President of Panama Association of Business ExecutivesTemístocles Rosas, warned this Wednesday that the next two weeks will be difficult, taking into account the current panorama that the country is experiencing.
In this sense, Rosas said that in addition to the demonstrations, we must also take into account that there are several days off in November.
“This is a complicated fortnight because next, the first of November, with so many days off, there are not enough days to collect enough to pay,” Rosas told Eco TV.
Rosas warned that the situation could lead to the closure of the company.
“If this continues, the private sector can last one or three days, but not a month as it was in July last year,” he believes.
According to Rosas, losses from last year’s closings There were more than one billion of them.
Currently, one of the central problems is the cancellation of reservations, which affects the tourism sector.
“During the first days of November, there were more than 45,000 room reservations and they were canceled. Everything has an effect,” he explained.
The executive authority asks the Government for quick action because the economic sector must work again.
Furthermore, Rosas admitted that he expected more from these are the words of President Laurentin Cortiz.
Source: Panama America
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
