According to Executive Decree No. 96 of May 15, 2020, the Ministry of Labor of Panama has ordered that, for the operation and gradual reactivation of companies and/or activities, the employer must complete the digital form on the reactivation of contracts, enabled by the Ministry of Labor on its website. In addition, Executive Decree No. […]
In order to give individuals and corporations the opportunity to catch up with this obligation interrupted by the pandemic, authorities extended until July 17 the deadline for declaring income tax payments. The term to cancel this commitment with the Panamanian State expired on March 31, 2020, and an extension was added until May 30, given […]
It is predicted that in Panama due to the health and economic crisis the inventory of available properties will increase, a situation that will put downward pressure on property prices and rents, affecting mainly the office and commercial space segment. Directors of the Panamanian Association of Real Estate Brokers and Developers (Acobir) estimate that in […]
With IAEA support, experts in Panama have learned how to leverage radiation technologies to model the movement of sediments in the Panama Canal as well as in nearby lakes. On the basis of these models, they are planning to develop new dredging practices to ensure the continued flow of people and products through this world-famous […]
Costa Rican documentary “Los Últimos,” by Álvaro Torres Crespo, won the $10,000 IFF Panama Film Match Award, in the first edition of IFF Panama Film Match – the Panama Film Festival’s Cinematographic Co-Production Forum for Central America and the Caribbean, supported by the IDB Lab. Initially planned as an integral part of the on-site film festival, the […]
On April 28, 2018, an unusual shipment left Russia, bound for Panama. The shipment included two small packages each weighing just 900 grams (2 pounds) with packaging, and under 200 grams without. Their small size belied their worth; shipping documents valued them at $55,063 and $163,089.63, respectively. A third package — the most intriguing — […]
The process of reopening towards the “new normal” in Panama will see a block of activities reopened every 14 days, although that will depend on the Rt being below 1 said Health Minister Rosario Turner on Wednesday, May 21 at a meeting between President Cortizo, government ministers and business leaders. The Rt is currently below […]
We have all had time to think about what we will do (and won’t) when we finally open up as many States are doing in the US. Panama is still under strict quarantine rules and our efforts have paid off. That said, Coronovirus in some shape or form will always be with us, it is […]
With Panama’s response to the 2020 pandemic being the strictest in the region, our Hub and advisory board raised money and organized several donations of food and cleaning supplies from the private, NGO and public sectors for the indigenous communities of one of our Shapers, representing 400 families. The initiative was included in a local […]
In Panama, the government established the maximum gross profit margin in the entire commercialization chain, for different personal hygiene, cleaning and consumption items, which are of primary need. According to Decree 152 dated May 13, the measure decreed is with the aim of mitigating the outbreak of covid-19 and to give the general population access […]