The Panamanian government signed a $2.2 million railway consultancy contract with the American engineering firm AECOM to update the Panama-David-Costa Rica border Railway Master Plan. The contract was signed by the Secretary of the Railway, Henry Faarup, and the country… Read More »Panama Contracts US firm AECOM to Update Mega Railway Project
The Panama Canal Authority (ACP) is inviting consulting firms to participate in a market study. The purpose of this market study is to gain knowledge of the capabilities, qualifications, and availability of interested parties for providing advice regarding project management,… Read More »Information Request for Project Management Services for the Rio Indio Project
With the incorporation of the latest two new companies into the Panapark Free Zone, Panama closed 2024 with 21 new companies in its Free Zones. The 21 companies represent a joint investment (initial and future) of 187.5 million dollars. The two new companies were Balboa Exports, of Spanish capital, and ICL… Read More »Panama Closed 2024 with 21 New Companies in Free Zones
Last month OLADE, Latin America’s Energy Organisation, presented the “Energy Outlook for Latin America and the Caribbean 2024”. A report that compiles energy data, regulation and policy initiatives and projections to 2050 from its 27 member countries and highlights the… Read More »OLADE presents “Energy Outlook for Latin America and the Caribbean 2024”
In the first quarter of 2025 Panama will open the largest lubricant oil recycling and green lubricant production plant in Central America and the Caribbean. Located in Panama Logistics Park (PLP), the Afluena Oil company will have the capacity to process… Read More »Panama To Host Central America’s Largest Lubricant Oil Recycling Plant
A total of twelve new firms 🏙️ received their Multinational Company Headquarters (SEM) licenses in 2024, generating a total of B/. 24.2 million in investments. The firms were from Argentina, Belgium (2x), China (2x), Ireland, Guatemala, Japan, Jamaica, and Singapore.… Read More »Twelve Multinationals Established Headquarters in Panama in 2024
Earlier this month GaTech Panama published their fifth and final report in their medical device white paper series: “Panama as a Strategic Supply Link for Medical Devices”. The report spotlights Panama’s current role in the global medical device supply chain,… Read More »Panama as a Strategic Supply Link for medical devices
Air Transport contributes 8.2% to Panama’s GDP, according to International Air Transport Association (IATA). Approximately 8.2% of Panama’s gross domestic product, or more than $6.8 billion annually comes from the country’s aviation industry. Two weeks ago the International Air Transport… Read More »IATA: Air Transport contributes 8.2% to Panama’s GDP
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