Our listing of news in Business Panama

Panama preparing to be energy hub

With the aim of strengthening regional energy integration and evaluating the progress of the operation and administration of the Regional Electricity Market (MER) the companies and regional organizations...

Posted on 2017-12-29

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MOP presents details of fourth bridge over Canal

The Minister of Public Works, Ramón Arosemena Crespo, presented before the Board of Directors of the Panamanian Chamber of Construction (CAPAC) everything related to the megaproject of...

Posted on 2017-12-26

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Panama aims to become a green and accessible destination by 2026

The government of Panama assures that it is working on a plan to turn the country into a green and accessible tourist destination by 2026, through adaptations of places ...

Posted on 2017-10-24

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First neopanamax cruise ship enters canal

With over 3,000 passengers aboard on Thursday, Oct 26, The “Caribbean Princess” became first neopanamax cruise ship to pass through the expanded locks of the Panama Canal during th...

Posted on 2017-10-10

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Panama: Foreign Direct Investment Up 6%

Of the $2,844 million received in the first semester, almost 70% corresponded to reinvestment of profits of foreign companies. Foreign direct investment...

Posted on 2017-09-22

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AMP signs agreement with Hamburg port

The document will allow both institutions to cooperate on issues such as "planning, port management and legislation, environmental protection, sustainability and IT solutions," said the Panamanian entity. The Maritime Authority of Panama (AMP) and the port of Hamburg, in northern Germany, today signed an understanding...

Posted on 2017-08-22

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China analyzes infrastructure projects in Panama

The commercial operations, especially infrastructure projects, attract potential Chinese investments in Panama, after the establishment last month of diplomatic relations. ...

Posted on 2017-07-27

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More European tourists are coming to Panama

From January to May 2017 a total of 102,388 passengers from Europe came to Panama using as the point of entrance the Tocumen International Airport. This is an increase of 25.4% in comparison with the same per...

Posted on 2017-07-25

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Panama Canal revenues increase by 17.7%

A 17.7% increase in toll revenues in the Panama Canal in the first quarter of the year compared to the same period of the previous year, according to the Comptroller General.  Toll revenu...

Posted on 2017-06-29

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Panama Canal to make toll adjustments to be more competitive

The canal entity is preparing to make modifications to the tolls and for the segment of container ships, the proposal offers more attractive rates for containers loaded on the...

Posted on 2017-06-27

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Panama, guest destination to IBTM Latin America Mexico

IBTM México 2017 will bring together more than 600 event organizers and will allow you to do business with suppliers and buyers from Europe, Asia, Africa, the Middle East, Nort...

Posted on 2017-06-22

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Why Panama establishes diplomatic ties with the People's Republic of China?

After knowing Panama's decision to break diplomatic relations with Taiwan...

Posted on 2017-06-20

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$ 1 Billion of Panama's Foreign Investment in Quarter

Foreign companies decided to reinvest their profits in Panama, which is the major boost to investment growth, totaling $ 964 million between January and March this year; 25 ...

Posted on 2017-06-15

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Panama listed upcoming ‘global city’

Panama has  been listed as one of  seven cities that are seen as having huge potential to become one of the world’s  next global cities, lined up with, London, New York, Hong...

Posted on 2017-06-13

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Canal authority looking at 4th set of locks

A larger than expected use of the third set of locks has The Panama Canal Authority (ACP)  studying the construction of a fourth set of locks by 2025, if demand for carg...

Posted on 2017-06-08

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Information investment center at Tocumen Airport

Tocumen International Airport was the place selected to establish a new kind of interactive information center called the “Gran Conexión” (Great Connection) which shows Panam...

Posted on 2017-06-06

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Panama Canal receives the largest vessel that crossed the Panamanian isthmus

Cosco Development became the largest and most heavily loaded vessel to transit the Panama Canal since the opening of the new locks in June 2016....

