Category: Living & Investing
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Panama seeks to become a Pharmaceutical Hub
The pharmaceutical sector is focusing its efforts on the national distribution and manufacture of medicines through the promotion of the production of medicines in Panama.
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Panama’s economy grew 10% in the first half of 2021
Panama’s economy grew 10.0% compared to the same period of the previous year, reflecting the beginning of the recovery.
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Domestic tourism reactivates with an economic injection of $ 141.6 million
An estimated $ 141.6 million were generated during the national holidays celebration in Panama.
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Panama Metro begins construction of first station of Line 3
The Panama Metro reported that it has begun the construction of the first station of Line 3, which will link Panama with Panama Oeste, located in Ciudad del Futuro, in the district of Arraiján.
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MIEA increase reflects the recovery process of the Panamanian economy
The Monthly Index of Economic Activity (IMAE) accumulated from January-June 2021 showed an increase of 4.85%, compared to the same period in 2020. This growth reflected that the economy is in a process of recovery, after the impact of the health emergency by COVID-19, according to a report from the National Institute of Statistics and…
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Standard & Poor’s Reaffirms Panama’s Investment Grade at BBB
Standard & Poor’s (S&P) reaffirmed Panama’s sovereign rating at BBB , maintaining the country’s investment grade, while the outlook changed from stable to negative, basically due to the impact of the pandemic on the economy.
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Passenger movement increased through Tocumen International Airport
Tocumen International Airport reported that passenger movement increased in June by 24.9% compared to last May 2021.
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Millicom Announces $ 250 million Investment
Millicom has chosen Panama as the “Fintech Hub” for the entire region with a $250 million investment.
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Panama nominated to Tourism Oscars 2021
Panama has been nominated for the best “Leading Destination in the Mexico and Central America Region”, “Leading Beach Destination”, “Leading Destination for Business Travel” and “Main Nature Reserve”.
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Panama exports surge 54.2% in first quarter
Panamanian exports grew 54.2% in the first quarter of 2021, after reaching a total FOB value of $ 806.3 million.