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…

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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,…

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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…

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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…

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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…

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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…

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