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Peruvian Investors Look To Panama

On July 28, 2021 Pedro Castillo was  inaugurated as the next president of Peru in a closely contested election.  Castillo is a member of the left leaning Free Peru party, and has  alternatively been described as an agrarian leftist, populist and socialist by political analysts.  His meteoric rise to power has shaken Peru’s business and political elite, and has left many Peruvians fearing a …

30 Day Investor Visa for Panama

One of the things that make Panama such a great country for expats, is the ease to get residency in comparison with other nations. One of the most popular categories is the Friendly Nations visa, but with changes coming in the future to that program, many are starting to look around for other options. If you’re looking to call Panama your home, the 30 …

Panama to Grow 9.9% in 2021: World Bank

The World Bank has released their global estimated growth rates for 2021, and Panama is leading the pack.   Latin-America and the Caribbean have been one of the regions most economically affected by the COVID-19 health crisis, having suffered an  economic decline of 6.7% during 2020. However, there is light at the end of the tunnel, with forecasts estimating that the region will grow an …

3rd Line of Subway Breaks Ground

Panama City never stops growing, as evidenced in part by the city’s ever expanding Metro lines. Panama’s  Metro system has been of one of the capital’s most transforming infrastructure projects, and commencement of construction on the third line has been eagerly awaited. Hyundai Engineering and Construction, in conjunction with Posco E&C, will undertake the next phase of this engineering marvel. The third subway line …

New Multinationals Coming to Panama

Four new multinational enterprises are coming to Panama: Two from China, one from the United States of America, and one from Mexico, joining more than 160 multinationals that are already established in the country. Panama remains the country of choice for many international businesses due to its very generous SEM Program (SEM stands for Sede de Empresa Multinacional)   The SEM Program, which provides …

BaseCamp Establishes A New Tech Park In Panama

Panama has been actively on a  mission to become one of the world’s most important business hubs and has taken strong steps toward that goal in the last years. With over 160 registered multinationals in the country, many enterprises across the world have found their home in this Central-American nation, thanks to the generous benefits the country offers, and the list keeps growing every …

Panama Reopens and So Do Real Estate Companies

Despite quick implementation of extensive measures in March of this year to contain COVID-19, containing the pandemic in Panama has proven challenging.  Early encouraging numbers were followed by a spike in cases that has led to prolonged closings of businesses and strict stay at home measures.  In August, these measures finally beginning to result in reduced numbers of daily new cases, even in the …

Panama Is Reopening Its Economy

Panama’s response to COVID-19 has been noted as one of the earliest and most comprehensive in the Americas.  As a result, as many countries in the region are reaching peak case loads, Panama has avoided overburdening it’s medical system and ICU units,  and on Monday June 1st, begin to take the first steps towards reopening its economy. Panama’s measures to contain COVID-19 were early …

Foreign Investment Outlook in Panama Remains Strong for 2021

Despite a global pandemic, Panama is continuing to attract significant foreign direct investment in both real estate and infrastructure.  The country remains a top of investment destination in Latin American due to its extended record of economic growth, stable government, dollarized economy and favorable business environment.  In 2019, Panama received half of the foreign investment made in Central America ($6,578 million dollars) according to …

How Panama will emerge a winner coming out of COVID-19

Recently, Moody’s Investor Service, one of the most prestigious rating institutions in finance, estimated that Panamanian GDP per capita will be the highest in Latin America in 2021, making it, by one metric, the richest country in the region.  Just four years ago, Harvard Business Review identified Panama as one of 25 countries projected to grow the most over the next five years, and …

“Preparation Is Key”: Lessons from Panama’s Pandemic Response

A humanitarian aid center in Panama City LUIS ACOSTA/AFP via Getty Images     The country’s coordinated response is setting a template for others, but it’s not out of the woods yet. PANAMA CITY – “This Panama Papers stuff? It’s time to erase all that,” said President Laurentino Cortizo, during a live press conference on April 7. “That’s not the Panama the world has …

ROSA – The Cyber Automated Assistant in Panama’s Coronavirus Effort

(Panama City-ANPanama)  Panama’s automated assistant Rosa is another indicator of Panama’s rapid response in dealing with COVID-19.   Panama quickly developed and launched ROSA in March, and it is immediately proving to be another effective measure to contain the advance of the Coronavirus by helping to detect cases at an early stage, which is key to mitigating contagion and mortality. The Ministry of Health (MINSA) and …

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