Category: Economy
Panama economy news: growth, prices, jobs, public finances, trade and the business decisions affecting residents, investors and expats in Panama.
Years after Mossack/Fonseca and “Panama Papers”, our country still WASHING a great deal
https://www.laestrella.com.pa/nacional/220524/panama-obtiene-alta-puntuacion-opacidad Panama is responsible for 1.4% of financial secrecy risks worldwide. This is established by the Index of Financial Secrecy (IFS, for its acronym in English), which is prepared by the Tax Justice Network, an international network for tax justice based in London, which reveals the extent to which countries can hide and launder money. The…
Putin’s senseless war affecting GLOBAL supply chain. In particular, PANAMA
https://www.laestrella.com.pa/economia/220519/guerra-ucrania-frena-recuperacion-economica The war in Ukraine is slowing down the fragile economic recovery that the world had begun after the covid-19 crisis, the UN said on Wednesday, lowering its global growth forecast for this year from 4% to 3.1% and warned that the deterioration may end up being even greater. The United Nations expects the…
Amazing? I agree with Nito on Crypto stance
There has not been much that I have agreed with under the leadership of Cortizo. Yet I find it refreshing he is taking a measured and intelligent approach in these uneasy economic times to gather more information on this “made up” money of Cryptocurrency. https://www.laestrella.com.pa/economia/220519/cortizo-negara-firmar-proyecto-ley-regula-criptomoneda During his participation in the Bloomberg New Economy Gateway Latin…
How is Ukraine war affecting Panama supply chain?
https://www.laestrella.com.pa/economia/220315/220316-productos-panama-mas-importa-ucrania-verse-afectados-guerra Although in the trade balance the volume of trade between Ukraine and Panama is not as high compared to other countries in the world, there are certain productive sectors that could be affected by the Russian invasion and by the increase in fuel costs that is being generated in the wake of the war….
EX-PAT ALERT: Beware Crypto Currency offerings in Panama
I just saw a very riveting documentary on NETFLIX entitled “Trust No One- The Hunt for the Crypto King” https://www.netflix.com/pa-en/title/81349029 I have ALWAYS been of the opinion that “Crypto” is nothing more than some dystopian millenial created bullshit!! In like “Hey, we can’t go out and make REAL money, so why not create a currency of…
Great article about the “Impunity” I have mentioned occurring in Panama. Global “Black List
While the government is preparing for a face-to-face meeting with the Gafi in May and September, the World Compliance Association, a chapter in Panama, says that the first problem that Panama has to tackle is ‘to see the real problems as a country when it comes to to comply with the laws. https://www.laestrella.com.pa/nacional/220318/listas-grises-negras-debe Until now,…
As Russia sanctions tighten, Panama sees rise at the pump
https://elsiglo-com-pa.translate.goog/panama/precio-gasolina-diesel-aumentan-desde-este-viernes/24195767?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc&_x_tr_sch=http The price of gasoline and diesel suffer another increase. This Friday, at 6:00 am the new maximum prices come into effect Increase. The price of gasoline and diesel suffer another increase. This Friday, at 6:00 am The new maximum sale prices of liquid fuel in Panama begin to take effect. In the provinces of Panama and Colón, a liter…
Panamanian “Staycations” are boon to economy during Carnival
https://elsiglo-com-pa.translate.goog/economia/200-millones-genero-turismo-interno-durante-dias-asueto-carnavales/24195549?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc&_x_tr_sch=http The average cost per person between food, transportation and recreational activities is around 200 balboas An economic impact of approximately 234 million balboas in internal tourism was generated during the holidays due to the celebration of the Carnival party, according to the Statistics Department of the Panama Tourism Authority (ATP). According to official reports,…
Bean counters BULLISH on Panama recovery for 2022
https://www.laestrella.com.pa/economia/220221/panama-mantiene-proyecciones-estables-2022 Despite the shocks caused by Covid-19, the Panamanian economy remains afloat and the figures remain stable with an upward projection at the end of 2022. This means that there will be a recovery of important items in the economy, according to Torino Economics, the subsidiary of Torino Capital Group Company, a well-known investment bank…
Interesting look into Panama bay growth
A visible retrospective of Panamanian growth over the years. https://www.laestrella.com.pa/nacional/220219/transformacion-frente-costero-ciudad-panama The vertiginous process of transformation of the sea front of Panama City has been characterized by legal controversies, regarding the legality or not of transferring as private property, the filling of areas such as the seabed, mangroves and beaches. View of the Amador Causeway…