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foreign investment

Panama Wants More Business with the Caribbean.

The government has filed a request for entry as an observer to CARICOM and has proposed to the Caribbean block the start of negotiations for a free trade agreement.

The negotiation of a trade agreement with the bloc would increase the exchange of agricultural and manufactured goods, and improve the position of Panama as a logistics hub and tourist destination among the Caribbean countries.

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Panama Awards Renovation of Colon for $537 million

Against the background of the corruption scandal in Brazil which included the arrest of its president, Odebrecht and its partner Cusa have won the competition for the urban renewal of the city of Colon.

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Canal expansion bill could hit $6 billion

The price tag for the Panama Canal Expansion could reach $6 billion, almost double that of the original contract with $2.682 billion in claims for cost overruns demanded by the consortium GUPC for the design and construction of the third set of locks.

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Projects Annexed to the Panama Canal

A liquefied gas terminal, a farm of bunker tanks, pipelines and power generation projects are part of the ACP plans to begin this year. Continue Reading…

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Panamanian authorities plan to attract $5 billion of foreign investment to the country

According to the forecasts of Ministry of Economy and Finance (MEF), the inflow of Direct Foreign Investment (FDI) to the republic of Panama will be nearly  $5 billion in 2015.  It is a task that goes hand in hand with the work being conducted by the Government Investment and Export Promotion agency (Proinvex Panama), Ministry of Industry and Commerce (MICI), whose main challenge is attracting investors and promoting export.

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Panama highlights its Latin America business potential for EU

Melton Arrocha, Minister of Industry and Commerce of Panama, drew attention of European companies to Panama as the center for expansion to Latin America. Continue Reading…

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Panama: Colombian Hydroelectric Operations Start

The first of three turbines at Bonyic hydroelectric station have started generating electricity, a station built and operated by Empresas Públicas de Medellín, with an investment of $314 million, for a total of 32MW. Continue Reading…

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Cruise Port Project in Amador Resurfaces

Ruled out by the previous government of Panama, the proposal to build a cruise terminal in Amador has once again been brought to light at the hands of a group of private investors. Continue Reading…

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Panama is the best country to do business in Central America

Panama is the leading country in Central America in the new Doing Business rating  of 2015. Totally the country scored 69.2, placing it on the 52 of 189 countries. Continue Reading…

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Panama Canal Cruise Season Officially Begins

The Panama Canal cruise ship season has officially begun with the transit of the Coral Princess, in a repositioning voyage from Los Angeles, California to Ft. Lauderdale, Florida.

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