The issue of wages is debated globally. The pursuit of workers’ social and economic well-being drives negotiations between unions, labor federations, and government representatives. Recent reports from Bloomberg Linea indicate that three countries in Latin America have the highest monthly minimum wages: Costa Rica, Uruguay, and Panama, where salaries are $751, $648, and $637, respectively.

They are followed by Colombia, where workers’ income this year is $548, including the transportation subsidy.

Comparisons with European countries can reveal profound differences that affect the population’s quality of life. According to data from Globalization Partners, Luxembourg currently has the highest base salary in the world, exceeding $3,100 per month.

“This figure, which sets an unprecedented standard, reflects the high cost of living in Europe and legal frameworks designed to protect the financial stability of the workforce,” they note.

Back in Latin America, the differences from country to country are also significant, due to indicators such as inflation and the macroeconomic instability of each nation.

M.Pino

Source: eltiempo

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Through its Instagram account, the Panamanian government published a statement informing the Panamanian community in Venezuela and the public of the resumption of its consular. Customer service will be Monday through Thursday, from 8:00 a.m. to 12:00 p.m.

 

Ver esta publicación en Instagram

 

Una publicación compartida por Consulado de Panamá en Venezuela (@embpanamaven)

“This measure seeks to optimize and guarantee efficient service to all our users,” the Panamanian government’s statement states.

With this decision, “the Consular Section of Panama in Venezuela reiterates its commitment to service and assistance to its fellow citizens and the Venezuelan public, working to strengthen the bonds of friendship and cooperation between both nations.”

M.Pino

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The President of Panama, José Raúl Mulino, referred to the closure of the Darién gap crossing as “mission accomplished” and reiterated the drop in the flow of migrants through this region.

Mulino explained in his weekly press conference on Thursday, April 24, that so far this month only “73 migrants have crossed the Darién River on their way to North America, compared to 194 who had done so in March, or 29,259 who did so in April of last year, which represents a 99.7 % drop compared to 2024.”

He referred to the closure of the Darién as part of Panama’s migration policy, “a policy that has been implemented with great effort.” According to official data, 2,904 migrants have crossed the area so far in 2025, “compared to more than 126,000 during the same period last year.”

Regarding the reverse flow—that is, those who return due to US immigration measures—Mulino indicated that the figure is 7,757: “2,319 so far in April, compared to 2,804 in March.”

M.Pino

Source: elaragueno

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La entrada President of Panama ratified the closure of the Darién gap apareció primero en Bitfinance.

The Inter-American Development Bank signed the Alliance for Security, Justice and Development with Argentina, Bahamas, Barbados, Belize, Brazil, Chile, Costa Rica, Dominican Republic, Ecuador, Guatemala, Guyana, Honduras, Jamaica, Panama, Paraguay, Peru, Suriname and Uruguay.

The objective of this regional alliance, open to new participants, is to design concrete policies and actions to fight organized crime.

“The Alliance, in which Ecuador will hold the first pro tempore presidency, will have a steering committee, a technical secretariat in charge of the IDB and three working groups that will promote policies and concrete actions and define metrics.”

The working groups will focus on the three pillars of the initiative: “protecting vulnerable populations, strengthening security and justice institutions, and reducing illegal financial markets and flows.”

The Alliance for Security, Justice and Development will have the support of at least 11 organizations, such as the Organization of American States (OAS), the International Criminal Police Organization (Interpol) and the World Bank (WB).

M.Pino

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The deportation flights from Panama in the case of irregular migrants crossing the Darién jungle began this Tuesday, August 20, towards Medellín, Colombia. They have the assistance of the United States in this process.

“A total of 29 Colombian citizens, mostly young, and with criminal records, according to official sources told EFE, arrived handcuffed at the capital’s Marcos A. Gelabert Airport, better known as the Albrook terminal, where after a documentary search they boarded the aircraft, which departed shortly after 06:00 local time (13:00 CET).”

In the case of Venezuelan migrants, who have crossed the Darién jungle in their desire to reach, mainly, the United States, the Panama Immigration office indicated that at this time they do not have authorization to make any movement towards Venezuela.

This situation arises because Panama’s diplomatic relations with Venezuela are on hold following the crisis in the South American country following the elections on July 28.

The authorities have indicated that after receiving primary care at official posts, Venezuelans “are allowed to continue, with the flow controlled,” their trip to the United States.

M.Pino

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La entrada Panama deports migrants from Darien with help from the United States apareció primero en Bitfinance.

José Raúl Mulino indicated in a recent intervention that he will deport migrants who cross the Darién jungle, in the border area with Colombia, in their desire to reach USA.

During a speech at the event in which the National Scrutiny Board formally proclaimed him as the next president for the period 2024-2029, Mulino declared: “To finish the Darién Odyssey, which has no reason to exist (…), we will begin with help international repatriation process with full respect for the human rights of all the people who are there.”

According to migration data, 520,000 people, mostly Venezuelans, crossed the Darién jungle in 2023. The Panamanian government has been forced to provide assistance to these migrants. Official figures determine that in the first quarter of 2024 more than 110,000 people have crossed this area.

Mulino had announced on April 16, in a campaign walk, his intention to “close” the Darién, the jungle border of 266 km in length and 575,000 hectares in surface, which in recent years has become a corridor for the migrants from South America trying to reach the United States.

Mulino, who is due to take command in Panama on July 1, had already spoken about closing Darién during his campaign. Now, on this delicate matter, he added: “So that those from there [in South American nations] and those who would like to come here know, that whoever arrives here will return to their country of origin.”

