Thabata Molina at the PanAm Post writes that drug seizures increased 16 Percent from 2014 and so far in 2015, Panamanian authorities have seized 12,050 kilograms of narcotics. The Panamanian coastline is under constant surveillance by authorities on the lookout for illegal drug-trafficking operations. In the last six years alone, the National Air and Naval […]
The government says it has completed the action plan agreed with FATF and requested they visit the country to check for compliance, in order to speed up the process to leave the list of countries considered as tax havens. From a statement issued by the Ministry of Economy and Finance: The government of Panama has […]
Anna Edgerton at Bloomberg writes of the impact of Brazil’s currency plunge. Less Brazil shoppers in Free Trade Zone, President Valera says Copa cutting Brazil flights, adding more daily Havana flights The biggest concern for Panama, one of Latin America’s fastest-growing economies in the past decade, is the currency devaluation hitting its larger neighbors to […]
I have watched with disbelief, the political system of our government in the US and even to some extent our government here in Panama when it comes to subsidizing some its citizens with taxes paid by the producers. Here in Panama by example, I was reminded by a friend, that using producer’s tax money, the […]
Susie and I visited the Los Quetzales Lodge this last weekend to chill, literally. It was beautiful with nights in the 50’s and day time temps in the 60’s. After returning to Boquete, I found myself uncomfortably warm having acclimated to the cooler temperatures. Don’t get me wrong, Boquete is nice and cool at night […]
An environmental impact study has been submitted for the construction of a beverage production and distribution plant measuring 144 thousand square meters in Panama City. The Environmental Impact Assessment (EIA) submitted to the National Authority of the Environment in July 2015 by the company Pacific Brewery SA, indicates that the aim is to complete construction […]
My friend Jeff Barton in Panama City wrote an interesting article that appeared in NuWire. As real sales activity increases in Panama City, a subtle shift is occurring in the buyer demographics. For the first time, we’re starting to see a significant increase in the number of buyers from Europe, part of the growing globalization […]
Numerous analyses have been put forward offering differing impact scenarios arising from the Panama Canal expansion. Most project substantially greater volumes of container cargo entering the Gulf of Mexico and Caribbean trades. The 15th edition of TOC Americas, taking place in Panama, 13-15 Oct, will scrutinize the ability of ports to cope with these greater […]
The ITF (International Transport Workers’ Federation) has commissioned a study into the maneuvering feasibility of the new Panama Canal locks. Though cracks and seepage in the new locks have been in the news, structure is not the only concern. The new locks will necessitate changes to canal operations. The Panama Canal Authority has taken delivery […]
On Friday afternoon, Gov. Rick Scott announced PortMiami had finished its dredging project to ready for larger vessels heading to the Atlantic seaboard after the expansion of the Panama Canal is completed. The state had invested $112 million in the project after a federal shortfall of $77 million on the project. “We did not wait […]