In the third debate, the National Assembly approved the bill that considers the suspension of charges for electricity, fixed and mobile telephony and Internet services for four months. This benefit will be available to self-employed workers, micro and small businesses, which have been affected in their income, as well as owners of restaurants, bars, casinos, […]
Suppliers estimate that March marine fuel sales in Panama were down by at least 25pc from a year earlier because of reduced vessel traffic amid the coronavirus pandemic. Sales fell by at least 112,400t from March 2019 to total less than 337,000t. Suppliers said demand has been fluctuating widely in March, with some days bringing […]
Panama has in recent years invested billions of dollars to establish itself as a top commercial, logistical and air transport hub in the Americas. That has also made it prone to opening its doors to diseases like COVID-19, caused by the novel coronavirus. With 90 air connections to 34 countries in the Americas and Europe […]
In response to the country’s health crisis, 15 banks have granted a 90-day extension for their customers to make their personal credit card, home mortgage, vehicle and personal loans. Until March 31st, the financial institutions that confirmed that had granted the extension to their clients are BAC Credomatic, Banco General, Banistmo, Banco Nacional, Global Bank, […]
Fitch Ratings agreed to change the perspective of the region’s banks from stable to negative, arguing that the current health crisis will affect financial institutions in all countries. Considering the measures that countries have adopted in the last 15 days in economic matters, following the spread of covid-19, Fitch expects that there will be a […]
In response to the health crisis facing Panama, the sector’s union requested government intervention to suspend rent collections and payment of employer’s fees. On April 1, 2020, the Association of Restaurants and Related Industries of Panama (ARAP) sent a note to the Presidency of the Republic, in which they requested that given the crisis that […]
Panama is taking a new — if somewhat unorthodox — measure to combat the spread of the novel coronavirus: separation of the sexes. Starting on Wednesday, only women will be able to leave their homes to buy necessities on Monday, Wednesday and Friday. Men in Panama will be allowed to venture outside to run errands […]
Marisel Salazar writes in Vinepair about last years round of Geisha sales. In May 2019, Lamastus Family Estates crushed the record for highest score in the prestigious Best of Panama (BoP) coffee competition created by the Specialty Coffee Association of Panama. Of a total of 174 coffees submitted to the competition, 78 of which were […]
Just released, this edition of Paul Budde Communication’s focus report on Panama outlines the major developments and key aspects in the telecoms markets. Read the full report: https://www.budde.com.au/Research/Panama-Telecoms-Mobile-and-Broadband-Statistics-and-Analyses Panama has seen a steady increase in revenue from the telecom sector in recent years, including a 2% increase in 2019, year-on-year. Mobile services and broadband remain the key sectors, […]
In the wake of the COVID-19 pandemic, many Notre Dame-sponsored volunteer trips were cancelled. Although most of such trips were cancelled, one group remained: the Notre Dame chapter of the Global Medical Brigades (GMB). A group of 33 students traveled to Panama on Saturday March 7. “[The] first two days we [focused on] access to […]