No menu items!

You've searched for

Panama

Try a different search term for better results

Panama Cleared From EU’s Money Laundering List

The European Commission removed Panama from the EU's high-risk list, which identifies countries failing to combat money laundering and terrorism financing. This decision brought hope...

Panama Canal Widens Passage Opportunities for Maritime Trade

The Panama Canal Authority declared an increase in daily passages through its Panamax locks from 24 to 27, starting late March. This expansion aims to...

Panama Tribunal Blocks Martinelli’s 2024 Election Bid

In a new development, Panama's Electoral Tribunal barred former President Ricardo Martinelli from the 2024 elections. The decision follows a court's verdict sentencing him for...

Shipping Costs Spike, Key Role of Panama Canal

Container shipping saw a record rise in costs, up $500 in late December. This spike occurred amid disruptions on crucial sea paths, notably the...

Pre-Trial Clampdown on Former Panama Chief Martinelli

Judge Baloísa Marquínez ordered the detention of Ricardo Martinelli, Panama's former leader from 2009 to 2014, tied to a 128-month sentence for laundering money. This...

Panama Canal’s Revenue Up 14.9% in 2023 Despite Lower Cargo

In 2023, the Panama Canal's revenue increased by 14.9% to $4.968 billion despite handling less cargo, with only 511.1 million PC/UMS tons moved. Officials...

First Quantum Seeks $20 Billion over Panama Mine Closure

First Quantum Minerals unveiled capital restructuring plans on Wednesday to bolster its finances and slash debt, striving to meet its operational aims. The company's market...

Nicaragua Shields Panama’s Martinelli

Nicaragua has decided to offer political asylum to Ricardo Martinelli, the former President of Panama. This move, endorsed by Daniel Ortega's government, adheres to international...

Panama Upholds Martinelli’s Money Laundering Sentence

Panama's highest court confirmed Ricardo Martinelli's sentence of over 10 years for money laundering, tied to the "New Business" case. The decision also includes a...

Global Trade Reels: Suez and Panama Canals’ 20% Volume Hit

Global maritime trade, which accounts for 80% of international exchanges, is experiencing significant disruptions. Key routes, the Red Sea and the Panama Canal, face reliability...

Panama Canal Faces Revenue Drop in 2024

Ricaurte Vásquez, the Panama Canal's administrator, predicted a significant revenue decline for the fiscal year 2024 yesterday. He estimates a drop in toll income of...

Panama Airport Sets 2023 Passenger Record

In 2023, Tocumen International Airport in Panama handled 17,825,465 passengers, surpassing its 2019 record and achieving a new high. Raffoul Arab, the airport's manager, said...

Maersk Bypasses Panama Canal Due to Low Water Levels

Maersk, a major logistics and shipping company, has announced a change in its route due to low water levels in the Panama Canal, one...

Raising Wages: Panama’s Latest Move

The Panama Government has announced a two-year phased increase in the minimum wage, varying by business type. It ranges from 4.5% to 7.0%. Doris Zapata,...

Follow us