Panama’s bank regulators have increased capital and regulatory requirements through a series of reforms over the last several years, moving banks more in compliance with Basel III standards, which Fitch Ratings views positively from a credit perspective. Panama adopted Basel III-related liquidity rules in 2018, with the liquidity coverage […]

The Business Events Industry Coalition of Canada (BEICC) is the first organisation to execute the new Meetings Mean Business (MMB) licensing agreement and has rebranded as MMB Canada. The Meetings Mean Business Coalition is a cross-industry communications and advocacy initiative and platform for industry professionals to better advocate for the power of face-to-face meetings. The licensing […]

The Government of Panama authorized, as of this Saturday, the Stamped Visa for those Cubans with a tourism card. Executive Decree No. 122, published in the Official Gazette on Friday, March 15, states that after a corresponding evaluation has been carried out, the authorities of the Central American nation have established “the requirements and procedure” […]

For businessmen in the sector in Panama, the rules and regulations that currently apply to the import of cement into the country have lagged behind. According to the Chamber of Construction (Capac), cement is not the only material that should be regulated, since the rest of the main construction inputs that are marketed and used […]

Despite the protectionist policies and threats from The White House and US president Donald Trump, US trade with Mexico and Latin America have grown during his two years in power. US trade with Latin America grew 9 percent last year to a record $897.6 billion, according to a Latinvex analysis of new US Census Bureau data of trade in […]

During the first nine months of 2018, the main regional crop exported was coffee, with $2,493 million, followed by banana, with $1,939 million, pineapple, with $825 million and sugar, with $645 million. The main export destinations for coffee are the U.S., Germany, Belgium, Italy and Canada, which together represent 66% of the volume exported by […]

Arguing that the outlook remains more positive in the medium term, Moody’s upgraded its foreign currency long-term issuer rating from Baa2 to Baa1. For the rating agency, Panama will continue to grow quickly, surpassing the growth achieved by the majority of qualified pairs in Baa. From Moody’s statement: New York, March 08, 2019 — Moody’s […]

The development of an educational center in Panama, an apartment building in Costa Rica and a multipurpose tower in Guatemala are part of the projects planned for the coming months in Central America. The interactive platform “Construction in Central America“, compiled by the Trade Intelligence Unit at CentralAmericaData, includes an up to date list of […]

Panama’s civil aviation authority on Wednesday temporarily suspended the operations of all Boeing 737 MAX 8 and MAX 9 aircraft in its airspace, following Sunday’s deadly crash of an Ethiopian Airlines plane. UPDATE 3-Brazil, Mexico ground Boeing 737 MAX planes after fatal crash. Latin America’s two largest nations Brazil and Mexico on Wednesday suspended Boeing […]

Reuters reports that the Panama Canal Authority said in a statement on Monday that it had received $847 million which a tribunal had ordered a construction consortium to pay it back in a dispute over the waterway’s recent expansion. The Miami-based tribunal’s ruling was directed at a group of companies including Spain’s Sacyr and Italy’s […]