Panama: Basic Services Charges Suspended

In the third debate, the National Assembly approved the bill that considers the suspension of charges for electricity, fixed and mobile telephony and Internet services for four months.

Wednesday, April 1, 2020

This benefit will be available to self-employed workers, micro and small businesses, which have been affected in their income, as well as owners of restaurants, bars, casinos, public and private transport, affected by the pandemic, reported the Assembly.

See "Post-Quarantine Consumption Patterns"

The statement says that "... As it is a law of a social nature, the temporary suspension of payment for these services is retroactive to March 1, but it establishes that the service that is not paid in this period will be paid when the grace period expires on a pro-rata basis during the next three years."

The document adds that "... The rule also states that when a natural or legal person engaged in a commercial act has been ordered to close temporarily and chooses to temporarily suspend the effects of the contract for a maximum of 90 days, the State will assume the payment of a joint and several bonuses to each worker."

Covid-19: How do the outlook for companies in Panama change?

We prepared for our clients the report "Information System: Impact Analysis of Covid-19 on Business" which answers these and other questions in times of uncertainty.

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More on this topic

Suspension of Basic Services Banned

May 2020

In Guatemala, a legislative project prohibiting cuts in water, electricity, cable TV, telephone and Internet services during the state of calamity, which was decreed by the outbreak of covid-19 in the country, was published.

After multiple struggles, Decree 15-2020 was published on May 21 in the Diario de Centroamérica, which was approved by the deputies and then vetoed by President Alejandro Giammattei.

Home Services: Post-Quarantine Sales

April 2020

When the Central American economies begin to relax the restrictions that have been adopted to prevent the spread of covid-19, sales of pay television service are forecast to fall by at least 2%.

Using a demand/income sensitivity model developed by CentralAmericaData's Commercial Intelligence Area, it is possible to project the variations that household demand for different goods and services will undergo as the most critical phases of the spread of covid-19 are overcome and the measures restricting mobility in the region's countries are lifted.

Basic Services: Honduras Will Not Suspend Collections

March 2020

In contrast to the measures taken by some neighboring countries, the government reported that at the local level, charges for water, electricity, Internet and telephone services will not be suspended.

Authorities argued that at the moment it is not possible to postpone payments, as few basic services are provided by the government in the country.

Telecom Revenues Up 16%

February 2018

In 2017, revenues generated by the telecommunications industry in Panama amounted to $1.114 billion, 16% more than in 2016.

According to figures from the National Public Services Authority, last year the telecommunications industry generated revenues of $1.114 billion, of which 56% corresponded to mobile telephony services, 15% to internet services, 12% to basic telecommunications services, 12% to telecommunications transport services and 3% to other services. 

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