Posted on 2017-06-01

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Movement in Panamanian ports takes three months in positive

The movement in Panamanian ports maintained a positive result, the first three months of the year, reversing a negative streak that remained for several months. ...

Posted on 2017-05-30

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Regulator could put a millionaire fine to state company in Panama

The National Authority of Public Services (ASEP) announced Tuesday a statement of charges against the Company of Electric Transmission S.A. (ETESA) for the two blacko...

Posted on 2017-05-25

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Belgian-Chinese consortium to build cruise port in Panamanian Pacific

The Belgian-Chinese consortium will be in charge of constructing the cruise terminal that is located in Panamanian Pacific, this after concluding the act of licitatio...

Posted on 2017-05-23

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Latin America Economic Outlook: Uncertainty And Risks, But With Opportunities

While the economic performance of Latin America is expected to be better this year and next compared to 2016, uncertainties and risks could get in the way ...

Posted on 2017-05-16

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Panama Seen Regaining Crown as Region's Fastest Growing Economy

Panama will regain its crown as Latin America’s fastest growing economy this year on a surge in trade through the newly-expanded canal and government investment in ...

Posted on 2017-05-11

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FCC Wins Contract to Build Vopak´s Storage Terminal in Panama

The consortium FCC and Felguera IHI has won the contract in Panama for the construction of Vopak’s independent oil storage terminal in Bahía las Minas (pr...

Posted on 2017-05-09

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Adidas, Estée Lauder, Sony and Cosco establish Regional Headquarters in Panama

On December 2016, new companies set up operations under the Law for Headquarters of Multinational Enterprises in Panama. These were Sony, Est&eacu...

Posted on 2017-03-29

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Panamanian entrepreneurs expel Odebrecht

The Chamber of Commerce, Industries and Agriculture of Panama expelled this afternoon the company Constructora Norberto Odebrecht, S.A., as a member of the guild. Accordi...

Posted on 2017-03-27

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Nestlé ready to open third world shopping hub and will be in Panama

As announced in 2016, the Swiss multinational Nestlé will open its third world shopping hub and will be located in Panama.- ...

Posted on 2017-03-24

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ASSA Completes Acquisition of AIG Operations in Central America

Panamanian insurance company ASSA announced Friday that it has completed the acquisition of AIG's Central American operations as a result of the closing of the purchase o...

Posted on 2017-03-22

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Panama to introduce rules to commercialize Gas Natural to boost business

The National Energy Secretariat is working with the Inter-American Development Bank (IDB) on a study for the development of Liquefied Gas in Panama that would ...

Posted on 2017-03-20

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Colombian businessmen interested in the logistical hub of Panama

In the Chamber of Commerce and Industries of Panama, Panamanian and Colombian businessmen met to look at investment opportunities. The M...

Posted on 2017-03-17

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Minority shareholder sues Avianca president by deal with United

Kingsland Holdings, which owns 21.9% of voting shares and 14.46% of Avianca's total shares, filed a lawsuit in the New York State Supreme Court on February 28, 2017 in against Germ&aac...

Posted on 2017-03-15

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Quijano makes Lloyd’s 2016 list of most powerfulmen in the maritime world

The administrator of the Panama Canal Authority (ACP) Jorge L. Quijano, was chosen by Containerisation International (CI) a subsidiary of Lloyd’...

Posted on 2017-03-13

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Cruise arrives at Cébaco Island, in Veraguas

The Star Pride cruiser of the Windstar Cruises company docked for the first time in Cébaco island, Montijo district, province of Veraguas, with 150 passengers and 150 crew, mostly from the United S...

Posted on 2017-03-09

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Customers of Panamanian registry maintain leadership in fleet value

Greek shipbuilders maintained their leadership in the overall value of their fleet, remaining the leader in the categories of bulk carriers and oil tankers, followed by J...

Posted on 2017-02-17

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Logistics companies of the ZLC are certified OAS

The existing restrictions for the movement of containers by road affect the development of Panama as the largest logistics center in the region. Begin...

