Green Light to Reduce Working Hours


News from Panama

A decree was published in Panama authorizing the modification or temporary reduction of the working day, which due to the economic crisis generated by covid-19 may be reduced by up to 50%. The new regulation establishes that the agreement to modify working hours must include methods to achieve the gradual recovery of working hours to the levels existing before […]

July 21, 2020

Health and Safety: Protocols for Companies Formalized


News from Panama

In order to reactivate economic activity in Panama, the authorities of the Ministry of Health published in the Official Journal the guidelines of strict compliance for companies and workers. Although in mid-May it was announced that as a result of the covid-19 outbreak companies will have to submit to strict compliance with some rules, the protocols were […]

July 21, 2020

Central America: Is the Real Estate Market Moving?


News from Panama

In the countries of the region about 4 million people are looking to buy or rent a residential property, and 11% of these consumers, explore options to rent an apartment. The interactive information system developed by CentralAmericaData, monitors in real time the changes in consumer habits in all markets of the region, with fundamental information to […]

July 21, 2020

Panama ‘ethically sick Transparency International


News from Panama

Olga de Obaldía , executive director of the Panamanian chapter of Transparency International  provided a primer on corruption  in Panama on  July 12 in the weekly Knockout interview  in which she described Panama as ‘ethically sick. Asked if she could see a difference beyond style between Ricardo Martinelli and Juan Carlos Varela, both accused of […]

July 21, 2020

Small-scale LNG to serve Panama off-grid communities


News from Panama

Panama’s public services regulator Asep has granted definitive licenses for small-scale, natural gas-fired plants which will benefit off-grid communities. The Santa Fe (8.85MW, US$9.9mn) and Tortí (3.86MW, US$4.7mn) projects belong to Island Power (IPSA) which specializes in isolated systems and belongs to local groups Eleta and Trenco. Santa Fe is planned for Chepigana district in Darién province and Tortí […]

July 21, 2020

Reopening of Canadian owned mine will aid Panama economy


News from Panama

The Canadian company  First Quantum has  received to resume operations in the Cobre Panama mining project and expects  to reach full exploitation and export by  mid-August a boost for the economy On  July 3  Minera Panamá, a subsidiary of First Quantum,  said that the project will open in three phases. In the first block, it will […]

July 21, 2020

Covid-19: Panama Commits itself to UK and US Vaccines


News from Panama

The Panamanian government is analyzing here today whether to test the Covid-19 vaccines from the University of Oxford in the UK and the Modern Laboratory in the United States, which are in clinical trials.   Health Minister Luis Francisco Sucre said that Panama could be one of the Latin American countries participating in the trials, […]

July 21, 2020

Princess Cruises Announces 2021–2022 Panama Canal Season


News from Panama

Princess Cruises will be launching the fall 2021 to spring 2022 cruise season for Panama Canal on 22 July. Guests sailing through the engineering marvel of the Panama Canal now have a diversity of itineraries onboard three cruise ships including MedallionClass vessels, to choose from. Panama Canal 2021-2022 Princess Cruises was the first cruise line to take […]

July 21, 2020