A Panamanian court sentenced former President Ricardo Martinelli to more than 10 years in prison for money laundering, the attorney general’s office said on Tuesday, threatening the front-runner’s bid for a new term next year. Martinelli stated his innocence following the decision in the case, known as “New Business,” which alleges public funds were used […]
The multinational company of Productos Extragel y Universal S.A., based in Peru, evaluates the investment opportunities offered by Panama, to create a food distribution center for Latin America and the Caribbean, taking advantage of the geographical advantage offered by the isthmus. The information was corroborated by directors of the General Directorate of Investment Attraction Marketing […]
Panama will be the new headquarters of the Central American Regional Office of the International Telecommunication Union (ITU), after being approved by consensus of the Member States its transfer from Tegucigalpa, Honduras where it is currently located. A source from the Panamanian Foreign Ministry announced that the permanent representative of Panama to the United Nations (UN) […]
Panama, a thriving Central American country known for its stunning landscapes, warm climate, and diverse culture, has emerged as an attractive destination for expats seeking a high-quality lifestyle at an affordable cost. In recent years, this tropical paradise has gained popularity among retirees, investors, and families looking for a new home. In this article, we […]
A loan for US$100 million was granted to ENSA Grupo EPM (Elektra Noreste S.A.), part of IDB Invest and Scotiabank Panama, to increase access to electricity, especially to communities that lack this service in rural areas. This project includes a financial package of US$50 million from IDB Invest and US$50 million from Scotiabank Panama, and […]
Under the modality of Public-Private Partnership (PPP), Panama began the execution of the pre-investment studies for the development of the “North Corridor Road Project David”, financed by the Central American Bank for Economic Integration (CABEI). The TYPSA-MEXTYPSA Consortium will carry out the preparation of studies and technical documents, while the Deloitte-Rios Ferrer Consortium, Guillén-Llarena, Treviño […]
The ADIR Group of Brazil will donate to the Institute of Agricultural Innovation of Panama (IDIAP), about 200 doses of semen from the Red Sindhi cattle breed, to strengthen the Panamanian livestock sector with new genetics. For this purpose, the commitment was signed between the Director General of IDIAP, Arnulfo Gutiérrez and the representative of […]
The United States Department of State has selected Panama as one of the seven countries worldwide with which it will establish a collaboration to strengthen the global semiconductor value chain, through the International Fund for Technological Security and Innovation (ITSI Fund), created by the CHIPS and Science Act of 2022. The news was confirmed this […]
PROPANAMÁ and the Chamber of Commerce of Barranquilla starred in the ‘Panama Day’ event, promoting investment opportunities and highlighting the importance of bilateral trade between the two countries in the Colombian Caribbean region. The Authority for the Attraction of Investments and the Promotion of Exports (PROPANAMÁ), in collaboration with the Chamber of Commerce of Barranquilla, […]
Promoting measures to strengthen the capacity to reduce the impact of disasters is one of the objectives of a Memorandum of Understanding signed between the Republic of Panama and the Federative Republic of Brazil, in the field of humanitarian cooperation and disaster reduction. The document signed by the Minister of Government, Roger Tejada and the […]