The schedule for reopening economic activities, presented by the national government, maintains uncertainty, and continues to punish the economy. According to the main leaders of the business associations, the Cortizo administration’s calendar prolongs the closing of businesses too long, causing more unemployment, and unnecessarily postponing essential activities for the country. The vast majority of Panamanian […]
At least 400 health professionals hired by the Ministry of Health have not been paid since they began work combating the pandemic in March. The Minister of Health Luis Francisco Sucre requested a transfer of funds this week to pay health personnel their salaries, which totals to around $6 million. An additional $4 million has also been […]
Panama, like most of the world’s nations, is making plans to realize the carbon reduction pledges it made in Paris in 2015. Part of those plans is the National Electric Mobility Strategy, which prioritizes low carbon solutions to transportation within the country. Part of that strategy is to increase the number of battery electric buses […]
Desperate migrants from across the globe are increasingly braving Panama’s Darién Gap – considered the most dangerous jungle in the world. Most come from the Caribbean, Africa and Asia, starting in South America and traveling north, funneling through the gap in hopes of eventually reaching the United States by land. Many die en route, and […]
In the public tender held in Panama to design, build and finance the interconnection of the Cinta Costera 3 with the Calzada de Amador, Consorcio Amador and Consorcio Cinta Costera submitted their proposals, which amounted to $55 million and $44 million, respectively. Consorcio AMADOR, made up of the companies Meco, S.A. and Puentes y Calzadas e […]
The commitment to long term rentals instead of vacation rentals, preference for larger residences and innovation in the marketing tools of the projects under development are some of the changes expected in the coming months, which could set a new pattern in the sector. The health crisis caused by the spread of covid-19 ended up changing consumer […]
Here is a great article from Sovereign Man on the realities of travel today. Today’s Notes from the Field is a little bit different. As you’ll notice instead of Bahia, this letter is coming to you from Dubai, UAE. And, is penned by a Sovereign Woman. Hi, I’m Viktorija, for those who don’t know me […]
Because of the new commercial reality that has emerged in an accelerated manner and with the boom of telecommuting, potential buyers are more inclined to buy an individual home, which offers more privacy, than an apartment. With the spread of covid-19, strict home quarantines were decreed in Central American countries. This scenario encouraged the implementation of telecommuting and […]
Products that offer a refund in the event of having to cancel the trip due to illness, as well as coverage at the destination if the person becomes ill, both for medical expenses and for lodging in case a quarantine is needed, constitute a great opportunity in this context of the spread of covid-19. Leonardo […]
After five months of implementing measures to mitigate the covid-19 outbreak, the business sector in Panama is calling for the removal of unreasonable, technical and unconstitutional restrictions that are working against the success of economic and social recovery. So far, Panama is the country that has registered the most abrupt fall in its level of economic activity in Central […]