Home Sales: Optimism in Panama


News from Panama

After the Preferential Interest Act was modified and the maximum limit for applying preferential interest to the purchase of homes was raised to $180,000, an 11% decrease in the inventory of available homes was reported. In September 2019, a bill was approved which establishes that for the purchase of homes for a value of between […]

February 9, 2020

TVN Media Acquires Radio Panama


News from Panama

TVN Media announced that it has signed an asset purchase agreement for Green Emerald Business Inc., which includes six open radio frequencies under the Radio Panama brand and the right to use the LOS40 brand. TVN Media reported that the contract was signed on January 24, 2020, an agreement that follows the company‘s corporate strategy […]

February 4, 2020

Panama: Proposal to Regulate Credit Cards


News from Panama

A bill has been submitted to the National Assembly proposing to prohibit the practice of advance discounts for late payments. The document also provides that banks agree to enter into a payment arrangement with the debtor when the customer is more than 90 days late in paying the loan. See “Panama: Loan Portfolio Still Rising” […]

February 4, 2020

FacePhi seals deal with Credicorp Bank in Panama


News from Panama

FacePhi  has signed a contract with Credicorp Bank, S.A., an operation which will reinforce its presence in Panama. The technology company, a leader in facial recognition within the financial sector, has been active in the Panamanian country since 2019. With this new agreement, the Spanish company shields its business relations with the financial institutions of […]

February 4, 2020

Panama: Line 3 Close to Being Awarded


News from Panama

After several complaints filed in the bidding process for the design and construction of Metro Line 3, the authorities decided to dismiss the allegations made by the ACPC Consortium and the company China Railway Group Limited. In December 2019, it was announced that the report of the evaluation board had been partially annulled and the […]

February 4, 2020