Panama moves towards the digitization of banking


News from Panama

Panamanian banking is in a process of digital transformation similar to that of other nations in the region, although significant efforts are already observed by some banking entities, which have successfully implemented various digital functionalities to facilitate the user experience, the challenge of achieving full digital maturity in the sector still persists. However, despite the […]

November 21, 2024

Panama preps for first solar-plus-storage event


News from Panama

US-based RE+ Events has revealed that it will hold a solar-plus-storage event in Panama City on Dec. 4 and 5. “RE+ Events has been expanding its portfolio internationally for several years, successfully establishing platforms for the renewable energy and clean tech industries globally,” the company’s director of international partnerships, Benjamin Low, told pv magazine. “This includes […]

November 21, 2024

The construction sector projects an 18% growth by 2025


News from Panama

The construction sector currently represents 15% of the national Gross Domestic Product (GDP), and a growth of 3% is projected by 2025, as announced by the president of the Panamanian Chamber of Construction (Capac), Alejandro Ferrer. During the presentation of an economic analysis of the sector in the first half of 2024, Ferrer highlighted a […]

November 21, 2024

President of Panama ratifies commitment to freedom of expression and press before the IAP


News from Panama

The IAPA, for its part, valued the signing of both declarations as a “historical landmark” for Panama, focused on preserving freedom of expression and the press, the Panamanian Government highlighted. The president of Panama, José Raúl Mulino, ratified his commitment to freedom of expression and press, highlighting that his government has established important advances in […]

November 21, 2024

Panama strengthens ties with South Korea in advanced technology at the First K-CAFTA Business Forum


News from Panama

The National Secretariat of Science, Technology and Innovation (Senacyt) was represented by Mr. Franklin Morales, head of International Technical Cooperation, at the First Business Forum within the framework of the Free Trade Agreement between Korea and Central America (K-CAFTA), held on November 11 and 12 in San José, Costa Rica. Senacyt’s participation in this forum […]

November 21, 2024

Panama and Peru strengthen trade ties to boost exports


News from Panama

The National Directorate of Export Promotion of the Ministry of Commerce and Industries (MICI) and representatives of the Economic Commercial Office of Peru (PROMPERU) in Panama held a meeting with the aim of exchanging ideas, exploring synergies and discovering new business opportunities between both countries. Eric Dormoi, National Director of Export Promotion, highlighted the shared […]

November 21, 2024

Alliance between payment processing networks strengthens Panama’s interest as a center of financial innovation


News from Panama

The Minister of Commerce and Industries (MICI), Julio Moltó, celebrated the recent alliance between the Telered and Discover Global Network payment processing networks, which aims to strengthen the electronic payment ecosystem in Panama through the evolution of the Key System. This collaboration not only promises to consolidate the payment infrastructure in the country, but also […]

November 15, 2024

Pilot Plan demonstrates the potential of Natural Vehicle Gas to reduce emissions in public transport


News from Panama

According to the results of the first phase of the Pilot Plan to evaluate the operational, economic and environmental feasibility of Natural Vehicle Gas (NGV) in Panamanian public transport buses, he highlighted that there is potential to reduce carbon emissions. Among the findings, it was shown that vehicles with identical capacities and geometric characteristics, and […]

November 15, 2024