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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,...

Potential Solutions for Panama Canal Crisis Divide the Nation

In 2023, the Panama Canal faced its driest year, exposing stumps of a century-old flooded forest. These remnants should be submerged despite the usual rainy...

Panama’s Bold Economic Forecast: 7% Growth in 2023

President Laurentino Cortizo of Panama forecasts a 7% increase in the country's GDP for 2023, alongside a 1.6% inflation rate. In his final address at...

Panama’s Economic Forecast: Growth and Upcoming Hurdles

Panama closed 2023 with an impressive 5 to 6 percent economic growth, marking a significant achievement both regionally and globally. Yet, 2024 looms with its...

Panama Extends Climate Emergency Amid Ongoing Drought

Responding to the prolonged drought, the Panamanian government has extended the National Environmental Emergency until May 31, 2024. Initially set to end on December 31,...

Panama Plunges into Blackout Before Christmas

Panama faces a partial blackout before Christmas Eve, as a power system failure disrupts electricity and water supplies. Local companies and authorities reported the issue...

Panama Canal Adapts to Climate With Increased Transits

The Panama Canal Authority (ACP) today announced a significant increase in daily transits to 24 starting in January. This decision eases the operational restrictions initially...

Panama’s High Court Challenges Future of Major Copper Mine

Panama's Supreme Court has recently ruled against First Quantum Minerals Ltd.'s mining contract, shaking the foundation of one of the world's largest copper mines. The...

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