españolPanama: Regulations on Use of DronesWednesday, June 1, 2016 As part of the requirements of the new standard, all drones circulating in the country must be registered with the Civil Aviation Authority. Resolution No. 120/DSA/DJ/DG/AAC: Labor Market: Bill Receives EndorsementThursday, February 25, 2021 On third debate, Panama approved the legislative bill that aims at gradually reintegrating employees to their companies, which have already restarted their activities and which in 2020 suspended labor contracts due to the crisis caused by the covid-19 outbreak. The National Assembly approved on February 24 bill No.542, submitted by the Ministry of Labor and Labor Development (Mitradel), which allows the gradual reinstatement of workers with suspended contracts, recognizes the payment of maternity leaves to workers with suspended contracts, the return of disabled people and establishes temporary measures to preserve employment and stability of the companies, details an official statement. Finance: Optimism for New InstrumentWednesday, February 24, 2021 Negotiable certificates of deposit, a new investment tool that was authorized in El Salvador, generates expectations because it promises to improve the yield of savings and may be processed with no need to register it in an agency. The Standards Committee of the Central Reserve Bank (BCR) authorized on February 2, 2021 the new investment tool called negotiable certificates of deposit (CDN). Cryptocurrencies are Illegal in GuatemalaMonday, February 22, 2021 After multiple consultations, the Superintendency of Banks announced that virtual currencies or assets such as Bitcoin, Ethereum, Ripple and other similar ones, are not legal tender in the country. The Superintendency of Banks, derived from the different consultations made by economic and financial agents regarding the use of virtual currencies or assets, known as cryptocurrencies, informs the population that in accordance with the Monetary Law, the monetary unit of Guatemala is the Quetzal and only the Bank of Guatemala can issue banknotes and coins within the territory of the Republic, therefore virtual currencies are not legal tender in the country, explains an official statement. New Regulations for Interbank DepositsMonday, October 22, 2012 The Superintendency of Banks in Panama has issued Agreement 005-2012, updating the rules on the placement of deposits between banks. According to this agreement, which repeals agreements 6-74 and 2-78: Panama: Restrictions on Commercial Use of Public SpacesFriday, March 18, 2016 Fines for obstructing traffic on sidewalks with tables, chairs, vehicles or service counters without municipal authorization range from $500 to $2,000. From a statement issued by the Foreign Ministry of Panama: First Observatory of Electric PowerFriday, July 24, 2015 AGEXPORT creates the Observatory of Electric Power, to ensure the competitiveness of the sector in Guatemala. The purpose of the Observatory is to monitor regulatory changes affecting the operation of the electricity market, monitor their impact on electricity costs and generate opinion on important decisions. Optimism for New Financial Leasing LawTuesday, February 16, 2021 Currently, financial leasing operations in Guatemala amount to $1,290 million, but with the approval of the new legal framework the portfolio could increase in the medium term between $1,677 million and $1,935 million. With 101 votes in favor, the Plenary of the Congress of the Republic approved Decree 2-2021, Leasing Law, which regulates leasing with purchase option in the Guatemalan legislation. The legislative endorsement took place in the first days of February 2021. Guatemala: Endorsement of Financial Leasing RegulationFriday, February 12, 2021 The Congress approved by articles and final wording the Leasing Law, a legal framework that establishes mechanisms for people to lease with option to purchase. With 101 votes in favor, the Plenary of the Congress of the Republic approved Decree 2-2021, Leasing Law, which regulates leasing with option to purchase in the Guatemalan legislation, informed the legislative body. Tax Amnesty to Reactivate the EconomyTuesday, February 16, 2021 In order to reactivate the Panamanian economy that has been damaged by the outbreak of covid-19, the Ministry of Economy and Finance will present to the National Assembly a bill to extend the tax amnesty and approve new tax relief measures. The Cabinet Council, led by President Laurentino Cortizo Cohen, authorized, today, the Minister of Economy and Finance, Hector Alexander to present to the National Assembly, the bill extending the tax amnesty, as well as new tax relief measures with a view to reactivate the national economy, explains an official document. Heavy Transport: New Deadline for Speed ControlTuesday, November 12, 2019 In Guatemala, the entry into force of the speed measurement and control device, which must be installed in vehicles of 3.5 tons and 12 passengers or more, was extended for another year. The regulations in Governmental Agreement 38-2019, published in April of this year, established that as of November 14 heavy transport units must carry a device that will have the function of measuring the speed at which vehicles travel, which must not exceed 80 kilometers per hour. Regulation of Nurseries in CompaniesWednesday, October 9, 2019 The Salvadoran government announced that in January 2020 it will submit a proposal to regulate the operation of nurseries dedicated to the care of employees' children, which will be mandatory for companies with more than 100 workers. The regulation will be part of the application of the Special Law for the Regulation of Nurseries, which will enter into force on June 19, 2020. Requirements for Cement in PanamaTuesday, July 30, 2019 One of the approved technical standards establishes the chemical, physical, and performance requirements of general and specialty cements for both imported and locally produced products. Ministerial resolutions also include packaging, transportation, storage and use requirements. El Salvador: Rules for Pension FundsMonday, October 30, 2017 The regulations that take will effect on November 1 allow administrators to create up to four different funds to bring together contributors depending on their age, among other innovations. From a report by the Central Bank of El Salvador: Norms for School Shoes in El SalvadorFriday, February 1, 2019 The normative that establishes the specifications to measure the quality, safety and duration of school footwear, as well as its raw materials and components for its manufacture, was presented. The Minister of Economy, Luz Estrella Rodríguez, in her capacity as President of the National Quality Council (CNC), delivered the national technical standard for school footwear to the Ministry of Education (MINED) and the Chamber of the Footwear and Allied Industry of El Salvador (CALZAES). |
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