Thanks to The Economic Council, the Agricultural Credit Bank of Cartago (Bancrédito) signed an agreement with Banco Nacional, the country’s largest bank by assets, to deduct the flow of commissions to be received as a result of the collection of country exit taxes. Said agreement will allow this financial entity to generate additional income this […]
Fundazoo demands explanations for Kivú’s death
Following the death of lion Kivú, the management from Simón Bolívar Zoo Foundation publicly requested that the national authorities respond to a series of questions raised due to the transfer of the animal from the zoo to the facilities of Zoo Ave. The entity issued a statement requesting the following answers: -Results of the tests […]
Earthquakes in Panama only caused material damages
The series of tremors that shook Panama on Monday only caused material damages. So far there are no reported victims. According to local media Telemetro Panama, earthquakes only scared the people of Panama City and the province of Chiriquí. The strongest seismic movement was a 5-degree earthquake on the Richter scale at 1:35 p.m. that […]
Fiscal deficit grows at a slower pace
The fiscal deficit, or excess government spending over tax revenues, keeps the pace of deceleration shown in previous months. This means that the gap is growing less and less. In January this year, the deficit amounted to ¢185 billion, about ¢9,400 million less than a year ago. In terms of comparison to the size of […]
Uber’s urgent investigation for sexual harassment
Uber CEO, Travis Kalanick, announced the begining of an “urgent investigation” in the private transport company, after a former employee used a blog entry to denounced harassment and prevailing sexism in the company. What is described here is abhorrent (and) contrary to everything we believe in. Anyone who behaves that way or thinks that’s okay […]
Authorities investigate fraud with luxury condominiums
National authorities are investigating an alleged fraud by a real estate company that sales luxury condominiums. According to the Office of the Deputy Prosecutor against Frauds, there is an investigation against the company Homes Real Estate Group, on accounts of consumer swindle. The Public Prosecutor’s Office said the real estate projects in question are luxury […]