Insurers are obliged to cover accidents involving alcohol consumption after Congress approved a bill on its third reading. From a statement issued by the National Assembly of Panama: Bill No. 232, which imposes rules for obtaining a certificate of vehicle inspection to act as an insurance policy that includes coverage for accidents resulting from the […]
Panama’s vice president and foreign minister, Isabel de Saint Malo de Alvarado, has fuelled doubts over the viability of the Nicaragua Canal project, claiming further Panama Canal expansions would be more cost effective. Speaking at the London School of Economics, she said: “We could build a third, fourth, fifth expansion at a cost much much […]
Panama’s economy grew at its slowest rate in five years in 2015, data showed on Friday, missing government estimates as infrastructure projects were stalled. The economy grew 5.8 percent, the comptroller office said, driven by financial services, the Panama Canal and tourism. In 2010 the economy grew at the same rate. But although Panama is […]
This is every parents nightmare so make sure you tell your kids to watch out for this. It happens a lot more often than you think. In the 910 days Natalia Stachowiak has been locked up in a Panamanian prison for international drug trafficking, she’s had $13 manicure-pedicures, $10 massages, and a $6 blow-dry and style. The 21-year-old Edmontonian, […]
The Tourism Authority will publish a new specification after the initial tender was declared void because the only bidders belonged to the same conglomerate. The evaluation committee appointed by the Tourism Authority of Panama (ATP) has annulled the act of tendering design services and production of an advertising campaign, development of media plans, patterns in […]
Plots and other relevant information needed to advance in the building of the Higher Institute of Agriculture are now ready, with a required investment of $60 million. The construction of the Higher Institute of Agriculture could start in the middle of this year, according to information given to Telemetro by the Agricultural Development Minister, Jorge […]
The Government of the Republic of Panama rejected statements in which the country is described as a tax haven, saying such descriptions do not reflect the efforts carried out by the country to modernize and update the national financial and services markets. Panama’s consul in Malta, John A. Gauci-Maistre, forwarded a statement issued by the […]
The organization has rejected Panama’s attempt to implement automatic exchange of tax information using a different system to the standard used by the organization. The General Secretariat of the Organisation for Economic Co-operation and Development (OECD) understood the proposal put forward by Panama to exchange tax information through bilateral agreements as moving away from its […]
GUPC, the consortium building the new Panama Canal locks, said that in the next two months it would conduct more than 2,000 trials in the Pacific and Caribbean sectors of the expanded waterway, focusing on gates, valves, electric power and control systems. Some systems are already being operated from the control towers and the buildings […]
Trade agreements have been set after a state delegation in Panama secured the agreement for $200 million in Missouri goods over the next five years, Gov. Nixon is leading the delegation. “This agreement with Panama is further evidence that our focus on emerging economies can expand Missouri’s exports around the world, grow our economy and […]