Economy

Final Qtr- of 2023 reported STRONG growth in the Republic GDP.

https://elsiglo-com-pa.translate.goog/economia/producto-interno-bruto-trimestral-crecio-89/24242734?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc&_x_tr_sch=http Bracho: this growth translates into an increase in the hiring of people and greater income for companies The Quarterly Gross Domestic Product (GDP) grew 8.9% compared to the same period in 2022 during the first nine months of 2023, according to data from the Comptroller General of the Republic. …

Economy

Cortizo active on sessions to discuss 2024 budget before end of calendar year.

https://www-laestrella-com-pa.translate.goog/panama/nacional/cortizo-convoca-sesiones-extraordinarias-para-discusion-del-presupuesto-2024-EB5663622?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc Deputies will only have to discuss a single issue between December 21 and 31 The President of the Republic, Laurentino Cortizo, called the National Assembly to extraordinary sessions from December 21 to 31. The deputies must analyze bill 1041, which dictates the State budget for the fiscal year 2024. …

Economy

“Costa del Este” forming into the Monaco of LATAM real estate in terms of pricing.

https://www.laestrella.com.pa/economia/costa-del-este-el-barrio-mas-caro-de-america-central-CB5672602 An investigation carried out by three real estate portals places Costa del Este as one of the places where it is most expensive to buy apartments Buying an apartment in the exclusive neighborhood of Costa del Este, in the town of Juan Díaz, in Panama City, is more expensive …

Economy

PANAMA to host leading TOURISM SUMMIT in 2024.

https://en.travel2latam.com/news-84985-panama-will-host-the-world-adventure-tourism-congress-in-2024 The most important global adventure tourism association, ATTA, has chosen Panama as the next venue for the Adventure Travel World Summit 2024 (October 7 to 10), an event that will position the country in international tourism markets as an adventure destination. and conventions The General Administrator of the ATP, …

Economy

Bleak job outlook for “young” Gen-Z Panamanians

https://www.laestrella.com.pa/economia/231204/jovenes-representan-54-desempleados-pais   The recent results of the Labor Market Survey as of August 2023, carried out by the Institute of Statistics and Census (Inec), which collects the evolution of employment, marked a strong trend of the crisis experienced by Panamanian youth employment. In the reference month of the survey, the …

Economy

As was case with “Moody’s” – “Standard and Poors” is downgrading Panama.

https://www.laestrella.com.pa/economia/231108/s-p-mantiene-calificacion-riesgo-panama-bbb-ajusta-perspectiva-negativa The risk rating agency Standard & Poor’s Financial Services LLC (S&P) maintained the investment grade risk rating for Panama at “BBB”, but adjusted the outlook from “stable” to “negative”, as a result of the recent protests and closures. of streets against Law 406, the Ministry of Economy and Finance …

Economy

Panama’s issues with canal drought, will impact negatively on MOODY’s credit rating.

A worsening of the phenomenon would affect exports of raw materials and goods from the US East Coast and the Gulf of Mexico, such as grain, oil and gas. Moody’s Investors Service warned that the drought crisis presented by the Panama Canal will be aggravated by the return of the …

Economy

Great exposure for Panama in FORBES.

https://www.forbes.com/sites/petertaylor/2023/09/11/foreign-buyers-are-finally-cooling-on-americas-overheated-housing-market-thats-great-news-for-panam/?sh=148753d7362e The American residential real estate market rarely rocks headlines—despite economically accounting for the largest single share of U.S. gross domestic product (+/- 17%). The Great Recession pushed real estate front and center in the media for a while as the banks collapsed back in 2008. Covid subsequently upended where …

"JB"

What a CROCK of BULLSHIT!!! “Financial Expert” my ASS!!!!! RED FROG propaganda

Editorial:  James “JB” Bryson I thought today’s earlier post was enough to satisfy my itch to shed light on RED FROG. Then I see this rotten piece of a dumpster fire video on YOU TUBE.  (thank you “Brigade”). https://www.youtube.com/watch?v=C_xmA9694Tw “Financial Expert” David Clark- that lovely British accent makes him sound …

Economy

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 …

Economy

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 …

Economy
2

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 …

Economy

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 …

Economy

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 …

Economy

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, …

Economy

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 …

Agriculture

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 …

Economy

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, …

Economy

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 …

Economy

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 …

Economy

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 …

Economy

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 …

Economy

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. …

Economy

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 …

Economy

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 …

Economy

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 …

Economy

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 …

Economy

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, …

Agriculture
1

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 …

Economy

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 …