Our listing of news in Business Panama

Panama seeks to attract Amazon, Meta and Motion Picture Association

    Panama is taking advantage of the IX Summit of the Americas to attract foreign direct investment, and this time the Minister of Commerce and Industry (MICI), Federico Alfaro Boyd, met with senior executives of the Amazon Web companies Service (AWS), Meta Platforms, Inc. (Meta), Glax...

Posted on 2022-06-13

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Nearshoring would generate US$802 million in profits for Panama, says the IDB

  According to calculations by the Inter-American Development Bank (IDB), the potential gain for Panama with the development of nearshoring would be US$802 million, while for Latin America and the Caribbean the nearshoring opportunities in the short and In the medium term, they could represent an incre...

Posted on 2022-06-13

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Tocumen airport is worldwide recognized for its punctuality

Tocumen International Airport was distinguished by Cirium as one of the most punctual airports in the world, with an index of 91.3% after assessing its punctuality performance at a global level during the past year.   The on-time performance report of the firm specialized in aeronautical sector analysis is the standard for the operational performance of airlin...

Posted on 2022-01-20

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The World’s Best Places to Retire in 2022

If you’re considering retirement abroad, you need information, and you need lots of it. But more than that, you need guidance on how to interpret that information. That’s what we’re here for, and that’s why we’ve compiled the 2022 Annual Global Retirement Index: to help you with the exciting business of choosing where in the world will best suit your needs. ...

Posted on 2022-01-01

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BCIE meets in Panama with UK authorities; seek to identify investment opportunities

The executive president of the Central American Bank for Economic Integration (CABEI), Dante Mossi, met in Panama with the ambassador of the United Kingdom Tim Stew and the trade commissioner Jonathan Knott, with the purpose of identifying investment opportunities and strengthening ties between Central America and United Kingdom, In the talks, Mossi highlighted the Bank's interest...

Posted on 2021-12-02

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Panama signs an agreement with the UN to launch a contest on innovative tourism products

The Tourism Authority of Panama (ATP) signed, in the middle of its participation in the Future of Tourism World Summit, an agreement with the Secretary General of the World Tourism Organization (UN agency), Zurab Pololikashvili, to launch the Contest for Innovation in Transforming Tourism Products for the Empowerment of Communities. The ATP administrator, Iván Eskildsen, detail...

Posted on 2021-11-01

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Panama Wins Best Destination Award at Newsweek's Future of Travel Awards 2021

Panama won the award as the best destination country in the Future of Travel awards, awarded by Newsweek magazine. This distinction was highlighted yesterday by the Panama Tourism Authority and the country's tourism sector.   Panama beat 3 other finalists: Bhutan, Rwanda and Slovenia. Meanwhile, the other category of destination (city) was won by Bogot&aac...

Posted on 2021-10-01

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Panama launches eleven days of super commercial offers to attract tourists

Panama launched this Thursday the "Panama Black Week", eleven days of commercial super offers, as an "experiment" in the midst of the pandemic to boost the tourism sector, hard hit by the health crisis and that will also open from Friday to receive foreigners to get vaccinated against covid-19. "Before the pandemic, historically" the Panamanian week of su...

Posted on 2021-09-30

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Panama will vaccinate tourists from October and will be a pioneer in Latin America

 Non-immunized tourists who visit Panama will receive the covid-19 vaccine from October 1, within the framework of an initiative launched this Friday by the Panamanian Government to reactivate tourism , badly hit by the pandemic.   It is estimated that the so-called "Vacutur-Panama" initiative, which makes this country the first in Latin America...

Posted on 2021-09-17

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Multinational companies continue to choose Panama

During 14 years the regime of multinational companies generated an investment of 1.3 billion dollars, generating more than 7,000 jobs.   The regime of headquarters of multinational companies provides benefits such as: extension of income tax and are not subject to the payment of the operation notice tax, among others.   Special...

Posted on 2021-09-06

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Panama again allows the arrival of international cruise ships

Panama has once again received international cruises after the Central American country's Ministry of Health (Minsa) gave the go-ahead to the resumption of the activity, which had been paralyzed since March 2020. The first ship to arrive was the Star Breeze of the US shipping company Windstar Cruises , which docked last Thursday, August 26, being commanded by the Panamani...

Posted on 2021-09-06

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The design of the tunnel under the Canal is awarded to companies from Spain and the EEUU

The Panama Metro awarded the design of the tunnel for its line 3, that will pass under the Interoceanic canal, to the integrated consortium by the Spanish company Typsa and the American Louis Berger, for a value of 9.8 million dollars.   In accordance with the data published this Wednesday in the public portal Panamá Compra, The tender maintained a refe...

