Panama goes back 17 years in number of visitors


News from Panama

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 […]

March 30, 2021

Did health concerns lead Panama to put 5G on hold?


News from Panama

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 […]

March 30, 2021

Dreams to Reopen Panama All-Inclusive in May


News from Panama

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 […]

March 30, 2021

Panama holds negotiations to purchase more Covid-19 vaccines


News from Panama

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 […]

March 30, 2021

Public Limited Companies: Penalties for Late Payments


News from Panama

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 […]

March 22, 2021

Panama, Government of — Moody’s downgrades Panama’s ratings to Baa2, changes outlook to stable


News from Panama

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 […]

March 22, 2021

Panama Eases Entry For Vaccinated Travelers


News from Panama

It’s being reported that Panama’s government has relaxed arrival procedures for vaccinated travelers coming into the country. Although the country’s borders have been open with conditions, those with ‘the complete vaccine’ will not have to undergo a swab test on arrival. Instead, arrivals will need to present proof of vaccination. Other sources note that a negative […]

March 22, 2021