Panama will from Monday allow work to resume on some infrastructure projects and permit more businesses to re-open from coronavirus lockdown, including retailers, car dealers, beauty salons and barber shops, the government said on Tuesday. Health Minister Luis Sucre said officials had made the decision on the grounds the reproduction rate of the novel coronavirus […]
Panama Health and security personnel are prime targets for the coronavirus with a report from the Pan American Health Organization revealing that between March 9 and August at least 5,234 employees have been affected. 3,014 infections were confirmed among personnel working at the Gorgas Memorial Institute and the hospitals of the Ministry of Health (Minsa) […]
Former Panama president Ricardo Martinelli and his band of lawyers continue to push the narrative that he cannot be tried for a dozen alleged crimes including bribery, corruption and money laundering and plundering state assets because of a 1904 ‘specialty treaty with the US that says he can only be tried for the offenses that […]
The Church in Panama and the nation’s Ministry of Health sign a cooperation agreement, in order to work together to combat the ravages of the Covid-19 pandemic. Panama’s Pandemic Pact, involving communities of faith right across the board standing shoulder to shoulder with the Ministry of Health, covers the entire spectrum of local, regional and […]
What is the deadliest thing mankind has ever encountered in history? Disease, famine, nuclear weapons? Not even close. By sheer body count, it’s an idea. One that thrives on absolute power and control, and will stop at nothing to achieve complete domination. This is the story of the deadliest virus in the world, COMMUNISM. You […]
A drug smuggler convicted in the Panama Unit corruption scandal may be released from prison after providing the FBI with information about another high-profile corruption case. Fernando Guerra Sr. worked with the Panama Unit and other corrupt cops — including the former Hidalgo County Crime Stoppers coordinator and former Hidalgo County District Attorney’s Office investigators — to steal drugs […]
Panama’s Copa Airlines CPA.N on Wednesday reported that it earned almost no income between April and June, with revenue falling 98% as coronavirus-related measures virtually shuttered the Panama City airport that serves as its home base. Panama’s tough anti-coronavirus measures, including a travel ban that will go at least through August, has also become a radical test of Copa’s resilience. In normal […]
Fitch Ratings has assigned AES Panama Generation Holdings, S.R.L. (AES Panama Generation) ‘BBB-‘ Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) and a ‘AA+(pan)’ Long-Term National scale rating. The Outlook on all ratings is Stable. In addition, Fitch has assigned ‘BBB-‘ and ‘AA+(pan)’ ratings the company’s senior secured notes. AES Panama Generation will issue […]
Fitch Ratings has affirmed at ‘A’ Autoridad del Canal de Panama’s (ACP) Long-Term Issuer Default Rating (IDR) and the rating on USD450 million senior unsecured notes. Additionally, Fitch has affirmed ACP’s Standalone Credit Profile (SCP) at ‘aa’. The Rating Outlook is Negative. RATING RATIONALE The ratings reflect an underlying asset that is critical, not only […]
Deputies of the Panamanian Assembly approved in third debate the bill creating the Special Regime for the Establishment and Operation of Multinational Companies for the Provision of Services related to Manufacturing. The services of these multinationals will be able to be developed in different provinces of the country and will work in product manufacturing, equipment […]