In countries where airlines work closely with airport authorities and governments, the sector’s development has been remarkable, as is the case of Panama. Air connectivity in Latin America and the Caribbean is expensive: there are 130 different taxes on airfare, costs which are charged to companies, individual travelers, the aviation industry and tourism in general. […]
The Ministry of Education in Panama is putting out to tender the study, design, construction, infrastructure replacement and other renovations and expansions in schools in the Ngobe Bugle area. This is huge step forward in improving education which will eventually translate into economic advancement for some of the poorer areas of Panama. Rich in tradition […]
The value per square meter in the Panamanian colonial settlement has almost doubled in the last 10 years. The restoration of the ‘Casco Antiguo‘ (Old Town) of Panama, which has received investment and economic boom in the city has made property prices soar. According to a report published by Martesfinanciero.com, there are about 900 buildings […]
Focus Economics put out this report demonstrating Panama’s underlying strengths. While we only grew 5.3% in Q4 of last year, the growth trend will continue over the next five years, leading Latin America. Makes one proud to be Panamanian and living here! The Panamanian economy grew 5.3% annually in the last quarter of 2015, marking […]
Nick Giambruno writes for Casey Research about the benefits of owning foreign real estate. This is nothing new but in today’s world, it has become an important part of financial planning especially if you want to have a “Plan B”. Financial privacy is dead. You should assume that, sooner or later, all the details of […]
Colombian businessmen have pointed out the damage caused to their business dealings with Panama by the respective governments inability to resolve continuing conflicts over the sharing of financial information and tariff policy. Representatives from the Colombian Chamber of Commerce – Panama stressed the importance of Panama not only as a financial center but as a […]
DHL has announced an investment of $4 million to operate directly from the Colon Free Zone, with special focus on the pharmaceutical, textile and home appliances sectors. The Logistics company DHL has reactivated its operations directly in the Colon Free Zone with an investment of more than $4 million, confirmed Gilberto Castro, operations manager of […]
My friend Skip sent me these very cute short stories. {1} Once all the villagers decided to pray for rain. On the day of prayer all the people gathered, but only one boy came with an umbrella. That’s FAITH {2} When you throw a baby in the air, she laughs because she knows you will […]
OK, now it gets interesting and here is the story on how the US is one of the world’s largest tax havens. The release of the so-called Panama Papers threw back the veil on how the world’s ultra-rich hide their wealth in secret offshore shell companies, and critics say Delaware’s incorporation law also allows faceless […]
The Wall Street Journal put out this article telling how Bernie got it backwards.. again!! When you’re a protectionist hammer, everything looks like a free-trade agreement to pound. So it shouldn’t surprise that Bernie Sanders is using the disclosures in the Panama Papers to assail the 2011 U.S.-Panama trade accord for making secret bank accounts […]