The Cabinet Council approved to appoint and instruct Luis Roquebert, current Administrator of the Maritime Authority of Panama, to request from the company Hutchinson Holding, all legal and financial documentation on the sale of the ports of Balboa and Cristóbal by Black Rock MSC. According to the minister of the presidency, Juan Carlos Orillac, the […]
The current scenario is worrying: since 1990, overweight and obesity in adults has increased by 52% in the Americas, from 44.4% to 67.5% in 2022 With information from PAHO Chile, with the highest prevalence of obesity and overweight in the region (78.8%), has been the first to present a National Plan for the Prevention of […]
The Government of Panama, through the Ministry of Economy and Finance (MEF), announced the authorization of an Unseted Loan Contract for an amount of one billion euros (US$1,302,563,998.67) with Merrill Lynch International, a subsidiary of Bank of America. This financing, approved on February 28, 2025, will be disbursed in its equivalent in dollars and aims […]
The Security Ministers of Costa Rica and Panama announced on Monday the implementation of bus routes as a “humanitarian and regulated” strategy to attend to the return of migrants in their countries, given the policies implemented by the United States Government. When inaugurating a customs in Peñas Blancas, Costa Rica, the Minister of Security of […]
A Hong Kong-based conglomerate has agreed to sell its controlling stake in a subsidiary that operates ports near the Panama Canal to a consortium including BlackRock Inc., effectively putting the ports under American control after President Donald Trump alleged Chinese interference with the operations of the critical shipping lane. In a filing, CK Hutchison Holding […]
2025 has brought good news for the export area in Panama, since so far this year there has been growth in this sector. For the above, a total of 76.9 million dollars has been reached in the first month, which represents an increase of 14 million dollars (22.3%) compared to January 2024, when registered exports were 62.9 […]
The business representative of Laboratorios BASI, from Portugal, Carlos Novais de Araujo, expressed the interest of the pharmaceutical group in offering the country high-quality drug options at affordable prices. BASI Laboratories’s mission is to develop, manufacture, market and distribute medicines and therapeutic solutions globally, supported by the excellence of European quality and innovative technologies, in […]
According to the Labor Code of Panama, specifically article 46, Carnival Tuesday is a mandatory day of rest for all workers in the country. This article was modified by Laws No. º 55 of November 7, 2001 and N. º 305 of December 31, 2001, which include other days of rest for national holidays or days of mourning. […]
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 […]