The rise of the Internet as a means of organizing and booking travel is generating headaches for companies in the sector, which agree that the strategy should be to focus on marketing complete packages in very specific market niches. The difficult financial situation that the agency Viajes Colon is going through in Costa Rica is […]
“Dollarization is the best barrier to defend (the poor especially) from political crises,” declares the “father of dollarization” in Ecuador. The dollarized economy in Ecuador is turning 20. Amid a continent shaken by political instability driven by the region’s left, Ecuador has maintained low inflation and a stable currency. At the time of its disappearance […]
Panama’s State Radio and Television System is tendering the service of two thousand hours of satellite time space for live transmissions. Wednesday, January 15, 2020 Panama Government Purchase 2019-1-31-0-08-LP-008250 “In order to cover in an efficient and dynamic way all the news coverage of the country, as well as important events of the State; the […]
According to the reported decrease in new car sales in 2017 and 2018 in Panama, during 2019 the negative trend continued, as 47,866 units were registered, 6% less than the previous year. Reports from the General Comptroller’s Office of the Republic explain that since 2017 there has been a drop in new vehicle sales, since […]
Paul Page writes in the Wall Street Journal about the challenges facing the Panama Canal. The head of the Panama Canal expects seasonal restrictions on shipping, including new “freshwater surcharges,” to continue for several years until canal administrators find a long-term solution to droughts that have hit operations at the trading hub. Canal Administrator Ricaurte […]
The Panama Canal said on Monday it will cut its daily slot reservations due to droughts, and impose a “freshwater” charge on ships to maintain the thoroughfare’s levels, tightening access to one of the world’s most important trading routes. Canal Administrator Ricaurte Vasquez told a news conference that from Feb. 15, a fixed charge would […]
The chain of department stores that had a branch in the Panamanian market, announced that since January 12 it stopped operating in the country. The company made the announcement official on the morning of January 11, but in its publication broadcast on social networks, no further details were given of the reasons that motivated the […]
Panamanian President Laurentino Cortizo will have important meetings with his Central American counterparts today in the context of the activities for the swearing-in ceremony of Guatemala’s President Alejandro Gianmattei. According to a note from the Panamanian Presidency, Cortizo assured that ‘this is a great day for our brother country,’ where ‘we will have a […]
From February 5 to 7, the event called “Expo Machine 2020” will take place in the country’s capital, where several types of machines, equipment, products and services from the construction, industrial, logistics, maritime, mining and agricultural sectors will be offered. The event‘s organizers informed that for this year’s edition, 70 exhibitors will participate, including national […]
In Panama the government estimates that in 2020 the economy will grow between 4% and 4.5%, a rise that would be determined by the behavior of construction, tourism and exports. According to estimates from the Ministry of Economy and Finance (MEF), by the end of 2019 the increase in the Gross Domestic Product (GDP) could […]