Tag Archives | trusts

cuba cohiba

Cuban Tobacco, Rum among Attractions at Trade Fair in Panama

Prensa Latina reports on the upcoming International Trade Fair Expocomer 2017. Cuban Tobacco, Rum among Attractions at Trade Fair in Panama <p><img src=”″ style=”border:0″ alt=”” /></p> The presentation of the new purito Cohíba Short and the tasting of the best Cuban rums stands out today among Cuba”s main attractions at the upcoming International Trade Fair […]

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industrial building

A New Industrial Law for Panama

A new bill, agreed between the government and the private sector, expands tax incentives granted to companies in the sector through the Certificate of Industrial Promotion. The text was drafted after the government and the private sector reached consensus on how to define tax incentives to which companies in the sector are entitled to. The project […]

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Panama Revisited: Wow!

Barney Brantingham of Independent News revists Panama after decades to find huge changes to the City.   When I first laid eyes on Panama City many decades ago, it was basically a sleepy, low-profile town. Its only claim to fame was the famed canal. Today, it’s the skyscraper boom town of the hemisphere, boasting a skyline of […]

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Complex Outlook for Panamanian Industry

In 2016 the GDP of the industrial sector shrank by almost 3%, affected by a 12% drop in sugar production and 11% in beverage production. In the last two years, the contribution of the industrial sector to the economy has shrunk by $80 million, according to estimates made by entrepreneurs who are members of the […]

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Nobody Wants to Build the Port in Corozal

None of the pre-qualified companies submitted bids in the tender for the concession of the design, construction and operation of a container port in West Corozal, Panama. From the Panama Canal Authority: The Panama Canal Authority (ACP) reports that Friday was the deadline set out in the request for proposals for the submission of bids […]

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Money Laundering in Central America

The housing market, casinos, concert halls, and the livestock sector are all used to launder money in Central American countries. Excerpted from the report “International Narcotics Control Strategy Report, Volume II, Money Laundering and Financial Crimes” by the  US State Department: Costa Rica Transnational criminal organizations continue to favor Costa Rica as a base to […]

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power plant

$400 million investment in Thermoelectric Plant

In Panama the Chinese consortium Martano has submitted an environmental impact study to build a 423 MW combined cycle power plant in the village of Puerto Pilon, province of Colon. Data from the Information System on Construction Projects in Central Area Commercial provided by the Business Intelligence Unit at CentralAmericaData, shows that on December 1, […]

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call centers

Call Center Business Loses Strength in Panama

  Staff shortages affect call centers in Panama TODAY PANAMA – The number of jobs in call center companies fell by 37% between 2012 and 2016, due to the difficulty in finding skilled labor for this activity. Limited supply of staff with the skills needed to work in a call center and higher wage demands […]

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panama papers

Lax Oversight of Swiss Lawyers Blamed in EU’s Panama Probe

Joe Kirwin at Bloomberg writes of loopholes that exist that lawyers took advantage of.   Switzerland’s lack of regulatory oversight for lawyers, as well as loopholes that allow them to ignore due-diligence rules, came under intense scrutiny at a European Parliament hearing probing Switzerland’s role in the year-old Panama Papers revelations. At the same time, […]

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Panama doesn’t take advantage of its trade agreement with the EU

The non-implementation of policies, programs, and projects that help transform the country’s production, trade and projection abroad, affected the economy and contributed to a slow-down. According to the National Competitiveness Center (NCC), it is necessary to meet these challenges at a time when the Brexit and the recent presidential campaign promises in the US threaten […]

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