Category: Economy
Panama economy news: growth, prices, jobs, public finances, trade and the business decisions affecting residents, investors and expats in Panama.
Subsidy approved for the SUNTRACS strikers
The Single Trade Union of Construction and Similar Workers ( Suntracs ) continued this Friday, May 4 with the granting of the strike subsidy to the workers who started this measure since April 18. + info $ 9 million, disbursement that Suntracs must assume in two weeks of strike Varela on the Suntracs strike: ‘we…
ACP and tugboat captains to meet today
Members of the Commission for Public Infrastructure and Canal Affairs of the National Assembly urged the directors of the Panama Canal Authority (ACP) and captains and mariners of tugboats to seek an understanding of the conflict between both parties. The transit through the neopanamax locks was interrupted on April 12 by several tugboat captains, who…
Uber service extension rejected
Carriers leaders yesterday expressed their rejection of the Government’s decision to allow an extension for six months (until October 31, 2018) so that operators of technology platforms such as Uber can cash in for the service provided. Carriers object to the modifications made by the Ministry of Government to Executive Decree No. 331 of October…
Young people in Panama finding it harder to get a job
When it comes to finding a job , young people have the most difficult task. Be men or women, live in Panama, London or the United States. In the Panamanian case, it is estimated that each year about 70,000 young people intend to enter the labor market, according to official statistics, but are at least…
Rice farmers ask for 10 million in government incentives
Next May 15, rice producers nationwide will have five and a half months of not receiving the payment of $ 7.50 per quintal that is part of the National Agreement for Agro, which dates from 2014 and will add $ 10 million to that date. Given this fact, the members of the Association of Rice…
Panama needs to create 30,000 jobs a year to maintain good unemployment rate
The country needs to generate 30 thousand jobs a year to maintain a healthy unemployment rate INTERVIEW The vice-minister of Economy, Gustavo Valderrama, focuses the fall of unemployment and retail consumption in the lack of specialized labor and a projection of the business sector based on the growth of the last five years. So he spoke…
Gorgas Memorial Instititute pleads for new campus
The Gorgas Memorial Institute for Health Studies (Icges) is a center for research and prevention of diseases inaugurated in August 1928, which over the years has become the reference laboratory of Central America. At present, the institution has established challenges, ranging from the construction of a new Gorgas Campus, the development of a vaccine against…
Consumer complaints surpass 14 million dollars in the Acodeco
Consumers affected by different reasons in the commercialization of goods and services presented 894 complaints for a total amount of $ 14,940,163.00, to the Consumer Protection and Defense of Competition Authority (Acodeco) during the first quarter of this year. The administrator, Oscar García, said that the attention of the complaints presented by consumers is one…
Miviot making housing progress in Curundu
With the work of emptying concrete in walls and slabs of apartments A10, A9, A8, A7 and A6 of building # 1, the Nueva Vida building project, built by the Ministry of Housing and Territorial Planning (Miviot) in the corregimiento of Curundú. Carlos Franco, national deputy director of Engineering and Architecture of the entity, said…
Dolega banking on organic brown sugar
The producer Arcadio Pitty explained that the process for the confection of the candy consists first in cutting the cane of sugar Dolega With the objective of promoting the activity of panela or raspadura, the farmers of Palma Real and Rovira de Dolega, in Chiriquí, manage with MIDA that their product is certified as organic…