Fitch Ratings-Colombia-14 January 2021: Fitch Ratings’ outlook for the insurance sector in Panama is worsening, based on the behavior of the country’s macroeconomic variables. Fitch expects the economy to contract 13.2% followed by a 4.3% rebound in 2021. Although the growth of the main business lines was affected by the pandemic in 2020, the technical […]
It has become a most comprehensive source of information on and for the domestic maritime industry presenting all the components of a sector contributing more than 35% of the country’s GDP and which has given Panama a brand name of excellence. Like every year, the Panama Maritime Review gives a detailed outlook of the various […]
Unless you’re a British royal who attends lots of weddings or horse races, you were probably unaware that (Jan. 15) is National Hat Day. In recognition of all the hats made in Latin America, including the chullo from Peru and Bolivia and sombrero from Mexico, we’re looking at a hat that is considered one of the […]
In Panama, there are plans to develop in Bocas del Toro, Chiriqui, Archipelago de las Perlas and Punta Chame, five lodging projects that seek to benefit from the Law on Incentives for Tourist Investments. Law 122 of December 31, 2019, which dictates incentive rules for the promotion of tourist activities in the interior of the […]
If you’re seeking a luxurious lifestyle in a premier Boquete community, this home is a great choice. Here is why we love Panamonte Estates. Living in Panamonte Estates Yes, I am partial to my home as this gorgeous residence is located in Panamonte Estates, the exclusive, small residential community in downtown Boquete, Panama.” We spent […]
The first batch of 40,000 doses of the covid vaccine from the pharmaceutical duo Pfizer and BioNTech, will arrive in the country between January 18 and 25 said the Minister of Foreign Affairs, Erika Mouynes on Tuesday, Jan 5. We have a commitment of 450,000 (doses) for the first quarter, what we announced yesterday (Monday) […]
In Panama, the company Evergo is investing in the implementation of 200 loading stations, which will be located in different areas nationwide and will be level 2 and level 3. The long-term plan of Evergo, a company that is part of the InterEnergy Group’s portfolio, is to install a total of 500 electric charging stations throughout the Panamanian territory. The […]
Brazilian President Jair Bolsonaro said on Tuesday that his country was “broke” and that he couldn’t “do anything” about it, laying the blame on what he called the “press-fueled” coronavirus pandemic. State subsidies that had sustained the poorest third of Brazil’s population for nine months stopped this week, on concerns about the country’s rising deficit […]
Argentina’s country risk reached a maximum of 1,417 basis points on Tuesday, reflecting investors’ fears about the behavior of the domestic economy and doubts about the international situation of the markets, traders told Reuters. They said that the financial problems faced by Argentina, which is negotiating with the International Monetary Fund (IMF) a new agreement […]
Volunteers for the Orphan Grain Train’s (OGT) New England Branch, located at 33 South Main Street in Terryville, loaded a 40 foot container of needed items that will be shipped to Panama. This was the 44th shipment since the branch was dedicated in 2014. OGT has the use of a warehouse that is owned by […]