A new Fintech platform called TAFI, entered the Panamanian market aimed at the commercial management of sales agents, so that they can open accounts to offer financing for obtaining products or a credit card. TAFI and Mastercard join forces to offer this platform that aims to evolve the traditional model of catalog sales and enhance […]
A long-sought fourth bridge across the Panama Canal may finally advance to full-scale construction after five years of geopolitical wrangling and economic uncertainty. Consorcio Panamá Cuarto Puente (CPCP), the consortium of Chinese state-owned firms originally selected by Panama’s government in 2018 to design and build what was to be a 1,120-m-long two-tower cable-stay structure, has […]
Panama expects international financial-crime watchdog FATF to remove it this October from a watch list for nations deemed to be doing too little to fight money laundering, the country’s deputy finance minister said, adding that other intergovernmental groups might follow suit. The Central American nation urgently needs to exit the watch lists so it can […]
The national flag carrier, Cayman Airways Ltd., relaunches direct flights twice a week to Tocumen International Airport in Panama The Cayman Islands and Panama are now closer than ever since Cayman Airways Limited (CAL) has reopened a route between the two destinations. This new non-stop flight will provide Panamanians and Latin American travelers with easy […]
The Tourism Promotion Fund (PROMTUR) Panama, launched the Panama Association Center “Panama Association Hub” (PAH), which is a project that seeks to attract international associations and organizations so that they can establish their offices and operations in the country. According to Fernando Fondevila, CEO of PROMTUR, this associative center is a model present in only […]
A new option of games of luck and chance arrived in Panama, with an investment of more than US$7 million, is the Insta Games game, in the instant game mode, where through a game card buyers have options to win quickly, from US$1.00 to US$50,000.00. According to the Director General of the Game Control Board […]
Tourism in Panama is on the rise and the indicators show that the recovery is reflected in all segments, including arrivals of travelers, hotel capacity, and length of stays. ProPanamá, Camtur and Promtur Panama agree that the tourism sector is already at 2019 levels and is growing much more with all the initiatives that are […]
As of Tuesday, June 6, Panamanians will no longer need a special visa to enter Canada, since the country is now part of the Electronic Travel Authorization Program, allowing citizens to travel to the country without a visa, as reported by the Panamanian Foreign Ministry. With the Electronic Travel Authorization (-eTA) Program, the management time […]
About 30 companies participated in the previous meeting and homologation on the basis of the prequalification of the project “Rehabilitation, Improvement and Maintenance of the West Pan-American Highway” (CPO), structured under the modality of Public-Private Association (APP), work estimated at a cost of US$300 million. Sources from the Ministry of Public Works reported during the […]
The Maritime Authority of Panama (AMP), reported that it issued the order to proceed to implement a new technological platform for the registration of ships with the intention of optimizing processes and facilitating access to information. The new technological platform that will use the Panamanian Ship Registry, is called the Maritime Procedures System and Electronic […]