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

Panama eliminates tourist card for Cubans and Dominicans


News from Panama

From this moment on, all Cubans who want to travel to the Central American country must apply for the Tourism Visa at the Panamanian consulate located in the country of residence or origin, in accordance with Executive Decree No. 88, published in the Gaceta Oficial. The Panamanian government established in October 2018 the so-called tourist […]

March 22, 2021

Panama to save heritage and develop tourism


News from Panama

Portobello town, a commercial route for the Spanish Crown in America since the 16th century, is currently preparing to become Panama’s tourist center and develop its natural and cultural heritage.   Local authorities and the National Government agreed on an inter-institutional action plan with a comprehensive strategy for this destination, with a view to the […]

March 22, 2021