The Social Security Department in Panama is deferring for four months payments of the employer quotas.
According to Roberto Troncoso, president of the Panamanian Association of Business Executives, the "moratorium by the Social Security Department (CSS by its initials in Spanish) creates a bad habit" among irresponsible employers.
Panamanian businessmen believe there is a high chance of interruptions to the supply of electricity, due to lack of sufficient generation.
"We have raised this issue of great importance, since Panamanians are interested in having in the future sufficient power and at good prices, and we have significant growth, not only in the area, but worldwide, and that growth should respond to the inputs that the country needs in order to be competitive," said Roberto Troncoso, president of the Panamanian Association of Business Executives (Apede).
The prolonged intervention of the Supreme Court in the Financial Pacific puts into question the adequate functioning and reputation of the financial system.
The latest news is that the Chief Superintendent of the Panama Stock Exchange (SMV), Alejandro Abood, could recuse himself in the stock market scandal of the brokerage firm Financial Pacific (FP), suspended for embezzling 14 million dollars. FP has filed a lawsuit against Abood for his decision to reorganize the company and then suspend it until the close of the findings or a resolution from the Supreme Court, which theoretically impedes him.
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