Panama’s economy grew 13.5% last year compared to the previous year, the Central American country’s comptroller general said on Thursday, reporting a gross domestic product (GDP) landing at 76.52 billion Panamanian balboas ($76.5 billion). “Economic activities continued to recover during the year, thanks to the pandemic coming under control, allowing for the total opening of […]
Panama’s risk of contagion from banking woes in the United States and Europe is “very limited”, an official with banking regulator SBP said on Thursday, adding that local lenders have no exposure from interbank deposits or other investments. “We can count on a very solid banking system,” Amauri Castillo, an SBP superintendent, said at a […]
Committed to protecting the present and future of the environment, the financial institution BAC will launch its BIO card in Panama on March 10. It is of natural origin, made of inedible corn, which at the end of its useful life and is returned to the established points of BAC, will be composted, returning to […]
The President of the Republic, Laurentino Cortizo Cohen, received on Thursday the visit of the president of the World Bank Group (GBM), David Malpass, who makes an official four-day tour to Latin America and the Caribbean. Malpass shared with the Panamanian president issues related to global economic challenges, inflation, among others and recognized Panama’s progress […]
The electricity company Enel, during its participation in the Renpower Central America and the Caribbean, explained that Panama has a great advantage for the decarbonization of the energy sector, being a carbon-neutral country, and that it is very well positioned towards a green and sustainable energy transition. However, according to the statements of the country’s […]
Despite the projections of specialists in the field, around the effects of the inflationary situation on banking, to date, cardholders in Panama have not suffered the rise in interest rates on this type of product. This is detailed in a recent report by the Authority for Consumer Protection and Defense of Competition (Acodeco), published this […]
In order to join efforts in order to facilitate and intensify the relations of cooperation between the two institutions in areas of common interest, a cooperation agreement between the two recognized universities was signed in the Umecit auditorium. Within the framework of the event, the Rector of the University of Panama (UP), Dr. Eduardo Flores Castro, […]
The National Population and Housing Census 2020 has completed the census stage of registration and will now enter the post-censal phase, after 53 days of data collection. The National Institute of Statistics and Census (Inec) confirmed this Thursday that the enumerators visited 1,537,183 homes and censused 4 million Panamanians, which represents 90% of the estimated […]
New technology enabling the automated monitoring of moths has been put to rigorous testing in tropical conditions in Panama by an international team including researchers from UKCEH. Dr Tom August explains more… The rustling sounds of howler monkeys passing through the canopy is abruptly interrupted by a wail of excitement as one of our entomologists […]
Chinese manufacturers and exporters of electric vehicles, including motorbikes, bicycles and even scooters, have made a strong showing at the 2023 Panama E-Mobility Expo, underscoring their interest in promoting electric vehicles here. Designed to spur the sector’s development, the expo, running from Feb 25 to 26 in Panama’s capital, also drew companies from Germany, Colombia, […]