OP ED: Based on what we reported on during the year, thought this would be higher. I’m pissed I can’t rant a bit more. “JB” https://www.prensa.com/politica/millones-dolares-publicidad-gastaron-Varela_0_5339466030.html During the five years of administration of President Juan Carlos Varela , (2014-2019), the investment in advertising amounted to $ 26 million 447 thousand 107 with 66 cents ,…
The Economy and Finance Commission of the National Assembly approved this Wednesday in the second debate the bill 745, which allows a third moratorium, for the payment of property tax in surcharges. The president of the Assembly, Yanibel Ábrego, affirmed that the approval was born in response to the popular clamor and that the almost…
After 2018, with projected growth of around 4%, the most moderate in the current decade, projections indicate that the country’s economy will rebound at rates above 5% in the short and medium term. MEF: Panama is set to return to the FATF gray list Debt grows $ 2,710 million Panama’s GDP grew 3.6% through September…
One of the largest tobacco companies in the world has launched the cannabis market with an investment of $ 1.8 billion in Cronos Group , a Canadian medical and recreational marijuana company. Altria , which makes Marlboro cigarettes, is acquiring a 45% stake in Cronos. He added that the tobacco company will pay another 1.4…
The debt of the non-financial public sector increased by $ 322 million during the last year and stood at $ 24,376.7 million at the end of July. $ 24,386 million debt Since 2014, when the government of President Juan Carlos Varela began , the increase is $ 6,750 million, according to the reports of the…
All contributors to the Social Security Fund (CSS) that belong to the mixed subsystem of pensions have, as part of their personal savings component, a total of $ 821 million , according to the unaudited information of the institution, reported until 2016 . Mixed program reports $ 2,457 million in assets CSS pension money runs…
“It is very sad to see how the funds of all Panamanians were handled in such an irresponsible manner,” said Comptroller Federico Humbert , regarding the audits of payrolls and donations in the National Assembly . Deputy Adolfo Valderrama named nephew who lives in Mexico Deputy Leandro Ávila must render accounts by contract of item…
A total of $ 52.4 million owes the State to the Social Security Fund (CSS) in worker-employer quotas that stopped reporting dependencies of the central and decentralized government, and those generated by special laws. The vice-president of the board of directors of the CSS, Roberto Valencia , provided a report from the National Revenue Office…
The total debt of companies linked to the public sector in Panama totaled $ 31,445 million, according to official reports from the Ministry of Economy and Finance (MEF) and the Panama Canal Authority (ACP). According to reports from the Public Financing Directorate of the MEF, the debt of the Non-Financial Public Sector (SPNF) amounted to…
The multiplier effect of the coffee industry on the added value of the Panamanian economy was estimated at $ 212.2 million in 2015, according to the study “Economic Impact of the Coffee Industry in Panama” presented on Wednesday, June 6. The greatest impact of this industry is generated through the private consumption of employees in…
