AMERICAS: Panama sees 19.8% increase in H1 bunker sales

11 Jul In a report published yesterday (10 July) the NGO Transport & Environment (T&E) has claimed that the European Investment Bank (EIB) lent more than €7 billion between 2021 and 2024 for a range of ‘dirty transport projects’ that will increase …

Panama’s President Insists on Replacing Striking Teachers with No Retroactive Pay

Teachers are demanding reinstatement without retaliation and a review of Law 462, while the Executive Branch rules out retroactive pay, maintains replacement measures, and the Legislature sees its ability to find solutions to the teachers’ strike limited.

Matildas sneak home against Panama

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 …

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, …

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 …

‘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 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 …