Posted on 2017-02-15

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Panama: Business Mission to Hungary

The trip to Hungary by Panamanian businessmen is scheduled for May, and was publicised during the meeting between Chancellor Isabel de Saint Malo de Alvarado and the Speaker of the National Assembly of the European country, Lás...

Posted on 2017-02-10

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Air Panama flies to Cali and Cartagena in Colombia

Which will allow you to paste to Cali three times a week and twice a week to Cartagena. Panama's low-cost airline, Air Panama, received ...

Posted on 2017-02-01

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Panama: Job Hiring Up 5%

Figures from the Ministry of Labor and Workforce Development (Mitradel) show that in 2016 290,367 new contracts were signed, of which 114,553 were for fixed term contr...

Posted on 2017-01-27

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Trade Mission from Colombia to Panama

The business meeting is being organized by the Colombian-Panamanian Chamber of Commerce, which aims to help "smooth things over" in the context of prevailing tension in trade relations between the two countries.&nbs...

Posted on 2017-01-23

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Port of Corozal will create 2000 direct jobs

The development of a container port in the area of Corozal West, on the east bank of the Panama Canal’s Pacific entrance, will give an injection of over $1.3 billion to the economy and will...

Posted on 2016-11-24

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Wingo, new low-cost airline arriving in Panama

Will use four Boeing 737-700 aircraft Traveling at less cost is the best option for those who need to take an airplane urgently for business or for those wh...

Posted on 2016-11-22

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LNG transit exceeds expectations

The transit of Liquefied Natural Gas (LNG) during the first months of operation of the third set of locks totaled 1.5 million tons, exceeding initial forecasts of the Panama Canal Authority (ACP), these figures were...

Posted on 2016-11-09

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It advances third line of light of Panama

The project of the Third Line of Electric Transmission Panama currently presents an increase of 92%, as unveiled the authorities. Authorities of the Ministry...

Posted on 2016-11-07

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Lufthansa closed a tourism agreement with Panama

  The Tourism Authority of Panama and Germany's Lufthansa materialized tourism promotion agreement involving $ 4 million and seeks to increase visitor arrivals t...

Posted on 2016-11-01

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Panama, an unforgettable experience

Panama is a paradise where hundreds of activities and fun ways to meet, and both know tourist spots. Yachting is one of the favorite attractions of Panamanians and forei...

Posted on 2016-10-28

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Panama will further growth in 2017

Analysts and Panamanian economist, had already anticipated a downward revision of projected economic growth for this year and envision a better outlook for 2017. The...

Posted on 2016-10-26

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Panama Pacifico airport to double capacity

The Panama Pacifico airport terminal will double its capacity over the next three years to attract more budget airlines and charter flights. ...

Posted on 2016-10-24

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Canal Mega Plans

The Panama Canal Authority (ACP) completely reformed its business structure with four new areas to be developed on the banks of the road. It is an ambitious plan to take advantage of expanding the route. ...

Posted on 2016-10-21

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Panama second most competitive country in Latin America

Chile is the most competitive country in Latin America, according to the annual ranking of competitiveness report presented by the World Economic Forum (WEF) today and that gives Venez...

Posted on 2016-10-19

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Pullmantur includes new routes from Panama

Pullmantur Cruises estimate to grow 30% in the first year of introduction of two new routes from Panama, "all inclusive", the company top executives announced. ...

Posted on 2016-10-17

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Panama adheres to certain recycling convention ships

The purpose of this agreement is to facilitate safe and environmentally sound recycling Panama with the world's largest merchant fleet has acceded t...

Posted on 2016-10-14

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ACP plans to build a visitors center in Cocolí

The project is in the stage of design and cost evaluation The number of people who come to the visitor centers Canal increases each year during 2015 ...

