Central America Data . Com put out this interesting Editorial about how real entrepreneurs and CEOs do not need a state official, who will never be an entrepreneur, to tell them how to run a company and increase revenues. EDITORIAL In Costa Rica, the government continues to believe that state officials can show employers how […]
Nick Giambruno, Senior Editor at Casey Research reports on FATCA and what might be next with the US Government in its move to expand the “new rules” it has implemented on the world banking systems. If you’ve never heard of the Foreign Account Tax Compliance Act (FATCA), you’re not alone. Few people have, and even […]
Amid the controversy generated by the Panama Papers, the Financial Action Task Force in Latin America has recognized the efforts made by the country in issues of transparency. From a statement issued by the Latin American Financial Action Task Force (GAFILAT): “… Relationship of the current situation with the Evaluation of Panama: Panama is a […]
Here is a great article reported by UPI about this archeological find. For the first time, a monkey fossil dated prior to the formation of the Isthmus of Panama has been discovered in North America. The fossil was excavated after being exposed during the Panama Canal expansion project. The Isthmus of Panama first rose from […]
Panama has signed a deal with Japan to secure $2.6 billion in financing for the construction of a third metro line in the Central American nation’s capital. The line will run from central Panama City west across the Panama Canal to link the capital with western suburbs. Construction is expected to begin next year with […]
Reuters reports that Panama will adopt international reporting standards as part of its desire to remain transparent. Panama will adopt international tax reporting standards and participate in the automatic exchange of tax information by 2018, President Juan Carlos Varela told Japanese media on Tuesday, as his country came under a harsh spotlight in the wake […]
The Tourism Authority of Panama will directly hire an advertising agency to develop two years of international promotion campaigns. The head of the entity, Gustavo Him, told Prensa.com that “… the call began last week and they expect to receive six proposals in the month of May.” The decision not to invite tenders and make […]
Julia Harte reports for Reuters that the ICIJ will not work with the US Department of Justice. The media group that coordinated the Panama Papers investigation into offshore companies said on Thursday it would not participate in a criminal probe by the U.S. Department of Justice. Preet Bharara, the U.S. Attorney for Manhattan, wrote to […]
The Panama Canal is taking reservations for ships to transit its new locks starting June 27, the day after the inauguration of a $5.25 billion project to double the waterway’s capacity, authorities said Monday. The Panama Canal Authority said it processed 25 slots in the first hours since reservations opened. Four per day are reserved […]
Eric Farnsworth writes this great article for Americas Society / Council of the Americas. For over a century the Panama Canal has served effectively as a windpipe of the global economy, but it has also been seen as a tangible testament to U.S. technological and organizational prowess, the ability to mobilize capital, and a symbol […]