201812.10
0

THE PRESIDENT OF CHINA, XI JINPING, VISITS PANAMA…

The President of the People’s Republic of China, Xi Jinping, arrived on Sunday, December 2, 2018, to our country, in order to consolidate the diplomatic and commercial relations between both countries. In his written statement, Xi Jinping said that he is waiting to meet with the Panamanian leaders, in order to translate into a long-term,…

201812.03
0

ALLIANCE BETWEEN COPA AIRLINES FROM PANAMA, AVIANCA AND UNITED AIRLINES.

United Airlines announced on Friday, November 30, of the current year, its interest in the alliance of three bands with Avianca from Colombia and Copa from Panama, which main objective is to integrate the services and the distribution of the revenues. Although, this agreement is still subject to the approval of the regulatory authorities, it…

201810.16
0

PANAMA SEES AN INCREASE IN MORTGAGES

According to the Superintendence of Banks of Panama (SBP), domestic credit increased by 5.4% in July, compared to the results of 2017, due to the demand for personal and mortgage loans, and for consumption in credit cards. The increase was recorded as follows: Personal loans 8.9% Mortgages 6.7% Private sector loans 5.4% “The residential mortgage…

201810.16
0

SEVERE SANCTIONS FOR ABUSERS ARE REQUIRED TO THE ASSEMBLY

More and more deputies are defending the proposal to ask for more severe sanctions against sex offenders in Panama. This proposal is headed by the PRD deputy Iván Picota, who is also responsible for several initiatives of laws in favor of the rights of children and adolescents. According to Mr.Picota, there were registered from January…

201810.16
0

“$ 52 MILLION REGISTERED IN CONSUMER COMPLAINTS ACCORDING TO ACODECO

Between January and September of this year, the Consumer Protection and Defense of Competition Authority (ACODECO-spanish acronym) received a total of 2,801 complaints from different national consumers, which generated an amount of $52,772,444.00. These cases were registered for 82 activities, where the real estate companies led with 673 reported cases of complaints with a value…

201810.15
0

PROGRESS IN THE FTA BETWEEN PANAMA AND CHINA

Last Tuesday, October 9 2018, the third round of negotiations between Panama and China was held for the signing of the Free Trade Agreement (FTA) between both countries, which is currently in a feasibility study. “We reached the third round, after two intense rounds, in which the negotiating teams have managed to agree on important…

201810.15
0

PANAMA WILL GRANT MULTIPLE VISAS FOR 5 YEARS

The National Service of Migration (SNM -spanish acronym), announced that from October 12, 2018, until the next five years (2023), will grant visas stamps of multiple entrances and exits to the tourists and industrialists from countries such as: Cuba, China, Dominican Republic, Venezuela and India. The objective of this regulation according to the SNM is:…

201810.15
0

PANAMA CANAL CLOSES FISCAL YEAR WITH 442.1 MILLION TONS

The Panama Canal obtained an increase of 9.5% compared to the previous year, at the end of the fiscal year with a total of 442.1 million tons of CP / SUAB (volume measurement of the Universal Ship Arming System of the Panama Canal) thus achieving a historical tonnage record. In addition to this, it was…