Category: Economy
Panama economy news: growth, prices, jobs, public finances, trade and the business decisions affecting residents, investors and expats in Panama.
Panama signs new Free Trade Agreement with Israel
In the framework of the meeting between the president of Panama, Juan Carlos Varela and the Prime Minister of Israel, Benjamin Netanyahu, the signing of a Free Trade Agreement and a memorandum of understanding on agricultural matters was celebrated. The Free Trade Agreement, signed by the Minister of Commerce and Industry, Augusto Arosemena and his…
Lufthansa (largest German carrier), and other airlines to increase traffic to Tocumen
The inventory of air frequencies is expanded. Several airlines have announced new frequencies from Panama in order to expand their service in the region and meet the demand of their customers. As of November 3 of this year, the German airline Lufthansa will add an additional frequency to its route Panama City-Frankfurt, totaling six flights per…
Parque Porras set for SUNTRACS assembly ahead of arbitration meeting
The construction workers affiliated to the Suntracs begin to arrive at the Porras Park for the General Assembly in the debate about the continuity or not of the strike that today has 27 days. The assembly is scheduled to start at 10:00 in the morning and according to the leaders of the Suntracs the slogan…
Insect that ravages coffee harvest may have hope to being mitigated
When the rainy season begins, the insect of the coffee borer takes advantage to attack. The Hypotenemus hampei , also known as coffee borer, punches the mature grain and severely damages the quality and flavor of the product. Its effect is so devastating, that it reduces coffee production by 50% or more, depending on the…
Class system struggles awash all of Venezuela under Maduro rule
Corina lives in a luxurious house but can not frequent restaurants; Federico , journalist, does not have for the cinema; and Alida , a seller, longs to eat chicken but it is not enough. Even with their class differences, the crisis changed their lives. The arepa – corn tortilla typical of Venezuela – is eaten…
FACEBOOK enters alliance with Latin America; 1.9 Million Panamanian users
Facebook signed an alliance with Cisneros Interactive that makes the latter the official commercial representative of the social network in nine countries in the region: Panama, Puerto Rico, Guatemala, the Dominican Republic, Costa Rica, Uruguay, Bolivia, Ecuador and Paraguay. At present, 1.9 million Panamanians enter Facebook every month, of which 1.8 million do so through…
CCIAP calls for oversight of discretionary spending
The Chamber of Commerce, Industries and Agriculture of Panama (CCIAP) yesterday asked the National Assembly to stop the discretionary use of State resources through the deputies. In a pronouncement of this business entity signed by its president, Gabriel Barletta, the CCIAP asks the members of the Assembly to fulfill the function for which its members…
Spending leading to a large spike in debt, Warnings issued
Economists consulted by La Estrella de Panama pointed out that the increase in Central Government expenditures versus total revenues could increase the country’s fiscal debt. Much of that debt, they added, could be purchased to meet the commitments and campaign works of the current government administration, which is about to end. The opinions came to light after,…
China continues to explore investing in Panama
A mission of the China Chamber of Commerce for the Import and Export of Machinery and Electronic Products (CCCME) is located in Panama to explore investment and business opportunities in the country. The delegation of more than 30 businessmen from the sectors of energy, urban construction, machinery, environment, electronic products, technology, textiles and transport participates…
Increasing numbers of public debt released
The balance of the public debt rose to $ 23 thousand 673 million in the first quarter of 2018, reported the Public Financing Directorate . The figure represents an increase of one thousand 710 million dollars compared to the balance one year earlier. In March 2018, the Government received disbursements for $ 443.8 million, among…