pa.di.

Outlook Stable for Panama, Says Fitch

Fitch Ratings affirmed Panama’s sovereign ratings as BBB with stable outlook on Friday. According to Fitch, a global leader in credit ratings and research, the ratings are supported by continued strong and stable macroeconomic performance, which has driven a sustained rise in per-capita income and reflects policies and a strategic location and asset (the Panama…

Church Continues to Reject Equal Marriage

This weekend, Archbishop José Domingo Ulloa reiterated that the Catholic Church in Panama will not recognize same-sex marriage as recommended by the Inter-American Court of Human Rights. During the Eucharist in Atalaya in front of thousands of pilgrims celebrating their devotion to Jesus of Nazareth on Sunday, Ulloa said that “if there is something that…

Airbnb Prepared to Pay Panama Taxes

Airbnb stated that it is ready to sign an agreement with the Panamanian government to pay the 10 percent hospitality tax on its short-term rentals on several conditions. In exchange, the San Francisco-based company asks that Panama eliminate the 45 day minimum rental requirement in Panama City and guarantee the privacy of property owner information…

Panama Waives Visa Costs for World Youth Day Pilgrims

Pilgrims registered for the 2019 World Youth Day in Panama will be exempted from the usual visa fees. The National Migration System announced that it will also forego the $500 economic solvency requirement, but said that pilgrims cannot overstay their welcome. Online registration for WYD began on Monday, February 12 and runs until January 17…

Judge Suspends Martinelli Bail

A day after granting bail to former Panamanian president Ricardo Martinelli on February 13, Miami Federal Judge Marcia Cooke suspended her decision following an emergency motion filed by the Prosecutor’s Office. In the order granting the United States’ motion to stay the execution of order, which was released by the US Embassy in Panama, the…