Category: Economy
Panama economy news: growth, prices, jobs, public finances, trade and the business decisions affecting residents, investors and expats in Panama.
FREE ZONE celebrates anniversary by showing immense growth
In its 75th anniversary, the Colon Free Zone (ZLC) seems to be sailing with a strong wind in its favor after a post-pandemic recovery, mainly due to the significant increase in the importation of raw materials for medicines. An analysis of the month of July (2023) indicates that the ZLC registered a 158% increase in…
More follow up on “REAL” Hospitality being offered in Panama
The VerdeAzul Hotels chain reaffirmed with its participation in Fiexpo Latin America 2023, which was held at the Panama Convention Center from June 19 to 22, its interest in the meetings and congresses industry in Panama. Fiexpo is a key event that brings together exhibitors and buyers from the meetings and conferences industry from around…
14 Banks in PANAMA face the potential of shutdown INTERNATIONALLY for Laundering
OP ED: “JB” Some of the most important banking Institutions in Panama were involved in a transaction! They were a group of well funded and established Panamanian banks also included was Ex President Ricardo Martinelli who also participated as an “investor”. The case involves the purchase of the long standing and recognized editorial group known…
PRD puppet Carrizo pounds chest on jobs report
Carrizo nabs credit for 101,976 jobs. Almost as much as the sq,footage of his new home. The Panamanian economy continues to be strong and until April of this year, it managed to generate more than 101,976 new jobs in a formal way, the presidential candidate for the Democratic Revolutionary Party (PRD), José Gabriel…
The one group of immigrants PANAMA “does” want to come over. Digital Nomads
The rise of remote or remote work, pushed by the covid-19 pandemic, opened the door to digital nomads. So much so that today it is one of the most frequently heard terms when talking about work trends and lifestyles in the world. A digital nomad is a person who uses the Internet to carry out their…
PANAMA leads the region in gender equality in the economic sector
Panama, for the second consecutive year, is the country with the highest percentage of women (37%) who enjoy financial inclusion, according to a Credicorp study carried out in eight countries. At the beginning of March 2022, Credicorp published its annual report Gender Gaps in Financial Inclusion 2022 in the region, in which it studied the…
Better and cheaper housing options available from US to address Low Income in Panama
These house look like Goddamn tool sheds!!! The National Government has assigned a starting transfer for $3,394,687 million to finish the Nuevo Cartí urbanization project, which aims to accommodate 300 families who currently live in danger of flooding and overcrowding on the Gardí Sugdub island, in Guna Yala. With the transfer of departure, the authorities…
Local fisherman will celebrate the temporary lift of Lobster ban
Fishermen from Bocas del Toro and the Ngäbe-Buglé region will have 51 days, a special period, to catch the Caribbean spiny lobster ( Panulirus argus ), based on Resolution No. 017 of the Aquatic Resources Authority of Panama (Arap). The authorization published in the Official Gazette 29757-A grants a special authorization for the capture of the crustacean to fishermen…
Gap widens in Panama between the “Haves” and “Have Nots
At the end of the 80s, the economist Williams Hughes presented, together with the sociologist Iván Quintero, the book “Who are the owners of Panama?”, an x-ray of the time of how economic and political power was distributed in the countryAfter 36 years of the first edition of that study, the situation has become more…
Panama setting sights high for 2023—expecting 6.5% growth in Economy. Maybe for the 1%
The Cciap provided recommendations for economic recovery The Chamber of Commerce, Industries and Agriculture of Panama (Cciap) assures that despite the low economic prospects for Latin America, the country maintains a projection of national economic growth for 2023 of 6.5%. “We hope that this number has a multiplier effect, benefits a large number of our…