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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...

Panama Canal Adopts New Auction Slots to Tackle Congestion

The Panama Canal Authority (ACP) has launched additional auction slots as a creative solution for the canal's congestion, mainly caused by a prolonged drought. This...

Panama’s Economic Surge

Panama's economy grew by 8.7% in the first eight months of this year, a noteworthy achievement. The National Institute of Statistics and Census (INEC) provided...

Panama’s Economy Hit Hard by Cobre Panama Contract Protests

Panama's National Council of Private Enterprise (Conep) has reported major economic losses, estimating the damage at over $1.7 billion. These losses follow protests against a...

Panama’s Food Shortage Worsens, Supply Chain Disrupted

In Panama, a vegetable shortage at the pivotal Merca Panamá market is causing scarcities of essential foods like lettuce and potatoes, leading to rising...

Panama’s Mining U-turn Shakes First Quantum’s Value

Panama's Parliament terminated Minera Panama's extended contract, impacting the Canadian mining firm, First Quantum Minerals. They will not mine copper for another 20 years as...

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,...

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