The International Finance Corporation (IFC), a member of the World Bank Group, has announced a financing of US$45 million to Siegfried Panama, a subsidiary of the Roemmers Group, with the aim of expanding access to affordable and quality medicines in Central America. The loan, signed in Bogotá, Colombia, will allow Siegfried Panama to complete the […]
The McDonald´s restaurant franchise is 100% committed to the inputs behind its menu products being produced in Panamanian soils, with the aim of contributing to the economic development of Panama, said Adriana Paredes, communications manager of Arcos Dorados Panama. According to Paredes, they recently launched the “I am from here” campaign, to visualize and know […]
In May, Microsoft signed a large nature-based carbon offtake agreement with the Azuero Reforestación Colectiva (ARC). The project aims to restore more than 24,700 acres of degraded tropical forest on Panama’s Azuero Peninsula, removing over 3 million tons of CO2 from the atmosphere in the process. Azuero is one of a string of large nature-based carbon offtake agreements that Microsoft has struck, […]
Mangrove forests are highly efficient at capturing and storing carbon from the air; in fact, they can hold three to five times as much carbon as the same area of terrestrial forest can. So, researchers in many countries are working to measure how much carbon is stored in mangrove forests. Researchers from 14 international and […]
Panama has been recognized for the third consecutive year as the “Best Tourist Destination” in Latin America and South America at the Leisure Lifestyle Awards 2024, organized by Global Traveler magazine and based on the votes of its readers. This award highlights the vibrant culture, captivating biodiversity and impressive architecture offered by the country, according to […]
Productos Nevada, a subsidiary in Panama of the Cooperative of Milk Producers Dos Pinos, has announced an investment of US$ 7 million made in the last four years in its Nevada Plant, located in the province of Chiriquí. This announcement was made during the recent annual meeting with producers in Nevada, where the company reaffirmed […]
The Ministry of Economy and Finance (MEF) delivers to the Panama Savings Fund (FAP) the promissory notes corresponding to the outstanding contributions for the years 2021, 2022, 2023 and 2024 (for the years of accumulation 2020, 2021, 2022 and 2023). In accordance with what was authorized by Cabinet Decree No.29 of June 4, 2024, this […]
During a working meeting Panama and Argentina, the issue of health procedures and regulations for the exchange of dairy and meat products between the two countries, from the point of view of animal health, for the benefit of the agricultural sector, was discussed. During the meeting it was said that the collaboration between the two […]
Panama and Costa Rica signed their endorsement of the Strategic Action Program (SAP) of the Binational Basin of the Sixaola River, to move towards Integrated Water Resources Management (GIRH) in this Basin shared by both countries. This firm is part of the actions to improve water governance in the Sixaola Basin of the Connecting Communities […]
The scrap metal collection program in the State institutions represented income for the National Treasury in June of last year, of approximately US$450,000 and allowed the collection of about 5,900 tons, said Orlando Barría, director of State Property of the Ministry of Economy and Finance. This program, awarded to three companies after a public event […]