Category: Business

Upon completing his diplomatic mission, Sumit Seth announced efforts with health authorities to introduce Indian pharmaceutical companies that would reduce costs and increase competition in the country. The post Opening the Door to Cheaper Medicines: Indian Ambassador Bids Farewell to Panama appeared first on Newsroom Panama.

Panama’s BAC International Bank filed a criminal complaint over forged contracts used in Operation Pandora, but the public prosecution initially shelved the case. The post Fake Contracts Were Used in Operation Pandora: Panama’s BAC Complained that the Prosecution Ignored that Fact appeared first on Newsroom Panama.

Phase one of the Gorgas Campus went from $68.4 million to $72.4 million after a $4 million addendum for adjustments to the foundation due to soil conditions. The post The 4 Million Cost Increase of Phase One of the Gorgas Campus to $72.4 Million was Due to Site Conditions appeared first on Newsroom Panama.

The alternative audit has already identified nine operational failures, including serious deficiencies, among them reforestation, environmentalists say. The post The Audit of Cobre Panamá is Questioned by Environmentalists, who Ask that it not Define the Future of the Mine appeared first on Newsroom Panama.

Panamanian banks recorded profits of $2.681 billion in 2025, ranking sixth in the region, according to Felaban. With fewer than five million inhabitants, Panama ranked among the six most profitable banking systems in Latin America. The post With Record Profits in the Region, Panamanian Banking Defies the Size of its Economy appeared first on Newsroom Panama.

Below is an artist’s rendition of what Puerto Barú will look like when completed. The post A Final Decision on the Puerto Barú Project is Called for by the Maritime Chamber appeared first on Newsroom Panama.

Businessman Albert H. Nahmad is estimated to have amassed a fortune of $1.3 billion, according to the magazine’s most recent ranking. The post Among the 130 Richest Immigrants in the United States According to Forbes is a Man from Colón Panama appeared first on Newsroom Panama.

Pictured below is Felipe Chapman, Minister of Economy and Finance. The Cabinet Council approved this Wednesday, July 29, the general state budget for the fiscal year 2027, which amounts to $35,111,075 million. This represents an increase of $210.9 million, compared to the current budget. The post $35,111 Million is the Panama State Budget for the Fiscal Year 2027 appeared first on Newsroom Panama.

“Seeing the glass half full doesn’t mean ignoring the problems. It means acknowledging them and working on solutions,” the CCIAP points out. The post To Boost Employment and Investment, CCIAP Calls for a Shift from Pessimism to Solutions appeared first on Newsroom Panama.

“Seeing the glass half full doesn’t mean ignoring the problems. It means acknowledging them and working on solutions,” the CCIAP points out. The post To Boost Employment and Investment, CCIAP Calls for a Shift from Pessimism to Solutions appeared first on Newsroom Panama.

Panama and the Philippines agreed to promote a joint agenda aimed at strengthening trade, investment and business cooperation. The post A Joint Trade and Investment Agenda Between Panama and the Philippines Has Been Agreed Upon appeared first on Newsroom Panama.

These are the 2 Agricultural Fairs of the Institute of Agricultural Marketing (IMA) that have been scheduled in Panama for July 27. With the goal of offering basic food items at affordable prices, sales at both locations will begin simultaneously at 8:00 am. The post Monday at the Farmers’ Markets: Discover the 2 Places with Low-Cost Food For Sale appeared first on Newsroom Panama.

Panama has a pharmacy specializing in the sale of products derived from this plant. Pharmacies and distribution agencies that wish to market medicinal cannabis derivatives must modify their operating license and comply with new requirements established by the Ministry of Health. The post This Changes Things for Panama Pharmacies: Medical Cannabis Gains Ground appeared first on Newsroom Panama.

The Panama Canal expects revenue to exceed its $5.2 billion forecast for fiscal 2026 after the closure of the Strait of Hormuz drove more ships through the waterway connecting the Caribbean Sea and the Pacific Ocean. The post Panama Canal Sees Revenue Beating Forecast After Hormuz Closure appeared first on Newsroom Panama.

Note on Language: The term “cigarette butts” is a literal translation error from the Spanish word “colillas”. In Panamanian and airport slang, “colillas” refers to luggage ticket stubs or baggage claim tags, not actual cigarette butts. In Operation Fusion, vehicles and cash were seized. The post Operation Fusion: Drug Officials were Found Guilty of Switching ‘Cigarette Butts’ (Baggage Claim Tags) On Suitcases to Send Drugs to Europe appeared first on Newsroom Panama.

The IDB anticipates that around 1.58 million people will benefit from “actions aimed at strengthening prioritized care pathways and medicines.” The post Panama is Granted a $40 Million Loan to Modernize its Health System from the Inter-American Development Bank (IDB) appeared first on Newsroom Panama.

The Albrook urban plan, promoted by the Government on the land located behind the metro station, has generated questions from urban planners and community organizations, who consider that the initiative contradicts the land use established in Law 21 of 1997 for the reverted areas. The post Debate is Underway on the Use of Land in Reverted Areas of the Urban Project in Albrook appeared first on Newsroom Panama.

Banco BISA, one of Bolivia’s leading financial institutions, will open an office in Panama after receiving… The post The Arrival of Banco BISA from Bolivia: Panama Welcomes Another International Bank appeared first on Newsroom Panama.

The president announced that he will present to the National Assembly a package of four or five laws to reactivate the economy, boost construction, promote private employment and facilitate access to lower-cost housing. The post Panama President Mulino Says that he will Make Changes to the Preferential Interest Rate and Eliminate the ITBI (Property Tax) on Homes appeared first on Newsroom Panama.

Once this evaluation is completed, the Panama Canal Authority will publish the list of prequalified companies with which it will advance to the next phase of the process. The post Panama Investment Estimated at $4.2 Billion: Canal Closes Document Submission for Gas Pipeline appeared first on Newsroom Panama.