In 2018, the perception of corruption in public institutions increased in all countries in the region, except Panama, where it remained the same as in 2017, and El Salvador, where it slightly decreased. As in previous years, Nicaragua’s public sector continues to be considered the most corrupt in the region (level of transparency 25 on […]
March 28 is the new date to present proposals for the design, construction and operation of the Fourth Electric Transmission Line in Panama. The modification to the terms of the public tender was carried out by the Empresa de Transmisión Eléctrica (Etesa) at the request of the companies pre-qualified in the process. The project includes […]
In 2018, the volume traded in the Panamanian Stock Exchange totaled $6.100 million, 15% more than the data reported in 2017, mainly because of the behavior of the primary market. The increase in the volume traded in 2018 represents a recovery in the stock market, since in 2017 the stock market activity of the Panama […]
With a majority vote, Project 591, which criminalizes tax evasion in the Criminal Code and is considered a crime resulting from money laundering, was approved in the third debate, informed the Legislative Assembly. “The project establishes in article 288 G that anyone who, for personal benefit or the benefit of a third party and with […]
President of the Senate, Lee Mark Chang, is in Panama attending the 37th meeting of Presiding Officers of National Parliaments of Central America and the Caribbean Basin (FOPREL). The meeting’s highlight took place on January 30th, with an official handing over ceremony of the organization’s Pro Team Presidency from the congress of Honduras to the […]
Consistent with the downward trend reported since the beginning of last year in Panama, during 2018 the cost of new construction, additions and repairs fell 39% compared to 2017 Data from the General Comptroller of the Republic detail that the performance of the construction sector in 2018 was negative, since the cost of new constructions, […]
Panama’s tax authorities on January 24 signed the Multilateral Competent Authority Agreement for Country-by-Country Reporting. The agreement is designed to make it easier for countries to exchange country-by-country reports on large multinational firms. The plan to exchange the reports was agreed to by nations in 2015 as a result of the OECD/G20 Base Erosion and Profit Shifting (BEPS) […]
Panama agreed to remove from its Ship Registry some 60 Iranian vessels to avoid being placed on a US Treasury blacklist. In 2016, some 60 Iranian vessels from Iran were flagged in Panama’s Ship Registry following the lifting of the economic restrictions imposed by the Office of Foreign Assets Control (OFAC) of the US Treasury […]
Scott McMurren writes for the Anchorage Daily News of his experience on the Canal. There was an air of anticipation on our ship, the Safari Voyager, as we approached the Panama Canal. For the past week, we had sailed leisurely down the Pacific Coast of Costa Rica and Panama. As we approached the canal, it […]
This is a great article written by Liz Larroquette in her blog Recently, I was at a party in the States and found myself making small talk with a wide variety of interesting people. Waiters moved seamlessly with small trays of appetizers and bottles of wine ready to pour, complete with small cloths draped perfectly […]