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Category: Business

Coverage of Panama’s corporate world, markets, startups, and trade developments. We provide news, analysis, and practical insights for business leaders and entrepreneurs.

Credit Card Debt is Horrendous for Panamanians

The outstanding balance on bank credit cards exceeds $3.03 billion, while delinquency reaches one of the highest levels in the system: 9.25% on cards with more than 60 days of delay and 8.5% in overdue balances. The post Credit Card Debt is Horrendous for Panamanians appeared first on Newsroom Panama.

The Reality of Prisons in Panama and the Possible Shift Towards the Salvadoran Model

Retired commissioner and former director of Senafront, Oriel Ortega pictured below, details the reality of Panama prisons, analyzed the prison crisis in Panama, the mass escape, internal corruption and the possible shift towards the Salvadoran model as well as the announcements of new security measures for July 1. The post The Reality of Prisons in Panama and the Possible Shift Towards the Salvadoran Model appeared first on Newsroom Panama.

Credit Card Debt is Horrendous for Panamanians

The outstanding balance on bank credit cards exceeds $3.03 billion, while delinquency reaches one of the highest levels in the system: 9.25% on cards with more than 60 days of delay and 8.5% in overdue balances. The post Credit Card Debt is Horrendous for Panamanians appeared first on Newsroom Panama.

In Panama the Digital Offensive is in Favor of Reopening the Donoso Mine

The Digital Loggers investigation identified a campaign aimed at influencing public opinion in favor of the Cobre Panamá mine. More than 100 accounts are amplifying support for the reopening of the mine in Donoso. Behind them are profiles with fictitious identities, pages that impersonate Panamanian media outlets, and employees of Cobre Panamá. The post In Panama the Digital Offensive is in Favor of Reopening the Donoso Mine appeared first on Newsroom Panama.

A Panama Tender in Tocumen Airport for $967,000 is Halted

The contract was for waste management in the passenger and cargo areas of the country’s main airport. In less than a month, Public Procurement suspended two public tenders in Tocumen following complaints from interested companies. The post A Panama Tender in Tocumen Airport for $967,000 is Halted appeared first on Newsroom Panama.

The Key Takeaways from Panama President José Raúl Mulino’s Thursday Press Conference

The controversy over possible conflicts of interest within the Executive branch was addressed, as well as the proposal for a constituent assembly, the future of the mine, and the questions that remain open regarding various government projects and initiatives. The post The Key Takeaways from Panama President José Raúl Mulino’s Thursday Press Conference appeared first on Newsroom Panama.

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