Panama 🇵🇦 marked a historic milestone by becoming an Associate State of MERCOSUR, being the first country outside of South America to achieve this status within the trade bloc made up of Argentina, Brazil, Paraguay, Uruguay and Bolivia. The official… Read More »Panama Becomes Associate Member of MERCOSUR
This week Swiss-headquartered EF Education First published the 2024 edition of its English Proficiency Index (EF EPI). For the sixth consecutive year, the Netherlands 🇳🇱 is the country leading the global ranking, followed by Norway and Singapore. In Latin America, Argentina… Read More »EF Index 2024: Panama Scores Low on English Proficiency
End of last month the National Commission for Free Trade Zones has granted licenses to three new companies. They join 12 other companies that have entered the free zone regime since July, collectively contributing over B/. 60 million in investments.… Read More »Panama’s Free Zones Attract $37M in New Investments
Last Friday the Panama Canal announced that it is on alert due to the increase in water💧 levels of the reservoir lakes that supply the Canal. Gatun Lake is just less than one foot from its maximum capacity (see actual… Read More »Panama Canal on Alert due to High Water Levels
A new submarine cable system named MANTA is set to link Panama, Mexico, Colombia, and the United States, significantly enhancing digital connectivity across Latin America and the Caribbean. Developed by Liberty Networks and Gold Data, MANTA will be the first… Read More »New Submarine Cable System Connecting Panama, Mexico , Colombia and the U.S.
Panam LNG Bunkering is inviting shipping companies to submit expressions of interest (EOIs) for LNG bunkering services in Panama, as it prepares to begin operations in March 2025. The initiative is carried out in collaboration with Seaspan Energy, which will… Read More »AES Corporation inviting interest in LNG bunkering in Panama ahead of 2025 launch
Latin American Banks lag significantly behind in digital marketing maturity compared to other sectors Digital marketing investment in Latin America has grown by 67% in the last year. Latin American banking leads the investment, with ~40% of respondents investing over… Read More »Digital Marketing Opportunities to Unlock Growth for Latin American Banks
Yesterday morning October 30th, La Prensa Panama published a news article that the Netherlands 🇳🇱 had just included Panama 🇵🇦 on a “Black List of countries” with low taxes. Many other news sources in Panama also published about it, following… Read More »Fakenews Alert: Panama put on Netherlands Low Tax Blacklist
Last Tuesday the President of Panama, José Raúl Mulino, revealed that his government is evaluating the privatization of Tocumen International Airport in Panama City. The announcement was made during a business roundtable with 24 French multinationals during his official visit… Read More »Panama Considers Privatization of Tocumen International Airport
According to the latest IMF Regional Growth Outlook, that was published last Friday, the Top-3 growth countries in Latin America are forecasted to be Nicaragua (4% in 2024; 3.8% in 2025), Costa Rica 🇨🇷 (4% in 2024; 3.5% in 2025)… Read More »Nicaragua & Costa Rica top LATAM growth with 4%; Panama 10th with 2.5%
Last Tuesday Panama’s President presented a number of large scale projects to representatives of 24 French multinationals. The meeting took place at the HQ of the French Business Movement MEDEF in Paris during his official visit to France. In the… Read More »President Mulino Presents Megaprojects to French Multinationals
The transit of ships through the Panama Canal dropped 21% in fiscal year 2024 (Sep 23 – Sep 24), according to data published last week by the Panama Canal Authority. The drop from 12,638 to 9,936 transits* was the result… Read More »Panama Canal Transits down 21% in FY2024; Container Traffic Stable