Fitch Affirms Panama Canal Authority's "A" Bond Rating. : Weekly News Roundup, August 29th, 2018

Fitch Affirms Panama Canal Authority’s “A” Bond Rating. : Weekly News Roundup, August 29th, 2018

Aug 29, 2018 | Panama News

Welcome to the Panama Weekly News Roundup! Here’s the latest.

Fitch Affirms Panama Canal Authority’s “A” Bond Rating.

For the third year, Fitch Ratings has affirmed the Panama Canal Authority’s (ACP) ‘A’ investment grade rating with a stable outlook for its long-term issuer default rating and its senior unsecured notes.

The credit rating agency highlighted the Canal’s “stable volume performance, solid competitive position, and well-diversified cargo mix, causing [the] ACP’s volume profile to exhibit high levels of resilience.” In addition, the report noted the Canal’s strategic role in global trade flows due to its ability to offer connectivity to world maritime trade, adding value as the main transshipment hub in the region.

Source: Maritime Executive

Why Panama City’s Santa Maria Hotel & Golf Resort Is Perfect For Business And Leisure Travelers.

For years, visiting Central America really meant visiting Costa Rica, Guatemala, and Nicaragua. But recently, Panama – especially the capital of Panama City, which celebrates its 500th anniversary next year – has been gaining the attention of those seeking an experience just as culturally rich, but a bit less well, obvious.

In addition to being a financial hub – which accounts for its surprisingly diverse population – Panama City is a beguiling mix of contrasts: historic and contemporary, man-made and natural, rough and refined. It’s small enough to comfortably explore in a couple days, yet filled with distinctive neighborhoods and attractions–like Casco Viejo (old town) and naturally, The Panama Canal.

Source: Forbesf

Panama Vies To Become Oil Producing Country.

Panama is carrying out studies for potential oil exploration, hoping that recently discovered oil fields in neighboring Colombia close to Panama’s border could extend into Panama.

Panama is 100-percent dependent on crude oil and refined oil products imports, although it is home to one of the most crucial shipping lanes in the world, the Panama Canal.

Now energy officials in Panama hope that the oil fields found in Colombia may extend as far as Panama. In addition, a geological survey, the first in 30 years, found signs that there could be oil and gas in Panama’s section of the Caribbean Sea in an area connected with three natural gas wells in Colombia, energy officials said early this year.

Source: OilPrice.com

 

The Amador Causeway: the picturesque urban escape

Panama City is a packed metropolis, known for its hustle and bustle, business center, and luxury residential, office, and hotel towers. These have become the public face of Panama City, and the iconic symbols of a city, and country on the rise.

But if you talk about the history of the city, the Canal, and how it’s been settled over the years, you’d be remise if you didn’t highlight the Amador Causeway. The Amador Causeway and islands lay on the far south side of Panama City. The islands are connected by a thin strip of land, and subsequent avenue that connects them with the city, and have a rich history and bright future ahead of them, all in one. For years, Panamanians have been using this part of the city as a refuge from the hustle and bustle; a place to live or spend the day on the water, just minutes from downtown.

Source: International Relocation Firm Blog

 

International Relocation Firm Staff Writer

International Relocation Firm Staff Writer

As one of the leading Panama Law Firms, and one of the regions most reliable service providers, International Relocation Firm brings a wide range of professional knowledge to our clients needs. Our staff is made up of professional consultants, Panama attorneys and immigration specialists who are experienced in international relocation, and are experts in providing a seamless Panama immigration process.

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