President Cortizo inaugurates the International David Fair


News from Panama

The President of the Republic of Panama, Laurentino Cortizo, inaugurated this Thursday the David International Fair, in the province of Chiriquí, which will be held until next March 26. During the event, the president authorized the investment of $3.3 million so that this year, through the “A Better Stallion” program, 1,200 milk and meat bulls […]

March 17, 2023

Project Management Lessons Of The Panama Canal


News from Panama

The idea had been bandied about for decades, but in January 1880 a bold French team finally embarked on one of the most ambitious projects of all time: building a shipping canal through the Panamanian jungle to connect the Atlantic and Pacific oceans. But in less than a decade the French canal company had gone […]

March 17, 2023

Panama economy expanded 13.5% in 2022


News from Panama

Panama’s economy grew 13.5% last year compared to the previous year, the Central American country’s comptroller general said on Thursday, reporting a gross domestic product (GDP) landing at 76.52 billion Panamanian balboas ($76.5 billion). “Economic activities continued to recover during the year, thanks to the pandemic coming under control, allowing for the total opening of […]

March 17, 2023

Panama sees limited risk from US/European bank problems


News from Panama

Panama’s risk of contagion from banking woes in the United States and Europe is “very limited”, an official with banking regulator SBP said on Thursday, adding that local lenders have no exposure from interbank deposits or other investments. “We can count on a very solid banking system,” Amauri Castillo, an SBP superintendent, said at a […]

March 17, 2023

Production of alcoholic beverages increases in Panama


News from Panama

The production of alcoholic beverages in Panama continues to increase, according to the figures of the Office of the Comptroller General of the Republic (CGR), shared by the National Institute of Statistics and Census (Inec), at the beginning of this month. 2022 ended with 273,731,253 liters (L) produced, a figure that exceeds the 272,101,463 L […]

March 10, 2023

Panama Achieves 50% Ocean Protection with Newly Expanded Banco Volcán Marine Protected Area


News from Panama

On March 2, 2023, during the opening ceremony of the 2023 Our Ocean Conference, Laurentino Cortizo, President of Panama, and Milciades Concepción, Minister of Environment, signed the decree to substantially expand the limits of the Banco Volcán Area of Managed Resources (Banco Volcán AMR) to further protect and steward important marine ecosystems, endangered flora and fauna, and important […]

March 10, 2023