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Economy

  • 2017/05/15 14:52:58

    Panama recognizes that penalize tax fraud is "pending"

    Panama Government acknowledged that penalizing tax fraud as a crime is an issue that is "pending" and has to be addressed shortly

    EFE

    The Panamanian minister also indicated that starting to consider tax evasion as a criminal offense and not an administrative fault, as is currently the case, is a recommendation that has been extended by other international organizations besides the FATF, such as the International Monetary Fund, Global Organization of the OECD and the UN

  • 2017/05/11 13:54:40

    Proposed Milk price increase due to climate change and production cost

    Jorge Troetsch, president of the Association of Livestock Milk in Chiriquí, said that the possible increase is due to the fact that price must be in line with the quality that "is increasingly improved due to the modernization of techniques and tools of milking and pasteurization"

    Álvaro Pulido

    Jorge Troetsch, president of the Association of Livestock Milk in Chiriquí, said that the possible increase is due to the fact that price must be in line with the quality that "is increasingly improved due to the modernization of techniques and tools of milking and pasteurization"

  • 2017/05/04 18:30:45

    IMF: "deficiencies" in tax transparency persist in Panama

    IMF: "deficiencies" in tax transparency persist in Panama

    EFE

    Panama must reinforce "tax transparency and ensure effective exchange of information" to maintain its position as a "competitive destination" for the international financial industry, according to the International Monetary Fund (IMF)

  • 2017/05/03 16:15:36

    Panama rising unemployment rate up to 5.8%

    According to official indicators, the unemployment rate in the isthmus rose to 5.8% in 2016 with an increase in labor informality

    Álvaro Pulido

    According to official indicators, the unemployment rate in the isthmus rose to 5.8% in 2016 with an increase in labor informality

2017/05/03 11:07:59
  • The Panamanian government estimates that in 2017 there will be 42,000 new jobs due to infrastructure project
  • Meeting the labor market demand remains a challenge for Varela

    Elaine Nava

    The Panamanian government estimates that in 2017 there will be 42,000 new jobs due to infrastructure projects, and is confident that mining and energy will create thousands of additional jobs in the next few years in the country, with an unemployment rate of 5.5% and an informal employment rate of 40%

2017/04/26 10:24:42
2017/04/19 16:40:12
2017/04/13 08:58:38
2017/04/12 13:13:20
2017/04/06 07:53:19
  • Last meeting Varela-Santos in Tuxla Summit
  • The Panama-Colombia tariff war seems to see the light

    Elaine Nava

    The tariffs dispute between the two countries started in 2012, when Colombia began the implementation of tariffs of 10% to footwear and textiles and a $ 5 charge for each container coming from the F.T.Z ( Free Trade Zone); therefore, Panama complied with W.T.O ( World Trade Organization), Colombia´s appeal after losing was unsuccessful

2017/03/24 08:31:50
  • Expocomer Fair makes Panama a bridge of global business
  • Expocomer Fair makes Panama a bridge of global business

    EFE

    The XXXV international fair Expocomer 2017, which brings together  in Panama about 10,000 businessmen from more than 30 countries, consolidates the Central American nation as a business center in the face of global slowdown and international corruption cases, said its promoters

2017/03/23 17:10:20
2017/03/18 15:26:27
2017/03/17 10:01:58
  • IMF drops to 5.1% forecast for Panama's growth in 2017 but it is optimistic
  • IMF drops to 5.1% forecast for Panama's growth in 2017

    EFE

    The International Monetary Fund (IMF) has lowered its forecast for growth in the Panamanian economy from 5.8 to 5.1 this year, but it remains positive and continues to see in the country "one of the most dynamic economies in the region"