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, […]
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. […]
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 […]
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. […]
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 […]
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 […]
Telesur reports that Eligio Cedeño, a banker given asylum by the U.S. after he fled Venezuela in 2009 due to charges of financial corruption, has shown up in the Panama Papers and this is only the beginning. A journalist with access to the Panama Papers has confirmed that wanted Venezuelan banker Eligio Cedeño’s name appears […]
WOW, this looks like fun!! Actually, light air has descended on the fleet earlier in the week with wind speeds dropping to as little as 0.4 knots. The Clipper Round the World Yacht Race crews set out this week into the North Pacific Ocean to start Race 10, the PSP Logistics Panama Cup. After motorsailing […]
Neil Barofsky, partner at Jenner & Block and former special inspector general for TARP at the U.S. Department of Treasury, examines the aftermath of the Panama Papers and the United States as a tax haven. He speaks with Vonnie Quinn on “Bloomberg Surveillance.” This is a great video.
This is a great article from our President Juan Carlos Varela and it is true that the “Panama Papers” affair will make Panama a stronger, not a weaker place in the world! The ‘Panama Papers’ affair was a reminder that we must hold governments accountable in a networked world The world of my youth—divided by […]