Panama- 834 pandemic profiteers sanctioned


News from Panama

Panama’s Consumer Protection Authority (Acodeco)   has fined  834 merchants who did not comply with “the profit margin”,  for the sale of face  masks and other anti -virus products during the coronavirus pandemic Acodeco officials detected irregularities and among the products with the greatest number of anomalies are disinfectants, alcohol for external usel alcohol, gel  disposable […]

June 16, 2020

Construction: Resuming Activities Postponed Again


News from Panama

Due to the outbreak of covid-19 the Panamanian Ministry of Health decided to extend for the third time and for 15 more days the temporary suspension of the construction activity, in the same terms expressed in Decree 506 of March 24. The spread of the virus forced the health authorities to suspend construction work in the country. In the first […]

June 16, 2020

Food, Fitness and the New Reality


News from Panama

What to consume, what to stop consuming, which habits to adopt to improve health and to which lines of expenditure to invest more financial resources, are some of the questions that consumers in Central America are asking in the context of the new normal. The covid-19 outbreak generated a revolution in the markets of Central America and its different […]

June 16, 2020

Mining Company: Legal Measures to Resume Operations


News from Panama

Minera Panama filed a protection action, because since April 6 the Ministry of Health ordered the closure of the Donoso mining project, for reporting an outbreak of covid-19 among the company’s staff. The Ministry of Health (Minsal) suspended the activities of the mining project located in the province of Colon, after several workers became infected with covid-19 and two of them […]

June 16, 2020

Liquor Sales: Pressure to Lift Restrictions


News from Panama

In Panama, the guild of companies in the alcoholic beverages sector are asking the authorities to put an end to the Dry Law, which has been stricter in the context of the covid-19 outbreak and the decreed home quarantine. In order to reduce crime and avoid crowding, the authorities had prohibited the consumption, sale and distribution […]

June 16, 2020

Apocalyptic sci-fi thriller Panama bound


News from Panama

If the effects of the still expanding  coronavirus pandemic and  climate change have not shaken your  hopes for the future if the planet a new Russian   movie which  will likely reach Panama by year-end  will give you a post-pandemic shake-up The apocalyptic sci-fi thriller ‘The Blackout has secured distribution in more than 90 countries, including […]

June 16, 2020

Panama- Supreme Court extends suspension as Covid expands


News from Panama

Panama’s Supreme  Court has extended the suspension of judicial terms until June 21 in the first, second and third judicial circuits, following the increase in cases of Covid-19. The measure was announced on Monday, June 8  following an extraordinary plenary of the court. The suspension includes the districts of Panama, San Miguelito, Arraiján, La Chorrera, […]

June 16, 2020

Fitch Affirms MMG Bank’s IDR at ‘BBB-‘; Outlook Negative


News from Panama

Fitch Ratings – Monterrey – 09 Jun 2020: Fitch Ratings has affirmed MMG Bank Corporation’s (MMG) Long-and Short-Term Issuer Default Rating (IDR) at ‘BBB-‘ and ‘F3’, respectively. In addition, MMG’s Viability Rating (VR) has been affirmed at ‘bbb-‘. The Rating Outlook on the Long-Term IDR is Negative. Fitch also affirmed the bank’s Long-Term National Rating […]

June 16, 2020