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 Foundation for Development and Citizen Liberty (Panamanian chapter of Transparency International ) asked the Executive “not to devote more discretionary funds for the management of deputies,” and that the Office of the Comptroller General of the Republic be allowed to audit the items used by the National Assembly to hire personnel. Two excontralores question…
Without a visible bank refinancing certification, Riccardo Francolini – who was benefited yesterday with a bail of $ 100 thousand in the Financial Pacific case – paid a loan of $ 8.5 million in 9 months . The money was requested on loan to buy a ” Plug & Grind cement plant”. Prosecutor orders the…
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,…
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…
The Gorgas Memorial Institute for Health Studies (Icges) is a center for research and prevention of diseases inaugurated in August 1928, which over the years has become the reference laboratory of Central America. At present, the institution has established challenges, ranging from the construction of a new Gorgas Campus, the development of a vaccine against…
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…
