Here is one of the best articles that I have read about Panama’s commitment to rid the country of CCP that appeared in Americas Quarterly. “This Panama Papers stuff? It’s time to erase all that,” said President Laurentino Cortizo, during a live press conference on April 7. “That’s not the Panama the world has seen in […]
Analyzing the economic and financial situation of the company, implementing a resistance plan, identifying what products customers need and what opportunities can be exploited in this context, are some of the tips for businesses in the new and complex reality. In response to the arrival of the covid-19 virus in the region, Central American economies […]
In the third debate, the National Assembly approved the bill that considers the suspension of charges for electricity, fixed and mobile telephony and Internet services for four months. This benefit will be available to self-employed workers, micro and small businesses, which have been affected in their income, as well as owners of restaurants, bars, casinos, […]
Suppliers estimate that March marine fuel sales in Panama were down by at least 25pc from a year earlier because of reduced vessel traffic amid the coronavirus pandemic. Sales fell by at least 112,400t from March 2019 to total less than 337,000t. Suppliers said demand has been fluctuating widely in March, with some days bringing […]
Panama has in recent years invested billions of dollars to establish itself as a top commercial, logistical and air transport hub in the Americas. That has also made it prone to opening its doors to diseases like COVID-19, caused by the novel coronavirus. With 90 air connections to 34 countries in the Americas and Europe […]
In response to the country’s health crisis, 15 banks have granted a 90-day extension for their customers to make their personal credit card, home mortgage, vehicle and personal loans. Until March 31st, the financial institutions that confirmed that had granted the extension to their clients are BAC Credomatic, Banco General, Banistmo, Banco Nacional, Global Bank, […]
Fitch Ratings agreed to change the perspective of the region’s banks from stable to negative, arguing that the current health crisis will affect financial institutions in all countries. Considering the measures that countries have adopted in the last 15 days in economic matters, following the spread of covid-19, Fitch expects that there will be a […]
In response to the health crisis facing Panama, the sector’s union requested government intervention to suspend rent collections and payment of employer’s fees. On April 1, 2020, the Association of Restaurants and Related Industries of Panama (ARAP) sent a note to the Presidency of the Republic, in which they requested that given the crisis that […]
Panama is taking a new — if somewhat unorthodox — measure to combat the spread of the novel coronavirus: separation of the sexes. Starting on Wednesday, only women will be able to leave their homes to buy necessities on Monday, Wednesday and Friday. Men in Panama will be allowed to venture outside to run errands […]
Marisel Salazar writes in Vinepair about last years round of Geisha sales. In May 2019, Lamastus Family Estates crushed the record for highest score in the prestigious Best of Panama (BoP) coffee competition created by the Specialty Coffee Association of Panama. Of a total of 174 coffees submitted to the competition, 78 of which were […]