The Panamanian banking sector continues to show sustained growth in its mortgage portfolio, which reached more than US$21 billion in total balances as of December 2024, according to APC Experian data. This amount is distributed among 337,163 bonds, with an average balance of US$62,238 per mortgage. In the last two years, statistics indicate that 59% […]
The Minister of Commerce and Industries, Julio Moltó met with executives of the multinational technology Oracle, where they addressed in an exploratory way the possibility of reactivating Oracle’s regional headquarters in Panama as a fundamental step to consolidate the country as a technological hub in the region. The meeting also served to strengthen Panama’s position […]
The President of the Republic, José Raúl Mulino, held a bilateral meeting with the CEO of A.P. Moller – Maersk, Vincent Clerc, to discuss strategies that allow Maersk to continue supporting Panama’s objectives in strengthening commercial competitiveness and modernizing Panama’s port and logistics infrastructure. During the meeting, within the framework of the World Economic Forum […]
Panama and Chile agreed on a set of measures aimed at facilitating the exchange of agricultural products, which will result in benefits for both producers and consumers in both countries. At a meeting of the Committee on Sanitary and Phytosanitary Measures, officials and diplomats from both countries discussed issues of bilateral interest, including the procedures […]
Panama forecasts a continuous growth in its exports by 2025, driven by its recent integration into Mercosur, which opens new markets in countries such as Brazil and Argentina. According to Eric Dormoi, National Director of Exports of the Ministry of Trade and Industries (MICI), Panama will end 2024 with a total of US$1.3 billion in […]
The Austin Powder company has announced the start of the transport of the white crystalline solid compound, commonly used in mining activities, due to the suspension of operations in the Panama Copper mine. This material, stored in the warehouse of the international port of Punta Rincón, will be re-exported under strict safety standards and legal […]
Panamanian exports have maintained a positive trend in 2024, despite the suspension of copper exports due to the closure of the mine, and according to data from the Ministry of Trade and Industries (MICI), during the first 11 months, the value of exports increased by 6.4% compared to the same period of 2023. Eric Dormoi, […]
With the aim of facing the challenges of the European Union Green Deal, which will require supply chains free of deforestation from the end of 2025, the Ministry of Trade and Industries (MICI) and the Panamanian Association of Exporters (APEX) work together to ensure compliance with these regulations. An inter-institutional technical table has been created […]
With the celebration of the ACOBIR International Real Estate Congress, which will be held from January 22 to 25, Panama will once again become the epicenter of the real estate sector, where it will bring together more than 20 prominent national and international lecturers, real estate brokers, investors and sector leaders to explore market opportunities […]
The Institute of Meteorology and Hydrology of Panama (IMPHA) assured that the phenomenon of La Niña 2025, has the particularity that coincides with the dry season of the country, so it is unlikely that its impacts are as significant, as in previous events. The director of IMPHA, Luz Graciela de Calzadilla, clarified that this will […]