The establishment of a new minimum wage has become a point of contention between workers and employers, leading to an impasse in reaching a consensus. Consequently, the responsibility of making this crucial decision now falls upon the Executive Body, which is expected to announce its determination before December 31, 2023. This development unfolded during the […]
Panama inspected national flag vessels of international service in countries of Asia, Africa and America in order to counteract illegal fishing. Between September and December of this year, the Panama Water Resources Authority (ARAP), through the Directorate of Inspection, Surveillance and Control, carried out inspections in various ports of countries such as Suriname, the Philippines, Thailand, […]
The National Bank of Panama has reached the number one position in Panama, according to the recent ranking of the “Best Employers” in Central America and the Dominican Republic, published by the regional magazine Summa. The methodology used by Summa for this ranking included its own perception survey, with the participation of 1,000 entrepreneurs, executives […]
The Special Regime of Headquarters of Multinational Companies (SEM) added this three new companies, originating in Spain, Hong Kong and Panama, which will initially be investing about US$3,131,814. The information was released by the Ministry of Commerce and Industries of Panama The approval of licenses to these multinationals was given during a recent meeting of […]
Last week, Luis Almagro, Secretary General of the Organization of American States (OAS), together with Ambassador María Roquebert León, Panamanian permanent representative of the State to the OAS, signed the Headquarters Agreement for the 104th Ordinary Session of the Inter-American Legal Committee (CJI). This event is scheduled to take place in Panama City from March […]
An exhibition titled Symbiosis of the Chinese Zodiac opened at the Tocumen International Airport in Panama on Dec 19 and will run until Jan 20. Thirteen paintings by Sally Huang, a Chinese Panamanian artist and a doctor of art from Beijing Normal University, are presented at the exhibition, which combine the freehand brushstrokes of traditional Chinese paintings […]
Panama eliminates the selective consumption tax of the import tax and other levies on equipment for the construction, operation and maintenance of power plants and/or solar installations with Law 417 of December 27, 2023. This was legalized and in force in the Official Gazette number No. 29938-A of December 27. Rosilena Lindo, National Secretary of […]
The U.S. Embassy in Panama announces the opportunity to finance projects, through the Small Grants Program of the Regional Security Initiative in Central America. The initiative is a way to stimulate proposals for programs that advance democracy, transparency and responsibility in Panama, that cover budgets between 150,000 and $500 thousand. The U.S. Embassy in Panama […]
In order to strengthen the electrical infrastructure in the Central American region, senior executives of the Electrical Interconnection System of the Central American Countries (SIEPAC), met with directors of the Empresa de Transmisión Eléctrica, S.A. (ETESA), to learn about the Synchrono-Static Compensator, (STATCOM), which operates in the Panama II Substation. With this visit that marks […]
The National Secretariat of Science, Technology and Innovation (Senacyt) and the City of Knowledge Foundation (FCDS) have launched the project “Mangrove sentinels of climate change: monitoring, vulnerability and resilience of marine-coastal ecosystems in the Bays of Panama and Chame.” The main objective of the initiative is to implement a comprehensive program of monitoring mangroves in […]