H&M to enter Panama in 2020


News from Panama

The world’s second-biggest fashion retailer H&M (HMb.ST) said on Friday it would open a first store in Panama at the end of 2020, making the country its first Central American market. An H&M spokesman said the store would initially not be accompanied by an online store, and there were no concrete plans currently to expand […]

January 20, 2020

Flower Festival In Boquete


News from Panama

Here is a nice article about our Flower Festival.  It is in full swing again this year and our little town is packed with visitors. David Bell writes in Your Panama about his thoughts. Flower festival in Boquete is something visitors should definitely include on a trip to western Panama. From the 11th to the […]

January 15, 2020

Soft Drinks: Extension for Tax Payment


News from Panama

Until January 13, 2020, the Sworn Declaration of Liquidation of the Selective Consumption Tax on Soft Drinks may be presented in Panama, corresponding to November 2019. Law 114 dated November 18, 2019, which entered into force on November 19, 2019, establishes a new rate for the Selective Excise Tax on Soft Drinks, which is why […]

January 14, 2020

Refusal to Extend Price Control


News from Panama

Panamanian businessmen are opposed to extending price controls on 14 products in the basic family food basket for six months. The list of products whose prices are controlled includes slank, ribbon steak, ground beef, whole chicken, rice, onions, yams, national potatoes, perita tomatoes, yucca, powdered milk, sliced bread, processed American yellow cheese and sausages. You […]

January 14, 2020

Price Control: More Products Threatened


News from Panama

Although at the beginning of the Cortizo administration it was announced that the price control system for the basic basket would be gradually removed, now the Panamanian president is threatening to add products that were already excluded again, if their prices rise. On January 7, it was confirmed that the price control on 14 products […]

January 14, 2020

Peace Corps at work in Panama


News from Panama

The Panama Canal. Flowering trees, palm-studded beaches, free winds for everyone. Hundreds of bird species fly through the Isthmus of Panama each year between North and South America. Now, Cynthia Inglett, 22, has made that Central American country her destination. “I am going to be an environmental educator,” said Cynthia, who will begin her tour […]

January 14, 2020

Luxury Cars: Sales Grow at 8%


News from Panama

During the first 11 months of 2019, 2,421 luxury vehicles were sold in Panama, a figure 8% higher than that reported for the same period in 2018. According to the most recent report from the General Comptroller of the Republic, between January and November 2018 and the same period in 2019, in general the number […]

January 14, 2020