News

2021

  • Panama focuses on Vaccine Tourism - Panama approved a plan on Wednesday to vaccinate visitors in a bid to boost a tourism industry badly hit by the coronavirus pandemic, becoming the first Central American nation to offer vaccine doses to tourists. Many of Panama's neighbours have struggled to vaccinate lar... more

  • IMF says Panama’s economy will grow by 12.5% - The International Monetary Fund (IMF) described Panama’s economic “outlook” as “optimistic” and forecasts a 12% growth for 2021, after a 17.9% drop due to the pandemic last year, the Panamanian government informed on Wednesday. more

  • Promising forecast for economy of Panama - The World Bank has improved economic growth projections for all Central American economies for 2021, with Honduras, El Salvador and Panama having the most promising forecasts.  more

2020

  • Panama Canal sees signs of rebound in global trade - The Panama Canal is seeing signs of a rebound in global trade as ship transits recover from the depressed levels caused by the pandemic. Total transits through the waterway rose to 933 in July, from 845 in June, which was the fewest since the canal opened an expanded set of lo... more

  • Panama Canal sees 10,000 transits of neo-panamax - On Monday the 10th of August the Panama Canal marked its 10,000 transits through the expanded locks of the canal. This has been achieved in the same week when the Panama Canal celebrates its 106 years of operations.  "Reaching this mark just over four years after the opening o... more

  • Panama to Speed Up Trade with Mexico - On July 22, the Panamanian and Mexican authorities signed Decision No. 3 of the free trade agreement between the two economies. The document will become effective 45 days after its signature. Mexico is the sixth most important trading partner of Panama, a country with which it... more

  • Panama: Manufacturing services for multinationals - Recently the Panamanian government proposed a new regime focused on attracting multinational companies involved in manufacturing, assembly, maintenance, remanufacturing and conditioning of products, R&D and logistics services to companies from within the same business grou... more

  • Panama economy heading towards 5.5% growth - Panama”s economy is is advanced “in its recovery process”. and ”we expect economic growth for 2020 to reach 4.8% and climbing" said The International Monetary Fund (IMF) following an on-site evaluation. “We see that there is a clear recovery in the economy. We expect that econ... more

2019

  • Panama City's 500th anniversary - Panama City on Thursday marked the 500th anniversary of its founding by the Spanish on Aug. 15, 1519. Big blue butterflies and smaller orange and black ones were released by the hundreds to mark the day when Pedro Arias de Avila founded the city. The city’s old center, known a... more

  • Panama Canal 8.5% more revenue in 2018 - Panama Canal revenues totaled 2,513.2 million dollars in 2018, 8.5% more than the 2,316.3 million of the previous year, according to figures from the Institute National Statistics and Census (Inec) released on Wednesday. The revenue increase of 2018 is less than the 17.6% of t... more