The risk rating agency Standard & Poor’s (S&P) reduced from “stable” to “negative” the perspective of Panama before him “risk of potential damage to investor confidence and future private investments derived” of the crisis by a questioned mining contractThe Panamanian Government reported this Wednesday. Blockades of roads for two weeks have caused shortages of food, […]
Tag: Panama
Parliament of Panama approves the repeal of the mining contract
The National Assembly (Parliament) of Panama approved this Wednesday in the second of three necessary debates a bill that repeals the controversial contract with Minera Panamá, a subsidiary of the Canadian company First Quantum Minerals (FQM)amid a wave of anti-mining protests in the country. The plenary session of the Panamanian Parliament, with 71 seats and […]
First Quantum, still in decline, contacts Panama for plebiscite on mine
The shares of the Canadian mining company First Quantum Minerals They fell as much as 17% on Tuesday, extending the sharp decline of the previous day, as uncertainty about the future of their copper mineand in Panama led investors to reduce their exposure. President Laurentino Cortizo announced Sunday that Panama would hold a referendum to […]
Protests deprive the largest market in the capital of Panama of food
Trader Jel Morales ran out of merchandise to sell and his colleague Raúl Pineda is looking to transport vegetables by plane: protests against a mining contract are depriving the capital of Panama. “Merca Panamá”, the wholesale market where 80% of the vegetables consumed in the capital are sold, looked almost deserted this Sunday, since “there […]
Five keys to the anti-mining protests that shake Panama
For a week now, Panama has been experiencing social unrest with demonstrationsstreet blockades and work stoppages in rejection of the operation, with the permission of the government, of the largest copper mine in Central America. The Canadian mining giant First Quantum Minerals (FQM) and the government of Laurentino Cortizo are in the eye of the […]
Anti-mining protests leave Panama’s capital almost deserted
Few cars and pedestrians were seen this morning on the City of Panama after the anti-mining protests that intensified last night and are expected to continue this Wednesday for the third consecutive day, despite the call for calm and dialogue from the Government and employers. The blockades on the Pan-American highway, which crosses the country […]
The ‘migratory industry’ of Darién, guilty of suspension of trains in Mexico
The thousands of migrants They travel on the roof of wagons Mexico or who wait in kilometer-long lines next to the tracks to board a train to reach USA this week caused the closure of one of the border crossings and forced the largest Mexican railway company to suspend dozens of trains of merchandise. But […]
Odebrecht Case: Panama withdraws US$600 million lawsuit against Credicorp Bank
This Monday, the Panamanian State withdrew a civil lawsuit for US$600 million against the local bank Credicorp Bank, for “damages” derived from the corruption plot Odebrecht. “This morning the civil action that mentions our institution has been withdrawn, in relation to the case against Constructora Odebrecht SA. We reiterate that there is no lawsuit against […]
President Laurentino Cortizo rejects that the Panama Canal be administered by China
Panamanian President Laurentino Cortizo rejected that China control the Panama Canal as the former president of USADonald Trump, whose government was characterized by tensions between the two largest economies in the world. “Trump is totally wrong” in his assertions, Cortizo told reporters during a community work visit in the western province of Bocas del Toro, […]
Newcomer Panama wants to surprise Brazil in the first round of the Women’s World Cup
Debuting in World Cups, the Panama women’s soccer team wants to surprise the Brazil in the first round of Group F of Australia and New Zealand World Cupwhich also has France Jamaica. “We don’t have a ceiling. When they put a ceiling on us, we always try to exceed it. The Panamanians, who reached the […]