Capital City:

name: Panama City

geographic coordinates: 8 58 N, 79 32 W

time difference: UTC-5 (same time as Washington, DC, during Standard Time)

etymology: origin is unclear; may come from a Guaraní word meaning "place of many fish"

Definition:

This entry gives the name of the seat of government, its geographic coordinates, the time difference relative to Coordinated Universal Time (UTC) and the time observed in Washington, DC, and, if applicable, information on daylight saving time (DST). Where appropriate, a special time zone note has been added to highlight those countries that have multiple time zones. Finally, etymology explains how the capital acquired its name.

Source: CIA World Factbook