Tocumen Issues Debt for $650 Million


News from Panama

Panama’s international airport issued in the international market debt securities expiring in 2048, with a coupon rate of 6% and a yield of 6.25%. From the statement of Tocumen S.A.: Panama November 8th, 2018. On Wednesday, November 7th, 2018, Tocumen International Airport successfully issued six hundred and fifty million dollars (US$650,000,000.00) in corporate bonds on […]

November 13, 2018

Tiny thorn snail discovered in Panama’s backyard


News from Panama

Discoveries of biodiversity at the Lilliputian scale are more tedious than it is for larger animals like elephants, for example. Furthermore, an analysis producing a DNA barcode — a taxonomic method using a short snippet of an organism’s DNA — is not enough to adequately identify it to the species level. In the case of […]

November 13, 2018

Panama to Open Trade Office in China


News from Panama

The Panamanian government announced that it will open an agribusiness office in the city of Shanghai, which will seek to increase exports to the Asian continent. inShare An announcement will be made of the new office opening (which would be planned for the first months of 2019) during the China International Import Expo (Ciie), one […]

November 13, 2018

Panama remains a strong ally of Jamaica says Charles Jr


News from Panama

Panama continues to be an important partner in Jamaica’s effort to further improve air traffic control and advance the country’s maritime and port development, state minister for foreign affairs Pearnel Charles Jr has said. Earlier this year, the relationship between Jamaica and Panama soared to new heights, with the historic staging of the first meeting […]

November 13, 2018

Supermarket Chain Sold in Panama


News from Panama

In Panama, the owners of Grupo Rey agreed to sell 60% of the shares to Ecuador’s Corporacion Favorita, a transaction that could cost $273 million. The Share Acquisition Public Offer (OPA) launched by Corporacion Favorita was established at $8.58 per share, in which the Ecuadorian group committed to purchase 60% of the issued shares, for […]

November 13, 2018

Agricultural business in Central America


News from Panama

Coffee is still the main agricultural product sold abroad, with annual exports of around $3,035 million, followed by bananas, with $2,574 million and sugar, with $1,241 million. During the last year, the main coffee export destinations were the U.S., Germany, Belgium, Japan and Canada, which together account for 73% of total sales in the region. […]

November 13, 2018

Panama’s Snorkeling Hot Spots


News from Panama

By now it’s no secret that Panama offers endless opportunities for adventure. The list of pulse-pounding land- and sea-based activities available to visitors seemingly goes on forever, but one of the most popular is snorkeling. After all, it’s relatively easy to do but also extremely rewarding. The diverse marine life in Panama, as well as […]

November 13, 2018