Coffee Price Closes Year Downwards


News from Panama

In December 2018, it was reported that the international price of a pound of coffee fell to $1, which is equivalent to a 12% drop compared to the same month in 2017. Data from the International Coffee Organization (ICO) detail that in the last two months of last year also reported a decline in the […]

January 28, 2019

Supermarket Chain Sale Confirmed


News from Panama

In Panama, Grupo Rey owners agreed to sell 73% of the company’s shares to Ecuador’s Corporación Favorita. At the beginning of November 2018, Grupo Rey was reported to have disposed of the sale of 60% of the shares to Corporación Favorita, a transaction that at that time was estimated could close at $273 million. However, […]

January 28, 2019

Customer Service for $3 Million


News from Panama

In Panama, a Government Contact Center is tendered for services, which will provide attention through telephone calls, web chat, e-mail and other means. Panama Government Purchase 2019-1-46-0-08-LP-003549: “The Government Contact Center should have an Interactive Voice Response and Multiple Media Access (IVR) System and computer telephony integration (CTI) that allows agents to synchronously receive the […]

January 28, 2019

Panama: New Tax Code


News from Panama

The law approved in the second debate establishes procedures and dates by which taxpayers may assert their tax rights. From the National Assembly of Panama press release: January 21st, 2019. After introducing new modifications, Law 692, by means of which the Tax Procedure Code is adopted, was approved in the second debate. The regulation was […]

January 28, 2019

Tourism in Central America Loses Strength


News from Panama

  In 2018, the number of international tourists who arrived in the countries of the region fell 2% compared to 2017, in contrast to the increases of 4% and 3% recorded in North and South America, respectively. According to the report of the World Tourism Organization (WTO) presented on January 21, the results recorded last […]

January 28, 2019

Beach Weekend


News from Panama

Good morning and welcome to The Panama Perspective.  Summer is here in Panama and as rainy season is still  a few months away, it is good to get away and visit a beach near our home in the mountains.  Just an hour and a half away we go to Las Lajas for a little fun in the […]

January 28, 2019

First Indigenous World Youth Day in Panama


News from Panama

Young people from indigenous communities around the globe share the wealth and diversity of their customs as well as their experience of life and faith. Catholic pilgrims gathered in front of the Los Angeles Basilica before leaving to take part in World Youth Day. (Photo by Ezequiel Becerra/AFP) In a first, the World Meeting of Indigenous Youth, which was […]

January 23, 2019