The Moody’s Investors Service agency on Wednesday, April 15 ratified Panama’s risk rating at Baa1 with a stable outlook. Moody’s estimates that the coronavirus pandemic will impact the Panamanian economy in 2020 with an estimated 1% contraction in gross domestic product (GDP). Both the International Monetary Fund and the World Bank calculate that the contraction […]
During the state of health emergency in the country, taxpayers who cannot use tax equipment and billing systems because their shops or offices are closed will be exempt from using these tools. Following the spread of covid-19 the General Directorate of Revenue (DGI) explained that businesses may stop using fiscal equipment and invoicing systems, however, […]
The Panama Canal is closely monitoring the evolving COVID-19 outbreak and has adopted a series of measures to protect its personnel and prevent further spread of the virus, it said in a statement Wednesday. Since January, ships arriving at the waterway have been required to report if they have visited countries with confirmed cases prior […]
Public bidding for the operation and maintenance of the new Panama Cruise Terminal has been temporarily suspended. This is due to the COVID-19 pandemic. New tender date to be advised The Panama Maritime Authority said it has informed interested companies that once the suspension of the public bidding has been lifted, a new date to […]
Panama has obtained $1.3 billion in funding to help small companies and boost job creation, President Laurentino Cortizo said on Tuesday, as health officials registered 102 new cases of the coronavirus and one new death. The new cases took the country’s total to 3,574, with 95 deaths. Cortizo said Panama has secured $500 million from […]
According to the IMF, the local gross domestic product would fall 2% this year, which would mean a fall of 5 percentage points compared to the 3% growth registered last year. The spread of the new coronavirus and the measures that governments have implemented to contain it and protect the health of the population will cause the […]
Imperial College London says so. On April 3 there was an average transmission number of 1.8, and yesterday it dropped to 1.4; the ideal number is 1 or less than 1. A report on the Imperial College London estimates shows that Panama is among the 14 countries that can stabilize in the next days or weeks -depending on compliance with […]
While not in English, this is truly the universal story of how the simple ways of life can be the best. Liziqi has a huge following on You Tube (over 1.2 billion views!) and many more inspiring videos. I love the way she cooks, So beautiful. I find these videos fascinating and mesmerizing!
First Quantum Minerals has received an order from the Ministry of Health of the Republic of Panama (MINSA) to temporarily suspend labour activities at its Panamanian subsidiary as a sanitary control measure due to coronavirus. The company decided to place the Cobre Panama copper mine operation under care and maintenance until the ministry is satisfied […]
The government of Panama has ordered the temporary closure of First Quantum Minerals’ Cobre Panama mine following the death of a contractor from the COVID-19 virus and the confirmation of 11 cases. The closure was announced by health minister Rosario Turner during a press conference. Turner did not say how long the temporary closure order […]