Panama and South Africa sign maritime cooperation agreement


News from Panama

This is an article by Michele Labrut from Panama published in Seatrade Magazine Panama and South Africa, through the Panama Maritime Authority (AMP) and the Ministry of Transport, have signed a co-operation agreement in the fields of maritime transportation. The document was signed by South Africa’s Minister of Transport Dipou Peters and the AMP Administrator […]

August 6, 2015

Panama: More Demands on Tax Information Exchange


News from Panama

Panama has not yet complied with the previous standard of the OECD, and now new requirements are being added in terms of automatic exchange of information. While trying to get removed from the gray list of the FATF, Panama now faces a new demand from the Organization for Economic Cooperation and Development (OECD), which has […]

August 6, 2015

2016 Economic Statistics and Indicators


News from Panama

Panama’s economy is scheduled produce $54.03 Billion in GDP and that is an increase of 6.691% for 2016.  More good news even though we got spoiled by double digit growth for so long.  People still complain that it is not enough!! See the rest of the world here.   Panama $54.003 6.691%

August 5, 2015

Internet.org App Debuts in Panama


News from Panama

Not resting on the one-year anniversary of the debut of its application, the Internet.org app is now available in Panama. Facebook co-founder and CEO Mark Zuckerberg first announced the app’s launch in the country in April, at Summit of the Americas in Panama, where he met with President Juan Carlos Varela. Zuckerberg confirmed the launch in a Facebook post Tuesday, […]

July 30, 2015

Panama: Another $130 million in Wind Energy


News from Panama

The company UEP Penonomé II plans to invest $130 million in the construction of the fourth phase of the wind farm, increasing total capacity to 67 MW. The company in charge of the project announced that in the fourth stage it will add 25 new turbines, which could be of a size greater than those […]

July 30, 2015