The maritime, logistics and port sectors never stop; they are a constant source of income which supplies an important economic contribution to the nation. Proof of this is the Panama Maritime Authority’s (PMA) position as the third institution in monetary contributions to the Panamanian State. For this reason, after all the pertinent consultations have been […]
This is Good. Watch Here
Measuring sales performance, observing trends and anticipating the impact that the crisis will have on the market in which each company operates has never been more important, and in this context, accurate data management and analysis becomes essential. “… Twelve years ago, in the midst of the economic downturn in 2008, British Airways (BA) was […]
The Coast Guard stopped a drug smuggling operation, April 13, in international waters northeast of Panama. A Coast Guard Helicopter Interdiction Tactical Squadron MH-65 Dolphin helicopter crew, forward deployed with the Coast Guard Cutter Escanaba (WMEC-907), spotted a suspect fishing vessel with five people aboard. The cutter Escanaba crew sent a small boat crew to […]
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, a trend likely to continue during the next few years in response to operator investments in network upgrades. Panama’s economic prospects remain promising, with GDP […]
The HMM ALGECIRAS, the world’s largest containership launched April 23, 2020 during a ceremony presided by South Korea President Moon Jae-In and many South Korean dignitaries, is registered in Panama. She is joining the fleet of 18 Panama-flagged amongst the 24 biggest vessels in the world; list established at February 19, 2020 by IHS Markit. […]
The Cabinet authorized the Minister of Commerce and Industry to submit to the Assembly a bill to create the Special Regime for the Establishment and Operation of Multinational Companies for the Provision of Services Related to Manufacturing. The decision of the Executive, which seeks to reactivate the economy in the context of the health and […]
The Assembly approved in third reading a bill that suspends for a 120-day period all launches and evictions of private real estate intended for housing, commercial establishments, professional use, industrial and educational activities. The plenary session of the National Assembly, supporting the state of emergency as a result of the effects generated by the infectious […]
Ohhhh that looks good but gotta wait some more before we can buy alcohol. Given the crisis in the region, businessmen in Guatemala report that smuggling of Mexican products has increased, while in Panama, beer producers attribute the rise in illegal trade in alcoholic beverages to the dry law. With the spread of Covid-19, governments […]
Between February 2020 and Easter Week, visits to shops decreased between 40% and 90% in Central American countries, but since April 13 a change in the trend has been observed, reflecting a greater movement of people to shops and other businesses. Panama saw a 83% drop but that was due to very strict quarantine regulations. […]