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New Rules at Panama Canal Due to Drought

This week, the Panama Canal Authority announced new steps to keep ship traffic moving smoothly. The changes come because this month has been the driest...

Continued Protests in Panama Over Canadian Mining Deal

On October 29, President Laurentino Cortizo announced a public referendum, yet Panamanians continue to call for the termination of a Canadian mining agreement. On October...

Panama Exits Financial Gray List

The Financial Action Task Force (FATF) delisted Panama from its gray list, which monitors countries associated with money laundering and terrorist financing. Panama's Finance Ministry...

Panama Sets New Export Records in 2023

From January to July 2023, Panama achieved a seven-month export high, amassing $2.36 billion in revenue. A significant portion, $1.65 billion, came from copper exports. Compared...

Panama Canal Fee Cut in Response to Drought Year

The Panama Canal Authority (PCA) plans to lower the Freshwater Charge (FWC) starting October 1. The move aims to conserve water and manage shipping drafts....

Panama Struggles to Manage Surge in Migration

Panama faces a daily influx of migrants arriving from Colombia through the perilous Darien Jungle. In Bajo Chiquito, an indigenous village, authorities register them. Long...

Panama Eyes 6% Growth in 2023

The government of Panama raised its 2023 growth forecast from 5% to 6%. This information comes from a recent Ministry of Economy and Finance...

Panama Gears Up for Widespread Cryptocurrency Adoption

Forex Suggest ranks Panama ninth among countries ready for crypto use in 2023. The study focuses on key factors like public interest, legal status,...

Panama Canal Needs New Water Source

The Panama Canal faces a water shortage and Ricaurte Vásquez, its head, says an extra freshwater source is essential. The Canal aims to build a...

Shipping firms pay record sums for fast passage through Panama canal

Shipping firms are forced to pay record sums for fast passage through a backlog of ships waiting to traverse the Panama Canal. A drought exacerbated...

Panama is experiencing revival of the tourism sector

Panama is experiencing a steady revival of the tourism sector, said Denise Guillén, ATP General Administrator. At a presentation in Panama City, Guillén noted the...

Water shortage leads to year-round shipping restrictions in Panama Canal

Due to water scarcity, the Panama Canal will maintain shipping restrictions for a year, causing congestion in the major trade route. The Canal, which facilitates...

Opinion: Nature’s toll on trade – the Panama Canal climate crisis

(Opinion) The Panama Canal, an engineering marvel and linchpin of global commerce has been under severe duress recently. Reduced rainfall in Central America, accentuated by...

Martinelli brothers’ parliamentary candidacy could take Odebrecht case to Panama’s Supreme Court

The Central American Parliament (Parlacen) is reviewing a request from two sons of former Panamanian President, Ricardo Martinelli. Ricardo Alberto and Luis Enrique Martinelli, who...

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