Category: Living & Investing
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Tourist Arrivals in Panama Surge by 8.7% in First Half of 2024
In the first half of 2024, Panama saw a notable 8.7% increase in foreign tourism, welcoming 1,443,424 visitors—an impressive 115,245 more than during the same period in 2023, according to data from the Panama Tourism Authority (ATP). Tocumen International Airport received 1,029,528 visitors which is a substantial 15.8% rise compared to the 889,415 who arrived…
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Tocumen Airport plans another expansion
The Tocumen Airport is planning an expansion for the air terminal which will include the construction of a third runway and between 8 and 10 boarding gates. The newly build terminal 2 has failed to meet the high demand after only two years of operation. The construction of the third runway will have an estimated…
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Tocumen International Airport Reports Passenger Surge in June 2024
Tocumen International Airport processed 1,624,774 passengers last June, an increase of 183,408 compared to the same month last year.
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Beach Corridor Expansion Achieves 78% Completion
The Beach Corridor Expansion project, section 1: La Chorrera – Santa Cruz located in the province of Panamá Oeste, has a progress of 78% according to the Ministry of Public Works.
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Panama’s tourist income increased 8.4% in the first quarter
The Panama Tourism Authority (ATP) indicated in a report that, during the first quarter of 2024, Panama’s tourism revenues exceeded those achieved in the same period of the previous year by $123.5 million, which represents a growth of 8.4% in relation to 2023.
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Panama wins best Leisure Destination in Latin and South America for the Third Consecutive Year
For the third consecutive year, Panama City has been honored as the “Best Leisure Destination” in Latin and South America by the Leisure Lifestyle Awards.
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Panama’s Leap into 5G Technology
Cable & Wireless Panama has announced the start of their fifth generation telephony tests in Panama.
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CSS Inaugurates Polyclinic in Penonomé
A new specialized polyclinic from the CSS was recently inaugurated in Penonome, with an investment of $23..2 million.
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Highway inaugurated in Boca Chica, Chiriquí
The new Pan-American Highway in Boca Chica has an extension of 30 kilometers and developed through the Ministry of Public Works (MOP) with an investment of $23,877,998.66.
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New Home Port inaugurated in Amador
The new Cruise Terminal was recently inaugurated in Amador with an investment of $206 million. It is projected to increase Panama’s competitive advantages and positions itself with the best connectivity in the region.