News

In 2006, HSBC paid $770 million to acquire operations of Banistmo in the country and Central America.

The sale of HSBC Panama operations had been decided in May 2011, as part of a strategy proposed by the holding company to focus on its biggest markets in Latin America, which are Argentina, Brazil and Mexico, reported the legal representative and general manager in Panama, Guillermo Savignano, in a statement notifying the take-over by the Panama Superintendency of Securities.

The Government of Mexico, presided over by Enrique Peña Nieto, donated $5 million dollars to Panama and Costa Rica to conduct feasibility studies for a bridge over the Sixaola River.
Scientists from nine countries will assemble to promote biotechnology research, specifically in the algal and environmental fields, that will enable them to propose solutions to various problems.
Despite not having surpassed the numbers from 2011, tourism investment in lodging last year exceeded $400 million dollars for the second consecutive year. Reports from the  Tourism Investment Department of the Panama Tourism Authority (ATP) showed that 58 operation permits were given to hotel establishments last year.
Vacation is coming to a close. During the dry season, you can enjoy fauna, flora, sunshine and a gentle breeze with your children at the Summit Municipal Park. This natural gem is just minutes away from Panama City, and a great place to get away from the noisy city and relax.