Coffee: Regional Sales Not Rebounding


News from Panama

During the first six months of 2019, coffee exports from Central American countries totaled $1.782 million, 8% less than what was reported for the same period in 2018. Honduras, Main Seller In the first half of 2019, the main coffee exporter in Central America was Honduras with $708 million, followed by Guatemala with $454 million, […]

January 28, 2020

More Imported Furniture in the Panamanian Market


News from Panama

In the first half of 2019 the country reported $59 million in purchases of home and office furniture, an amount that exceeds in 13% compared to the same period in 2018. Figures from the Trade Intelligence Unit at CentralAmericaData: Click to interact with graphicsClick to interact with graphics Variation in Imports Between the first half […]

January 28, 2020

Jamaica and Panama Sign Multi-Destination Marketing and Airlift Agreement


News from Panama

Jamaica Tourism Minister, Hon. Edmund Bartlett, has announced that Jamaica and the Republic of Panama have signed a multi-destination arrangement, as part of efforts to strengthen tourism relations between both countries. The agreement was signed today during FITUR, the largest International Tourism Trade Fair for inbound and outbound Ibero-American markets, currently underway in Spain. Jamaica […]

January 28, 2020

Economic Activity Grows at 3.6% in Panama


News from Panama

During November 2019, the Monthly Index of Economic Activity reported a 3.6% year-on-year change, which was largely determined by commercial activities and financial intermediation. Among the categories of economic activity showing positive behavior were: commerce, transportation, storage and communications, public administration, financial intermediation, agriculture, electricity and water, mining and quarrying, and domestic services, reported the […]

January 28, 2020

Hotel Sector Bets on Events


News from Panama

In order to increase hotel occupancy in Panama, business people believe that the country should focus on attracting clients in the segment of meetings, conferences, exhibitions and congresses, events that could become the lifeline of the sector. According to reports from the General Comptroller of the Republic, in October 2019, hotels in Panama City reported […]

January 28, 2020

Aquaculture: $50 Million Investment Approved


News from Panama

The Panamanian government has authorized Forever Oceans Panama, S.A. to invest $50 million in a fish farming project in Charco Azul Bay, Puerto Armuelles. Aquatic Resources Authority (ARAP) administrator Flor Torrijos handed over the resolution authorizing the fish farming operation in an area of more than 58,000 hectares to company representatives, the Presidency reported. You […]

January 28, 2020

Multipurpose Towers: $10 Million Investment


News from Panama

A mixed-use complex is planned to be built in the district of San Francisco, Panama, consisting of two towers, which will have commercial premises and will also house 288 apartments. Bienes Le Parc, S.A. submitted to the Ministry of Environment the Environmental Impact Assessment (EIA) called “P.H. Le Parc Reisdences.” In the new complex there […]

January 28, 2020

Permitting advances for new Panama LNG project


News from Panama

Panama’s government has accepted for review Sinolam Smarter Energy LNG Power’s EIS for the operation of the floating storage unit (FSU) for the LNG terminal as part of the company’s 441MW Gas to Power Panama (GTPP) project. GTPP would be the country’s second such undertaking, after AES Colón brought online an LNG reception terminal and […]

January 28, 2020