Because of the short time frame and costs required to make the change, businesses are asking for the enforcement of the obligation to withhold 50% Transfer Tax on Goods and Services to be postponed. From a statement issued by the Chamber of Commerce, Industries and Agriculture of Panama (CCIAP): (Panama, October 26, 2015) The Chamber […]
Great movie Mutiny on the Bounty but not such a good scene in Costa Rica. Here is a good editorial on the subject. A ship’s captain is the person legitimately appointed to rule the ship, and must not relinquish power to rebellious sailors who want to set a course that serves their own interests and […]
An immediate fiscal adjustment is needed in order to avoid the risk of a possible closure of credit to the country in the international market, which would force an abrupt adjustment. The warning from the head of the mission at the International Monetary Fund (IMF), Lorenzo Figliuoli, has its origin in the government’s fiscal deficit, […]
Panama’s beautiful landscape and rich culture are being featured through at an exhibition that has opened in Ha Noi. Many Vietnamese people only know about the country for its canal, but the exhibition will give visitors a chance to see lush tropical forests, wildlife, stunning beaches, skilful fine arts and colourful festivals. The event, jointly […]
The first vessel powered by LNG, transited the Panama Canal on 30 October, a US-flagged box ship named Isola Bella. ‘The use of LNG as fuel in US defines a major change for the shipping industry, since the use of this fuel pollution to the environment is reduced by a large percentage, so that the […]
Susie and I did some cruising with another small boat cruise line in Alaska and I can tell you that the intimate atmosphere is second to none when you can visit the Captain in the wheel house and you have a limited amount of guests and get to know everyone. Not to mention that these […]
What is MERU? In the high-stakes game of big-wall climbing, the Shark’s Fin on Mount Meru is the ultimate prize. Everest is a cakewalk by comparison. Sitting at the headwaters of the sacred Ganges River in Northern India, the Shark’s Fin has seen more failed attempts by elite climbing teams over the past 30 years than any […]
The second terminal under construction will not be enough to meet projected demand by 2020, therefore a third airport expansion is being considered. The authorities at Tocumen SA have projected that by 2020 the average annual number of passengers who transit through the international airport in Panama City will amount to 20 million and the […]
Fitch notes that the relatively favorable external environment will not be enough for Central American countries to improve their credit ratings, which could remain stable despite fiscal problems. From the press release by Fitch Ratings: Fitch Ratings-New York-22 October 2015: External tailwinds are unlikely to lead to a significant uplift in Central America’s creditworthiness, says […]
In the next 35 years more than $11 billion will need to be invested in new projects in order to meet electricity demand, which is projected to grow at an average annual rate of 5%. Projections by the General Secretariat of Energy also indicate the need to invest in replacing power lines every ten years, […]