Panama shortchanged in mining contract as copper booms


News from Panama

Smartphones, tablets, video game consoles, internet servers, electric car batteries, all-purpose appliances, and even space rockets are charged with copper. Writes Rodrigo Noriega in La  Prensa Throughout Latin America, States are facing dramatic fiscal crises that force them to review taxes and public expenditures to settle accounts. In those countries where mining is an important […]

May 12, 2021

Protectionism = Economic Losses


News from Panama

As a result of the blockade that has been in place since July 2020 on the entry of animal products from Costa Rica into the Panamanian market, Costa Rican exports to Panama are reported to have fallen and companies such as Dos Pinos are reporting losses in the millions. The trade conflict began when Panama informed the National Animal […]

May 12, 2021

Vehicles: Sales Rebounded in March 2021


News from Panama

After several months of reporting year-on-year declines in the number of vehicles sold in Panama, during the third month of the year an increase of 93% was recorded. The Comptroller General’s Office reported that between March 2020 and the same month of 2021, the number of new units registered in the country increased 93%, going from […]

May 12, 2021

Panama’s Long Road to Privacy Just Beginning


News from Panama

On March 29 after an 2-year period of of vacatio legis (absence of law), the long-awaited Law 81 on Personal Data Protection in Panama, originally passed in 2019, came into force. Like recent regulations on data protection in Latin America, Panama’s Law 81 was noticeably influenced by the European regulatory model and includes some of the innovations […]

May 12, 2021

Large projects considered essential to drive Panama growth


News from Panama

  Large-scale infrastructure projects will be key to Panama returning to economic growth. “The country still has a large infrastructure gap, which presents an opportunity for large transportation infrastructure projects,” says Moody’s in a new report. GDP growth of 8-10% is expected for 2021, following a 17.9% contraction driven by the pandemic last year. Moody’s says that […]

May 12, 2021

The 10 best beaches in Panama


News from Panama

bbean vibes on one side and monster Pacific swells on the other, Panama sits poised to deliver the very best of beach life. Whether you’re looking to snorkel over rainbow reefs, ride wicked waves or simply loll on golden sands, there’s something here for every type of beach bum. Here’s our pick of the best beaches in […]

May 12, 2021