A court in Panama approved on Tuesday to apply a delinquency rate of 5%, equivalent to more than $916,000, to the Brazilian company Odebrecht, for not paying the annual fee of the $220 million fine imposed on it in 2017 after the bribery scandal in that country. The court made the decision at a hearing […]
On March 2, 2023, during the opening ceremony of the 2023 Our Ocean Conference, Laurentino Cortizo, President of Panama, and Milciades Concepción, Minister of Environment, signed the decree to substantially expand the limits of the Banco Volcán Area of Managed Resources (Banco Volcán AMR) to further protect and steward important marine ecosystems, endangered flora and fauna, and important […]
Committed to protecting the present and future of the environment, the financial institution BAC will launch its BIO card in Panama on March 10. It is of natural origin, made of inedible corn, which at the end of its useful life and is returned to the established points of BAC, will be composted, returning to […]
The security agencies carried out the transfer of food bags, boxes with water and hygiene kits to support the community affected by the fire that occurred in Wala, in the Wargandí Region. The Minister of Public Security, Juan Manuel Pino accompanied by the Minister of Social Development, María Inés Castillo and the Minister of the […]
The Government of Panama and Minera Panama agreed on Wednesday the final text of the concession contract that will govern the long-term operations of the copper mine located in Donoso, province of Colón. The agreement was reached after almost a year and a half: 15 months of negotiation and two months of the process of […]
The President of the Republic, Laurentino Cortizo Cohen, received on Thursday the visit of the president of the World Bank Group (GBM), David Malpass, who makes an official four-day tour to Latin America and the Caribbean. Malpass shared with the Panamanian president issues related to global economic challenges, inflation, among others and recognized Panama’s progress […]
The Gladys Vidal Municipal Theater in Panama was the setting for the tenth recognition ceremony ‘Women leaders 2023, for an inclusive digital world’, organized by the Federation of Women Journalists and Public Relationists of the Caribbean and Panama. Women were honored for their management in areas such as research, literature, journalism, diplomacy, youth empowerment and […]
The electricity company Enel, during its participation in the Renpower Central America and the Caribbean, explained that Panama has a great advantage for the decarbonization of the energy sector, being a carbon-neutral country, and that it is very well positioned towards a green and sustainable energy transition. However, according to the statements of the country’s […]
Despite the projections of specialists in the field, around the effects of the inflationary situation on banking, to date, cardholders in Panama have not suffered the rise in interest rates on this type of product. This is detailed in a recent report by the Authority for Consumer Protection and Defense of Competition (Acodeco), published this […]
Canada’s First Quantum Minerals (TSX: FM) says it’s experiencing losses of up to $8 million a day due to the suspension of ore processing and port loading affecting its giant copper mine in Panama. In a letter sent this week to the country’s Maritime Authority (AMP), the chief executive of First Quantum’s local unit, Minera […]