Moody’s confirms Canal’s high rating
Moody’s rating agency on Friday, December 14 confirmed The Panama Canal Authority (ACP) A2 rating based on its business model, its advantage as an infrastructure in a [Read more]
Business
Next government will inherit $4. 442 billion turnkey projects
Whoever takes over the reins of Panama’s government in July 2019 will have to face turnkey contracts awarded by the current administration for over $4.442 billion. [Read more]
Canal expansion consortium must repay $847 million
Grupo Unidos por el Canal (GUPC), the consortium that built the expansion locks of the Panama Canal must return $548 million to the Panama Canal Authority (ACP), according to [Read more]
Bank expansion deal formalized
Global Bank reported on Monday, December 10 today that it has formalized the $245 million acquisition of 99.97 percent of the Banvivienda entity, which will allow it to [Read more]
China and Panama sign 28 cooperation agreements
Chinese President Xi Jinping, and the president of Panama, Juan Carlos Varela, signed 28 agreements on Monday, December 3 with which they seek to face the challenges of [Read more]
Finance company with tourism slant
CUV Ventures Corp.the Canadian listed company has announced that it has begun operations of the wholly owned subsidiary RevoluFIN Inc., from its new offices in the [Read more]
Fourth set of locks depends on water supply
“The construction of the fourth set of locks for the Panama Canal will largely depend on water supply, and if that problem is not solved we can forget about it although [Read more]
Panama Shipyard Fires 40 Workers
The immediate firing of 40 employees by the Mec Shipyards consortium , which operates the Balboa shipyard, on November 6, as part of a restructuring process to [Read more]
Panama tops region in hospital investment
Panama leads the way in Central America with investment in hospital projects, with nearly $298 million in construction projects dedicated to medical services, corresponding [Read more]
Panana Canal and people urgently need more reservoirs
WHILE the trade war has not yet affected the Panama Canal its future depends on the water supply that maintains adequate levels in Lake Gatun for the transit of large [Read more]