The Norwegian-flagged vehicle carrier Hoegh Aurora paid US$500,000 to cross the Panama Canal and in passing became the largest vessel of its kind to use the expanded waterway setting a new record in maritime transport. With a capacity for 9,100 vehicles, the Hoegh Aurora not only carries standard cars, but also heavy equipment, such as […]
In 2024 the film industry in Panama reached a significant economic impact, generating US$29.9 million and creating more than 2,000 direct and indirect jobs. This growth reflects the strengthening of the audiovisual sector in the country and its potential as an engine of economic and cultural development, in addition, the country has a growing infrastructure […]
The fourth edition of Credicorp’s Financial Inclusion Index (IIF) revealed that Panama is the second country in Latin America with the highest score in this index, advancing one place compared to 2023. The report highlights that Panama’s rise is mainly due to an increase in the holding of credit products within the financial system and […]
Taxation specialists from different continents are meeting in Panama City, at the third conference of the Network of Tax Organizations (NTO), entitled: “Navigating the Digital Tax Panorama: electronic commerce, collaborative platforms and crypto-asset trade”, an activity inaugurated by the Deputy Director General of Revenue, in charge, Guillermo Luis López. He stressed that the Republic of […]
The Board of Directors of the Panama Canal announced that it approved the funds for the construction of a new lake in the Indio River basin, as part of the Water Projects Program. This initiative seeks to guarantee the water supply for more than 50% of the Panamanian population, nearby communities and the operation of […]
The opening of the new Hyatt Regency hotel in Panama, strengthens the hotel offer and in the tourist sector of the country, offering a new hospitality proposal, with an innovative concept and a focus on high quality service, this hotel seeks to attract both international tourists and customers of the Hyatt brand. Richard Anthony Westel, […]
The Netherlands reaffirmed its support for Panama before the European Union in the face of discriminatory lists and will cooperate with sustainable development and international justice, the Panamanian Foreign Ministry announced after the visit of Minister Javier Martínez Acha to that country. The Foreign Minister of Panama met with his counterpart Caspar Veldkamp to strengthen cooperation in […]
U.S. Navy Adm. Alvin Holsey, Commander of U.S. Southern Command (SOUTHCOM), will visit Panama from February 19 to 20 to meet with the nation’s leaders to strengthen cooperation and discuss critical regional challenges. This marks the first time Adm. Holsey visits Panama since assuming command of U.S Southern Command in November 2024. Panama is one […]
The president of Panama, José Raúl Mulino, announced an economic reactivation plan that includes an investment of US$350 million in 14 government projects, with the aim of generating 10,000 jobs in the country. During his weekly conference, he also addressed migration issues and referred to the visit of the head of the United States Southern […]
With an investment of US$14 million, a new COOLECHE food concentrate plant was inaugurated, located in Concepción, Chiriquí, a cooperative, which brings together 500 producers and contributes about 70% of the production of grade “A” milk in Panama, reaffirms with this investment its leadership in the agricultural sector. This modern plant represents a key step […]