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

Retire in Historic La Villa De Los Santos, Panama


News from Panama

Kathleen Peddicord reports for USNEWS of this special place here in Panama. November in Panama is the Mes de la Patria, the month when Panamanians celebrate their country’s road to freedom. November 3 is the first of two independence days, this one remembering the break from Colombia in 1903. This is followed by Flag Day […]

November 9, 2015

Panama Canal expansion 93% complete


News from Panama

I remember first coming to Panama, getting my Cedula and voting for the first time here when the canal expansion was put to a vote.  It was one of the proudest days of my life as I returned to the land of my birth and I knew that I  was going to witness this incredible […]

November 9, 2015