Mortgage and personal loans continue to be responsible for much of the 5% increase in domestic credit to the private sector, recorded between June 2017 and the same month in 2018. According to the latest report by the Superintendency of Banks, in the sixth month of the year the credit portfolio of the private sector […]
Now this is what I call a real cruise!! Luxury cruise line Seabourn has announced their first world cruise in six years with a 146-day journey across five continents. The world cruise, called “Extraordinary Destinations,” will set sail in January 2020. Starting in Miami, Florida, guests will visit 62 ports before reaching their final stop in San […]
The largest percentage of those who are illiterate in Panama is concentrated in the comarca of Ngabe-Bugle and the provinces of Veraguas and Panama. Cuba’s internationally recognized literacy program, Yo si Puedo, has helped Panama reduce its illiteracy rate by half over the past 11 years. In 2010, Panama’s comptroller demographic census revealed that a […]
In Panama City a reduction of almost 20% in the prices of residential rents has been reported, particularly in areas that five years ago registered the highest prices in the capital. The high supply of apartments and houses in residential areas has pushed down prices, especially in areas such as Paitilla, Balboa Avenue and Costa […]
Journalists in Panama are being sued by officials and politicians displeased with coverage about themselves. Panamanian journalists walked out from their newsrooms Wednesday to demand that authorities put an end to persecution, harassment and economic attacks in the form of lawsuits filed by officials and politicians unhappy with coverage of their actions. Editors, television presenters […]
In Panama, a bill that regulates the activities of call centers has been approved, leaving companies in the sector free of direct and indirect taxes. The National Assembly reported that, in a third debate, approval was given to Bill 653 which regulates the activity of call centers for commercial use. According to a statement […]
Panama’s President Juan Carlos Varela on Sunday (Monday in Manila) asked the United States to respect his country’s sovereignty after the US recalled its envoys from three regional countries for switching diplomatic ties from Taiwan to China. The United States on Friday recalled its envoys from El Salvador and the Dominican Republic, as well as […]
Latin American diplomats say the United States has only itself to blame for retreating from the region, allowing China to move into the region and establish stronger economic and diplomatic ties in the Western Hemisphere. The Trump administration announced late Friday it was at least temporarily pulling its ambassadors out of El Salvador and the […]
The United States has recalled its envoys to the Dominican Republic, El Salvador and Panama after decisions by those nations to cut ties with Taiwan in favor of diplomatic relations with China. The State Department says it has called back Ambassador to the Dominican Republic Robin Bernstein, Ambassador to El Salvador Jean Manes, and Charge […]
Former Major League pitcher Bruce Chen saw the future of baseball in his home country of Panama on Wednesday morning. In front of Chen stood more than 300 ecstatic participants, running, catching, throwing and hitting during this week’s Play Ball event. The kids laughed and cheered for each other at each station. But most importantly, […]