The Story of Wisy, the First Unicorn Startup of Panama


News from Panama

Wisy has become the first startup in Panama to enter the select group of “unicorns“, technological companies with billion-dollar valuations. The company founded by Min and Ricardo Chen and Orlando Reyes in 2016 has revolutionized the field of market research through a formula, dubbed “ludification”, which involves users in different campaigns and goals, in an […]

November 12, 2019

CIIE presents opportunities to boost Panama’s exports, says Panamanian official


News from Panama

This years second China International Import Expo (CIIE, started in Shanghai on Tuesday andprovides opportunities for Panama to boost exports, a top Panamanian official has said. Frank Rodriguez, adviser to Panama’s Minister of Commerce and Industry Ramon Martinez, recently told Xinhua that representatives of some 40 Panamanian companies will attend the CIIE, almost doubling the number […]

November 12, 2019

Texas de Brazil Opens First Panama Location In Panama City’s Exclusive Punta Pacifica Neighborhood


News from Panama

Texas de Brazil Churrascaria, a family-owned Brazilian-American steakhouse brand, continues to expand its international offerings with the opening of its Panama City location which is also their first in Central America. This new restaurant inhabits the high-end multifunctional complex, Pacific Center which is situated in the exclusive Punta Pacifica neighborhood. Now open to welcome residents […]

November 12, 2019

More SEM Companies Arrive in Panama


News from Panama

So far this year, 17 new company licenses have been approved in the country under the Multinational Companies Headquarters regime, a figure that is higher than the 7 that were reported throughout 2018. In addition to the 17 companies that already obtained their licenses in 2019, there are 7 other companies that are in the […]

November 12, 2019

Jamaica and Panama to establish multi-destination arrangement, says Minister Bartlett


News from Panama

Jamaica’s Minister of Tourism, Hon Edmund Bartlett has announced that Jamaica and the Republic of Panama is set to establish a multi destination arrangement, as part of efforts to strengthen tourism relations between both countries. This announcement follows discussions with Minister of Tourism for Panama, His Excellency Ivan Alfaro, and Minister Bartlett at the World […]

November 12, 2019

Panama Canal Cocoli Mooring Station


News from Panama

The Cocoli mooring station is a Panama Canal modernization project, to meet the demand for transit of Neopanamax vessels, which allows increasing capacity and providing a more efficient service to our customers. The project consisted in the construction of a moorning station for Neopanamax ships. The works involved land-based and subaquatic drilling and blasting operations, […]

November 12, 2019

AllBank Intervention Concerns


News from Panama

In Panama, a group of businessmen from the Colon Free Zone have expressed concern about the bank’s intervention, because although it was under investigation, it was allowed to engage with several companies. As of September 9, local authorities took over the operational and administrative control of AllBank, Corp, arguing that the group of “shareholders did […]

November 12, 2019