During the CAPAC Expohabitat fair about 1500 homes were sold and $200 million traded in mortgage transactions, which is 20% more than projected. The Panamanian Chamber of Construction projected generating $175 million, but $220 million was eventually traded, 20% more than planned and 12% more than the results of the fair in 2015, when $194 million worth […]
Approval of the law on fiscal transparency will establish a mechanism to be followed in order for tax information to be exchanged with the United States. From a statement issued by the National Assembly of Panama: Draft Law No.363, in which an agreement between Panama and the United States is approved for improving international tax […]
Indications have been given that the tender will be held in October and will include the 77 duty free premises in Terminal 1 which are currently operated by Grupo Wisa and Attenza, of the Motta Group. Among the duty free premises that Tocumen is planning to tender in October, are those which were concessioned to […]
Along with Panama’s growing economy, the Panama Canal will continue functioning at the same rate, which represents six percent of all world trade. A new, extended route could help strengthen the country’s economy in the future, according to President of The College of Economists Olmedo Estrada. He did an interview with international agency EFE this week, in […]
The Smithsonian Institution opened its first lab outside the United States, a $20-million research centre in Panama that will study the effects of climate change on tropical forests. Billed as the largest scientific laboratory in Central America, it will monitor carbon dioxide levels and study how trees are changing with the changing climate, Matthew Larsen, […]
While Baton Rouge is notorious for its traffic congestion, business and civic leaders from the south Louisiana Super Region on a canvas trip to Panama this week are realizing it’s all relative. Rush hour gridlock in Panama City, the nation-state’s capital, is so intense at times that a less than 6-mile trip from downtown to […]
This just in from Reuters. Panama has sent the U.S. Department of State an extradition request for former President Ricardo Martinelli to be returned to the Central American nation, a spokesman for Panama’s Foreign Ministry said on Tuesday. Martinelli, who is accused of using public money to spy illegally on more than 150 people, left […]
One Month Free for each year of lease. Boquete Gardens is located is walking distance to town and short drive to several excellent restaurants and stores. We will offer lease terms of 6 to 9 months. Rent is $1,500 per month plus utilities. Call me today to schedule an appointment. Tom Brymer 6810-1074. Click […]
Panama presents a lot of opportunities for U.S. companies interested in investing in the nation’s rapidly growing economy, which has been averaging about 8.5% annual growth for the past several years. But companies looking to do business in Panama have to be aware of the potential pitfalls, says John Coronado, counselor for commercial affairs with […]
In 2015 Panama led the importation of footwear and related materials in the region, with $234 million, followed by Costa Rica, which imported $155 million, and in third place Guatemala, with $154 million. Data from the report Foreign Trade Office on Shoes, similar articles and related materials, prepared by Business Intelligence Unit at Centralamericadata.com shows that […]