Panama Canal Reports Strong Economic Health and a Vibrant Future During its Q3 Market Call

The Panama Canal provided the third quarterly market update, by highlighting key achievements and forward-looking strategies in a call hosted by Managing Director of Emerging Markets Corporate Research at Bank of America Merrill Lynch Anna Milne. Panama …

Mutual Strength: SOCSOUTH Bolsters US-Panama Security Alliance

Panama and the United States continue to solidify their security alliance, reinforcing efforts through joint exercises, technical assistance, and strategic agreements. This collaboration aims to safeguard the critical Panama Canal and counter evolving …

Matildas sneak home against Panama

Ultra Cinemas of Panama to Investigate Boquete for a Movie Theater and Convention Center

The Ultra Cinemas Movie Theater Group is in the process of investigating Boquete as a movie theater and mini-convention center and has decided on a location.  They need the help of Boqueteños. The group would like to have a managing partner and investors.  …

Moody’s Confirmation of the Investment Grade is a Clear Sign of International Confidence in Panama’s Economic Potential

The Ministry of Economy and Finance reported this Wednesday that the international rating agency Moody’s Investors Service has confirmed Panama’s sovereign risk rating at Baa3, maintaining it within investment grade. The outlook remains negative, …

‘There will be no Retroactive Payment to Teachers’ says Panama President Mulino

President José Raúl Mulino rejected the teachers’ unions’ request for payment of salaries withheld during the strike, stating that this decision will set a precedent to prevent similar situations from happening again.  He also instructed Education Minister …

Panama urges Chiquita's return after shutdown

Panama's President, José Raúl Mulino, expressed commitment to persuading U.S.-based Chiquita Brands to restore its operations in Panama following the company's closure during protests that reportedly caused over $75 million in losses. In the …

Panama national in Pensacola pleads guilty to federal passport fraud

A 60-year-old Panama national living in Pensacola pleaded guilty to federal passport fraud, the U.S. Attorney's Office announced July 10. Celso Javier Melgar obtained a Business and Pleasure Visa in 1998 and moved to the U.S. from Panama, and in 2003 …

Panama Eliminates Incentives for Homeporting Cruise Ships

People often say that “if you don’t use it, you lose it” when referring to practicing a skill. According to the Panama Government, this logic also applies to cruise tourism incentives. In 2019, Panama launched Executive Decree No. 35 to encourage the …

Panama Canal Maintains Full Draft Through Dry Season

The Panama Canal has maintained its full 50-foot draft through this year’s dry season, avoiding the shipping disruption seen during previous years. Image Credit: ACP The Panama Canal Authority (ACP) has confirmed it maintained its full 50-foot draft …