Posted on 2021-08-18

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World Bank moving regional HQ to Panama

The World Bank is moving its headquarters for Central America and the Caribbean from Washington to Panama and expanding staff.   Carlos Felipe Jaramillo, vice president of the bank for Latin America and the Caribbean said that Panama "is a key and strategic player in the region" and highlighted its geographical location and its connectivity with Lati...

Posted on 2021-08-15

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Panama and Trinidad and Tobago strengthen trade relations

In order to exchange information that allows both Panamanian and Trinidadian businessmen to analyze business opportunities, the webinar "Panama and Trinidad & Tobago: Attractive destinations for Investment - Business expansion" was held on august 10th.   The conference cycle was attended by authorities from the Ministry of Commerce and Industries...

Posted on 2021-08-11

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Panama Black Week will have 11 days of offers

The 2021 version of Panama Black Week will run for eleven days, from September 30 to October 10, reported the Panamanian Association of Shopping Centers, with all biosecurity measures.   "In 2019, even though it was a challenging year to carry out Panama Black Week, as it was an electoral year, in three days sales of $ 109 million were recorded. However, ...

Posted on 2021-08-01

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Tourism, a strategic sector for Panama

During the Panama Invest in Tourism forum, representatives of the government and the private sector presented the opportunities offered by this sector in the country.    Tourism in Panama is worth US$7 billion, which represents more than the income of the Panama Canal and the financial sector, hence its importance for the country's economy. For this r...

Posted on 2021-07-30

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Panama Renews Maritime Transport Agreement With China

The Panama Maritime Authority, in collaboration with the Ministry of Foreign Affairs of Panama, have renewed the Agreement on Maritime Transport between the Government of the Republic of Panama and the Government of the People’s Republic of China.   This agreement came into force July 20, 2021, at the end of the renewal process between the Panamanian and...

Posted on 2021-07-22

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The third line of the Metro will have a Korean seal.

After two months of intense legal press and the rejection of the latest claims, the Panama Metro yesterday awarded the construction of Line 3 to the HPH Joint Venture consortium, composed of the Korean Hyundai Engineering & Construction and Posco E&C. The mega-work will be able to serve approximately 180 thousand passengers daily of the 500 thousand people that are transported...

Posted on 2020-02-05

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Panama, a destination to invest

In the last months of 2019 Panama received multiple nominations as one of the destinations that should be known during the year that has just begun. Places like Bocas del Toro, Pedasí, Portobelo, Casco Viejo and the interoceanic route stand out as the landmarks of the range of destinations offered by the country. To close the circle, Panama was also recognized as one ...

Posted on 2020-01-02

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Panama will simplify the ship registration process

The Naval Registry of Panama plans the integration of ship registration systems into a single platform to facilitate the procedure for the user. The implementation would take place in phases and would be operational by the end of 2020. The systems used by the General Directorate of Merchant Marine (Ship Registry) and the General Directorate of Public Ship Registry of the Maritime Auth...

Posted on 2019-09-16

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Panama signs multilateral agreement as a result of brexit

The total commercial flow between Panama and the United Kingdom reached $ 89 million in 2018. The Minister of Commerce and Industry of Panama, Ramón Martinez , together with his counterparts from the five countries of the Central American region and the Ambassador of the United Kingdom in Costa Rica, HE Ross Denny...

Posted on 2019-07-18

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Analyze performance of the Panama Canal

The Advisory Board and the Board of Directors of the Panama Canal held a three-day meeting in this capital, in which they analyzed the performance of the interoceanic highway and opportunities for future growth. As part of the agenda, the operation of the Canal, its solid financial position, the progress of the National Water Security Plan and complementary business opportunities, amo...

Posted on 2019-05-22

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Culminates cruise season for the Panama Canal

With the transit of the Panamax cruise ship Pacific Princess, with a capacity of 670 passengers, which took place this Wednesday, May 22, the  Panama Canal closed the 2018-2019 cruise season. This ship, operated by the Princess Cruises line, sailed from Los Angeles, California, in a 15-day journey that included the expedited passage through the Canal. Its final destination i...

Posted on 2019-05-22

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Panama Canal receives first Q-Flex LNG vessel

The Panama Canal reached a new milestone with the transit of the Al Safliya ship from Qatargas, the largest liquefied natural gas (LNG) and the first Q-Flex type that has traveled through the interoceanic route. The vessel, which measures 315 meters long and 50 meters wide, with a total cargo capacity of 210,000 cubic meters of LNG, transited north from the Pacific to the Atlantic Oce...

