Full opening by regions and not by blocks, reactivation of construction and the establishment of an emergency financial assistance plan are some of the proposals of the Panamanian business sector to face the economic and health crisis. For the Panamanian Association of Business Executives (Apede) the confinement measures do not manage to stop the advance of covid-19 transmission, but […]
The Panama Canal reported a 21% drop in the number of ships crossing the waterway in May amid the coronavirus pandemic, compared to projections for traffic. Just 937 ships used the canal last month, while there were 260 cancellations of crossings, canal administrator Ricaurte Vásquez said Wednesday. He said 119 of the cancellations involved giant […]
Panamanian authorities announced that the Industrial and Commercial Bank of China Ltd. was approved for a general license to operate in the local system. The information was confirmed by the head of the Superintendency of Banks, Amauri Castillo, who explained that the Asian banking institution will be able to operate in Panama’s financial center and do business […]
After President Cortizo partially banned the moratorium bill, the National Assembly discussed the initiative in a second debate, which was unnecessary for the Superintendent of Banks, who said that the banks had already implemented the necessary measures. Despite the fact that on May 4 President Laurentino Cortizo and the representative of the Panamanian Banking Association, […]
Cargo volumes in Panamanian ports grew by 15.9% during January-May 2020, in spite of the country fighting against the spread of the Coronavirus. According to the Panama Maritime Authority statistics, cargo volumes for the first five months of this year reached 3.26m teu compared to 2.78m teu the year before. Vehicles fell by 47% to 39,960 […]
Since restrictions began to be imposed due to the outbreak of covid-19 in the countries of the region, interest in travel agency services collapsed, but in mid-May the decline was halted and most countries are already seeing rebounds. Through a system that monitors in real time changes in consumer interests and preferences in Central American countries, developed […]
Panama’s civil aviation authority said it will extend a suspension of international flights by a month due to the coronavirus crisis, according to a statement on Wednesday. The additional month of suspended flights begins on June 22 and will run through July 22. International flights were first suspended in March as the spread of the […]
DSS Panama Disinfection & Sterilization Specialists of Panama DSS Panama provides advanced and comprehensive disinfection and sterilization solutions that help businesses and private individuals combat the viruses, bacteria, mold and fungus that can develop in the air, on surfaces and on hands. Microbes, like bacteria, fungi, viruses and algae, are able to grow in environments […]
The Arnulfo Arias Madrid Hospital Complex of the Social Security Fund (CSS), is fast running out of beds and ventilators for coronavirus patients while the numbers of infections continues to zoom over-stretching staff and facilities. CSS director Enrique Lau Cortés. Lau Cortés announced Sunday that the neurosurgery wing with 30 beds will be used fot […]
Panama’s Consumer Protection Authority (Acodeco) has fined 834 merchants who did not comply with “the profit margin”, for the sale of face masks and other anti -virus products during the coronavirus pandemic Acodeco officials detected irregularities and among the products with the greatest number of anomalies are disinfectants, alcohol for external usel alcohol, gel disposable […]