Business execs warn of collapse if reopening delayed

 
730Views 5Comments Posted 23/08/2020

The Panamanian Association of Business Executives (Apede) has  added its voice to the growing callid for the reopening of the Panamanian economy after over five months of stagnation due to the COVID-19 andemic

On Sunday, August 23,  a statement  from the union  said: "It is urgent that we direct all our efforts to the distribution of economic and social activity in the country with a rigorous contagion traceability plan and greater discipline and responsibility in self-care."

They emphasize that a plan is needed that allows the subsistence of companies, facilitates entrepreneurship and innovation, generates trust and encourages private investment.

Apede questioned that there are 10 law proposals in the National Assembly that they consider threaten free enterprise and legal security.

 It also notes  that no less than nine appeals have been processed, between guarantees of guarantees and nullity claims, in the Supreme Court .

They warn that a number of restrictions on constitutional guarantees have been issued through decrees and resolutions, and  declare that  "If we don't, we will see how the democratic fabric is destroyed and the national productive system collapses."

"After 5 months, it is urgent to recover the constitutional and legal order that governs us as a nation to guarantee a state that maintains order and prevents a social outbreak that at this time seems imminent."

"It is essential that the opening of restricted activities take place in the short term, ensuring that the established health processes are manageable, transparent, expeditious and easy to implement"

The business group said  that the projection is that 2020 will close with 25% unemployment, "a figure that could increase if we do not act quickly, judiciously and forcefully."



Comments 5

user
George Klk

Panama | News Media Reports...Uplifting Former Panama President Martinelli. Former president Ricardo Martinelli has been reported to have... ambitions for a return to power with his political party...(nothing new). Panama Electoral Tribunal does not take jurisdiction over... Martinelli's criminal alleged charges...(looks the other way). Panama has taken ages...ages and ages to lift a finger against Martinelli. United States visited Panama with a delegate and stated Martinelli can be charged without the...Specialty Principle...against Martinelli. United States also stated basically...Panama does not have to charge Martinelli. United States opened the door for Panama to dismiss the case/s against Martinelli. Panama will now offer...again...a free ticket for continued underground corruption with a family syndicate of payoffs and bribes with a clan of the...Martinelli's. Yes, we all know the story, so what is the point? PANAMA HAS...[FINALLY]...REACHED A POINT OF NO RETURN TO DEMOCRACY. PANAMA DEMOCRACY...NAME ONLY JUST AS... 1. FRONT MEN UNDERGROUND OPERATION. 2. MONEY LAUNDERINGS WITH LAYERS OF FAKE NAME CORPORATIONS. 3. LEGAL IMPUNITY WITH GUATEMALA'S PARLACEN. 4. LEGAL IMPUNITY WITH PANAMA PRESIDENT CORTIZO PROTECTION OF MARTINELLI'S. 5. PANAMA LEGAL JUSTICE SYSTEM FALLS UNDER THE WEIGHT OF MARTINELLI. 6. MARTINELLI'S CONTROL OF PANAMA'S ECONOMY AND STATE FUNDS. 7. MARTINELLI'S RETURNS IN VICTORY AND IS UNTOUCHABLE. 8. PANAMA CAN EXPECT A CRISES PREDICTED AND IGNORED...STARVATION / EXODUS. 9. PANAMA CAN EXPECT UNITED STATES SANCTIONS. 10. PANAMA'S ELECTIONS ANOTHER FRAUD WITH A MARTINELLI TAKEOVER. Believe me, I do not like writing negative reporting. I know this is long and boring. I'm writing this stuff (boring) spontaneously and prolifically. As in a very natural process. I am not restricted or threatened by underground henchmen with the taking of my life. I am not concerned because the United States protects me as a citizen. I am not restricted on the internet because I write the facts with...FREEDOM OF EXPRESSION! Many Panamanians know the truth and the facts and are powerless to do anything with...Cortizo. Panama can easily make deals of briberies with any foreign diplomat/s to compromise the nearly destroyed democratic government for self enrichment. If this is boring...I suggest reading comic books...about the good guys and bad guys! Yet...we have not even touch the on a $trillion nation (China) to cover many other... predictable devastating aspects of great...INTERNATIONAL SECURITIES THREATS... regarding the impacts of this spread of a...MARTINELLI PANDEMIC!!! Maybe, I'll just visit Panama's president Cortizo and complain about the lousy job he is doing...see if I'll ever return to the United States...no more boring predictions!!!

8 months ago
user
George Klk

Respectful, it's the end of the world, Jesus is coming to judge the living and the dead. Mostly, U.S. democrats for lousy up president Trump attempt to save the U.S. Here are the facts...believe in the Son and you will be saved! Crazy right! Without the facts there is nothing to hold the story together. The world has been program to judge politicians by their every word and deed. Yet, it appears there is more to it. Without the facts you may think you know where the story goes. That has been the news media frenzy all along. Then, oh its black rights and women's rights and police brutality. Again does anything I just said make any sense? I better not take to long at trying to make any sense of this. Now, the criticism. So, I guess I will have to tell entertaining short stories about the... END OF THE WORLD!!!

8 months ago
user
Respectful

George, I would be more likely to read your posts if they weren't so l-o-n-g.

8 months ago
user
Oh ya

It is not just the economy of panama it is the whole world. This is going to take years to work out. If you are in the tourist industry, food, hotels etc is is going to suck to be you

8 months ago
user
George Klk

Panama | Business Exec's Warning: Fail At Statistics. Excerpt: The Panamanian Association of Business Executives (Apede) has added its voice to the growing callid for the reopening of the Panamanian economy after over five months of stagnation due to the COVID-19 pandemic. Example: Restaurant closures created x numbers of layoffs due to...Covid - 19. Hotel industry created x numbers of vacancies due to...Covid - 19. Airline industry created x numbers of non-flight passengers due to...Covid - 19. Movie theaters...etc. Total numbers of Panama treasury losses in x numbers of essential capital ($$$). Panama adjusted budgets for state programs effected including... legal jurisdiction court processes, hospital care, schools attendance, social security at risk.. increased high crimes in sexual assaults and robberies, underground drug operations and briberies paid to Panama political and court officials. Panama lack of poverty documentaries and fear of political corruptions clearing the path for mass starvation and exodus. News paper suppression of...FREEDOM OF THE PRESS...as more and more control of the state's population becomes more evident. Panama president non - address of the...NATIONAL CRISES...keeps low profile on issues related to crimes and corruptions amplified by political corruption. Business exec's are significantly ignored and their cash portfolios reduced. Business exec's...no cash for the state...[USELESS COMPLAINERS]. Covid - 19 / China plot has only...[JUST BEGUN]. Panama desperate need of funds from...CHINA! China'a agenda... 1. Leveled the economic financial global playing field. 2. U.S. political swing votes toward the democratic political party. 3. U.S. political democratic appeasements for favorable China policies. 4. U.S. political democratic arrangement for China / Panama favorable policies. 5. China / Panama borrows huge sums using decreasing Panama state funds as collateral. 6. China controls Panama economic and finances through it major China bank. 7. China buys out...business exec's businesses...(have little say in states politics). 8. Panama's corrupt underground system spreads to various Latin communities. 9. Panama concessions includes debts from various Latin communities. 10. Panama pact with China and Latin communities for a... Cortizo campaign of a. Unity b. Impunity c. Underground corrupt operations for source of lucrative money launderings. China / Russia / invasion through Panama corrupt government with the current established government is now in the horizon!!! Yes, Business Exec's...will lose their shirts as...[USELESS EATERS].

8 months ago
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