IFZA, one of the main free zone operators in the United Arab Emirates, will open a new free zone in Panama during the first quarter of 2025, reported the Deputy Minister of Industries and Trade, Eduardo Arango, who held a virtual meeting with Markus Raiser, executive of IFZA, in which the expansion plans of this […]
By 2025, Panama is shaping up with moderate economic growth, with estimates ranging between 3% and 5%, according to various international organizations, this performance represents a significant rebound compared to 2024, a year in which a growth close to 2% is expected, marked by a slowdown in several sectors. Economist Raúl Moreira points out that […]
With the signing of a strategic agreement with Davivienda to integrate its operations in Colombia, Costa Rica and Panama, Scotiabank will obtain approximately 20% of a stake in the new combined operation and a seat on the board of directors, thus ensuring its continued presence in the markets where it operates. This strategic alliance with […]
The Association of Panamanian Shipowners (ARPA) expressed its approval of the recent decision by the Supreme Court of Justice that ratified the environmental impact study for the development of the Port Barú project, highlighting it as a strategic advance to consolidate Panama as a world-class logistics hub. Through a statement, ARPA said that the Port […]
The Minister for Canal Affairs, José Ramón Icaza, reported that the Panama Canal Authority (ACP) has reserved the necessary funds to carry out the ambitious project of the Rio Indio multipurpose reservoir. This project, which exceeds US$ 1 billion, aims to ensure the sustainability of the Panama Canal and improve the quality of life of […]
With an index of 90.34%, Tocumen International Airport, the main gateway to Panama, was recognized as the most punctual medium airport in the world in 2024 by the global consultancy Cirium surpassing airports such as Brasilia, Osaka-Itami and Santos Dumont. José Ruiz, general manager of Tocumen, attributed the achievement to the collaboration between the Civil […]
Panama reaffirmed its leadership as a strategic center for foreign investment in 2024 with the incorporation of 12 new companies under the special regime of Multinational Companies Headquarters (SEM), which represent a total of US$24.2 million in investments. New additions to the SEM regime come from sectors such as technology, agribusiness and manufacturing, reflecting Panama’s […]
In the last five months of 2024, Panama has hosted 13 film productions from the United States, Canada, France and Panama, which has generated an investment of 20.7 million dollars and has significantly boosted the economic and cultural development of the country, reported María Cecilia Arias, director of the Film Commission of Panama, during an […]
The German airline Condor will operate flights on the Germany-Panama route from this year, as announced by the President of the Republic, José Raúl Mulino, in his report to the Nation during the act of installation of the second legislature of the first period of ordinary sessions of the National Assembly. Mulino said that this is one of […]
In 2024, Panama exported 6,500 containers of teak tucas, representing 9% of the Hindu market, the largest consumer of this type of wood worldwide, but, despite this achievement, exports in tucas continue to decline, according to Bianca Morán, president of the Panamanian Association of Exporters (APEX). Morán highlighted that the forestry sector faces an imbalance […]