Panama: No More Price Control?


News from Panama

The brand-new Cortizo administration announced that it will gradually eliminate the price control system for 22 products of the basic basket, in force since July 2014. The measure, which was initially announced as temporary, became permanent in the country, as it came into force on July 7, 2014, and during the Varela administration it was […]

July 9, 2019

Panama: How Does Fitch Think About the New Government?


News from Panama

The qualifier is expecting that with the arrival of Laurentino Cortizo to the presidency, “priority will be given to a constitutional review aimed at strengthening institutions, reinforcing the separation of powers and improving controls and balances.” On July 1, Laurentino Cortizo assumed the presidency of Panama, who assumed power after promising a campaign to reactivate […]

July 9, 2019

The Cortizo Era Begins


News from Panama

Laurentino Cortizo, who came to power after promising a campaign to reactivate the economy, make constitutional reforms and make structural changes in several entities, assumed the presidency of Panama on July 1. Laurentino Nito Cortizo Cohen, a member of the Democratic Revolutionary Party, won the presidential elections by a narrow margin at the beginning of […]

July 9, 2019

Eating and Dining in Boquete Part 2


News from Panama

OMG – Fried Chicken and Fried Pickles in Boquete’s newest Sports Bar Soooo good!! TAPOUT Sports Zone has opened and what a place.  The Carta Vieja rum flows like water from the bar.  This place will enhance Boquete with activities relating to sports and music. Tuesday they had the Women World Cup game between USA (winners!!) […]

July 3, 2019

What I am watching now – How Wolves Change Rivers


News from Panama

This short video (< 5 minutes) has been viewed more than 40 million times. It’s an incredible visual portrait of how wolves can help—literally—change the course of rivers. Though highly simplified, this video showcases a beautiful, critically important, and woefully underappreciated phenomenon called trophic cascade. I have just one edit suggestion for the video owner, […]

July 2, 2019

Coffee: Which Markets Are Willing to Pay More?


News from Panama

By analyzing the behavior of the global market, it is established that Holland, Switzerland and Germany are willing to pay a higher price for a distinctive cup of coffee. Between the Committee of Distinguished Coffees of the guild of exporters of Guatemala and the European Union, they carried out the study called “Trends and Opportunities […]

July 2, 2019

Hotel Occupancy Begins 2019 with Slight Increase


News from Panama

The latest report of the General Comptroller of the Republic, details that only in March the daily average of occupied rooms registered an 8% increase over the same month last year, growing from 4,644 to 5,017. You may be interested in “Tourism and air connectivity” During the first three months of 2016, 2017 and 2018, […]

July 2, 2019

Construction: Activity Falls, But Wages Rise


News from Panama

From July 1, the second increase in the minimum hourly wage for construction workers in Panama comes into effect, which occurs in a context of considerable decline in the sector’s activity. The increase is part of the Collective Bargaining Agreement CAPAC-Suntracs, whose negotiation ended a strike that in 2018 lasted more than 30 days. According […]

July 2, 2019