Posted on 2019-05-15

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Line 2 of the Metro begins operations on April 25 and Terminal 2 of Tocumen opens on April 29: Varel

The President of the Republic, Juan Carlos Varela, announced on Wednesday that Line 2 of the Panama Metro will be inaugurated at 6:00 p.m. from April 25. He also announced that terminal 2 of the Tocumen International Airport will be inaugurated on April 29. He will do it a few days before the general elections, scheduled for May 5 next. According to the president, ...

Posted on 2019-04-25

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Panama Canal inaugurates Logistics Corridor

The Panama Canal inaugurated the Logistics Corridor (CLC), in the Pacific, a highway that will serve ports, industrial parks, factories and distribution centers in an agile and safe manner. The ceremony was chaired by the Minister for Canal Affairs and Chairman of the Board of Directors of the Canal, Roberto Roy, and the administrator of the waterway, Jorge Luis Quijano. &qu...

Posted on 2019-04-25

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Average of transits neopanamax reaches 7.5 daily ships

The waterway recorded a record contribution to the National Treasury last year: $ 1,703 million Some 7.5 Neopanamax ships on average transit the Panama Canal daily since January. But they have gone up to 12 in the same day. A balance of the Panama Canal Authority, after having completed the first thousand days of operation in March, also reveals that despite being fewer...

Posted on 2019-04-16

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$9 Million in Cruise Terminal Operation

Panama Government Purchase 2019-2-03-0-08-LV-007211: "The Contractor awarded this Public Act will be in charge of carrying out all the Services that allow the efficient and satisfactory performance of the Base Port and Transit Regime operations, from the arrival or departure of the vessels by sea, to the access or departure of the passengers and their luggage by land....

Posted on 2019-04-11

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Two proposals for the fourth line of Etesa

Electric Interconnection SAESP   of Colombia, and China Electric Power Equipment and Technology Co. Ltd.   of China, delivered technical and economic proposals for the design, construction, operation and transfer of the fourth electric transmission line.   The proposals were delivered between 8:00 am and 10:00 am and were attended by the manager of Etesa, Gilb...

Posted on 2019-04-09

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Panama Canal successfully completes the collection of $ 847 million from the Advances

The effective recovery of the overdue advances for the sum of 847 million dollars and the corresponding interests, began last November when, after the issuance of the arbitration award where the bail that guaranteed the payment of the Advance of Locks was executed, they were $ 12 million of the Advances of Gates and $ 2.2 million of interest and legal costs. Later, when the award of D...

Posted on 2019-03-15

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Panama is the country in Latin America that has grown the most economically in the last decade

The public sector is one of the most important economic sectors in the country, in which major investments have been made in infrastructure, urban planning and transportation in recent years; and it is expected to continue regardless of the outcome of the next general election on May 5. In this 2019 the last public works project of the Government of Juan Carlos Varela will be com...

Posted on 2019-03-15

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Panama seeks to diversify its tourism offer in Germany

Panama seeks to position its tourism brand in one of the largest fairs in the world for the travel industry, in which important wholesale buyers from more than 200 countries and 100 companies dedicated to tourism will participate. This year the leisure tourism fair will take place from March 6 to 10, with three days for negotiations rounds between professionals of the sector and two d...

Posted on 2019-02-26

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Businessmen from Colon Free Zone seek to duplicate business

The businessmen of the Colon Free Zone implement different actions to return the commercial dynamism to the free zone. As part of this initiative they held a meeting with the administration of the commercial emporium, the Financial Analysis Unit (UAF), the Intendancy of Supervision and Regulation of Non-Financial Subjects, attached to the Ministry of Economy Finance (MEF), to achieve greater un...

Posted on 2019-02-14

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10 thousand German tourists will arrive on a cruise to Colón

The Panama Canal has become one of the main attractions offered by cruise lines within its itinerary. More than 10 thousand German tourists will be arriving at the Colón 2000 port in February and will do so on two different cruise ships. The shipping companies Tui Cruises and Aida Cruises will dock, twice each, in the province of Colon, so that their clients know the Panamanian...

Posted on 2019-02-13

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Trade Missions to Panama, Canada and Spain

From the Agexport press release: The Trade Intelligence Unit of the Department of Market Development and Commercial Promotion of AGEXPORT, will carry out in 2019 different commercial missions towards the "Best Markets & Best Products" selected by AGEXPORT to open, strengthen and consolidate business opportunities for Guatemalan companies. ...

