U.S. authorities obtained a court order allowing them to demand financial information from banks and couriers about wealthy Americans suspected of using a Panamanian law firm to evade taxes. The Internal Revenue Service can now get information about electronic fund transfers and courier deliveries between the firm, Panama Offshore Legal Services, and its U.S. clients, the […]
The Panamanian samples were chosen from among 235 in the international competition “Cocoa of Excellence” (Cacao de Excelencia). The Ministry of Agricultural Development of Panama ( MIDA ) reported that three samples of Panamanian cocoa were selected among the top 50 in the “Cocoa of Excellence” competition, which this time had the participation of 235 […]
This article from Oscar Pena and Rod Larrivee at Retire in Panama will discuss the cost of living in Panama. The article was originally written in February 2019, and it is now March 2020, but the inflation rate in Panama for 2019 came in at -0.5%, so the number are very relative. A comfortable retirement lifestyle […]
Nitra, Slovakia, October 27 – AirCar (V5) is the latest generation flying car that transforms from road vehicle into air vehicle in less than 3-minutes. Useful for leisure and self-driving journeys, and also as a commercial taxi service, the dual mode transformation vehicle can go from driving to flying mode with the click of a button. […]
In a meeting between Millicom CEO Mauricio Ramos and Panamanian President Laurentino Cortizo Cohen, Ramos announced major investment plans, as well as the creation of a Fintech Hub Millicom is keen to demonstrate its commitment to advancing the digitalisation of Panama, announcing a plan to invest $250 million into their local business over the 2021–2022 […]
The Panama Canal Authority says vessel transits are rebounding as global trade picks up after the Covid-19 pandemic. Container ships have led the recovery while liquefied natural gas and liquefied petroleum gas are among the fastest growing segments for the waterway, said Ilya Espino de Marotta, its deputy administrator, in an interview at the canal locks. The […]
eXp World Holdings, Inc. (Nasdaq: EXPI), the holding company for eXp Realty, one of the fastest-growing real estate companies in the world, has expanded into Panama, under the eXp Panama banner. eXp now operates in 17 countries and territories with more than 59,000 agents across the globe. eXp offers real estate agents a unique cloud-based […]
A study has been announced by the Panamanian government and its partner Energy Transfer to study the prospects of building a liquid petroleum gas pipeline, running beside the existing Panama Canal that links the Atlantic Ocean with the Pacific Ocean. If the project is given the go ahead, it would involve the development, construction, and […]
he government of Panama has offered to host the 19th Meeting of the Conference of the Parties to CITES (CoP 19) in Panama City in November 2022. Put forth by Panama’s Ministry for the Environment, the country’s CITES Management Authority, the offer comes after the Government of Costa Rica withdrew their original proposal to host the […]
U.S. midstream giant Energy Transfer LP is looking to expand to new markets with an initial deal to explore a potential liquefied petroleum gas (LPG) development in Panama. The Dallas-based company has signed a memorandum of understanding (MOU) with the Republic of Panama to jointly study the feasibility of the proposed Trans-Panama Gateway Pipeline development. […]