In the 2019 Travel and Tourism Competitiveness Index, Costa Rica, Panama, Honduras, El Salvador and Guatemala fell back in the ranking, while the Dominican Republic was the only country that improved. According to the report prepared by the World Economic Forum, during 2019 Costa Rica ranked 41 out of 140 countries. It was followed by […]
Authorities from both countries met to review pending procedures related to the export and import of products such as tomatoes, beef, chicken, fish and sausages. The bilateral agenda also addressed the issues of international cargo transport, smuggling at border crossings, streamlining procedures and efficiency in processes, as well as the provision of facilities and measures […]
Since October 1, technological platforms dedicated to transport services operating in Panama will no longer be able to collect cash from their customers, therefore, payments must be made electronically. The Transit and Land Transportation Authority (ATTT) announced that since enough time has been allowed, no further extension will be established for cash payment related to […]
Reported irregularities in the awarding of a contract to build a fourth bridge over the Panama Canal could potentially delay the start of construction and may have wider implications. The alleged irregularities were uncovered in a probe conducted by members of the national assembly’s public infrastructure committee. Legislator Roberto Ábrego (pictured, second from right), head […]
The clothing and sporting goods brand Reebok opened in the Multiplaza Pacific shopping center a store focused on the female market. Lauriane Pedri, Reebok Brand Manager, told Elcapitalfinanciero.com that “… Panama was chosen as the pilot country to have the first Reebok Women Store in the world, because we bet that it will be the […]
Panama this year elected a new President. Is English still on the agenda, as it was with the previous government? And how does the country fare in terms of English speakers generally? Panama has come a long way economically. The Central American country of little over four million has seen its economy grow at a […]
The Island Princess was the first cruise ship through the Panama Canal to mark the start of the 2019-2020 season, according to a press release. According to Senior International Trade Specialist, Albano G. Aguilar, the Canal will facilitate approximately 258 transits over the next few months, including a record-breaking number by Neopanamax vessels. “We will […]
The introduction of natural gas and incorporation of non-conventional renewable energies has transformed Panama’s energy matrix, previously dependent on hydropower, and diesel and bunker-fueled generation. The reference scenario of state power company Etesa’s national interconnected system expansion plan (PESIN) forecasts a drop in the contribution from hydroelectric generation and the almost total displacement of power […]
Under the subject “Here we go again”. But, But But, it is different this time and can’t happen! Right. Submitted by Harris Kupperman of Adventures in Capitalism Miami has a highly cyclical property market where the magnitudes of the booms and busts dwarf anywhere else in the country. In my experience, trends in Miami real […]
For the company’s directors, the bill that seeks to regulate the operation in Panama generates “more uncertainty and affects the investment of multinational companies.” On September 9, a bill was presented to the National Assembly to amend “Executive Decree No. 331 of October 31, 2017,” by which it is intended to impose requirements on drivers […]