Posted on 2016-10-12

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Foreign direct investment in Panama grows 6,5 % in 2016

The Foreign Direct Investment (IED) in Panama grew 6,5 % in the first semester of 2016, in comparison with the same period of 2015, up to reaching 3.018 millio...

Posted on 2016-10-11

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Construction of third bridge over the Canal exceeds 52% progress

Among the major developments of the work to date is the construction of two main towers spaced 530 meters support segments comprise the road surface of the bridge...

Posted on 2016-10-10

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Panama seeks to become "Carbon Hub"

Panama aspires to become a "Carbon Hub" as part of an initiative to preserve nature and address the effects of global warming. The initiative to turn Panama into a...

Posted on 2016-10-05

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Panama-Qatar air link mooted

Tocumen  International Airport  could be adding a fresh destination to its  flight schedules  following talks between  President Juan Carlos Varela and Qatar Emir Tamim bin Hamad Al Thani....

Posted on 2016-10-04

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New bridge slated for Gamboa

The Panama Canal Authority (ACP)  has issued the order to proceed for the construction of a new bridge over the Chagres River in Gamboa. The project includes the design and co...

Posted on 2016-10-03

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Fitch Ratings confirms rating of 'A' to the Panama Canal

The "A" rating reflects solid earnings and low leverage Panama Canal was confirmed this Wednesday, September 7, by the rating agency Fitch Ratings. ...

Posted on 2016-09-30

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Panama Starbucks announces opening of new stores in Obarrio and Costa del Este

The multinational Starbucks announced the opening of two new stores in Panama. It is the branches will be located in Penta Plaza Mall, Obarrio and Atri...

Posted on 2016-09-28

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Panama leads in human capital

In 52nd place among 130 countries, Panama is better at developing and deploying talent than the rest of Central America, according to the 2016 Human Capital Report  of the World Economic Forum. With 71 points out of 10...

Posted on 2016-09-26

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230 cruise ships to transit Canal

Panama’s Tourism figures will get a boost in the coming months with at least 230 cruise ships transiting the Canal. The 2016-2017  cruise season will start in October ...

Posted on 2016-09-23

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Transit through the Expanded Panama Canal

An article on Prensa.com reports that "...  During the first two months of operation of the expanded Canal 130 neopanamax ships were reported to have passed through, most of them con...

Posted on 2016-08-29

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Third Power Transmission Line Recorded 85% Progress

The Minister of Economy and Finance, Dulcidio De La Guardia, reported that the third power transmission line has 85% of progress. The work, once it is ...

Posted on 2016-08-29

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2016, a Record Year for the Multinational Headquarters Regime

The companies Payless, Ecco, Bavaria, Clover Logistics and BRS Banque are the latest international firms that established themselves in the country under the regime of Law 41 of Multinational Headquart...

Posted on 2016-07-19

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The forecast for economy of Central America looks good

After Cepal, the International Monetary Fund (IMF) predicted very positive outlook for the Central American economy and future of the region. ...

Posted on 2016-04-14

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Tocumen remains the best airport in Central America

The major international airport of Panama, Tocumen, has been awarded as the best airport of Central America and the best team by the international consultancy Skytrax. ...

Posted on 2016-03-22

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Expocomer 2016 brought more than $131 million in transactions to Panama

The Chamber of Commerce, Industries and Agriculture of Panama (CCIAP) recently announced fruitful results of Expocomer 2016 fair which brought ne...

Posted on 2016-03-16

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Panama City will obtain 8 metro lines by 2040

The master plan for Panama Metro proposes eight lines by the year 2040, including line 1 already in use and line 2 in construction. Totally Panama Cit...

Posted on 2016-03-03

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Dell opens its 6th Global Command Center

Dell officially opened  its sixth Global Command Center  in Panama, with an initial investment of $1.2 million dollars and 28 trilingual Panamanian specialists. The Center is exclusively dedicated to 42 desti...

Posted on 2016-03-01

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