The McDonald’s restaurant chain will continue operating in Panama for the next 20 years thanks to the renewal of the contract between the fast food company and its franchisee in Latin America, Arcos Dorados Holding. The new agreement, which entered into force on January 1, 2025, includes an extension option for another 20 years and […]
An inter-institutional cooperation agreement for the protection of the oceans and the marine environment was signed by the Ministry of the Environment (MiAmbiente) and the Panama Maritime Authority (AMP). The agreement establishes a regulatory framework to authorize and regulate navigation in Panamanian jurisdictional waters, allowing the participation of ships that, free of charge, will support […]
IFZA, one of the main free zone operators in the United Arab Emirates, will open a new free zone in Panama during the first quarter of 2025, reported the Deputy Minister of Industries and Trade, Eduardo Arango, who held a virtual meeting with Markus Raiser, executive of IFZA, in which the expansion plans of this […]
By 2025, Panama is shaping up with moderate economic growth, with estimates ranging between 3% and 5%, according to various international organizations, this performance represents a significant rebound compared to 2024, a year in which a growth close to 2% is expected, marked by a slowdown in several sectors. Economist Raúl Moreira points out that […]
The United States National Office of Oceanic and Atmospheric Administration (NOAA) officially declared the arrival of the La Niña Phenomenon in the region. In a statement, this agency points out that La Niña’s conditions are present and are expected to persist until April 2025 (59% probability). NOAA indicates that La Niña conditions have emerged since […]
With the signing of a strategic agreement with Davivienda to integrate its operations in Colombia, Costa Rica and Panama, Scotiabank will obtain approximately 20% of a stake in the new combined operation and a seat on the board of directors, thus ensuring its continued presence in the markets where it operates. This strategic alliance with […]
The Association of Panamanian Shipowners (ARPA) expressed its approval of the recent decision by the Supreme Court of Justice that ratified the environmental impact study for the development of the Port Barú project, highlighting it as a strategic advance to consolidate Panama as a world-class logistics hub. Through a statement, ARPA said that the Port […]
The Minister for Canal Affairs, José Ramón Icaza, reported that the Panama Canal Authority (ACP) has reserved the necessary funds to carry out the ambitious project of the Rio Indio multipurpose reservoir. This project, which exceeds US$ 1 billion, aims to ensure the sustainability of the Panama Canal and improve the quality of life of […]
With an index of 90.34%, Tocumen International Airport, the main gateway to Panama, was recognized as the most punctual medium airport in the world in 2024 by the global consultancy Cirium surpassing airports such as Brasilia, Osaka-Itami and Santos Dumont. José Ruiz, general manager of Tocumen, attributed the achievement to the collaboration between the Civil […]
In the last five months of 2024, Panama has hosted 13 film productions from the United States, Canada, France and Panama, which has generated an investment of 20.7 million dollars and has significantly boosted the economic and cultural development of the country, reported María Cecilia Arias, director of the Film Commission of Panama, during an […]