Panama’s Copa Airlines to suspend all flights for 30 days


News from Panama

Panama’s Copa Airlines on Friday said it will suspend all operations from March 22 until April 31, a measure the carrier had already warned was possible due to the coronavirus outbreak. On Thursday, Panama’s government suspended all international travel to the country. Copa operates virtually all of its flights through Panama City’s airport. Source: Reuters […]

March 24, 2020

How the coronavirus will impact Panama’s economy


News from Panama

As of March 17, 2020, Panama had more cases of coronavirus (COVID-19) than any other country in Central America, with eighty-six confirmed cases. Panama has implemented nationwide policies to combat the spread of the virus and signed a regional agreement to address the pandemic with members of the Central American Integration System (Sistema de la […]

March 24, 2020

Pandemic boosts Panama pineapple sales


News from Panama

As the world’s economy trembles from the weight of the coronavirus pandemic, Panama’s pineapple producers are seeing an increase  in sales as consumers seek  multivitamin foods rich in antioxidants, to gain  what they believe is a defense against diseases such as the coronavirus Panama produces and exports the MD2 Golden pineapple, a fruit that is […]

March 17, 2020

Hiring Expectations Still Declining


News from Panama

By the second quarter of 2020, 9% of companies in the country expect to increase their payrolls, which is less than the 10% recorded in the same period in 2018. Panamanian employers report moderate hiring plans for the second quarter of 2020, with 9% of employers expecting an increase in their workforce, 10% anticipating a […]

March 17, 2020

Insurance: Business Against Epidemics


News from Panama

Panamanian businessmen consider unviable the bill that intends to force insurance companies to cover medical expenses related to the coronavirus. The bill, which was presented by Representative Zulay Rodriguez, seeks to ensure that insurance company clients are attended to in case they are infected with covid-19, however, policies do not usually provide coverage when the […]

March 17, 2020

Financial Information Exchange between Panama and Colombia


News from Panama

Panamanian authorities announced that as of September 2020, it will begin to exchange financial information automatically with the South American country. Negotiations between the two countries began in 2019 and at the technical meetings they agreed on the mechanisms that will be used to automatically double-track the information. You may be interested in “France’s Grey […]

March 17, 2020

$9 Million in Stadium Construction


News from Panama

The Panamanian Sports Institute tenders the study, design, plan approval, partial demolition, remodeling and construction of the Teófilo Panama Al Brown Arena. Panama Government Purchase 2020-1-35-0-03-LV-007894: “The project includes the study, design, approval of plans and construction of the new Teofilo ‘Panama’ Al Brown Multifunctional Arena, which will consist of a concrete structure with a […]

March 17, 2020

Vaccines: Panamanian Market Boosts Purchases


News from Panama

From January to September 2019, companies in the region bought vaccines for human use abroad for $154 million, 56% more than what was reported for the same period in 2018, a rise that is mainly explained by the behavior of imports in Panama. Panamanian Companies, Main Buyers From January to September 2019, the main importer […]

March 17, 2020

Panama declares national emergency for COVID-19


News from Panama

President Laurentino Cortizo has declared a national emergency for COVID-19 in Panama, and informed on a national TV network the use of telework and called on the population to stay calm.   In his Thursday speech, he referred to a series of measures to avoid speculation, hoarding and the rise in the price of basic […]

March 17, 2020

$10 Million Investment in a Multipurpose Tower


News from Panama

A ten-story tower will be built on a 1,742-square-meter lot in the town of San Francisco, Panama Province, to house apartments, offices and commercial space. According to the interactive platform “Construction in Central America” of the Trade Intelligence Unit of CentralAmericaData, Silver and Gold Development, INC, submitted to the Ministry of Environment the Environmental Impact […]

March 17, 2020