Due to the recent strike in the construction sector, the entity has reduced projections of economic growth for this year from 5.6% to 4.6%. From a statement issued by the IMF: June 1 2018. A staff team of the International Monetary Fund (IMF), led by Alejandro Santos, visited Panama during May 21-June 1, 2018. At […]
Well, this new energy tax provision did not last a week. Thank goodness. Due to the controversy that has arisen, the ASEP has decided to exclude from the discussion of adjustments to the Tariff Regime the proposal to tax the use of solar panels for self-consumption purposes. Although the imposition of a fee for the […]
Constructora Pirenaica will be in charge of the restoration work of the Reina Torres de Araúz Anthropological. The award of the contract was made on May 24 and the work involves the supply of all labor, materials, tools, machinery, equipment, transportation, supplies and everything necessary to carry out the work of comprehensive restoration of the […]
In the first four months of 2018, the cost of new construction, additions and repairs in Panama fell by 41% compared to the same period in 2017, going from $755 million to $449 million. The most recent figures from the Comptroller General of the Republic detail that in the first four months of the year […]
Between the months of April 2017 and 2018, the country’s public debt rose from $21.922 million to $24.8 million, which is equivalent to an increase of 13%. According to figures from the Ministry of Economy and Finance in Panama, in the first four months of the year, debt has also reported an increase, rising from […]
One of the reasons we have seen a fall off in traffic here in Panama is the cost of living in Panama City, not that I would live there anyway but it is now more expensive than Frankfurt, Vienna and Dubai according to Latinvex. Panamanian capital Panama City has become the most expensive city in Latin […]
Between the first quarter of 2017 and the same period in 2018, the number of visitors that arrived in the country registered a slight decrease of 1.4%, but the overall expenditure made by them increased by 2.7%. According to sector’s figures, between the first quarter of 2017 and the same period of this year the […]
Jonny Evans is hoping England’s World Cup opponents Panama can silence their naysayers in Russia, just like Northern Ireland did at Euro 2016. Evans skippered the Northern Irish team that drew 0-0 with Los Canaleros on Tuesday evening in their final friendly before they depart for their first ever World Cup. Hernan Dario Gomez’s side […]
Here is a great article from Travel Pulse. For years, popular destinations like Peru and Costa Rica have dominated the market for tourists in search of eco-vacations and opportunities to get up close to nature, wildlife and indigenous cultures. Panama, most well known for its famous 48-mile canal and a capital city dominated by skyscrapers […]
After more than 20 days of intense ocean racing, Clipper Round the World Yacht Race entry Sanya Serenity Coastwas welcomed into Panama City by the Chinese Ambassador to Panama having maintained its overall lead after completing the tenth of thirteen individual races that forms the entire circumnavigation. During a visit to the Sanya Serenity Coast team […]