To foster new opportunities for investment and collaboration, Panama has been actively engaging in discussions with international partners across various sectors. Recently, Panama’s Minister of Trade and Industry, Julio Moltó, participated in a video call with Gennadiy Chyzhykov, the president of the Chamber of Commerce and Industry of Ukraine. This meeting aimed to explore potential […]
Renaissance Hotels has opened its first establishment in Panama City, Renaissance Panama City. The hotel is located in the financial heart of the Panamanian capital and a few minutes from Cinta Costera, a promenade overlooking the Pacific Ocean. It is a very visited destination, both by residents and tourists, by combining nature, leisure and urban culture. Renaissance Hotels, as Brian King, […]
The President of the Republic, José Raúl Mulino, clarified this Thursday that there will be no restrictions on the import of medicines, apart from those already established in article 358 of Executive Decree No. 27 of May 10, 2024. The president’s remarks come after the reactions to Communiqué No. 111 of the National Directorate of […]
The Committee for the Protection of the Marine Environment of the International Maritime Organization (IMO) has made important progress in the creation of binding rules to reduce greenhouse gas (GHG) emissions in maritime transport. At the 82nd session of the committee, held from September 30 to October 4, 2024, the Member States developed a draft […]
With the intention of strengthening its network in Latin America, the company DP World, one of the world chains in logistics and supply chain, announced that it has opened an Integrated Logistics Services office in Panama City. According to the company, this expansion seeks to transform the local logistics sector through advanced infrastructure and innovative […]
In the official gazette on Wednesday, October 16, the decree was promulgated which the Republic of Panama agrees to a financing of US$ 1 billion with the JP Morgan Chase bank. According to the document, these funds will be used to support and finance the 2024 budget, and a six-month (4.4% at this time) plus […]
Panama is at the est of a transformation in its financial market with the possible regulation of cryptocurrencies and the tokenization of assets, according to specialist Alfredo Muñoz. In the conversation “Approximation to the Regulation of Digital Assets in Financial Markets”, held this week, Muñoz highlighted that regulation promises to revolutionize the management of financial assets. “The […]
The Federal Trade Commission (FTC) announced that consumer protection agencies from Costa Rica, the Dominican Republic, and Panama have joined a 2023 multilateral agreement with agencies from Chile, Colombia, Mexico, and Peru. This agreement, known as the Multilateral Memorandum of Understanding (MMOU), is focused on encouraging cooperation to combat cross-border fraud and illegal practices. By […]
The Spanish ambassador also showed interest in investing in infrastructure such as the Panama David train The Spanish ambassador, Guzmán Palacios, indicated that his country supports Panama to get out of the black list of tax havens in which the European Union (EU) insists on maintaining it. He reiterated that Spain will provide firm support […]
The risk rating agency Standard & Poor’s (S&P), ratified the long-term international rating of the Central American Bank for Economic Integration (BCIE) in “AA”; with a stable outlook. According to the rating agency, this ratification reflects the financial strength of the BCIE, based on a prudent administration of its balance sheet through conservative financial policies. […]