In a significant decision for the Republic of Panama, which undoubtedly has positive effects for the country’s economy, the European Union Commission has announced the elimination of Panama from the European Union’s list of high-risk countries due to strategic deficiencies in the prevention of money laundering and terrorist financing. After examining the progress presented by […]
The event will offer a powerful program that celebrates the return to movie theaters, according to its organizers. Those present will be able to enjoy a selection of 32 films from various corners of the world, with a special focus on Panama, Central America and the Caribbean. In addition, among the scheduled activities, the general […]
In May 2022, during a submarine expedition to the Cordillera de Coiba seamounts in Pacific Panama, a remarkable discovery unfolded: the sighting of twelve prickly sharks (Echinorhinus cookei), a rare bottom-dwelling species. This marked the first documented living evidence of the species in Panama’s eastern Pacific region. The findings were recently described in the Journal of […]
As part of the investment financing strategy of the General State Budget 2024 February 22, 2024, the Republic of Panama, through the Ministry of Economy and Finance (MEF), successfully issued three Global Bonds on the international market, with maturities in 2031, 2038 and 2057, for a total amount of US$3.1 billion, at an average weighted coupon […]
The global technology company in the payment industry Mastercard and Banesco Panama and Mastercard, bring to the Panamanian market the first Touch Card debit card, for people with low vision. This financial solution is designed to help cardholders with low vision, to identify that they are using the right card only with the touch, by […]
In an effort to promote sustainability and the reduction of carbon emissions, Celsia and Chevron of Panama have announced an agreement for the installation and operation of a solar plant at the fuel terminal located in Bahía Las Minas, Colón. With an installed capacity of 4.03 MWp, this solar plant will allow Chevron to cover […]
Panama’s government expects to be a pioneer in the region through the centralisation of drug procurement. Law 419/2024, passed by the president on 1 February 2024, was created to guarantee the supply of medicines through centralised purchasing and as such, sanctions companies that fail to deliver medicines through a novel pharmacovigilance guide. This is the […]
Researchers have uncovered an ancient lord’s tomb filled with gold treasure —and sacrificial victims— at an archaeological park in Panama, officials revealed on Friday. The tomb, estimated to be about 1,200 years old, marks the area where an elite chief was buried along with possibly dozens of people who died to accompany him to the “beyond,” […]
Panama’s Electoral Tribunal has annulled the candidacy of former President Ricardo Martinelli in the presidential election set for May. The decision, announced late on Monday by the body’s president Alfredo Junca, appears to end Martinelli’s hopes of re-election. It comes a month after the former leader lost a bid to avoid a prison sentence for […]
The Food and Agriculture Organization of the United Nations (FAO) will implement two projects in Latin America and the Caribbean for a total of US$8.15 million, designed to strengthen the empowerment of rural women and promote sustainable development to address crucial challenges of climate change, food security and gender equality. The first project, called “Program […]