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 […]
From 9:00 a.m. next Monday, April 8, the First Court of Criminal Cases will hold the trial of 27 people accused of the crime of money laundering in the so-called Panama Papers case. The file, which consists of 528 volumes, involves directors of the law firm Mossack Fonseca and is derived from a journalistic investigation published by […]
With the certification as a commercial airline by the Civil Aeronautical Authority of Panama, the charter flight company Flytrip expanded its operations, to become the third 100% Panamanian company to enter the domestic flight market. According to the CEO of Flytrip, Jaime Fernándes, they will initially serve the routes of Bocas del Toro and Isla […]
In this edition, four countries will exhibit theatrical and dance works. Decentralizing the event is a pending task. The Foundation for Performing and Audiovisual Arts plans to hold the 13th version of the International Performing Arts Festival (FAE Panama 2024) from April 17 to 20. But it’s been 20 years since the FAE has promoted […]
The Development Bank of Latin America and the Caribbean (CAF) formalized a line of credit of $25 million with Banistmo to finance small and medium-sized enterprises (SMEs) in Panama, including those led by women and green projects. The signing of the agreement took place at the CAF Country Office in Panama City, with the participation […]
Panama stands out among the countries in Latin America that has the largest number of holidays scheduled for this 2024. According to the note published by Statista, according to the Public Holidays Global website, countries such as Argentina, Chile, Colombia and Puerto Rico would be the only ones that surpass Panama in this regard. Statista […]