Kentucky Derby Party at Our House


News from Panama

We had a small party on Saturday to celebrate the Kentucky Derby and the girls did it up right again this year with Mint Juleps  and more. My Derby Queen and wife Susie was the hostess with the mostess as always!  There was more food and drink than I think we have ever seen in […]

May 8, 2016

Mom’s Lesson; Give Generously


News from Panama

I remember my Mother everyday but especially on Mother’s day.  Mother’s day is Sunday May 8th and this story by Lori Borgman hits so close to home,  it made me really miss my Mom. My mother was a giver. The woman loved to give. The occasion never mattered – weddings, birthdays, anniversaries, Ground Hog Day, […]

May 4, 2016

Maersk and the Expanded Canal


News from Panama

The shipping company has drawn attention to the impact that the Canal expansion will have on its operations noting that there are still only a few ports that can receive Post Panamax vessels. The two routes that the Danish shipping company Maersk Line ceased to operate in 2013 were of great importance for Latin America, […]

May 3, 2016

Forget The Panama Papers, Use The United States As A Tax Haven


News from Panama

Todd Ganos contributes this artile to Forbes and explains how the recent revelation of what are being called the “Panama Papers” highlights the poor advice individuals receive, irrespective of country. Key to characterizing things as poor advice for non-US persons is the recognition of the most overlooked tax haven in the world: the United States. […]

May 3, 2016

Awards: $66 million Residential Complex


News from Panama

Affordable housing is an important part of the growth in Panama and the government program works well here. In Panama a contract has been awarded to the company Ingeniería REC, SA to design and build a social housing complex in the province of Veraguas. In the tender for the supply of materials, labor, equipment and […]

May 3, 2016

Panama: $180 million Traded at Expovivienda


News from Panama

During the event 2,575 mortgages were sold, among which social and middle class housing stood out the most, with prices ranging between $40,000 and $80,000. The figures provided by the Panamanian Chamber of Construction (Capac) again reflect the growing need for housing that exists in the country, mainly in middle class and lower class segment. […]

May 3, 2016

First Ship to Transit the Expanded Panama Canal Named


News from Panama

China’s COSCO Shipping has won the draw for the first transit through the expanded Panama Canal during the waterway’s inauguration on Sunday, June 26. The shipping line’s container vessel Andronikos will be making the inaugural transit. The vessel, which has a maximum capacity of 9,400 TEUs, is 8.25 meters in beam and 299.98 meters in […]

May 3, 2016

Colombia and Panama Announce Tax Information Agreement


News from Panama

The treaty to avoid double taxation will come into force in 2018 and includes a clause for exchanging tax information upon request, in accordance with OECD standards. Ending a story that began two years ago when Colombia suggested including Panama on its list of tax havens, the government has finalised negotiations and announced that the […]

May 3, 2016