Panama rolls out new residency options


News from Panama

This just in from Sovereign Man, Simon Black.   If the idea of packing up and leaving has crossed your mind lately, you certainly aren’t alone. With so many people across the globe staring at a new wave of COVID lockdowns, higher taxes, more chaos in their cities, etc., heading out for greener pastures is a […]

November 18, 2020

Panama Canal Amends Tender for Water Management System


News from Panama

The Panama Canal has amended a tender for the engineering, design and construction of an optimized water management system after receiving more than 250 potential bidder inquiries following the opening of the prequalification period in September. The Canal has been grappling with unprecedented drought constrained water levels, and the tender is the first component of a program […]

November 16, 2020

Enel breaks ground on 26-MW solar plant in Panama


News from Panama

Italy’s Enel SpA (BIT:ENEL) has commenced construction of a 26.24-MW solar park in Panama’s province of Chiriqui. The company, through Enel Green Power Panama (EGPP), said today that the Esperanza photovoltaic (PV) solar plant is expected to be up and running in the first half of 2021. Esperanza is part of EGPP’s USD-50-million (EUR 42.5m) […]

November 16, 2020

Panama Revises Fiscal Rule Again but Still Aims to Cut Deficit


News from Panama

Fitch Ratings-New York/London-09 November 2020: Panama’s latest changes to its fiscal rule reflect the negative impact of the coronavirus, but the revised rule still envisages gradual deficit reduction over the next five years, Fitch Ratings says. The economic and fiscal impact of the pandemic, along with the development of credible consolidation plans, will be key […]

November 16, 2020

Telecoms: Business Upwards in Panama


News from Panama

Between 2018 and 2020, it is estimated that the demand for data services in the fixed and mobile network grew 2.5 times, a rise that can be partly explained by the need to work at a distance and receive educational services online. Because of the spread of covid-19 and the imposition of restrictions on mobility, […]

November 16, 2020

Edelman Bolsters Profile of Panama


News from Panama

Edelman has inked a $1.3M contract to bolster the profile of Panama in the US, UK and European Union via press relations and content development for earned and social media. Funded by the United Nations Development Programme, the contract was ironed out in Panama City on Sept. 24 via a zoom meeting with members of the […]

November 16, 2020

An interview with Morgan & Morgan discussing shipping in Panama


News from Panama

Lexology GTDT Market Intelligence provides a unique perspective on evolving legal and regulatory landscapes. This interview is taken from the Shipping volume discussing topics including sources of finance, compliance initiatives and foreign court decisions within key jurisdictions worldwide. 1 What is the current state of the shipping industry in your country? While 2019 was a […]

November 16, 2020