Mining Company: Legal Measures to Resume Operations


News from Panama

Minera Panama filed a protection action, because since April 6 the Ministry of Health ordered the closure of the Donoso mining project, for reporting an outbreak of covid-19 among the company’s staff. The Ministry of Health (Minsal) suspended the activities of the mining project located in the province of Colon, after several workers became infected with covid-19 and two of them […]

June 16, 2020

Liquor Sales: Pressure to Lift Restrictions


News from Panama

In Panama, the guild of companies in the alcoholic beverages sector are asking the authorities to put an end to the Dry Law, which has been stricter in the context of the covid-19 outbreak and the decreed home quarantine. In order to reduce crime and avoid crowding, the authorities had prohibited the consumption, sale and distribution […]

June 16, 2020

Apocalyptic sci-fi thriller Panama bound


News from Panama

If the effects of the still expanding  coronavirus pandemic and  climate change have not shaken your  hopes for the future if the planet a new Russian   movie which  will likely reach Panama by year-end  will give you a post-pandemic shake-up The apocalyptic sci-fi thriller ‘The Blackout has secured distribution in more than 90 countries, including […]

June 16, 2020

Panama- Supreme Court extends suspension as Covid expands


News from Panama

Panama’s Supreme  Court has extended the suspension of judicial terms until June 21 in the first, second and third judicial circuits, following the increase in cases of Covid-19. The measure was announced on Monday, June 8  following an extraordinary plenary of the court. The suspension includes the districts of Panama, San Miguelito, Arraiján, La Chorrera, […]

June 16, 2020

Fitch Affirms MMG Bank’s IDR at ‘BBB-‘; Outlook Negative


News from Panama

Fitch Ratings – Monterrey – 09 Jun 2020: Fitch Ratings has affirmed MMG Bank Corporation’s (MMG) Long-and Short-Term Issuer Default Rating (IDR) at ‘BBB-‘ and ‘F3’, respectively. In addition, MMG’s Viability Rating (VR) has been affirmed at ‘bbb-‘. The Rating Outlook on the Long-Term IDR is Negative. Fitch also affirmed the bank’s Long-Term National Rating […]

June 16, 2020

Panama Canal Secures Steady Draft


News from Panama

Earlier this year, the Panama Canal implemented water saving measures after experiencing the fifth driest year at the Canal in 70 years. The Panama Canal has now emerged from its dry season equipped to ensure a competitive draft, and thus steady operations for months to come. Having an operational level of water and transit reliability in the second […]

June 16, 2020

Carnival, Panama Partner on Cross-Country Crew Transfer


News from Panama

Carnival Cruise Line worked closely with key Panamanian officials to transfer about 100 crew members by bus from a ship in the Pacific to one on the Atlantic. The 90-minute bus transfer across the Isthmus of Panama was seen as a faster, easier way to transfer the workers from the Carnival Miracle to the Carnival Glory, which will […]

June 16, 2020