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Air China to Launch New Beijing-Houston-Panama City Route

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Air China to Launch New Beijing-Houston-Panama City Route
On 5 April, 2018 Air China will launch a new route from Beijing to Panama City via Houston. The new route is expected to greatly facilitate exchanges between both countries as well as neighbouring regions, while providing passengers with a greater range of options.
In June 2017, China and Panama signed the Joint Communique on the Establishment of Diplomatic Relations Between the People's Republic of China and the Republic of Panama. This formal establishment of diplomatic relations carries forth a relationship that dates back more than 160 years into a new era. China is Panama's second largest trading partner and the second largest user of the Panama Canal, while Panama is China's largest trading partner in Central America. In 2017, bilateral trade amounted to nearly US $6.7 billion, while two-way passenger traffic totalled nearly 40,000, growing at an annual rate of almost 30%.
Best known for the Panama Canal, Panama …

Banistmo Completes $50 Million USD Bond Issuance

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Banistmo Completes $50 Million USD Bond Issuance
In the first round of a planned $300 million USD series of corporate bond issuances, Banistmo, through its brokerage firm Valores Banistmo, has issued $50 million USD in the Panamanian capital market.
According to Medellín-based parent company Bancolombia, the funds raised will be used to finance the growth of the bank’s loan portfolio and diversify sources of funding. “This placement reaffirms confidence in the strength of the institution and Banistmo’s commitment to contributing to the development of local and regional capital markets,” added Bancolombia in a statement.
This issuance was co-structured by Banca de Inversión Banistmo and Banca de Inversión Bancolombia, and has received a local long-term rating of AAA (Pan) from big three credit rating agency Fitch Ratings.
Valores Banistmo has more than 1,500 clients throughout Latin America, primarily in Colombia and Panama, with some $2 billion USD in assets under management.
Panama Busine…

W Hotels debuts in Panama

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W Hotels debuts in Panama
Marriott’s W Hotels brand has opened its first property in Central America, with the unveiling of the W Panama.
The 203-room hotel is located within the 54-floor Evolution Tower in Panama City’s business district, close to the trendy Zona Rosa district.
Features include an outdoor pool, fitness centre, spa facilities, and 21,000 square feet of events space across six meeting rooms. Dining options include Moro, with its comfort food menu and open kitchen, and La Cajita, a food truck-style restaurant.
Guests enter the hotel on the 15th floor, and in a nod to the Panama Canal, five shipping containers have been used within the interior design, including in the Living Room (W Hotel’s name for the lobby area).
Many of the hotel’s rooms have views of the bay and canal, and feature handmade Mola fabrics and “patterns from the indigenous communities of Guna and Emberá alongside expressive murals”.
Commenting on the opening Anthony Ingham, Global Brand Leader, W Hotels World…

OnQ Continues Growth with New Facilities and Expanded Operations in Panama

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OnQ Continues Growth with New Facilities and Expanded Operations in Panama
Expanded facilities in Santiago, Panama to be operational by Spring 2018
OnQ, an industry-leading healthcare labor outsourcing company, is pleased to announce the expansion of its patient services call center and healthcare billing support services in Santiago, Panama. One of the fastest growing companies in the health care labor outsourcing industry, OnQ has commenced construction to expand its second facility in Panama that will increase its capacity by 50 percent.
“The demand for our services has driven remarkable growth over the last year,” said Thomas Mathews, OnQ President. “OnQ is one of the fastest growing call center and labor outsourcing companies in the healthcare industry; and we’re delighted to be able to meet the needs of our existing clients and the market with this increased capacity.”
OnQ was founded in 2013 by former billing company executives inspired by their own experiences to build a premier h…