Panama Business & Economy News

  JP Morgan believes the reopening of Cobre Panamá could represent 4% of GDP by 2027. The financial institution considers that the return of mining operations could become one of the main drivers of economic growth, public finances, and investor confidence in Panama. Source: El Panamá América (Panama Business Economy News). Panama continues to strengthen its position as one of the economies with the best growth prospects in Latin America. This is reflected in a recent JP Morgan report, which incorporates the reopening of Cobre Panamá into its baseline scenario for the second half of 2027 and identifies it as one of the factors with the greatest potential to boost the national economy in the coming years. The analysis is part of a broader assessment of the country's fiscal and economic outlook. In it, the institution highlights that Panama maintains favorable conditions for preserving its investment grade rating, supported by progress in fiscal consolidation, economic performance, a...

  Blacktower Financial Management Group unveils Panama consulting operation International investment and financial planning firm Blacktower Financial Management Group has received a licence to offer advice services in Panama. This follows the recent acquisition of a full broker-dealer licence for its Cayman entity and the group’s expansion into Swiss and Australian markets this time last year. Country ‘is a valuable addition’ to the firm’s regulatory footprint Source: International Investment Blacktower said that the Panama operation will offer a range of services, including overseas pensions advice, tax planning and wealth management. The services will be available to both residents and expats after the firm acquired the regulatory and licensing requirements needed to operate in the region. ‘Pivotal moment’ The firm also outlined the opportunity this presents for members of its adviser network, Nexus Global, which was established back in 2010. Gavin Pluck, group mana...