Central America: Drug Traffickers Rise to Power


News from Panama

I found this great graphic that shows where the bulk of the drug traffic culminates then ultimately flows to the main market, the United States of America.  Unfortunately the countries in front of the drug flow are suffering greatly. The unprecedented increase in violence in Costa Rica, once an oasis of peace in the region, […]

November 10, 2015

Global Food Prices in October 2015


News from Panama

In October, the index of food prices recorded an increase of 4%, driven mainly by rising prices of sugar, vegetable oils and dairy products. From the report by the Food World Organization: The FAO Food Price Index* averaged nearly 162 points in October 2015, as much as 6 points (3.9 percent) more than in September […]

November 10, 2015

How Panama is saving the world’s frogs


News from Panama

Although my wife Susie has frogaphobia, it is nice seeing these creatures around our yard as it is a reflection of a clean eco system. From Al Jazeera.   Frogs are disappearing at an unprecedented rate around the world due to a fungus that is spreading fast. About a third of the world’s amphibian species are […]

November 10, 2015

Grand Canal of Nicaragua: Environmental Green Light


News from Panama

With the approval of the environmental and social impact study the Grand Canal Commission has facilitated the beginning of the construction of the waterway. The Grand Canal Commission has approved the study presented by the Chinese company HKND, concluding that the final impact of the proposed construction of the canal will be positive for the […]

November 10, 2015

Panama Canal Expansion Could Boost U.S. Ag Exports


News from Panama

The Panama Canal Expansion project that’s slated to be completed in April 2016 could open more agricultural export opportunities for the U.S., with increased shipments in particular going to Asia, says Ken Eriksen, senior vice president of transportation at Informa Economics. “Certainly the Asian buyers are going to have an opportunity with this,” Eriksen said […]

November 10, 2015

Panama and the Parking Controversy


News from Panama

  People are starting to get smart to the fact that the building code here does not adequately address parking requirements.  Normal parking requirements are a minimum of one space per apartment unit plus a compliment of guest parking.  Office Building should provide a minimum of 4 spaces per 1,000 sf or 93 m2.  Doctor’s […]

November 10, 2015

Money Laundering Culture in Costa Rica and Panama


News from Panama

We are all responsible for fighting against the culture of easy money through laundering which attracts investments of dubious legality and generates situations of corruption, insecurity, threats and extortion. The main business association in Panama has joined various international and national organizations, noting the need for “… the private sector and citizens to adhere to […]

November 10, 2015

Panama: Automatic Exchange of Tax Information in 2018


News from Panama

The government has joined the list of OECD jurisdictions which exchange tax information automatically, but has said that it will only start implementing the new mechanism in 2018. The Government of the Republic of Panama explained to users of financial services platforms in Panama and the international community, that the country has announced its commitment […]

November 9, 2015

Panama: Incentives for Business Sector


News from Panama

  A bill which has already been approved in second debate provides for production incentives, which vary depending on whether the companies are engaged solely in the local market, the international market or both. From a statement issued by the National Assembly of Panama: Bill No. 285, amending an article of Law 28 of 1995 […]

November 9, 2015