AGP Executive Report
Last update: 6 hours agoMaritime Risks: A U.S. fighter jet disabled the Panama-flagged cargo ship Ocean Molica in the Gulf of Oman, which Washington said had ignored blockade warnings after leaving an Iranian port. Separately, 22 crew members were rescued after a tanker incident off the UAE, underscoring rising risks for commercial shipping. Earthquake Response: After the 7.7-magnitude quake disrupted power and transport, the government declared a national emergency, allowing up to $100 million in expedited spending and seeking temporary relief from fiscal limits. Naturgy says power has been restored to 97% of its customers. Business Climate: The EU removed Panama from its tax blacklist but will continue monitoring reforms, a boost to the country’s standing with investors. Small Businesses: A new Assembly proposal would revise retiree discounts and create a fund to help microenterprises cover the cost, following concerns that mandated discounts could burden retailers.
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