Category: Economy
Panama economy news: growth, prices, jobs, public finances, trade and the business decisions affecting residents, investors and expats in Panama.
Panama trying to recover construction to pre-COVID levels
Historically, the construction sector is one of the main engines of economic growth in Panama. But during the covid-19 pandemic it was one of the most affected, falling by up to 50% (2020), and to date it has not achieved the growth levels it had before (pre-pandemic). The construction sector will close this year with a…
Keeping an eye on Panama inflation
Until October 2022, inflation in Panama accumulates a growth of 3.1%, compared to the same period in 2021. Only in October it reflected a year-on-year variation of 1.7%, according to the Consumer Price Index (CPI), of the Institute National Statistics and Census (Inec) published by the General Accounting Office of the Republic. The groups that…
PANAMA job market is reaching point of tipping over
“I have been out of work for four months. I’m looking for anything. The situation is very difficult!” exclaimed Jackeline Aguilar almost bursting into tears, as sweat ran down her pink cheeks due to the sweltering sun. The almost 40-year-old woman is among the more than 30,000 attendees who came from different parts of the capital…
Winds of change in the East as Singapore passes China as Financial hub
https://www-laestrella-com-pa.translate.goog/economia/220925/singapur-desbanca-hong-kong-principal?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc Singapore has overtaken Hong Kong as the main financial center in Asia, and ranks third in the world, according to the latest report from the Global Financial Centers Index, one of the reference sources for classifications in this sector, which places New York and London in the top positions. Until now, the third global…
Panama GDP continues to show strength,,,,,,,,,this just makes me think of how much is under table
http://elsiglo.com.pa/economia/crecio-98-segundo-trimestre-2022/24209524 Economic activities continue their recovery process after a prolonged period of sanitary restriction measures The performance of the Panamanian economy, in the second quarter of 2022, measured through the Quarterly Gross Domestic Product (PIBT), presented an increase of 9.8%, compared to the similar period of the previous year. GDPT registered an amount of B/.9,925.7 million…
In a world of financial chaos, PANAMA showing double digit GDP strength
The performance of the Panamanian economy, in the second quarter of 2022, measured through the Quarterly Gross Domestic Product (PIBT), presented an increase of 9.8%, compared to the similar period of the previous year. GDPT registered an amount of $9,925.7 million for the estimated period, which corresponded to an increase of $886.6 million. Economic…
USA: Please opine on state of affairs and poverty in the United States
https://www-laestrella-com-pa.translate.goog/internacional/mundo/220830/mujeres-ninas-vulnerables-guerra-bandas-haiti?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc Violence and lack of sanitation grip hundreds of women and girls who have been living in a camp installed since July 8 in a public square in the Haitian capital, where they settled after fleeing the war between gangs in Cité-Soleil, an area Metropolitan Port- au-Prince. They are women and girls who have lost…
Pharmacies claim discount will undoubtedly lead to increased unemployment
https://elsiglo-com-pa.translate.goog/panama/descuento-30-puede-generar-desempleo/24208296?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc&_x_tr_sch=http Pharmacy owners ask the Court to declare the regulation null The 30% discount on medicines, which came into effect on August 15, continues to cause hives. Owners of the pharmacies warn of millionaire losses in their premises, which can generate the unemployment of 4,500 workers. Members of the National Union of Pharmacy Owners (Unprofa) yesterday…
PANAMA aiming to change what is was best known for in 70’s
https://www-laestrella-com-pa.translate.goog/nacional/220819/panama-fortalece-sistema-prevencion-blanqueo?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc Panama updated the guidelines and guidelines for professionals who carry out activities subject to supervision, in order to raise the level of compliance with a risk-based approach, strengthen the money laundering prevention system, in order to favor the competitiveness of the country. This was established in agreement No. JD-02-2022, which replaces agreement No. JD-01…
Cocoa and Coffee take center stage for GDP
https://www-laestrella-com-pa.translate.goog/economia/220810/implementan-estrategias-fortalecer-produccion-cacao-cafe-panameno?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc Among the next actions to strengthen the Panamanian coffee and cocoa items is the creation of a national program. The implementation of strategies to strengthen the Panamanian coffee and cocoa sectors, as an alternative to improve the social and economic conditions of the country, was analyzed during a meeting between representatives of the Inter-American…