Something to look at for Ex-Pat owners of income properties

https://www.prensa.com/impresa/panorama/reforma-a-la-ley-sobre-arrendamientos-se-mantiene-en-consulta/ The Ministry of Housing and Land Management (Miviot) consults with various sectors to make changes to Law 93 of October 4, 1973, which dictates measures on leases in the country. The draft of a change proposal, which the Miviot sent to some unions on September 8, has raised criticism among some sectors. The complaints point…

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What is “Bojal’a” and what does it mean to Chiriqui?

ANSWER: Delicacy fish to be farmed responsibly with US corporation. https://www.martesfinanciero.com/portada/el-golfo-de-chiriqui-atrae-millonaria-inversion-en-acuicultura/ The US-owned company Forever Oceans Panama will plant bojalá in the Gulf of Chiriquí and its first production will be exported to the United States in 2021. In October 2020, a US investment group will begin planting bojalá on sea farms in Charco Azul…

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Nito plans to fine tune reopening. ( Bad news for his underlings that are fleecing country)

https://www.laestrella.com.pa/economia/200430/panama-afina-plan-reapertura-economica The Panamanian government refines plans for the gradual reopening of the country. The president, Laurentino Cortizo, said he has been working on the plan for the new normal and hopes that by tomorrow it will be “quite well tuned.” Cortizo said he hopes that the plan for the new normal can begin to be implemented…

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Pay attention to your leaders in times of crisis PANAMA

DIRTY POOL being PLAYED ABOUND https://www.prensa.com/impresa/panorama/leyes-no-facilitan-despilfarro-de-fondos/ The pandemic crisis justified the granting of an exception within the Public Procurement Law to the Ministry of the Presidency , which has become some questionable contracts. The pressure to acquire urgent goods to attend to health problems and the speed of the state response face the legal framework of the…

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Panama poised to rise after Corona subsides according to Moody’s

https://www.laestrella.com.pa/economia/200416/panama-sera-pais-rico-america-latina-2021-calificadora-moody-s Risk rating agency Moody’s evaluated Panama rated the country’s investment grade in baa1 with a stable expectation and strong growth in the medium term, although in lower percentages than in the last decade. Said rating is subject to very specific factors that the firm trusts will be implemented in the country such as: a…

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Revisiting topic of Panama beachfront. Crucial vote forthcoming

I/E: Don’t F- – K this up people!! https://www.prensa.com/sociedad/semana-crucial-para-el-futuro-del-proyecto-de-recuperacion-de-playas-en-la-ciudad-de-panama/ Amid a controversial debate about whether it is necessary to invest about 120 million dollars in the project to recover beaches in Panama City, this week defines the future of this initiative that drives the City Hall. Voices for and against have faced an intense debate,…

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Amid bad news,,,,,Panama economy showed strong growth in 4th Quarter

https://www.prensa.com/economia/economia-cerro-el-2019-con-3-de-crecimiento/ The Panamanian economy grew 3% at the end of 2019, which meant an increase of $ 1,256.8 million, to end with a gross domestic product (GDP), in absolute terms, of $ 43,061 million. The indicator was reported the afternoon this Monday, March 2 by the National Institute of Statistics and Census (INEC) of the…

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Superhero movie bringing needed jobs to impoverished area of Colon

https://www.prensa.com/economia/las-plazas-de-empleo-que-genera-la-filmacion-de-escuadron-suicida-ii/ A group of colonists showed satisfaction for the employment opportunity generated by the shooting of the film Suicide Squad II , which uses locations between 7th and 9th streets and Amador Guerrero and Justo Arosemena avenues, in the city of Colon. Sequence of ‘Suicide Squad II’ will be filmed in the North and South Neighborhoods of…

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WOW, a massive contract that Odebrecht did not win. Pinch me

https://www.prensa.com/economia/metro-de-panama-adjudico-hoy-a-consorcio-hph-joint-venture-diseno-y-financiamiento-de-la-linea-3/ The Panama Metro awarded the HPH Joint Venture Consortium on Tuesday, February 4, the design, construction of civil works and financing of the third line of the transportation system. The HPH Consortium is made up of the Korean Hyundai Engineering & Construction and Posco E&C. The ACPC Consortium, formed by the Spanish Acciona and the Asian Power China; China…

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Official handoff to new Comptroller

https://www.laestrella.com.pa/nacional/191230/humbert-entrega-llaves-despacho-nuevo-contralor-gerardo-solis Federico Humbert made the official delivery of the keys of the superior office to the new comptroller, Gerardo Solís, marking the end of the transition process. Solís will begin his duties next Thursday, January 2, 2020. The symbolic delivery of the keys occurred in parallel to a tour of the different addresses of the…

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