The measure that sets the maximum retail prices of 14 food products at the national level was extended for six months by the Executive Branch. The Price Adjustment Commission recommended the Executive to temporarily extend the measure “to ensure that a possible deregulation generates an unjustified increase in products considered to be more sensitive,” according […]
The Panamanian attorney general’s office will ask a judge to order Odebrecht to pay fines due in 2019 and 2020 after the corruption-ensnared Brazilian conglomerate failed to pay, prosecutor Anilu Batista said on Friday. Panamanian authorities fined Odebrecht in 2017 for paying bribes in exchange for construction contracts in the Central American country. The company […]
The delivery of the first batch is expected in the first quarter of 2021, Panama’s health minister said in a Twitter statement. Panama’s government has approved the emergency use of the vaccine produced by US company Pfizer and German company BioNTech, the delivery of the first batch is expected in the first quarter of 2021, […]
The Special Anti-Corruption Prosecutor’s Office has provided valuable information about Odebrecht. One of the most interesting things that the prosecutors revealed is the fact that the works of the companies have been investigated since they arrived in Panama. In other words, they have not limited themselves to inquiring about the disbursements made by Odebrecht’s Structured Operations Sector […]
Currently 97% of progress has the construction of the binational bridge over the Sixaola River, between Costa Rica and Panama; and its inauguration is expected for the first week of March. This was reported by Mario González, resident engineer of the project by the United Nations Office for Project Services (UNOPS), the executing agency of the […]
For Tampa-based travelers, the world is starting to reopen. Following a 10-month hiatus due to the coronavirus pandemic, Copa Airlines will resume its direct flights from Tampa International Airport to Panama City, Panama on Friday. The flights will initially run twice weekly. The resumption of direct flights to Panama also means new routes to Central […]
The World Bank forecasts Panama will be among the leaders in Latin America in an economic rebound in 2021 with a growth of 5.1% in a new edition of the World Economic Outlook report in which it updated its growth projections for the world. The Washington-based organization estimates that in 2021 the global economy will expand […]
Panama’s public service regulator Asep has released a report on the status of the telecom and broadcasting industries, shining a light on details about concession processes, among others. The report was recently published on the regulator’s telecom unit’s website and includes data from November 2019 to October 2020. Mobile Asep’s network unit registered 280,259 ported numbers in […]
Panamanian President Laurentino Cortizo on Saturday expressed his confidence in the country’s economic recovery in the face of the COVID-19 pandemic, although he admitted that there will be no way forward if there is no self-discipline among the population. “To speak of sustained economic recovery with the current social behavior of some Panamanians (who do […]
A year ago the Panama Canal faced with low rainfall in the basin, had to take measures to maintain operations. It will begin in 2021 offering 50 feet of draft, the highest level for neo-Panamax locks, announced administrator Ricaurte Vásquez Morales in his end of the year message. The service to customers and users of […]