Hong Kong’s CK Hutchison says its $23 billion ports sale, including two key Panamanian ports, will not close this year as it awaits Beijing’s approval for the transaction with a BlackRock-led consortium. The deal, announced in March, would transfer 43… Read More »CK Hutchison: No Panama Ports Deal This Year
Earlier this week Inter IKEA Systems B.V. announced that it has granted the Sarton Group the exclusive IKEA franchisee rights for Panama 🇵🇦 & Costa Rica 🇨🇷. Inter IKEA Systems B.V., HQ-ed in the Netherlands, is the global IKEA franchisor and owner of… Read More »IKEA to Open Stores in Panama & Costa Rica
In July Spanish Tech Startup 🚀 HaloTech successfully raised €10 million in a funding round that places its pre-money valuation at €100 million. The investment will support the expansion of its AI -powered workplace safety platform (“Safety as a Service”)… Read More »Spanish HaloTech Plans Expansion from Panama with €10M Investment
Earlier this month A.P. Moller – Maersk has launched a new logistics 📦center in Panama Pacifico as a gateway to Latin America markets 🌎. Situated in a Special Economic Zone on the country’s Pacific side, the 20,000-square-meter facility is built to function as a… Read More »Maersk Opens New Logistics Center in Panama Pacifico
At the end of last month Panama’s Tocumen International Airport ✈️ announced an ambitious expansion of its Terminal 2. In 2026, the airport expects to start the bidding process for the construction of between 10 and 12 new gates, increasing… Read More »Panama’s Tocumen Airport Plans Major Terminal Expansion
Panama Growth Picks Up on Canal-Driven Trade Activity Economic growth in Latin America and the Caribbean (LAC) is expected to hold steady at 2.3% in 2025 and 2.4% in 2026. This marks a downward revision of 0.2% from the WB… Read More »Steady but Modest Growth Ahead for Latin America
Panama officially launched the new “Santiago Solar” ☀️⚡️ park last week— a $70 million project by the Naiad Renovables Group with the capacity to generate 86,333 megawatts peak (MWP). This marks another step forward for renewable energy 🌱 in the… Read More »Panama Launches New $70 Million Solar Park
🇸🇪 Last month the Panamanian Vice Minister of Industry & Commerce, Eduardo Arango, met with the Swedish Business Commissioner for Mexico and Central America, Helena Carlsson, in a meeting that opened up business opportunities between the two countries 🤝. Helena… Read More »Sweden & Panama Explore Business Opportunities
Spanish infrastructure company OHLA won a new contract to carry out the renovation and improvement works of the East Pan-American Highway. The project is expected to cost $260 million and covers approximately 246 kilometers of highway between Panama City to Yaviza in the Darien province. The projects includes… Read More »Spanish OHLA Wins $260 million Road Contract in Panama
At the end of May the Ministry of Commerce & Industry (MICI) approved the establishment of two new Multinationals Headquarters (SEM) in Panama: Tri Marine Group Latam, S.A., a leading Italian firm 🇮🇹 in the supply of tuna products and… Read More »Multinationals from Italy & Mexico Establish Headquarters in Panama
Earlier this month the Panamanian Ministry of Public Works (MOP) announced it will tender $200 million in road projects 🛣️ over the next three months. The projects are located in various regions of the country, including Darién, Panama, Western Panama, the… Read More »Panama to Tender $200 million in Road Projects over the Next Three Months
Panama launched Finhub 🚀, a Financial Innovation Hub to connect regulators with Fintech companies. The goal is to encourage innovation, improve financial inclusion, and strengthen the stability of the system. It was launched in May. Via the Finhub Online Platform… Read More »Panama Launches Financial Innovation Hub