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Panama Property News

Canal Revenue Jumps 14.4%

Canal Revenue Jumps 14.4%

The Panama Canal, which remains a key driver for Panama’s economy, posted strong operating results for the past year, including boosts in transits and revenue. The Canal closed the year with $5.7 billion in revenue, a 14.4% increase from the…

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Obarrio Targeted for Major Renewal Project

Obarrio Targeted for Major Renewal Project

Panama City is moving forward with a project to transform Calle 50 in Obarrio, focused on developing a more “walkable, green, and humane city.” This initiative fits nicely with plans for MOVA by B&B Italia, the new residential development in…

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Panama Economy Forecast For Robust Growth

Panama Economy Forecast For Robust Growth

The latest report from the International Monetary Fund (IMF) predicts strong and consistent economic growth for Panama, despite the global turmoil. Panama’s economy is expected to grow at 4% annually for the next two years, well above the regional average, according…

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Panama Pacifico Driving Economic Growth

Panama Pacifico Driving Economic Growth

A few minutes from downtown Panama City, Panama Pacifico, one of the largest mixed-use developments in the region, continues to expand and attract companies from around the world. In a recent interview,  the administrator of the Panama Pacifico Agency, Javier…

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