Now that the new fare schedule is here, taxi drivers could be applying hikes as early as this week. Rates will increase by five to 20 cents in Panama City’s seven transportation zones, extending from the Amador Causeway to Costa del Este. The minimum fare is now $1.20 instead of $1.00 and extra charges...
Lower gas prices will be available at the pump as of Saturday, September 24. The price of 95 octane gas will drop 30 cents to $3.94 per gallon. 91 octane will come down 19 cents to $3.75 per gallon and diesel by two cents to $3.69. According to a National Energy Secretariat release, the...
The Chamber of Commerce, Industry and Agriculture is taking issue with President Ricardo Martinelli’s general claims that private enterprise is also responsible for Panama’s corruption. Over the weekend, the president linked Panama business to corruption, responding to the publication of this year’s Global Competitiveness Report which perceives corruption as the most problematic issues of...
Panama’s public debt reached $12,670,700 on July 31. According to the Ministry of Economy and Finance, the debt increased by $147.6 million from June this year and nearly $1.5 billion compared to the same period in 2010. The ministry noted that the increase is due to disbursements from the emission of $120 million in...
A total of 710,403 people visited Panama in the first four months of 2011, or 9.4 percent more than during the first quarter of 2010. The Ministry of Economy and Finance calculated that 70.5 percent were tourists, with 37.2 percent coming from South America, 36.4 percent from North America and the rest from Central...
