Category: Living & Investing

The Air Panama company announced its reactivation of direct flights between Panama City and the district of Pedasí, in the province of Los Santos, with a frequency of 3 weekly flights (Wednesday, Thursday and Sunday), which will boost tourism in that region.

The Panamanian government maintains conservative forecasts of economic growth of around 5% by 2022, according to the Minister of Economy and Finance (MEF).

The Panama Canal, one of the most important megaprojects worldwide, is currently celebrating 108 years of service for the international trade, as well as the constant maintenance of its structures and the preservation of water resources

On August 15th, Panama Viejo will celebrate the 503 years of its foundation by carrying out various activities in commemoration. It was the first city founded on the Pacific coast of Panama, and which marks history as a meeting place for the different routes and international trade.

The value of Panama’s exports in the first five months of this year 2022 amounted to $1,521.3 million, including copper shipments abroad, which represents an increase of 22% compared to the performance accumulated in the same period of the year 2021.

Tocumen International Airport is getting ready to advance the gradual transfer process of three of the air operators with international services that will process passengers in the new Terminal 2 (T2).

The estimate of the Gross Domestic Product (GDP) in the first quarter of 2022 presented a growth of 13.6%, compared to the similar period of the previous year.

The renowned risk rating agency Fitch Ratings affirmed the long-term international issuer risk rating (IDR) of the state-owned National Bank of Panama (Banconal) at “BBB-“, with a Stable Outlook; as well as affirming the local Long-Term rating at “AAA (pan)”, with a Stable Outlook.

Tocumen International Airport received the distinction of “Best airport in Central America and the Caribbean”, according to the satisfaction survey carried out by the consulting firm Skytrax.

Saudi Arabia and Panama have discussed the bases of mutual interest with a view to reaching agreements for future exchanges and possible projects linking both nations.