Panama Canal Connects 1,700 Ports


News from Panama

For more than 100 years, the Panama Canal has improved global commerce, transportation and connectivity, enabling growing opportunities for countries around the world. The waterway currently serves 140 routes, connecting 1,700 ports and 160 countries. The main user of the Panama Canal is the U.S., which represents about 67 percent of the total cargo moving […]

March 4, 2019

Caterpillar retiree adds to Panama Canal exhibit


News from Panama

Merv Rennich made Lee Fosburgh’s day with his visit to the new Panama Canal exhibit that opened at the Caterpillar Visitors Center on Friday. Rennich, who spent five years in Latin America during a 33-year career at Caterpillar Inc., presented Fosburgh, Caterpillar’s archivist who planned the exhibit on building of the Panama Canal, with photographs […]

March 4, 2019

24 Hours in Panama City: What to See, Do, and Eat


News from Panama

Jessica Ramesch at International Living explores Panama City. Panama City is a compact capital, crammed with must-see sights, world-class restaurants, and so much more. You could easily spend a week enjoying all the city has to offer. But what if you’re short on time? Never fear, you can do a lot in a 24-hour stay…if […]

March 4, 2019

Watch: Panama ‘is all history now’… or not?


News from Panama

Times of Malta ran this great article.  Finance Minister Edward Scicluna draws gasps and says he won’t point fingers. Finance Minister Edward Scicluna told financial practitioners on Monday that Panama “is all history now”, though he quickly backtracked when confronted about his statement by the Times of Malta. Speaking during the opening of an event organised […]

February 26, 2019

Incentives for the Construction of Parking Lots


News from Panama

In Panama, the National Assembly approved Law 63, which promotes and encourages the construction of underground parking spaces through tax benefits. The law initiative approved on February 12 contemplates the following tax incentives: Investment Amount Exoneration time Exoneration percentage $0 to $200 thousand 5 years 80% $200.001 to 500 thousand 10 years 75% $500.001 onwards […]

February 26, 2019

UNESCO Has Started Recognizing The Cultural Significance Of The Congo Panamanian People


News from Panama

Jackie Mejia writes in Mitu about the Congolese people in Panama. The Congo Panamanian people have a long history in the Central American country. After centuries in Panama, they are now officially being recognized for their cultural contributions. The United Nations Educational, Scientific and Cultural Organization (UNESCO), encourages the celebration and universal respect of cultures […]

February 26, 2019