Grupo Calesa, the largest agro-industrial group in Panama, together with Celsia, a company of the Argos Group, inaugurated the “Calesa Solar Park” at Hacienda La Estrella, in Coclé. This plant, with a capacity of 3.8 MWp and an estimated annual generation of 5.7 million kWh, covers 100% of the energy consumption of Grupo Calesa’s operations […]
The performance of the Panamanian banking sector is above the world average and global banking records the best results since the financial crisis of 2008, indicates the Global Banking Annual Review 2024 report, from the consulting firm McKinsey & Company. According to the document, the global banking sector has experienced its best year since the financial crisis […]
The National Land Administration Authority (ANATI) revealed that it has made a commitment to recover and protect the valuable data stored on its servers, which suffered significant damage due to the lack of preventive maintenance and general neglect during the last administration. According to the entity, this technical process is essential to ensure the protection […]
José Raúl Mulino warned that irregular migrants who arrive in the Central American country will be fined between one thousand and five thousand dollars. Irregular migrants who enter Panama from Colombia through the Darién jungle, on their route to the United States, will be fined up to 5,000 dollars, Panamanian President José Raúl Mulino warned on Thursday (10/31/2024). “Any person who enters” the country […]
Florida State University’s Center of Population Sciences for Health Equity (CPSHE) recently hosted the International Health Equity and STEM Research Summit in the Republic of Panama to foster collaborations between researchers, educators and policymakers in Panama and the U.S. The summit, which took place Oct. 14-18 at the National Secretariat of Science, Technology, and Innovation (SENACYT) in […]
The governments of Panama and Colombia announced their decision to reactivate the binational electrical interconnection project, for which they agreed to hold a meeting next December in which they will seek to “define a concrete action plan” in this regard, reported the National Secretariat of Energy (SNE) of Panama. The reactivation of the binational Electrical […]
The president of Panama, José Raúl Molino, threatened on Tuesday to veto EU companies from future tenders in his country if the European bloc does not remove him from its list of tax havens. “Panama will not allow any country that keeps us on that list to participate in the international tenders that we have from next […]
The province of Chiriquí has been distinguished among the 10 “Best Regions in the World” to visit in 2025 by the prestigious Lonely Planet Best in Travel awards. The choice, made by editors, collaborators and experts of the publication, highlights the unique experiences of the region and its commitment to sustainable tourism. Chiriquí offers a […]
Fitch Ratings has revised the outlook on the operating environment (OE) score for Panamanian banks to Stable from Negative and affirmed the OE score at ‘bb+’. The challenges faced by the Panamanian banking system have been easing gradually, with credit growth, asset quality and profitability metrics performing better than expected. The improved business conditions are […]
Citi structured a Commercial Social Loan for US$20 million for Banesco Panama, with the aim of extending productive credits to small and medium-sized enterprises (SMEs) throughout the country and promoting economic growth. This loan is Citi’s first social financing transaction for a Panamanian financial institution and is part of its international commercial credit offering. The […]