The Minister of Commerce and Industry, Julio Moltó, expressed his optimism about the possibility of Panama being accepted as an Associated State in the Southern Common Market (Mercosur) during the December 2024 summit, and stressed that, despite the initial challenges, the progress achieved shows the National Government’s commitment to Latin American integration and the vision […]
From December 2, the airline Avianca will operate two daily flights on the new direct route between Panama City (Tocumen International Airport) and Medellín (José María Córdova International Airport), added to an increase in frequencies to San Salvador. With these two new flights, the airline has a total of 14 weekly frequencies and more than […]
President José Raúl Mulino announced in his morning conference on October 17 the preliminary results of Operation Panama 3.0, after five days of implementation. According to the president, so far 275 raids have been carried out and 910 people have been apprehended, with an average of 182 detainees per day. A total of 416 packages […]
To foster new opportunities for investment and collaboration, Panama has been actively engaging in discussions with international partners across various sectors. Recently, Panama’s Minister of Trade and Industry, Julio Moltó, participated in a video call with Gennadiy Chyzhykov, the president of the Chamber of Commerce and Industry of Ukraine. This meeting aimed to explore potential […]
Renaissance Hotels has opened its first establishment in Panama City, Renaissance Panama City. The hotel is located in the financial heart of the Panamanian capital and a few minutes from Cinta Costera, a promenade overlooking the Pacific Ocean. It is a very visited destination, both by residents and tourists, by combining nature, leisure and urban culture. Renaissance Hotels, as Brian King, […]
The President of the Republic, José Raúl Mulino, clarified this Thursday that there will be no restrictions on the import of medicines, apart from those already established in article 358 of Executive Decree No. 27 of May 10, 2024. The president’s remarks come after the reactions to Communiqué No. 111 of the National Directorate of […]
With the intention of strengthening its network in Latin America, the company DP World, one of the world chains in logistics and supply chain, announced that it has opened an Integrated Logistics Services office in Panama City. According to the company, this expansion seeks to transform the local logistics sector through advanced infrastructure and innovative […]
In the official gazette on Wednesday, October 16, the decree was promulgated which the Republic of Panama agrees to a financing of US$ 1 billion with the JP Morgan Chase bank. According to the document, these funds will be used to support and finance the 2024 budget, and a six-month (4.4% at this time) plus […]
Panama is at the est of a transformation in its financial market with the possible regulation of cryptocurrencies and the tokenization of assets, according to specialist Alfredo Muñoz. In the conversation “Approximation to the Regulation of Digital Assets in Financial Markets”, held this week, Muñoz highlighted that regulation promises to revolutionize the management of financial assets. “The […]
The Federal Trade Commission (FTC) announced that consumer protection agencies from Costa Rica, the Dominican Republic, and Panama have joined a 2023 multilateral agreement with agencies from Chile, Colombia, Mexico, and Peru. This agreement, known as the Multilateral Memorandum of Understanding (MMOU), is focused on encouraging cooperation to combat cross-border fraud and illegal practices. By […]