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 …

"JB"

“Rich Man-Poor Man” the REVERSE edition. CARRIZO exposed! Panama is tired of the BS.

I have covered many times in the past and through the years, what I like to call the “PANAMA WAY”. As a very young republic, and one that truly did not have independence until the canal was fully handed over, PANAMA has developed it’s own way of going along. With …

Agriculture

WORLD BANK pledges monies to Panamanian agriculture

The World Bank on Friday approved a $3.51 million grant from the Global Environment Facility (GEF) to support the Ministry of Environment’s (MiAmbiente) program to strengthen its capacity for biodiversity conservation and increase the adoption of inclusive and biodiversity-friendly practices in selected rural areas of the country. Through a press …

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 …

Dow

Amid stock market plunge; high ranking Latino CFO of “Bed,Bath, and Beyond” jumps out of building.

http://elsiglo.com.pa/internacional/director-financiero-bath-beyond-suicida-nueva-york/24208686 Something out of a movie for certain. This reeks from all angles. I don’t think there is a person around that has not shopped at BBandB. Weird story.  Latino Gustavo Arnal committed suicide by jumping from the iconic skyscraper in the New York neighborhood of Tribeca, known as the …

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 …

Canal

Putin’s senseless war affecting GLOBAL supply chain. In particular, PANAMA.

https://www.laestrella.com.pa/economia/220519/guerra-ucrania-frena-recuperacion-economica   The war in Ukraine is slowing down the fragile economic recovery that the world had begun after the covid-19 crisis, the UN said on Wednesday, lowering its global growth forecast for this year from 4% to 3.1% and warned that the deterioration may end up being even greater. …

Economy

Amazing!! I agree with Nito on Crypto stance.

There has not been much that I have agreed with under the leadership of Cortizo. Yet I find it refreshing he is taking a measured and intelligent approach in these uneasy economic times to gather more information on this “made up” money of Cryptocurrency. https://www.laestrella.com.pa/economia/220519/cortizo-negara-firmar-proyecto-ley-regula-criptomoneda During his participation in the …

Canal

How is Ukraine war affecting Panama supply chain?

https://www.laestrella.com.pa/economia/220315/220316-productos-panama-mas-importa-ucrania-verse-afectados-guerra Although in the trade balance the volume of trade between Ukraine and Panama is not as high compared to other countries in the world, there are certain productive sectors that could be affected by the Russian invasion and by the increase in fuel costs that is being generated in …

"JB"

EX-PAT ALERT: Beware Crypto Currency offerings in Panama.

I just saw a very riveting documentary on NETFLIX entitled “Trust No One- The Hunt for the Crypto King” https://www.netflix.com/pa-en/title/81349029 I have ALWAYS been of the opinion that “Crypto” is nothing more than some dystopian millenial created bullshit!!  In like “Hey, we can’t go out and make REAL money, so why …

Financials

This news is like “Christmas Morning” in Panamanian politics.

Panama getting $100 Million  http://elsiglo.com.pa/economia/panama-tendra-acceso-100-millones-banco-mundial-para-reduccion-riesgo-desastres/24196328 “This loan represents a great advantage for Panama in advancing financial risk management,” said the Minister of Economy and Finance, Héctor Alexander  In order to support the actions of the Government of Panama to manage the risk of disasters resulting from the occurrence of natural …

Economy

Great article about the “Impunity” I have mentioned occurring in Panama. Global “Black List”

While the government is preparing for a face-to-face meeting with the Gafi in May and September, the World Compliance Association, a chapter in Panama, says that the first problem that Panama has to tackle is ‘to see the real problems as a country when it comes to to comply with …

Economy

As Russia sanctions tighten, Panama sees rise at the pump.

https://elsiglo-com-pa.translate.goog/panama/precio-gasolina-diesel-aumentan-desde-este-viernes/24195767?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc&_x_tr_sch=http The price of gasoline and diesel suffer another increase. This Friday, at 6:00 am the new maximum prices come into effect Increase. The price of gasoline and diesel suffer another increase. This Friday, at 6:00 am The new maximum sale prices of liquid fuel in Panama begin to take effect. In the provinces of …

Economy

Panamanian “Staycations” are boon to economy during Carnival.

https://elsiglo-com-pa.translate.goog/economia/200-millones-genero-turismo-interno-durante-dias-asueto-carnavales/24195549?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc&_x_tr_sch=http The average cost per person between food, transportation and recreational activities is around 200 balboas An economic impact of approximately 234 million balboas in internal tourism was generated during the holidays due to the celebration of the Carnival party, according to the Statistics Department of the Panama Tourism Authority …

Economy

Bean counters BULLISH on Panama recovery for 2022

https://www.laestrella.com.pa/economia/220221/panama-mantiene-proyecciones-estables-2022 Despite the shocks caused by Covid-19, the Panamanian economy remains afloat and the figures remain stable with an upward projection at the end of 2022. This means that there will be a recovery of important items in the economy, according to Torino Economics, the subsidiary of Torino Capital Group …