During March 2021, the Panamanian Consumer Confidence Index increased 2% with respect to the level reported in January of this year, this slight increase is reported in the context of the economic reactivation process of local production. According to the survey conducted by the Chamber of Commerce, Industries and Agriculture of Panama (CCIAP), in strategic alliance with The Marketing […]
K-Sim Navigation ship’s bridge simulators are used by the Panama Canal Authority to ensure maximum realism in training scenarios for building crew and operator sea skills Kongsberg Digital has signed a contract with the Panama Canal Authority (ACP) to upgrade and extend the K-Sim Navigation simulators based in SIDMAR; the Center for Simulation, Research and […]
Panama Canal Surcharge from WCSA to USA Effective April 7th, 2021 (Gate In Date) Following recent “advisory” from the Panama Canal Authority in which is reported a further reduction in the draft for the Neopanamax Locks, MSC is reinstating the PCE surcharge to maintain service level. From: All WCSA origins (for Dry and Reefer cargo) […]
With March coming to a close, Panama is celebrating the end of its iconic coffee harvest season and embracing the surrounding touristic experiences in the Chiriquí Highlands region. Best known for producing Geisha Coffee, the most valuable coffee in the world and harvested by the Ngäbe and Bugle indigenous people, the Chiriquí Highlands region boasts […]
President Laurentino Cortizo sanctioned the law that creates the National Authority for the Attraction of Investments and Promotion of Exports of Panama, an institution whose objective is to attract foreign investment to the country. The law establishes the legal framework for the Investment Attraction and Export Promotion Agency (ProPanama) of the Ministry of Foreign Affairs to be […]
As of March 29, 2021, Law 81 on Data Protection came into force in Panama, a legal framework that requires consumers to be asked for authorization for their information to be used. According to the text that regulates these practices, “… those responsible for data processing may only transfer information about them when they have the prior, informed and […]
Panama’s Foreign Minister Erika Mouynes and U.S. Secretary of State Antony Blinken discussed the need to tackle unlawful immigration during a phone call earlier on Tuesday, the Panamanian government said. In a statement, Panama’s government said the two officials discussed areas of common interest during the call, including the political situation in the region, and […]
Panama will be presenting its commitment to sustainability and safety in its Bicentenary year, at FITUR. Panama will be at FITUR again this year together with the country’s Tourism Minister, Iván Eskildsen, and the Tourism Promotion Fund (PROMTUR). This next edition of the International Tourism Fair will be the Tourism Recovery Special, from 19th to 23rd May, […]
Banconal’s IDR and national scale ratings are driven by the potential support it would receive from the Republic of Panama (BBB-/Negative). Banconal’s ratings alignment with those of its owner, reflect a general subsidiary state guarantee for all of its liabilities established under Banconal’s Organic Law (Article 3). Fitch’s view on the propensity of support is […]
• Panamanian women, like women around the world, have been disproportionately affected by the COVID-19 pandemic. • Panama was one of the first countries to partner with the Equal Pay International Coalition. • Now the government continues to introduce further measures to build women’s participation in the workforce. The struggle for the overall equality and […]