M.Pino

Source: swissinfo

(Reference image source: @PanAmPost_es, X)

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Digital payments have experienced rapid growth in Central America and the Caribbean, according to the recent Inter-American Development Bank (IDB) report titled “Towards Greater Financial Inclusion for Development.”

The IDB published this Monday that “the percentage of adults in this region who own mobile money accounts has doubled, going from 4 % to 8 % between 2017 and 2021.”

According to the agency, the use of digital platforms facilitates savings, provides users with security and speed, in addition to reducing costs associated with domestic payments and international remittances.

Despite this increase in the use of digital channels, the IDB points out that the region still “must close gaps with other parts of the world both in the adoption of digital financial tools and in financial inclusion policies.”

Tomás Bermúdez, general manager of the IDB for the region of Central America, Mexico, Panama, the Dominican Republic and Haiti, cited in the report, highlights the need to promote policies that allow greater “availability and access to financial services such as credit, savings, payment of services.”

Digital payments constitute a key factor in electronic commerce in Latin America and the Caribbean. “In 2020, the value of transactions of this type exceeded 38 billion US dollars in the region and is expected to exceed 100 billion in 2025.”

M.Pino

Source: swissinfo

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This Sunday, the presidential elections were held in Panama. José Raúl Mulino won with 34 % of the votes, compared to 25 % for his opponent, Ricardo Lombana.

José Raúl Mulino gana las elecciones presidenciales en Panamá https://t.co/C28enm3buw#ESHechos pic.twitter.com/LWT8czZFkk

— El Siglo de Panamá (@elsiglodigital) May 6, 2024

From the beginning, Mulino had the support of former president Ricardo Martinelli, who was disqualified from running for president after a conviction against him for money laundering was confirmed.

During his speech upon learning the results of the elections, Mulino said: “Political persecution is over. The manipulation of the Public Ministry is over. The manipulation of judges and magistrates is over. That shit is over, damn it! “Listen to him well.”

Likewise, he indicated that he will do everything necessary for the country’s economic recovery and that he will honor the debts with creditors.

The new president received the first congratulations from the current Panamanian president, Laurentino Cortizo, who wished him success and good health to face his obligations. Representatives from the United States, Mexico, Peru, as well as the OAS and the IDB also sent messages.

M.Pino

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(Reference image source: @JoseRaulMulino, X)

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On April 10, the Cinemark theaters on the fourth floor of the Pacific Center in Panama City became a showcase for the future of entertainment. And Warner Bros Discovery and its related Pan American Licensing Company came together to entertain and receive their partners and clients.

Jagi Caps won applause and was awarded, for the attractiveness of its products, good practices and sales, by Looney Tunes – Warner Bros, being highlighted and recognized for “Best development of special categories 2023”.

Jagi, with more than 20 years in the international market, is distinguished by the high quality of its products (original caps), well-kept displays and display cases, as well as a committed and talented human team that provides personalized attention and good service, it was noted. in the Isthmus capital.

The Jagi Caps communications department pointed out that it is a great honor and pride to have received this recognition or award – which we are grateful for – from the very important Looney Tunes, the historic cartoon series from the Warner Bros. company, which officially began in theaters. in 1930 with the short film Sinkin’ in the Bathtub, which has been updated and remains creative as well as fully current in homes and on the streets, as well as in the most cherished memories of what has been experienced, and very important in current fashion with looking to the future. Who doesn’t love and use, identify with, one or more characters from their famous cartoons, which are sometimes also called Looney Toons?

Warner Bros Discovery – Summit 2024

This exclusive event offered an up-close look at Warner Bros Discovery’s new licenses, ranging from products and events to immersive experiences.

The original Jagi caps (licensed from Looney Tunes) provide excitement and are in their different collections or versions distinctive garments to be fashionable, according to the preferences of users, in different countries.

They are products for all occasions and uses, being available for men and women, adults and children. Designed to celebrate and remember, as well as enhance style and image.

Click here to learn more about their different collections and to be fashionable.

With information and reference images from Jagi and international media

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Panama consolidated its position as the undisputed leader of the merchant fleet worldwide over the past year. With an impressive total of 8,540 flagged vessels and a gross registered tonnage (GRT) of 251.1 million, the Central American country captured 16% of the international maritime market. These figures, released by the Panama Maritime Authority (AMP), are based on data from the renowned IHS Markit platform and the Clarksons Research World Fleet Monitor report.

In a statement issued by the AMP, it was revealed that the Panama Ship Registry experienced significant net growth in 2023. With the addition of 83 new ships, representing 7.2 million GRT, the register maintained a retention rate of 29%. This growth is supported by data collected by the AMP’s own database.

A relevant detail is that more than half of the boats added to the Panamanian registry last year, specifically 56.7%, are less than 15 years old, boasting an average age of only 4 years.

In a decisive action to maintain the quality of its fleet, the AMP automatically cancelled 161 ships during 2023. These vessels totalled 1.2 million GRT and had an average age of 17 years. Of these, 78 were related to unreported and unregulated fishing.

Since its inception in 1925, the Panamanian registry has climbed to market leadership since the 1990s. Its economic impact is significant, with direct or indirect revenues ranging from $125 million to $150 million per year.

The Panama registry is characterized by being an open system, which does not impose nationality or residency restrictions on boat owners. This model has been key to its success and to consolidate its leadership in the international maritime sector.

K. Tovar

Source: Bancaynegocios

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