For the Ex-Pats that are financially dependent on their 401Ks and Retirement accounts, the foreseeable future will be a test of patience and resolve. The tensions on the border of the Ukraine in lockstep with the anticipation of a March Interest rate hike have the markets struggling to adjust.  Every …

https://www.prensa.com/resena-digital/hampton-by-hilton-abre-sus-puertas-en-david-el-primer-hotel-de-bandera-internacional-de-la-ciudad/ The opening of the hotel responds to the economic growth of Chiriquí and to the new demands of the market. David is the main commercial center of the province and from there commercial activities related to agricultural and livestock production are developed, the main lines on which the Chirican economy …

https://www.laestrella.com.pa/nacional/201116/suntracs-reporta-reincorporacion-13-mil-obreros-puestos The general secretary of the Single Union of Construction and Similar Workers (Suntracs), Saúl Méndez affirmed that as of Monday, November 16, 14 thousand workers have been reinstated to their jobs. This he said is important because the figures in March of suspended contracts were 23 thousand workers, that …

The Government of Panama approved this Wednesday in the Cabinet Council, Cabinet Resolution 93-20, which authorizes the Ministry of Health (Minsa), to proceed with the purchase of one million 92 thousand doses of the vaccine to prevent covid-19, from the British pharmaceutical AstraZeneca UK Limited, in association with Oxford University, …

With dividers and panels up…..dining sees an uptick in the city. https://www.prensa.com/impresa/economia/80-de-los-restaurantes-estan-operando-ventas-suben-10/ Four weeks after the restart of operations after being closed for more than 7 months, the Association of Restaurants and Related Products of Panama, reports that 80% of the stores are operating. Domingo de Obaldia, president of the …

https://www.laestrella.com.pa/nacional/201004/panama-reporta-633-casos-nuevos-covid-19-9-nuevas-defunciones Panama reported 633 new cases of covid-19, for a cumulative total of 115,286. To date, 5,249 tests were applied, for a positivity percentage of 12.1% and 9 new deaths have been registered, totaling 2,423 accumulated and a fatality of 2.1%. Active cases total 21,054. In home isolation, 20,211 people are …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

After losing tenders to build the extension of line 1 of the Panama Metro to the Villa Zaíta sector and the expansion of the Concepción-Volcán highway, in the province of Chiriquí, combined projects exceeded 280 million dollars, the Constructora Norberto Odebrecht (CNO) prepares to dispute two new state contracts. It …

OP ED: James “JB” Bryson: Timing is everything. Just the other day my son in law posted his first OP ED not relating to legal about his recent travel and the possibility of seeing more of Panama. Well the world seems to think that there is much to see here …

https://www.laestrella.com.pa/economia/191009/6-2-ano-2019-canal Despite the economic and commercial situation in the international environment, the tonnage of cargo by the Canal maintained its dynamism, according to the figures of the Panama Canal Authority (ACP). According to statistics, the Canal closed fiscal year 2019 with a 6.2% increase in tonnage, compared to the previous …

https://www.laestrella.com.pa/nacional/190918/aguda-crisis-buscar-jovenes Panama faces the worst youth unemployment crisis of the last thirteen years. During the administration of Juan Carlos Varela, the population aged 15 to 29 increased by 64,511 people – 83% of them economically active -, which resulted in the increase of young people who neither study nor work …

https://impresa.prensa.com/panorama/Odebrecht-lista-BID-corrupcion_0_5388961136.html The construction company will not be able to participate in projects financed by the multilateral bank until 2024, after recognizing illegal payments in Brazil and Venezuela. Brazilian construction company Norberto Odebrecht (CNO) was disabled to participate in projects financed by the Inter-American Development Bank (IDB) until August 2024. info …

https://www.prensa.com/sociedad/noche-sabra-nombre-director-CSS_0_5385961359.html The president of the Republic, Laurentino Cortizo , declared in El Espinal de Guararé, in Los Santos, that tonight he will announce the name of the new director of the Social Security Fund (CSS). info President Cortizo: in a month it will be known who will be the new …

https://impresa.prensa.com/panorama/Diputados-beneficiaron-donaciones-Asamblea_0_5379212103.html Deputies and former deputies of different political parties in the country are mentioned in the audits delivered by the Comptroller to the Public Ministry (MP) on the management of contracts and donations from the National Assembly. info ‘That of the forms are guayabitas’: Tito Rodríguez Assembly again prevents the …

http://laestrella.com.pa/venezuela/salario-venezolano-llega-punto-bajo-historia/24135210 To date, the price of the dollar is 14,483.54 bolivars – official value set by the Central Bank of Venezuela – a figure that has multiplied unstoppably since the beginning of the current year Venezuela’s minimum monthly salary has reached its lowest point in the country’s history, on Tuesday …

https://www.prensa.com/politica/Gerardo-Solis-electo-contralor-Republica_0_5372462726.html The lawyer Gerardo Solís , former electoral attorney and former magistrate of the Electoral Tribunal (TE) , was elected with 68 votes in favor and 2 abstentions by the plenary of the National Assembly , the afternoon of this August 13, as the Comptroller of the Republic, in replacement …

https://www.prensa.com/politica/Asamblea-cuestionario-preguntas-contralor-Humbert_0_5368713091.html The second vice president of the National Assembly , the deputy of Molirena Tito Rodríguez , reported this Thursday, August 8, that they prepare a questionnaire of about 20 questions for the comptroller of the Republic, Federico Humbert . info Assembly again prevents the entry of auditors from the …

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 …

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 …

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 …

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 …