Construction: 30 More Days of No Activity


News from Panama

Due to the health emergency, the Ministry of Health of Panama decided to extend the temporary suspension of the construction activity for a 30-day period, under the same terms expressed in Decree 506 of March 24. Weeks ago, it was reported that starting Wednesday March 25 and for a period of 30 days, Panama decreed […]

May 6, 2020

Panama: Temporary Closing of Gas Stations Authorized


News from Panama

The National Energy Secretariat authorized the service stations that sell gasoline in the country to temporarily close their operations in the context of the health and economic crisis. Resolution N. 4730 of April 23, 2020, allows those service stations that due to low sales volume, and whose location does not affect agricultural, logistical, commercial and […]

May 6, 2020

Banks Would Be Forced to Consolidate Debt


News from Panama

In Panama, the Assembly approved in third debate a bill that seeks to force banks to consolidate customers’ debts, regardless of their credit history. According to Article 4 of the approved law, “… all credit obligations that the debtor has, regardless of the risk category or default status that these obligations register in the credit […]

May 6, 2020

Consumers in the New Commercial Era


News from Panama

Less impulsive and more reasoned purchasing decisions and the search for product and supplier information on the Internet and social networks are some of the characteristics of consumers in the new business environment. Given the spread of covid-19, health authorities in Central American countries have been forced to restrict the mobility of people and have […]

May 6, 2020

Business chamber touts home delivery as first restart step


News from Panama

Economic sectors where there is less risk of transmission and with low public contact should be allowed to function in the midst of the pandemic caused by Covid-19 said  Panama’s Chamber of Commerce, Industry, and Agriculture on Sunday, April 3.   The chamber’s president Juan de la Guardia said that his union has already held […]

May 6, 2020

Panama’s economic revival to begin in May


News from Panama

Panama’s President Laurentino Cortizo announced yesterday that domestic economic revival could begin in May with the lifting of restrictions on some businesses and industries in an attempt to ease a wave of popular protests.   On an intervention via the radio and television chain, the president also explained that there are protocols to resume normality […]

May 6, 2020