IFZA, one of the main free zones of the United Arab Emirates, has expressed its interest in replicating its successful business model in Panama by opening an office under the free zone regime, reported the Deputy Minister of Industries and Commerce, Eduardo Arango, after his recent visit to Dubai to participate in the tenth edition […]
According to the Ministry of Economy and Finance (MEF), the automotive industry in Panama has contributed more than US$280 million in tax revenues during 2024, highlighting its fundamental role in the economic development of the country. Of the total amount collected, US$150 million comes from the Selective Consumption Tax (ISC) applied to the sale of […]
The UK Embassy in Panama and the Sustainable Panama Foundation (PASOS) signed a Memorandum of Understanding to develop a rainwater collection project, funded by the Great Challenge Fund, which will benefit the country’s rural communities, starting with the community of El Retiro, Antón, in the province of Coclé. The project seeks to mitigate the challenges […]
Three prominent experts have analyzed Panama’s residential real estate market, concluding that this 2024 could show a remarkable recovery, with figures that resemble those of 2019. Analysts highlighted that the growth of the Panamanian economy and the decrease in unemployment are key factors in this revitalization. However, they expressed concern about legal certainty and interest […]
With an investment of US$1.2 billion and after 36 months of construction, the natural gas plant of Generatora Gatún came into operation on October 1, which will provide 670 MW to the national electricity system representing a crucial advance for the energy diversification of the country. Esteban Barrientos, CEO of the company, highlighted the relevance […]
On October 19, the seminar “All about Medicinal Cannabis” will be held in Panama, organized by the company PRLM Educational of Puerto Rico, an event that marks a milestone in the emerging medical cannabis industry in the country. The event will be led by Goodwin Aldarondo, CEO of PRLM Educational and expert in medicinal cannabis […]
The shipbuilding company Ocea is interested in investing in Panama, through a project to install a shipyard for maintenance and construction of ships. In this sense, representatives of the company Ocea met with the Minister of Commerce and Industries (MICI), Julio Moltó, where they presented the project that will not only benefit national institutions, but […]
The project of Line 3 of the Panama Metro, which will link Panama City with the district of La Chorrera, has reached a 63% of progress, according to the Director of Projects and Planning of the Metro, Agustín Arias. One of the novelties of the project is the construction of a tunnel that will pass […]
The Comptroller General of the Republic (CGR) held the inauguration ceremony of the new regional headquarters in the province of Chiriquí with the purpose of strengthening the services it provides as a superior supervisory entity to all users in the west of the country. The comtrol general of the Republic, Gerardo Solís, stressed the importance […]
The President of the Republic, José Raúl Mulino, participated as the main speaker of a forum organized in New York by the Adam Smith Center for Economic Freedom, where he assured that he will work for a Panama with clear rules, without corruption, so that foreign investment is maintained and can grow. Mulino stressed that […]