Sales of houses in 2024 could increase by 31% in Panama


News from Panama

According to the projections of the National Council of Housing Developers (Convivienda) the year 2024 will close with 10,071 units sold and a profit of US$962 million, significantly exceeding the figures of 2023. For Convivienda, the growth of the sector continues to be positive, since in the report of “Results 2023 and projections 2024”, presented […]

April 19, 2024

The limit for self-consumption of energy in Panama is raised to 3%


News from Panama

Panama temporarily raised the limit for the self-consumption of clean energy and new renewable sources such as solar, wind and others from 2% to 3%. This is indicated by resolution number 19011 of April 12 of the National Authority of Public Services (ASEP) which indicates that a transitional percentage of the maximum annual energy consumption in gigawatt-hour GWh of penetration is […]

April 19, 2024

Panama highlights advances in the prevention of money laundering and terrorist financing


News from Panama

The importance of developing effective policies and standards to guarantee the sustainability of Panama’s growth and development, Minister Héctor highlighted. Within the framework of the World Compliance Forum 2024, the Minister of Economy and Finance of Panama, Héctor Alexander, highlighted the country’s significant progress in the prevention of money laundering, terrorist financing and financing the proliferation of […]

April 12, 2024