About seven private technical defenders will present their arguments today, in the ordinary hearing that follows against 29 defendants, accused of the crime of money laundering, after an investigation carried out by the Public Ministry in the Panama Papers case. This Thursday, eight defense lawyers in this case completed their allegations and asked the court […]
According to the projections of the National Council of Housing Developers (Convivienda) the year 2024 will close with 10,071 units sold and a profit of US$962 million, significantly exceeding the figures of 2023. For Convivienda, the growth of the sector continues to be positive, since in the report of “Results 2023 and projections 2024”, presented […]
After Digicel’s exit from the market in Panama, effective April 21, the mobile phone industry will now be dominated by only two companies. Digicel voluntarily liquidated its operations in 2022 after over a decade of presence in the country, leaving Cable&Wireless from the multinational Liberty and TIGO from the multinational Millicom as the primary players […]
Panama temporarily raised the limit for the self-consumption of clean energy and new renewable sources such as solar, wind and others from 2% to 3%. This is indicated by resolution number 19011 of April 12 of the National Authority of Public Services (ASEP) which indicates that a transitional percentage of the maximum annual energy consumption in gigawatt-hour GWh of penetration is […]
Presidential candidate José Raúl Mulino, the protégé of former President Ricardo Martinelli who leads the polls for the May 5 elections in Panama, promised on Tuesday to “close” the Darién jungle to migrants heading to the United States. “We are going to close Darién and we are going to repatriate all these people as appropriate, […]
In an effort to promote economic development in the agricultural sector, the Deputy Minister of Agriculture of Panama, Alexis Pineda, met with representatives of the French embassy and the Center for International Cooperation in Agricultural Research for Development (CIRAD). During the meeting, strategies were discussed to establish joint projects focused on improving coffee and cocoa […]
This week, Panama made the first issuance of social bonds, worth up to $40 million. This milestone was marked by Microserfin and with it he entered the Latin American Stock Exchange (Latinex), reported its general manager, Edison Mejía, who was very optimistic about the future of the entity, with more than 20 years of experience. […]
The President of the Republic, Laurentino Cortizo Cohen, continued his domestic patrol, this time in the province of West Panama. On this tour, two important public markets were delivered, totaling an investment of more than 28.2 million balboas and for the benefit of more than 700,000 people. President Cortizo Cohen recalled that the construction work […]
During the first quarter of this year, the Panama Convention Center (PCC) has played a crucial role in the generation of employment and the economic momentum in Panama, according to recent reports, has generated more than 2,000 temporary employment places, providing job opportunities to numerous Panamanian families. On the other hand, data provided by PROMTUR […]
The importance of developing effective policies and standards to guarantee the sustainability of Panama’s growth and development, Minister Héctor highlighted. Within the framework of the World Compliance Forum 2024, the Minister of Economy and Finance of Panama, Héctor Alexander, highlighted the country’s significant progress in the prevention of money laundering, terrorist financing and financing the proliferation of […]