In January of this year, the Monthly Index of Economic Activity reported a 15% year-on-year drop, which is similar to the behavior recorded from March to December 2020, a period in which the pandemic severely affected productive activities. This index contracted considerably, due to the effects of the Covid-19 health emergency. Among the economic sectors that were […]
Between January and September 2020, banana exports amounted to $2,079 million, 11% more than what was reported in the same period of 2019, a rise that is explained by the behavior of sales of Honduran, Panamanian, Costa Rican and Guatemalan companies. Costa Rica and Guatemala, Main Exporters From January to September 2020 the main exporter […]
The coronavirus (Covid-19) erased 17 years of progress for Panamanian tourism. According to the Sustainable Tourism Master Plan of the Panama Tourism Authority (ATP), the most optimistic estimate is that this year a little over 1 million visitors will enter the country, numbers similar to those registered in 2004. If all the pieces of the […]
Misbeliefs and conspiracy theories could be the main obstacles to 5G deployment in Panama, where launch plans are still on hold. “Criticisms of the adverse effects of new wireless technologies can have adverse effects by delaying their deployment or, in extreme cases, inciting damage to the telecommunications infrastructure deployed,” José Otero, VP for 5G Americas in Latin America, told […]
AMResorts’ Dreams Playa Bonita Panama all-inclusive resort has pushed back its reopening to May, Caribbean Journal has learned. The resort on Panama’s Pacific coast, the only AMResorts property in the country, will be welcoming back guests on May 15, 2021, according to Dreams’ Web site. Dreams Playa Bonita Panama has a total of 307 rooms set across […]
Health Minister Luis Francisco Sucre informed that the vaccine advisory team is holding talks on Thursday with several pharmaceutical companies to guarantee that the population is immunized against Covid-19. Sucre stated that they met on Wednesday with the Russian company that developed the Sputnik V vaccine, and negotiations are underway with the laboratory that […]
Panama’s government said on Saturday it would from next week temporarily suspend the entry of people to the country who have been in South America in the previous 15 days after local health authorities detected a case of the Brazilian strain of COVID-19. The health ministry said the restrictions would apply from Wednesday, March 31, […]
In Panama, the General Revenue Directorate (DGI) announced that it will suspend corporations that for the term of three consecutive years or more, have not made the payment of the single tax. According to the General Revenue Directorate (DGI) of the Ministry of Economy and Finance (MEF), the authorities are currently updating the list of legal entities […]
Moody’s downgrades Panama’s ratings to Baa2, changes outlook to stableGlobal Credit Research – 17 Mar 2021New York, March 17, 2021 — Moody’s Investors Service, (“Moody’s”) has today downgraded the Government of Panama’s long-term issuer and senior unsecured debt ratings to Baa2 from Baa1, and Panama’s senior unsecured shelf ratings to (P)Baa2 from (P)Baa1. Moody’s has […]
Once a week, teacher Graciela Bouche takes a canoe from her small town in the Panama rainforest to an indigenous village some two kilometers away where spotty internet cannot replace shuttered classrooms. At the end of her unusual 15-minute commute, made possible by the strong arms of a local paddler, Bouche disembarks in Ella Puru […]