Although Grupo Aval S.A. de Colombia owns both financial entities, the conglomerate has decided that the two banks will compete separately in the Panamanian market. Early last month it was reported that Grupo Aval de Colombia S.A., owner of BAC Credomatic, signed an agreement to acquire Multibank Financial Group of Panama, and according to the […]
Southern Explorations, specializing in crafting custom small-group trips and itineraries to South America and Central America, has added a pair of inviting new accommodations to the Panama Family Adventure tour: El Otro Lado and Isla Palenque. “We’re thrilled to be adding these properties to our Panama Family Adventure. They’re the kind of boutique lodgings that are […]
In Panama developers are being more cautious when making decisions regarding the construction of industrial projects, as they prefer to build buildings based on the needs and demands of customers. In the current situation of the country, where investment in new construction, additions and repairs, reports a 9% contraction until October 2019, developers in the […]
The National Assembly of Panama approved in third debate the bill that creates the Superintendence of Non-Financial Subjects, and now the proposal only awaits the approval of the Executive. The bill, which was sent by the Executive Branch to be analyzed in extraordinary sessions and which seeks to establish the exclusive competence to regulate and […]
During the first ten months of 2019, 2,210 luxury vehicles were sold in Panama, a figure 9% higher than that reported in the same period of 2018. According to the latest report of the General Comptroller of the Republic, between the first ten months of 2018 and the same period of 2019, the number of […]
The Panama Canal Advisory Board and Board of Directors gathered this week in Savannah, Georgia, where they discussed the Canal’s performance, strategic foresight, maritime trends and water issues, as part of their biannual meetings. The Advisory Board meets once or twice a year in Panama and/or a city linked to the maritime industry. Savannah was […]
A housing complex consisting of two 16-story towers and two 19-story buildings, which together will house 196 apartments, is planned to be built in the district of Panama. Inmobiliaria Navaltor, S.A. presented to the Ministry of Environment the Environmental Impact Study (EIA) called “P.H. Altos del Pacifico.” The project consists of the construction of four […]
The IDB will provide a $200 million loan to finance the digital transformation of processes with high demand, such as construction permits from the Municipality of Panama or commercial movements in the Colon Free Zone. The funds will also be used to encourage private investment, the protection of digital personal data and digital signatures. In […]
Nearly 2,000 businessmen and leaders from China, Latin America and the Caribbean will meet for the first time in Panama as part of the 13th China-LAC 2019 Summit, according to organizers. Speaking to the press, the president of the Organizing Committee of the event, Gabriel Barletta, highlighted the role of this mechanism in the […]
Foreign investment in Panamanian real estate is rising. However, the distance between owners and the properties themselves is a key pain point. In that sense, startups in this Central American country are emerging to push for greater visibility and management of cozy homes and elegant apartments no matter where you are. Prime-Ex Perpetual Active on […]