Our listing of news in Business Panama

Panama Pacifico: Best Free Trade Zone of the Americas

The Special Economic Area is awarded as the Best Free Trade Zone of the Americas and deserves nine awards in the "Global Free Zones of the Year 2018" awards, an initiative of the fDi Intelligence study center, associated with the Financial Times newspaper, based in London. The progress achieved through a 40-year vision based on a Master Plan, the constant development of talent, the...

Posted on 2018-11-07

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Panama debuts at trade fair in China

From November 5 to 10, Panamanian companies, with the 'Panama Exporta ' seal, debuted at the first 2018 fair called China International Import Expo (Ciie), which takes place in Shanghai, in the People's Republic of China. After the civic events of the parades on Monday, November 5 in the province of Colon, the president of the republic, J...

Posted on 2018-11-07

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Lonely Planet chooses Panama among the 10 best countries to visit in 2019

For the adventurers who are planning their next trip and still have not decided, Panama is among the 10 best countries recommended to visit in 2019, as published in its new edition of the Lonely Planet travel guide on the ten countries that begin to awaken the imagination of travelers. In its ranking "Best in Travel 2019: the 10 best countries", Lonely Planet chooses Panama ...

Posted on 2018-10-24

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Panama Canal closes with a record of 442.1 million tons

The  Panama Canal closed fiscal year 2018 - which runs from October 1, 2017 to September 30, 2018 - with a historic record of 442.1 million tons of CP / SUAB (volume measurement of the Universal System of Channel Ship Arming from Panama). This represents an increase of 9.5% compared to the numbers of the previous year, the entity reported. The increase was driven, in pa...

Posted on 2018-10-17

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Define plan for restoration of property

Organizations that defend the historical heritage have been demanding the restoration of the Wilcox House, in Colón. This property dates back to 1913 and was declared a National Historical Monument by Law No. 47 of 2002, however, last year it suffered a fire and presents an advanced deterioration. The Ministry of Housing and Land Management reported yesterday that next week starts work o...

Posted on 2018-10-10

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Panama: Humanitarian Hub

Natural disasters give no respite to the region. The first hours are crucial for evacuating, saving lives, rescuing, caring for the wounded and taking emergency measures. The guarantee of provision of human resources and suppli...

Posted on 2018-09-26

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Panama: Regional Workshop Ibero-America's to the SDGs

The Ministry of Foreign Affairs hosted the meeting "Ibero-American Alliances for Sustainable Development" organized by the Ibero-American General Secr...

Posted on 2018-09-17

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Panama and Puerto Rico: Cooperation in Education and Commercial Exchange

In follow-up to the meeting of President Juan Carlos Varela with the Governor of the Commonwealth of Puerto Rico, Ricardo Antonio Roselló, the Vice President and Chancellor Isabel de Saint Malo de Alvarado received the Secretary of State of Puerto Rico, Luis Gerardo Rivera Ma...

Posted on 2018-09-05

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Tocumen Airport: Passenger Traffic Grows 5.1%

The Tocumen International Airport, the main air terminal in Panama, closed the first half of the year marked by the continuous growth in the number of passengers transported, receiving 7,933,597 passengers from January to June 2018, which represents a positive variati...

Posted on 2018-08-22

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Aeroregional: Charter Flights from Ecuador

​​​​​​​The Aeroregional company started its charter flights on the Ecuador-Panama route, using the Panama-Pacific international runway as the airport. The flight will arrive on Thursday at 1:30 pm through a Boeing B737-500 with a capacity of 130 passe...

Posted on 2018-08-15

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Colon Port 2000: More than 200 thousand tourists and 80 cruises are expected

Some 200,000 tourists aboard some 80 cruises are estimated to arrive in Panama, at the Colon 2000 port, when the 2018 season begins in September. The cruise season is revived in the month of September and takes a lot of force in the months of October, November a...

Posted on 2018-08-01

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Panama & Chile: Agro-industrial Hub & Cruise Route

The governments of Panama and Chile undertook to promote an agro-industrial hub and a cruise route with the purpose of expanding the commercial relationship between both countries and the region. The announcement was made during a visit to P...

Posted on 2018-07-26

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Largest passenger cruise crosses the Panama Canal

The expanded Canal marked another milestone, this time to get to the cruise ship Norwegian Bliss, the passenger vessel with greater capacity that has gone through the inter-oceanic. The vessel has an overall length of 325.9 m (1,069.2 feet), sleeve 41.4 m (135.8 ft) and draught o...

