2,219 entrepreneurs have benefited from the support fund for the birth, growth and consolidation of small and medium-sized enterprises. Economists ask for an ‘objective’ measurement of the criteria and results of the program that gives entrepreneurs up to $2,000 non-refundable From January to June 2022, the Micro, Small and Medium Enterprise Authority (Ampyme) disbursed approximately […]
An alternative to the Panama Canal is being proposed by a Florida-based transportation and infrastructure company named Zergratran. The company is seeking to raise $75 mn in funding to provide this alternative route for shipping containers. The project, named Puerto Internacional Las Americas (PILA) will be an 80-mile tunnel with magnetic propulsion that will be […]
Panama previously announced an offer to purchase for cash its outstanding 4.000% Global Bonds due 2024 (the “Bonds“) in an aggregate principal amount that will not result in an aggregate Purchase Price that exceeds an amount determined by Panama in its sole discretion (the “Maximum Purchase Amount“), subject to the terms and conditions contained in […]
Two University of Panama students and their professor became the first Panamanian visitors to arrive on campus as part of the Mennonite College of Nursing’s Transcultural Nursing Experience Program. Undergraduate University of Panama nursing students Aida Garcia and George Garibaldi, along with Dr. Lucero de Estrada, a professor of nursing at the University of Panama, […]
An integrated border post between Costa Rica and Panama, at Paso Canoas, is becoming closer to reality as representatives of both governments report talks are moving forward. The objective is to have a one-stop border post for people, vehicles, and merchandise by mid-2023. These actions are part of the application of the “Framework Agreement to implement […]
Panama will have three new scanners, which will be installed in Divisa, Guabalá (province of Chiriquí) and in the cargo area of the Tocumen International Airport. The Minister of Public Security, Juan Manuel Pino, reported that the scanners were acquired through the Speed Joyeros S.A. funds, for a cost of $7.6 million. The head of […]
The Republic of Panama announced today that it has commenced an offer to purchase for cash any and all of its outstanding 4.000% Global Bonds due 2024 in an aggregate principal amount that will not result in an aggregate Purchase Price that exceeds an amount determined by Panama in its sole discretion. As of November 21, 2022, there […]
The Vice President and Minister of the Presidency, José Gabriel Carrizo Jaén, inaugurated today Friday the temporary immigration reception station in San Vicente, province of Darién, through the Ministry of Public Security and the National Migration Service. The new facility will allow better attention to people who are in transit and heading to North America, […]
Panama received the flag of the World Robot Olympiad (WRO) on Saturday, which accredits it as the venue for international competition in 2023. The flag was received by the First Lady of the Republic and ambassador of Steam education for the Americas of the Pan American Foundation for the Development of the OAS (PADF), Yazmín […]
After a transfer of departure from the National Assembly of $3,672,286.00 to MIDA, subsidies will be given for agricultural producers The Budget Committee of the National Assembly approved two departure transfers for $1,840,266, to the Ministry of Agricultural Development (MIDA) for a low-interest loan to the Banana Cooperative of the Atlantic (Coobana) of Bocas del […]