Fitch Ratings has revised the outlook on the operating environment (OE) score for Panamanian banks to Stable from Negative and affirmed the OE score at ‘bb+’. The challenges faced by the Panamanian banking system have been easing gradually, with credit growth, asset quality and profitability metrics performing better than expected. The improved business conditions are […]
Citi structured a Commercial Social Loan for US$20 million for Banesco Panama, with the aim of extending productive credits to small and medium-sized enterprises (SMEs) throughout the country and promoting economic growth. This loan is Citi’s first social financing transaction for a Panamanian financial institution and is part of its international commercial credit offering. The […]
Naturgy has decided not to enter the solar panel installation market and, instead, will concentrate its efforts on improving the electricity service in Panama. This decision was communicated to the Panamanian Chamber of Solar Energy, which is active in the promotion of solar energy in the country. To date, Panama has 4,400 photovoltaic installations, of […]
The Minister of Economy and Finance, Felipe Chapman, reported that he will present tomorrow to the Cabinet Council the General Budget of the Republic for 2025, after having been removed for the second time from the Budget Committee. Although he did not specify the exact figure, Chapman said that the budget will increase by approximately […]
The company SGS Panama Control Services will be in charge of auditing the processed and semi-processed material in the mine, specifically the 132 thousand tons of copper concentrate that are currently stored in Minera Panamá facilities, located in the district of Donoso, province of Colón. The Minister of Commerce and Industries, Julio Moltó, announced the endorsement of the contract during […]
The Panama-David-Frontera train, the new Canal expansion plans, the San Miguelito cable car and the drinking water plan for the whole country are some of the projects that generated the greatest interest in the business round that the President of the Republic, José Raúl Mulino, held this Tuesday in Paris, France, with more than 24 […]
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 […]
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 […]
Panamanian engineers specialized in Biomedicine showed the progress of that discipline in the country during a Latin American meeting that brought together experts in this field where that nation has more than 360 professionals graduated from local universities. The guild recently held the Latin American Congress of Biomedical Engineering (CLAIB, edition X), presented projects developed in the areas of image processing, […]
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 […]