Panama's Government Becoming Even More Executive

To adjust to the current conditions of the global advertising and communications market, authorities seek to enable direct purchases to foreign companies for up to $800.000.

Tuesday, April 19, 2011

Martinelli keeps managing the country in a very business-like way, now looking to loft the restrictions imposed by the public purchases law to hire advertising services abroad. The Panamanian Tourism Authority (ATP) will be the agency that will benefit the most with the new regulations.

The bill, which has already passed its first discussion in the legislative, has an article which reads: "due to the characteristics, uses and customs of foreign companies and looking specially at advertising, promotion and public relationships outside Panama, such purchases will be exempt from the contractor selection process when under $800.000".

It also eliminates the performance bond when hiring advertising or promotion with foreign companies.

More on this topic

ISO Certification Requirement Discriminatory

March 2011

The Commission to Promote Competition in Costa Rica found that to include ISO certification as a requirement to participate in government contracts, violates the principle of free competition.

From the COPROCOM Competition Bulletin for January-February 2011:

Recruitment Process Management, ISO and other requirements.

Increase Penalties in Contract with Jaguar Energy

May 2013

The National Energy Commission of Guatemala has approved the amendments in the contract with the concessionaire, in the event that the power plant is not operating in September 2014.

"According to the amendments, there is an increase of $6.5 million in the penalties which add up to a total of $28 million, there is also an increase of $9 million in the preoperative guarantees, going from $36.3 million to $45.3 million," noted an article in The penalties would be applied in the event that Jaguar Energy does not have the first phase operational, in which 150 MW will be produced, in September 2014.

Panama: Tourism Bill Being Discussed

October 2011

The Tourism Authority is discussing including in the tax credit project companies who promote domestic tourism.

In order to look into this, consultations are being held with the Ministry of Economy and Finance regarding the feasibility of the initiative. The aim is to promote tourism in other provinces.

Panama: New Attempt at Atlapa Sale

March 2014

Local businessmen are negotiating with the Tourism Authority the sale of the building, which the legislation states must be sold at $62 million, after the three previous auctions failed.

After the third and final attempt by the Tourism Authority to auction the Convention Center, which was unsuccessful, it must now be sold at half its value, $62 million.

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