As of June 2023, the accumulated profits of the first half of the banks of the International Banking Center (CBI) totaled US$1,437 million, a figure that represents an increase in profits of 51.2% in the same period of the previous year, according to figures from the Banking Activity Report (IBF). According to the IBF, this […]
First Capital Group, the largest financial advisory company in Latin America, announced the opening of its new offices in Panama. In Panama it will provide various specialized services to meet financial and strategic needs, including Financial Advice; Financial Restructuring; Mergers and Acquisitions; Securitizations, Debt Issues; Valuations and Infrastructure Advisory. These new offices in Panama constitute […]
Panama is one of the favorite places to live the retreat in Latin America and could take advantage of it to generate economic and social value through innovation, entrepreneurship and inclusion. Based on the above, authorities and specialists presented a proposal for Panama’s positioning as a “silver economy hub” and a program of national and […]
A Panamanian court sentenced former President Ricardo Martinelli to more than 10 years in prison for money laundering, the attorney general’s office said on Tuesday, threatening the front-runner’s bid for a new term next year. Martinelli stated his innocence following the decision in the case, known as “New Business,” which alleges public funds were used […]
Panama will be the new headquarters of the Central American Regional Office of the International Telecommunication Union (ITU), after being approved by consensus of the Member States its transfer from Tegucigalpa, Honduras where it is currently located. A source from the Panamanian Foreign Ministry announced that the permanent representative of Panama to the United Nations (UN) […]
Panama, a thriving Central American country known for its stunning landscapes, warm climate, and diverse culture, has emerged as an attractive destination for expats seeking a high-quality lifestyle at an affordable cost. In recent years, this tropical paradise has gained popularity among retirees, investors, and families looking for a new home. In this article, we […]
Washington has barred former Panamanian President Juan Carlos Varela Rodriguez from entering the US over alleged corruption, US Secretary of State Antony Blinken said on Thursday. The former president has been charged with money-laundering in Panama alongside other high-ranking figures.
A group of Panamanian research engineers from the Technological University of Panama (UTP), developed a system that uses drones equipped with hyperspectral technology, for the detection of corrosion levels on the metal surfaces of ships. This initiative is about the project “Development of a rapid inspection platform for marine ships based on remote sensor techniques”, […]
The United States Embassy in Panama delivered on Thursday, July 13, to the National Customs Authority (ANA) four Rapiscan Eagle M60 scanners and other elements, with a value of 15 million dollars, for port and customs control. With this new donation, “the U.S. Government seeks to support the efforts of the Panamanian Government’s program ‘Invisible […]
The Food and Agriculture Organization of the United Nations (FAO), together with CAF -development bank of Latin America-, the Asian Development Bank (ADB), the European Bank for Reconstruction and Development (BERD) and in a strategic alliance with the Intergovernmental Oceanographic Commission of UNESCO (IOC-UNESCO), will allocate up to US$115 million to help countries With this […]