Posted on 2018-05-16

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Panama opens merchant marine consulate in Shanghai

Panama, opened its Private Consulate of the Merchant Navy in Shanghai, which will enhance commercial relations mainly in the industrial, port, maritime and logistical aspects, at the moment in which relations between the People's Republic of China and Panama are strengthened ", no...

Posted on 2018-05-11

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Panama and Argentina promote tourism, connectivity and exports

The President of Panama, Juan Carlos Varela and the President of Argentina, Mauricio Macri, discussed issues such as air and maritime connectivity, agrologistics, tourism and the strengthening of the financial system during the VIII Summit of the...

Posted on 2018-05-09

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French and Panamanian businessmen strengthen commercial relations

Commercial relations between Panamanian and French businessmen have been strengthened in recent years to promote investment between both countries The Franco...

Posted on 2018-05-02

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Panama will host Expo Marketing

Panama will host EXMA - Expo Marketing, an event that brings together the best exponents of marketing, business and commercial strategies in Latin America. The central theme of the first edition of the important platform is "The Market...

Posted on 2018-04-25

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New regime of visas for citizens of Europe and India

Panama adopted a new visa regime for the citizens of the European Union and India, reported the President of the Republic. A decree carrying the signature of the President Juan Carlos Varela and Security Minister, Alexis Bethancourt, establishes new measures m...

Posted on 2018-04-18

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New business era begins with Air China Flight

A new business era between Panama and the People's Republic of China begins with the arrival of the new Air China flight, which intends to expand commercial and economic ties between both countries. With a group of business...

Posted on 2018-04-11

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Amador Convention Center will be ready end of the year

The authority of tourism of Panama (ATP) and the CCA-COCIGE, S.A. Consortium updated to representatives of the local tourism guilds on the development of works from the center of conventions Amador (CCA), which h...

Posted on 2018-04-04

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Colon Free Trade Zone activity grows

The commercial movement in the Colon Free Trade Zone (CFTZ) in January amounted to $ 1,718.7 million, at  24.7% increase compared to January 2017, when the amount reached $ 1,378.5 million, the entity reported. Of the total movement of goods, $ 775.5 milli...

Posted on 2018-03-28

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Panama is consolidating as a World Hub

The high connectivity of the country is a factor key said the President during his participation as a speaker in the meeting on the AT & T telecommunications company leadership. In his dissertation entitled Panama a success story, the President stressed that...

Posted on 2018-03-21

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Panama will be shown as a Regional Aviation Hub

Panama will be shown to the region as a regional hub for the aviation industry through the Aero Expo 2018, which will take place on March 21 and 22 at the Panama Pacifico Airport. For the third year in a row this event will t...

Posted on 2018-03-14

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Chinese Investment in the Colon Free Zone

 A manufacturer of clothing and sports shoes of various brands has started operating in the ZLC, from where they plan to distribute throughout Latin America.  From a statement issued by the...

Posted on 2018-03-08

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Expocomer: $130 million Foreseen in Business Projects

The organizers estimate that commercial transactions made between participants will amount to around $130 million, and the economic benefit for Panama could be $45 million. "... ...

Posted on 2018-03-02

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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 r...

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 ...

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 a...

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 P...

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. ...

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 agr...

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% ...

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. ...

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 con...

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, ...

Posted on 2017-06-22

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Panama establish diplomatic ties with the Republic of China

After knowing Panama's decision to break diplomatic ...

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 ...

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 ci...

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&n...

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...

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 ...

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 mont...

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)...

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 t...

Posted on 2017-05-23

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Latin America Economic Outlook

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

Posted on 2017-05-16

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Panama 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 govern...

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 Bah&ia...

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. Th...

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. ...

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 clos...

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...

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. ...

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, 201...

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 subsid...

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 States. ...

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 t...

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. ...

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 Europea...

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, ...

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 co...

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 ...

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...

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 bus...

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...

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. Authoritie...

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...

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 Pana...

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. ...

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...

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 merchan...

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...

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 ...

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 ...

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 ...

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...

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 inclu...

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 Ratin...

Posted on 2016-09-30

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Panama Starbucks announces opening of new stores

The multinational Starbucks announced the opening of two new stores in Panama. It is the branches will be located in Penta Plaza M...

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. Wit...

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 w...

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 thro...

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. ...

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 Mu...

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 ...

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. ...

Posted on 2016-03-03

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