The idea had been bandied about for decades, but in January 1880 a bold French team finally embarked on one of the most ambitious projects of all time: building a shipping canal through the Panamanian jungle to connect the Atlantic and Pacific oceans. But in less than a decade the French canal company had gone […]
Panama’s risk of contagion from banking woes in the United States and Europe is “very limited”, an official with banking regulator SBP said on Thursday, adding that local lenders have no exposure from interbank deposits or other investments. “We can count on a very solid banking system,” Amauri Castillo, an SBP superintendent, said at a […]
The production of alcoholic beverages in Panama continues to increase, according to the figures of the Office of the Comptroller General of the Republic (CGR), shared by the National Institute of Statistics and Census (Inec), at the beginning of this month. 2022 ended with 273,731,253 liters (L) produced, a figure that exceeds the 272,101,463 L […]
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 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 […]
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 […]
In order to join efforts in order to facilitate and intensify the relations of cooperation between the two institutions in areas of common interest, a cooperation agreement between the two recognized universities was signed in the Umecit auditorium. Within the framework of the event, the Rector of the University of Panama (UP), Dr. Eduardo Flores Castro, […]