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Panama President Announces New Tourism Incentives, Orders Enforcement of Retiree Discounts
🇵🇦 Panama /Elections & Politics

Panama President Announces New Tourism Incentives, Orders Enforcement of Retiree Discounts

From TVN Panamá · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • Panamanian President José Raúl Mulino announced a new tourism incentive law aimed at boosting national development transparently.
  • The law will offer fiscal incentives for large-scale investments in high-potential tourism zones, cutting bureaucracy.
  • Mulino also ordered the consumer protection agency (Acodeco) to strictly enforce discounts for retirees, warning of sanctions for non-compliance.

Panamanian President José Raúl Mulino announced plans to introduce a new tourism incentive law designed to foster national development through transparent means and attract private investment. Speaking at the inauguration of the Armando Dely Valdés Stadium in Colón province, Mulino stated the upcoming legislation aims to provide fiscal incentives for significant investments in areas with high tourism potential.

We are launching a law, soon, soon, of tourism incentives, but a serious law, not of millionaire discretionary funds to support individuals.

— President José Raúl MulinoAnnouncing the upcoming tourism incentive law.

The president emphasized that the new law will streamline processes by eliminating bureaucracy and past distortions, ensuring that opportunities are offered without compromising state resources or the future of Panamanians. "We are launching a law, soon, soon, of tourism incentives, but a serious law, not of discretionary millionaire funds to support individuals," Mulino asserted, highlighting a focus on transparency and responsible economic growth.

In addition to promoting tourism, President Mulino issued a firm directive regarding the rights of retirees. He ordered the Authority for Consumer Protection and Competition Defense (Acodeco) to immediately monitor and enforce the mandatory application of discounts for senior citizens across all commercial establishments nationwide.

I have instructed Acodeco to monitor compliance for retirees. Where it is not complied with, sanctions will be imposed.

— President José Raúl MulinoOrdering the enforcement of retiree discounts.

"I have instructed Acodeco to monitor compliance for retirees. Where it is not complied with, sanctions will be imposed," Mulino warned. He underscored that the existing regulations protecting retirees' discounts are non-negotiable and must be respected by all businesses legally obligated to offer them. The president concluded by stating, "The retiree discount is not a joke and must be respected in all those establishments that by law must grant it."

The retiree discount is not a joke and must be respected in all those establishments that by law must grant it.

— President José Raúl MulinoEmphasizing the mandatory nature of retiree discounts.
DistantNews Editorial

Originally published by TVN Panamá in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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