PanamaDaily.news
View Topics

Category: Business

Coverage of Panama’s corporate world, markets, startups, and trade developments. We provide news, analysis, and practical insights for business leaders and entrepreneurs.

Prison Sentences of up to 18 Years Imposed for Drug and Money Laundering Offenses in Panama’s ‘Operation Fusion’.

Operation Fusion involved a total of 20 individuals and three legal entities (corporations) that, according to the prosecution, coordinated the reception, custody, transfer and shipment of illicit substances from Tocumen International Airport. The post Prison Sentences of up to 18 Years Imposed for Drug and Money Laundering Offenses in Panama’s ‘Operation Fusion’. appeared first on Newsroom Panama.

Because of El Niño and a Rainfall Deficit, the Panama Canal Reduces Daily Transit Slots to 34.

The Panama Canal Authority announced new preventative measures in response to a 34% reduction in accumulated rainfall and a 44% reduction in water inflows to the watershed during the current hydrological year. The adjustments will take effect on September 4. The post Because of El Niño and a Rainfall Deficit, the Panama Canal Reduces Daily Transit Slots to 34. appeared first on Newsroom Panama.

With a 7% ITBMS Tax on Purchases from Amazon – Temu – Netflix – and Other Platforms Panama Expects to Raise $100 Million in Taxes.

The tax will be levied on electronic transactions, primarily credit cards. The mechanism, which still needs to be regulated, has been discussed with banks and companies such as Visa, Mastercard, and American Express. The post With a 7% ITBMS Tax on Purchases from Amazon – Temu – Netflix – and Other Platforms Panama Expects to Raise $100 Million in Taxes. appeared first on Newsroom Panama.

Panama’s Meduca Contracted $28.4 Million for 54,000 Laptops for Teachers but Do They Meet the Requirements?

The Comptroller General’s Office will audit the purchase of 54,000 laptops for teachers for $28.48 million, while the Public Prosecutor’s Office investigates the process. The supplier’s technical specifications do not appear in the contract published on Panama Compra. The post Panama’s Meduca Contracted $28.4 Million for 54,000 Laptops for Teachers but Do They Meet the Requirements? appeared first on Newsroom Panama.

When Organized Crime in Panama Penetrates the Institutions – From the Police to the Assembly.

Citizens have protested in the streets of Panama against the infiltration of drug trafficking into politics. Police Chief Jaime Fernández admits he dismissed officers recruited by organized crime, while the Court investigates two congressional representatives. The post When Organized Crime in Panama Penetrates the Institutions – From the Police to the Assembly. appeared first on Newsroom Panama.

Panama Daily News is an independent digital news source covering breaking news, politics, crime, business, and culture across the Republic of Panama. From Panama City to Colón, Chiriquí to Bocas del Toro — we deliver the stories that matter, updated around the clock.
© 2026 Panama Daily News. All rights reserved.