The authorities of the Social Security Fund (CSS) reported this week that it was not until April 2018 when they could “close valves” and establish controls, to prevent more employers from committing unlawful payments of the employer’s contribution through the System of Income and Economic Benefits (SIPE) . The director of the entity, Alfredo Martiz…
Carlos Troetsch, president of the Panama Banking Association, said that from 20 to 30% of the banking budget is destined to comply with regulations. In the framework of the Annual Conference of Business Executives, the banker described as “extraordinary” the number of requests for information and compliance from different entities, which has made these departments…
CADE has remained as the showcase of knowledge par excellence and within the framework of the 60 years of APEDE The Annual Conference of Executives CADE 2018 develops its version # 51 with the theme: Competitive Panama for a global economy Are we ready ?, Bets on the competitiveness of the country, will be three…
The initiative carried out by the AIG within the “Panama en Línea” Program with the Inter-American Development Bank In order to promote transparency, access to information and simplification of procedures, an inter-institutional cooperation agreement was signed between the Mayor’s Office of Panama and the National Authority for Government Innovation (AIG). Irvin Halman, general administrator of…
Cable & Wireless Panama , responsible for the support and maintenance of the Income and Economic Benefits System (SIPE) of the Social Security Fund (CSS) , assured that it has no interference in “the dishonest practices of the users of that platform”. The company made the previous clarification after the publications in the media, including…
The activity of exchange, investment, purchase and sale in general bitcoin, does not have a specific regulation The Superintendency of Banks of Panama (SBP) warned today about the precaution and adequate advice that must be taken for the use of cryptocurrencies such as bitcoin, as well as others of the same category that do not…
The Social Security Fund (CSS) said in a statement that the Institution maintains 1,915 complaints before the Public Prosecutor’s Office The Social Security Fund (CSS) said in a statement that the institution maintains 1,915 complaints before the Public Ministry and 2,048 administrative cases. He explains that they have been sued, punished and convicted for omitting the…
The Federal Reserve (FED) is the central bank of the United States that, through its monetary policy, regulates and takes actions to influence the availability and cost of money, in the behavior of credit to help promote economic objectives . Any change in the economic situation of the United States affects the rest of the…
The Savings Bank reached a record number in its profit of last year, reaching $ 41 million dollars. The figure represents the highest of its history and is derived from the business of financial intermediation, without extraordinary income. Likewise, the bank reported that it was able to increase its operational efficiency index from 77% in…
The segment of light SUVs or SUVs recorded the sale of 2,656 units, 8.8% less than the 2,913 of the previous period The sale of new cars in Panama in the first two months of 2018 fell by 10.5% to add 7,843 units compared to 8,768 in the same period of 2017, according to data…
