Panama estimated to lose 30 million dollars during strikes per day

Labor

The Panamanian Association of Business Executives (APEDE), one of the most important business associations in the country, said today that Panama loses close to 30 million dollars for every day of construction workers’ strike, which began last Wednesday. in demand for a salary increase.

“We are losing as a country about 30 million dollars a day due to this strike, so if we have six days, we take 180 million dollars,” said the president of the business association, Hector Cotes.

The executive, who gave an interview to a local television, explained that the repercussions of the strike go beyond the construction strike, since “the financial commitments are inescapable and the banks have to be paid the same at the end of the month”.

“This is an impact that cascades and what we urge both parties to do is sit down to negotiate and put the best interests of the country before them,” Cotes said.

READ MORE;http://laestrella.com.pa/panama/nacional/empresarios-estiman-panama-pierde-30-millones-dolares-diarios-huelga/24059820

No Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Economy
Government openly addressing the need for a liveable working wage in Panama.

On November 15, 2025, the National Government established the National Minimum Wage Commission , a tripartite body responsible for analyzing economic conditions and recommending new rates that will apply from January 2026. https://www.laestrella.com.pa/economia/salario-minimo-panama-instala-mesa-de-dialogo-trabajadores-piden-900-mensuales-CL17588192#google_vignette The process is coordinated by the Ministry of Labor and Workforce Development (Mitradel) , as established in Executive Decree No. 12 of November 13, 2025. The working group …

"JB"
“REAL” developers doing some “REAL” developing down in BDT. Miracles do happen.

“JB”– Those goddamn “pirates” at it again. Just bringing business and jobs to BDT that’s all. And I hear they do background checks to not employ MURDERERS.  Soggy Bottom Bar & Grill is a new establishment on Isla Bastimentos, Bocas del Toro, Panama, opened in July 2025. Located on Wizard …

Agriculture
Bocas and PANAMA’s dependence on the magical “Banana” has caused quite the shitstorm.

https://www.prensa.com/politica/fincas-vacias-y-sin-respuestas-en-bocas-del-toro-el-regreso-amargo-de-mil-trabajadores-bananeros/ About 1,000 banana workers attempted to return this week to five farms operated by Ilara Holdings , a concessionaire of the Chiquita banana company in Bocas del Toro , following a court ruling that declared their nearly two-month strike illegal. The government is negotiating with Chiquita to reactivate 20% of its operations …