Tuesday, June 14, 2011
Wednesday, May 18, 2011
Panama Briefs by Juliette Passer May 2011
Panama will be the Permanent Headquarters of the Executive Secretariat of the Central American Council of Superintendents of Banks, Insurance and Other Financial Institutions (CCSBSO).
To choose the permanent headquarters, the Superintendent General of Financial Institutions of Costa Rica, Mr. Francisco Lay Solano, representing the Permanent Executive Secretariat (SEP, by its acronym in Spanish) Commission, comprising of Costa Rica, Panama, and Guatemala, presented to the General Assembly of the Council, the results of the analysis made, in which they evaluated key factors, such as: safety, costs, and qualitative aspects of the candidate countries, Guatemala and Panama.
The Executive Secretariat, which will start permanent operations in Panama in August 2011, is an administrative body of the Council that will respond exclusively to it, without any relationship or subordination to the host country.
To choose the permanent headquarters, the Superintendent General of Financial Institutions of Costa Rica, Mr. Francisco Lay Solano, representing the Permanent Executive Secretariat (SEP, by its acronym in Spanish) Commission, comprising of Costa Rica, Panama, and Guatemala, presented to the General Assembly of the Council, the results of the analysis made, in which they evaluated key factors, such as: safety, costs, and qualitative aspects of the candidate countries, Guatemala and Panama.
The Executive Secretariat, which will start permanent operations in Panama in August 2011, is an administrative body of the Council that will respond exclusively to it, without any relationship or subordination to the host country.
Tuesday, April 26, 2011
More recent photos of Panama City - March 2011
Juliette is traveling back to Panama in early May – ready to visit with us?
During February of this year 176,202 tourists arrived at Panama - 13% more than for the same month last year. In the first two months of this year 381,859 tourists arrived.
More photos at: https://picasaweb.google.com/juliettepasser/PanamaCityMarch2011#
During February of this year 176,202 tourists arrived at Panama - 13% more than for the same month last year. In the first two months of this year 381,859 tourists arrived.
More photos at: https://picasaweb.google.com/juliettepasser/PanamaCityMarch2011#
Monday, March 7, 2011
President Martinelli of Panama stated recently that the Panama Government will soon open the bidding for the building of a 4th bridge over the Panama Canal. It will be at the Pacific entrance to the Canal between Howard and Amador. With the expansion of the Canal, POST PANAMAX ships would be hindered by the present bridge.
The President also opened the debate over the future of the Bridge of the Americas. According to President Martinelli, the structure might hinder the passage of bigger ships.
Soaring 384 feet above the ocean at average tide and measuring 5425 feet from end to end, the Bridge of the Americas reaches across Panama Bay at the Pacific Canal entrance, reuniting the land divided during the construction of the Canal and forming another link in the Pan-American Highway.
The President also opened the debate over the future of the Bridge of the Americas. According to President Martinelli, the structure might hinder the passage of bigger ships.
Soaring 384 feet above the ocean at average tide and measuring 5425 feet from end to end, the Bridge of the Americas reaches across Panama Bay at the Pacific Canal entrance, reuniting the land divided during the construction of the Canal and forming another link in the Pan-American Highway.
Thursday, February 3, 2011
PANAMA PLACES $500 MILLION BOND IN JAPAN
PANAMA PLACES $500 MILLION BOND IN JAPAN
The government of Panama has completed the ten–year bond issue for 41,500 million yen (about $500 million) in Japan’s capital market.
Panama has become the third Latin American country together with Colombia and Mexico to enter into the Japanese market. The issue, partly backed by the Japanese Bank for International Cooperation, was structured and place by Daiwa Security Capital Market and Mitsubishi UFJ Morgan Stanley Securities.
With 1.81% interest rates, the bonds were placed among private qualified investment institutions such as central banks, insurance companies, regional banks and other financial institutions. The demand doubled the offer.
The government of Panama has completed the ten–year bond issue for 41,500 million yen (about $500 million) in Japan’s capital market.
Panama has become the third Latin American country together with Colombia and Mexico to enter into the Japanese market. The issue, partly backed by the Japanese Bank for International Cooperation, was structured and place by Daiwa Security Capital Market and Mitsubishi UFJ Morgan Stanley Securities. With 1.81% interest rates, the bonds were placed among private qualified investment institutions such as central banks, insurance companies, regional banks and other financial institutions. The demand doubled the offer.
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