Colon LNG Marketing (a subsidiary of AES Colón) and Tropigas Natural, S.A. (part of the Tropigas group) signed the first contract to supply Liquefied Natural Gas (LNG) through the modality of loading by tanker truck for the markets of Panama and Costa Rica. Elcapitalfinanciero.com reports that “… The agreement allows the use of a clean […]
Our children and grandchildren should read this and understand what will change as the future is here now. They must keep their eyes open for opportunities and maybe leave law school before it is too late!! This came to me from my friend Geoffrey McRae at Gateway to South America. From Udo Gollub after the Singularity […]
Both sides claim it is an “achievement.” But even though the struggle is to save lives, politically, it looks like a coexistence deal. After more than nine failed attempts at dialogue in Venezuela, the legitimate government of Juan Guaidó and the regime of Nicolás Maduro reached an agreement to allegedly address the “humanitarian crisis of […]
Fitch Ratings affirmed Banco General, S.A. (BG) Issuer Default Rating (IDR) at ‘BBB+’ with a Negative Outlook, its Short Term IDR at ‘F2’, and its Viability Rating (VR) at ‘bbb+’. Fitch also affirmed BG support rating (SR) at ‘5’ and its support rating floor (SRF) at ‘NF’. BG’s Negative Outlook is mirroring the Negative Outlook […]
The eight vessels have been tracked shipping liquefied petroleum gas to China and India during the past year. Five under investigation have reflagged to Panama after being deregistered by Liberia. THE maritime authority of Panama is investigating a fleet of eight Panama-flagged liquefied petroleum gas carriers linked to sanctioned Iranian shipments to China and India, […]
Panama’s government on Saturday said it would reimpose curbs on the movement of people in two provinces with the highest incidence of coronavirus following the latest increases in new infections in the Central American country. From Monday, Panama will re-apply restrictions to stem the transit of people in the provinces of Panama, which includes the […]
Structural changes in world trade, consumer preference for living on the outskirts of cities and a growing demand for technological equipment to be able to work from home are some of the turns economies will experience in the new reality. Most companies globally have been focused on understanding the new business environment, which derives from […]
In Panama, Plaza Arraiján shopping center and its surroundings is a point that at a distance of five minutes by car monopolizes a captive market of more than 34 thousand people, and of this group of consumers, 19% show interest in pizzas. In CentralAmericaData we developed a geomarketing tool based on interactive maps, through which […]
Infrastructure works requiring investments of more than US$2.7bn remain on hold in Panama, because the health ministry (Minsa) refuses to greenlight projects that the public works ministry (MOP) deems important. The construction sector, including production of cement and other materials, had to halt activity on March 24 to contain the spread of the coronavirus. On […]
On May 27, 2020, Executive Decree No. 298 was approved, amending, and adding provisions to Executive Decree No. 251 of March 24, 2020, which adopted tax measures to alleviate the economic impact of the State of Emergency decreed in Panama as a result of COVID-19. The following modifications and additions are of special interest: Extension […]