An Aeronautical Maintenance Center in Panama


News from Panama

The Honda Aeronautical Maintenance Center could be built on the premises of the Panama Pacifico International Airport, and would be the only center in the region authorized to carry out inspections of HondaJet aircraft. Hondajet Middle Americas sales manager, Guillermo Suárez, explained to reporters that “… “The company needed a central point, and Panama with its geopolitical, economic and security investment […]

September 13, 2017

Panama: Car Sales Drop 13% up to July 2017


News from Panama

Between January and July of this year, 33,781 new vehicles were registered, 13% less than in the same period of 2016, reaffirming the downward trend that has been seen since the beginning of the year. Figures from the Comptroller General’s Office indicate that in July 4,494 new vehicles were registered, distributed as follows: 1,680 automobiles (-19% compared to the […]

September 13, 2017

Panama: Panama Tax Treaties


News from Panama

Michelle Martinelli Patton at Linkorp wrote this article for Mondaq. The Panamanian Government with the aim of improving the competitiveness of the international services industry in Panama and, at the same time, comply with international standards for the effective exchange of information, initiated in 2009 a decisive agenda for the selection of countries with whom […]

September 13, 2017

$61 million to be Invested in Real Estate Development


News from Panama

An environmental impact study has been submitted for the construction in San Miguelito, Panama, of a mixed complex consisting of six apartment towers and a tower for commercial use. Data from the Interactive System “Construction in Central America”, compiled by the Business Intelligence Unit at CentralAmericaData, indicates that in June Inmobiliaria Panamá Bella S.A. submitted an Environmental Impact Study (EIA) to the […]

September 13, 2017

Panama Helps the Caribbean after Hurricane Irma


News from Panama

Panama will send some 90 tons of humanitarian aid to the Caribbean islands, especially the island of San Martin and Cuba   An air corridor was established today from Panama for the delivery of some 90 tons of humanitarian aid to the Caribbean islands devastated by the recent hurricane Irma scourge, according to the Secretary of […]

September 13, 2017

Chinese Banks Interested in Panama


News from Panama

Representatives of the banking guild say that since the reestablishment of diplomatic relations, banks in the Asian country have expressed interest in the Panamanian market. Although the conditions and legal framework in which correspondents of large international banks operate in the country still need to be improved, representatives from the banking sector believe that the arrival of […]

September 13, 2017

Maritime Industry Meeting in Panama


News from Panama

From September 27th to 29th, companies from the maritime sector will be meeting in Panama to discuss issues related to technology, rules and regulations in the industry. From a statement issued by the Maritime Chamber of Panama: First Annual Maritime Conference of Panama entitled “The Next 100 Years” set within the framework of Panama’s 100-year ship […]

September 13, 2017