Panamanian Stock Market up 27 %Tuesday, October 8, 2013 Up to September 30th the Panamanian stock market reported $2.433 billion in new registrations, while in the same period of 2012 there were $1.913 billion. According to the Superintendency of the Securities Market (SMV ) , the main registrations were the $650 million in corporate bonds issued by Tocumen International Airport SA to finance the expansion of the airport and the mortgage bonds issued by Global Bank Corporation in the amount of $500 million. $100 Million Slated for Costa Rica´s Airport CanceledWednesday, February 11, 2009 J. P. Morgan Bank revoked its $100 million financing proposal for the pending expansion projects at the Juan Santamaría Airport. The loan had been offered to the new managing agent of Costa Rica´s international airport, Houston Airport System Development Corporation, and they were in the thick of the financing process. The company counted on this finanicng to undertake the termination of the projected expansions. Credit for Entrepreneurs in PanamaTuesday, November 16, 2010 Credit needs for the entrepreneurial sector in the country reached $ 245 million. The figure comes from the study "Proposal of policy, strategy and action plan for implementation of micro-finance services in Panama", created by the Ministry of Economy and Finance, the Micro, Small and Medium Enterprises (Ampyme) and the United Nations Development Program (UNDP). Structured Finance in PanamaTuesday, November 26, 2013 On December 4th Fitch Ratings will hold a conference entitled 'Challenges and Opportunities for Structured Finance and Infrastructure in Central America and the Caribbean.' Securitization of Assets, an Option for Capital Markets in the Region, is one of the subjects to be discussed in the event's agenda. Participants will include Marielena Garcia, SVP of Investment Banking at MMG Bank Corp, Alberto Gutierrez, president of Titularizadora Colombiana, John Rauschkolb, General Manager La Hipotecaria and Diego Torres, vice general manager of BHD Valores Puesto de Bolsa. "The Good" and "the Bad" in the RG Hotels DramaTuesday, December 8, 2015 The end of the movie is uncertain for buyers of apartments, financial institutions, suppliers and investors, who are the creditors of more than $65 million in the tourist and residential resort in Panama. Although the Panamanian real estate market had already been noticed for the relative ease with which developers fail to fulfill their promises, the RG Hotels case demonstrates the urgent need to strengthen due diligence prior to any investment in this sector. Panama: Odin Energy Issues $20 Million in StockMonday, November 30, 2009 Odin Energy, a Panamanian company with operations in Colombia, will issue shares through Panama's Stock Exchange. The company is a subsidiary of a Japanese Holding, and will use the money to increase its biofuel production operation in Santa Marta, Colombia. Increase in Minimum Capital For Operating Finance InstitutionsThursday, March 20, 2014 The minimum amount of capital required to establish and operate a financial institution in Nicaragua has risen to $2.1 million. The Superintendency of Banks and Other Financial Institutions agreed to raise the minimum capital required for the establishment and operation of financial institutions. The amount increased from C50 million (U.S. $1,953,071) to C$55 million (U.S. $2,148,387). Lot of attention on financial innovationTuesday, February 3, 2009 Regulation, surveillance, and supervision of the financial systems in Central America and the Dominican Republic. International financial innovation has become one of the factors behind the current global financial crisis. According to estimates, almost 78% of global liquidity is concentrated in derivative instruments , which have come to represent at least 94% of the global GDP. Panama: Stock Trading Up 28%Monday, May 26, 2014 In the first three months of the year $1.350 million worth of securities were traded, up from $1.057 million traded in the same period in 2013. Increased purchases of securities in the first quarter of 2014 "were made by BG Valores ($230.09 million), Prival Securities ($228.88 million), Banco Nacional de Panama ($195.62 million), MMG Bank Corporation ($142 55 million) and Citivalores ($126.06 million) ... Panama's Current Capital MarketMonday, July 29, 2013 During the first six months of 2013 companies issued $637 million in corporate debt, a slower pace than 2012, as $3.07 billion was issued in the entirety of last year. However it is expected that in the second half of 2013 emissions will increase to $1.694 billion, which would still represent a decline of 45% compared to 2012. "The current amount of issued debt is expected to increase with $500 million by Global Bank Corporation plus $150 million in corporate bonds by Credicorp Bank and $100 million in mortgage bonds by the Banco Panameño de la Vivienda S.A." reports Prensa.com. Financial Companies Unregulated in Costa RicaMonday, February 23, 2015 Iconi Holding and Intermarket are the companies that the Securities Regulator has warned not have support or supervision in the country. The Superintendency of Securities (Sugeval) has updated the list of unsupervised and unregulated entities for which reports have been received of possible unauthorized securities offerings, which could even be fraudulent. Excessive Regulation of Financial Activities?Wednesday, July 24, 2013 A banker says that due to government financial regulations, in Honduras "it is now easier to import than it is to cultivate and produce." Proceso.hn reports that "Excessive government regulations are preventing banks from lending money to promote production, as they has to deal with rules made for the first world even though Honduras is a fourth world nation, said the banker Jaime Rosenthal." The market must solve the financial crisisMonday, October 20, 2008 Four economists conclude that the market must fix itself in order to solve the financial crisis in the United States. In the round table organized by the Academy of Central America, the economists Juan Muñoz, Eduardo Lizano, Isaac Castro, and Jorge Guardia shared their assessment of the causes and possible solutions for the crisis that began with the fall of property prices in the United States. Panama: In 2013 There Will be $1.5 billion in Issued SecuritiesMonday, May 20, 2013 With the industrial sector leading the way, Panamanian companies are increasingly going to the local stock market for their financing. "According to the registry of the Superintendency of Securities Market (SMV), up to early May there were $440 million in securities belonging to different companies, and another $1.033 billion were in the process of being registered," noted an article in Laestrella.com.pa. El Salvador: Unions Oppose Greater Financial RegulationTuesday, September 20, 2016 Unions are opposed to the legal reform which aims to extend the scope of the supervision of the Superintendent of Financial System over savings and loans cooperatives. In the view of Julio Cesar Portillo, secretary of the board of the National Commission for credit unions in El Salvador and CEO of Co-Andes de R.L. , "... |
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