The performance of the Panamanian banking sector is above the world average and global banking records the best results since the financial crisis of 2008, indicates the Global Banking Annual Review 2024 report, from the consulting firm McKinsey & Company. According to the document, the global banking sector has experienced its best year since the financial crisis […]
José Raúl Mulino warned that irregular migrants who arrive in the Central American country will be fined between one thousand and five thousand dollars. Irregular migrants who enter Panama from Colombia through the Darién jungle, on their route to the United States, will be fined up to 5,000 dollars, Panamanian President José Raúl Mulino warned on Thursday (10/31/2024). “Any person who enters” the country […]
Florida State University’s Center of Population Sciences for Health Equity (CPSHE) recently hosted the International Health Equity and STEM Research Summit in the Republic of Panama to foster collaborations between researchers, educators and policymakers in Panama and the U.S. The summit, which took place Oct. 14-18 at the National Secretariat of Science, Technology, and Innovation (SENACYT) in […]
The governments of Panama and Colombia announced their decision to reactivate the binational electrical interconnection project, for which they agreed to hold a meeting next December in which they will seek to “define a concrete action plan” in this regard, reported the National Secretariat of Energy (SNE) of Panama. The reactivation of the binational Electrical […]
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 […]