Panama: Deadline Extended for Rent Payments


News from Panama

In order to give individuals and corporations the opportunity to catch up with this obligation interrupted by the pandemic, authorities extended until July 17 the deadline for declaring income tax payments. The term to cancel this commitment with the Panamanian State expired on March 31, 2020, and an extension was added until May 30, given […]

May 25, 2020

Real Estate Market: Prices in the New Reality


News from Panama

It is predicted that in Panama due to the health and economic crisis the inventory of available properties will increase, a situation that will put downward pressure on property prices and rents, affecting mainly the office and commercial space segment. Directors of the Panamanian Association of Real Estate Brokers and Developers (Acobir) estimate that in […]

May 25, 2020

IFF Panama Film Match Prizes Costa Rica’s ‘Los Ultimos,’ Panama’s ‘The Journey of Kokodrit’


News from Panama

Costa Rican documentary “Los Últimos,” by Álvaro Torres Crespo, won the $10,000 IFF Panama Film Match Award, in the first edition of IFF Panama Film Match – the Panama Film Festival’s Cinematographic Co-Production Forum for Central America and the Caribbean, supported by the IDB Lab. Initially planned as an integral part of the on-site film festival, the […]

May 25, 2020

Weeks After Sanctions, Russian Oligarch Received $50 Million “Antiquities” Shipment Labeled “Fabergé” at Panama Address


News from Panama

On April 28, 2018, an unusual shipment left Russia, bound for Panama. The shipment included two small packages each weighing just 900 grams (2 pounds) with packaging, and under 200 grams without. Their small size belied their worth; shipping documents valued them at $55,063 and $163,089.63, respectively. A third package — the most intriguing — […]

May 25, 2020

Panama reopening in 14-day steps


News from Panama

The process of reopening towards the “new normal” in Panama will see a block of activities reopened every 14 days, although that will depend on the Rt being below 1 said Health Minister Rosario Turner on Wednesday,  May 21 at a meeting between President Cortizo, government ministers and business leaders. The   Rt is currently below […]

May 25, 2020

Some Thoughts About Being Safe


News from Panama

We have all had time to think about what we will do (and won’t) when we finally open up as many States are doing in the US.  Panama is still under strict quarantine rules and our efforts have paid off. That said, Coronovirus in some shape or form will always be with us, it is […]

May 20, 2020

Cleaning Supplies: Profit Margins Declared


News from Panama

In Panama, the government established the maximum gross profit margin in the entire commercialization chain, for different personal hygiene, cleaning and consumption items, which are of primary need. According to Decree 152 dated May 13, the measure decreed is with the aim of mitigating the outbreak of covid-19 and to give the general population access […]

May 19, 2020

Companies in the Age of Confidence


News from Panama

Making safety and hygiene protocols visible, communicating the cases of covid-19 of its personnel and applying technology in processes to generate trust among its clients are some of the changes that companies must apply in this new business context. The health emergency and the economic crisis resulting from the covid-19 outbreak changed everything at a […]

May 19, 2020