Panama has a fairly laissez faire approach to business. However, when left to their own devices, businesses seem to have a tendency to run roughshod over everything that doesn’t support their bottom line. One way this manifests is in advertising. Outdoor advertising can amount to significant “visual pollution.” And the target of advertising, the consuming public, often has significantly less love for the ads than the owners do. The Panamanian government has taken note of this, and passed some new regulations for outdoor signage.
Wow. If I understand it correctly, the new rules prohibit advertisers from putting up more than 11 outdoor signs for any one thing. Penalties for infringement are fairly stiff, too. La Prensa (translated by Google) has the following to say about it: