By: Staff Writer October 17, 2023 The administrator of the Panama Canal Authority (ACP) said that they are giving ships wishing to pass through the zone 21 days of lead…
Category: PANAMA
Panama Canal drought traps 200 plus ships!
By: Staff Writer August 25, 2023 The Panama Canal Drought has trapped over 200 ships in its muddy slush, some unable to move for over three weeks. Climate change is…
MPC Energy Solutions’ results for the first half of 2023 surpass full-year numbers reported for 2022; new development activities in Panama and El Salvador
August 4, 2023 MPC Energy Solutions (MPCES, Company) announced its H1 2023 results today. MPCES generated 40.4 GWh of electricity from its power-generating projects in the first six months of…
Panama: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Panama
March 28, 2023 Panama was hit hard by the covid-19 pandemic, but the recovery has been strong. GDP expanded by 15.3 percent in 2021 and a projected 9 percent in…
IMF Executive Board Concludes 2022 Article IV Consultation with Panama
March 28, 2023 On February 22, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation. [1] In the decade-and-half preceding the Covid-19 pandemic, an unprecedented…
Panama: Technical Assistance Report-Macroprudential Policy Frameworks
February 14, 2023 At the request of the Superintendency of Banks of Panama (SBP), IMF’s Monetary and Capital Markets Department (MCM) provided two technical assistance (TA) missions in 2021 on…
Panama Leads Region With Projected 7% Growth – ECLAC
August 26, 2022 The Economic Commission for Latin America and the Caribbean ( ECLAC ) forecast on Tuesday a growth of 7%, for Panama the best for the Central American…
Panama: Second Review Under the Arrangement Under the Precautionary and Liquidity Line-Press Release; Staff Report; and Statement by the Executive Director for Panama
August 23, 2022 Despite continuing challenges from the COVID-19 pandemic and new risks emanating from global uncertainties, a combination of sound policy measures and a resolute vaccination program have supported…
Banistmo to use Lleida.net’s electronic signature services via a new contract
June 14, 2022 Panamanian bank Banitsmo has contracted the SaaS services of Spanish listed company Lleida.net (BME: LLN) (EPA: ALLLN) (OTCQX: LLEIF) to manage its account opening and collection processes. In…
UPDATE ON DIGICEL PANAMA
April 8, 2022 Digicel Group Holdings Limited (“DGHL“) today announces that Digicel Panama S.A. (“Digicel Panama“) intends to apply for voluntary liquidation and withdraw from the telecommunications market in Panama. This…
Panama will Advance in its Digital Transformation with IDB Support
March 11, 2022 THE $60 MILLION LOAN WILL SUPPORT THE STRENGTHENING OF THE CENTRAL AMERICAN COUNTRY’S INNOVATION ECOSYSTEM Panama will promote the digital transformation of management and public services with a $60 million…
Six Diamond Resorts International Sues Blue Sea Holdings, LLC d/b/a Red Frog Beach Resort
January 14, 2022 Six Diamond Resorts International and several of its principals filed suit in state court in Utah against defendants Blue Sea Holdings, LLC, Oceans Group International S.A. d/b/a Red Frog Beach Resort,…