The COVID-19 Crisis Is the Result of Decades of FDA Misrule


News from Panama

Gavin Wax writes in the Pan Am Post about the past abuses of the FDA. The COVID-19 pandemic is exposing how the US Food and Drug Administration puts Americans at increased risk of sickness and death. Decades of killing medical innovation and forcing industries offshore made this inevitable. Rightfully, many are questioning how things got this […]

April 15, 2020

Companies and Businesses: How to Deal with the Pandemic?


News from Panama

Analyzing the economic and financial situation of the company, implementing a resistance plan, identifying what products customers need and what opportunities can be exploited in this context, are some of the tips for businesses in the new and complex reality. In response to the arrival of the covid-19 virus in the region, Central American economies […]

April 7, 2020

Panama: Basic Services Charges Suspended


News from Panama

In the third debate, the National Assembly approved the bill that considers the suspension of charges for electricity, fixed and mobile telephony and Internet services for four months. This benefit will be available to self-employed workers, micro and small businesses, which have been affected in their income, as well as owners of restaurants, bars, casinos, […]

April 7, 2020

Panama sales down 25pc in March: suppliers


News from Panama

Suppliers estimate that March marine fuel sales in Panama were down by at least 25pc from a year earlier because of reduced vessel traffic amid the coronavirus pandemic. Sales fell by at least 112,400t from March 2019 to total less than 337,000t. Suppliers said demand has been fluctuating widely in March, with some days bringing […]

April 7, 2020

Panamanian Banks Give Extensions to Clients


News from Panama

In response to the country’s health crisis, 15 banks have granted a 90-day extension for their customers to make their personal credit card, home mortgage, vehicle and personal loans. Until March 31st, the financial institutions that confirmed that had granted the extension to their clients are BAC Credomatic, Banco General, Banistmo, Banco Nacional, Global Bank, […]

April 7, 2020

Central America: Negative Outlook for the Banking Sector


News from Panama

Fitch Ratings agreed to change the perspective of the region’s banks from stable to negative, arguing that the current health crisis will affect financial institutions in all countries. Considering the measures that countries have adopted in the last 15 days in economic matters, following the spread of covid-19, Fitch expects that there will be a […]

April 7, 2020