The President of the Republic, Laurentino Cortizo Cohen, continued his domestic patrol, this time in the province of West Panama. On this tour, two important public markets were delivered, totaling an investment of more than 28.2 million balboas and for the benefit of more than 700,000 people. President Cortizo Cohen recalled that the construction work […]
During the first quarter of this year, the Panama Convention Center (PCC) has played a crucial role in the generation of employment and the economic momentum in Panama, according to recent reports, has generated more than 2,000 temporary employment places, providing job opportunities to numerous Panamanian families. On the other hand, data provided by PROMTUR […]
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 […]
Until February 2024, exports of Panamanian goods reached a total of US$170.3 million, highlighting a significant increase compared to the same period of the previous year, according to the latest report published by the Office of Trade Intelligence (INTELCOM) of the Ministry of Commerce and Industry (MICI), based on data from the National Institute of […]
The residents and authorities of Boquete, in the province of Chiriquí, celebrated the 113th anniversary of the founding of the district with several activities. Celebrating its 113th birthday, Boquete District exudes a charming blend of tradition and modernity against the backdrop of Panama’s lush landscapes. Nestled in the highlands, this picturesque region is renowned for […]
According to data provided by the economic agents affiliated with the APC Experian Credit Reference System, the mortgage portfolio in the banking sector maintains sustained growth year after year, ranking in the first place within the total credit balances with an amount of US$20,626,474,788 as of February 2024, distributed in 333,563 obligations. According to Giovanna […]
The director of the National Migration Service (SNM), Samira Gozaine, announced that the Panamanian State has invested more than US$70 million in accommodation, food, evacuations, rescues and care for migrants. However, Gozaine regretted the lack of significant support from international cooperation to address the magnitude of the migration problem. Gozaine stressed that the biometric controls […]
The rector of the Central American Institute of Business Administration (INCAE), Enrique Bolaños, met with Foreign Minister Janaina Tewaney Mencomo to finalize details of the upcoming inauguration of the headquarters in Panama. This meeting marks a crucial step in INCAE’s commitment to strengthen its presence in the region. The inauguration of this new headquarters represents […]
A criminal trial of 27 employees working for the law firm at the heart of the Panama Papers on money laundering charges has commenced in a Panamanian court. Eight years ago, leaked financial records from the law firm Mossack Fonseca sparked international outrage at the use of offshore companies by wealthy individuals to commit tax fraud and […]
In recent weeks, Nicaragua’s tiny embassy in Panama City has been inundated with lawyers, politicians, and a troop of workmen carrying out renovations for its most famous guest. In February, Ricardo Martinelli, a billionaire businessman and former president, sought asylum there after local courts ratified his 10-year prison sentence for money laundering and declared his […]