Posted on 2019-02-01

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Colon Free Zone: Activity Up 7% in 2018

Figures from the Department of Statistics and Economic Studies of the Colon Free Zone (ZLC), highlight that in 2018 imports totaled $9,855 million, and re-exports amounted to $11,076 million, exceeding in 7% and 6% what was registered in 2017, respectively. Manuel Grimaldo, ZLC manager, told Laestrella.com.pa that the growth reported last year is because of "...

Posted on 2019-01-28

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Circuit of the Coffee new tourist offer of Boquete

  The Tourism Authority of Panama (ATP), in partnership with the Ministry of Environment (MiAmbiente), the Chambers of Tourism of Chiriquí, the Competitiveness Center of the Western Region and the Center f...

Posted on 2019-01-15

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The service and financial sectors will be analyzed in negotiations with China

In the fifth round of negotiations between Panama and the People's Republic of China, issues related to the financial and services sectors are pending negotiation. This was revealed Wednesday morning by Alberto Arias Alemán, chief negotiator of the Free Trade Agreement with China, who added that the chapter on markets should also be analyzed. Arias Alemán s...

Posted on 2019-01-14

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IMF: Panama will Grow 6% in 2019

In the words of the International Monetary Fund (IMF), the Central American country's economy is projected to remain among the most dynamic on the continent, as the outlook remains positive. From the IMF statement: On December 12, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation ...

Posted on 2019-01-14

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Panama is among the most recommended tourist destinations to visit in 2019

For this 2019, Panama is ranked fourth in the top of the 52 most recommended tourist destinations to visit. According to the annual list of the New York Times , in its travel section, Puerto Rico heads it, and among the first destinations follow: Hampi (India...

Posted on 2019-01-11

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Why Panama Is the Place to Go in 2019

 Panama takes its parties seriously, and 2019 could mark the country’s most evolved fiesta yet. Panama City—the oldest continuously occupied European settlement on the Pacific coast of the Americas—is turning 500. Ancient walls, glassy ...

Posted on 2019-01-08

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Panama signed agreements of assistance and humanitarian cooperation

In the framework of the opening of the Regional logistics centre of humanitarian assistance (CLRAH), the Ministry of Foreign Affairs signed agreements of cooperation and humanitarian assistance in cases of disasters in the countries of the region, with the address Executive project of integration and development of Mesoamerica (DEPM), the General Secretariat of the Andean Community (SGCAN)...

Posted on 2018-12-06

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The order to proceed for the construction of the fourth bridge over the Canal is delivered

The length of the cable-stayed bridge and the access viaducts will be 3,950 meters The President of the Republic of Panama, Juan Carlos Varela Rodríguez and the Minister of Public Works, Ramón Arosemena Crespo, today delivered the Order to Proceed to the Panama Fourth Bridge Consortium, made up of China Communications Construction Company LTD and China Harbor Engineering...

Posted on 2018-12-04

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Chinese Cement Targets Panama

An estimated 7,000 tons of cement from the Asian country have already entered the country, a product that is still stored and waiting to be commercialized. Businessmen of the sector warn that norms and quality standards need to be established to regulate the entry into the country of imported material, which will compete with local production. You may be interes...

Posted on 2018-12-03

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Panama and China will initiate the fourth round of NAFTA negotiations

The ZLC, which houses around 2,260 companies and generates 25,000 direct jobs according to government data and its Users Association, is the largest in the continent. The financial services and rules of origin chapters will be some of the main ones to be discussed during the fourth round of negotiations of the free trade agreement (FTA) between Panama and China, which will start on Mo...

Posted on 2018-11-21

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Line 2 of the Panama Metro to 82%

Line 2 of the Panama Metro is 82% complete and should be ready for its partial operation on January 15 in order to serve for the transfer of participants of the World Youth Day (WYD). For that date it is estimated that 5 stations will be in operation, which can be used for transportation by all citizens. More than 98 communities and 48 educational centers located along the 2...

Posted on 2018-11-21

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Tocumen, SA restructures bond issue

Tocumen, SA restructured the issue of corporate bonds for $ 650 million on Wednesday, November 7, 2018 on the New York Stock Exchange, also registered in the Stock Exchange of Panama. The transaction received offers from investors and buyers for the sum of 1,530 million dollars, 2.3 times more than what was offered, according to a statement from the Tocumen International Airport. ...

Posted on 2018-11-14

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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 B7...

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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