The business representative of Laboratorios BASI, from Portugal, Carlos Novais de Araujo, expressed the interest of the pharmaceutical group in offering the country high-quality drug options at affordable prices. BASI Laboratories’s mission is to develop, manufacture, market and distribute medicines and therapeutic solutions globally, supported by the excellence of European quality and innovative technologies, in […]
According to the Labor Code of Panama, specifically article 46, Carnival Tuesday is a mandatory day of rest for all workers in the country. This article was modified by Laws No. º 55 of November 7, 2001 and N. º 305 of December 31, 2001, which include other days of rest for national holidays or days of mourning. […]
The Norwegian-flagged vehicle carrier Hoegh Aurora paid US$500,000 to cross the Panama Canal and in passing became the largest vessel of its kind to use the expanded waterway setting a new record in maritime transport. With a capacity for 9,100 vehicles, the Hoegh Aurora not only carries standard cars, but also heavy equipment, such as […]
In 2024 the film industry in Panama reached a significant economic impact, generating US$29.9 million and creating more than 2,000 direct and indirect jobs. This growth reflects the strengthening of the audiovisual sector in the country and its potential as an engine of economic and cultural development, in addition, the country has a growing infrastructure […]
The fourth edition of Credicorp’s Financial Inclusion Index (IIF) revealed that Panama is the second country in Latin America with the highest score in this index, advancing one place compared to 2023. The report highlights that Panama’s rise is mainly due to an increase in the holding of credit products within the financial system and […]
The process for the entry of a third mobile telecommunications operator in Panama is progressing firmly, as confirmed by Zelmar Rodríguez, administrator of the National Public Services Authority (ASEP), who explained that they are currently in a phase of evaluation and design of the bases for a public tender. He stressed that the objective is […]
Costa Rica and Panama signed a bilateral agreement to promote culture, art and creative industries, which includes exchanges in research, training in arts and cultural heritage, as well as courses, workshops, tours, conferences or internships. The agreement envisages promoting exchange programs in the fields of research, training in arts and cultural heritage, as well as in technical, […]
Taxation specialists from different continents are meeting in Panama City, at the third conference of the Network of Tax Organizations (NTO), entitled: “Navigating the Digital Tax Panorama: electronic commerce, collaborative platforms and crypto-asset trade”, an activity inaugurated by the Deputy Director General of Revenue, in charge, Guillermo Luis López. He stressed that the Republic of […]
The Board of Directors of the Panama Canal announced that it approved the funds for the construction of a new lake in the Indio River basin, as part of the Water Projects Program. This initiative seeks to guarantee the water supply for more than 50% of the Panamanian population, nearby communities and the operation of […]
The opening of the new Hyatt Regency hotel in Panama, strengthens the hotel offer and in the tourist sector of the country, offering a new hospitality proposal, with an innovative concept and a focus on high quality service, this hotel seeks to attract both international tourists and customers of the Hyatt brand. Richard Anthony Westel, […]