Panama joins international efforts against tax evasion and avoidance


News from Panama

Panama has signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, making it the 105th jurisdiction to join the world’s leading instrument for boosting transparency and combating cross-border tax evasion. “Panama’s decision to sign the multilateral Convention is a confirmation of its commitment to take the necessary steps to meet international expectations in […]

November 1, 2016

Valle Escondido Penthouse Condo for Sale


News from Panama

Located in the gated community of Valle Escondido, with 24-hour security and fantastic mountain views.  Three-year old, penthouse unit of a 9-plex condominium building sited near the entrance gate, with a lovely balcony view up Valle Escondido. Watch the drone video by clicking the above picture. Within easy walking distance to downtown Boquete, the condo […]

October 31, 2016

Logistics Panama: Change to Survive


News from Panama

With a “roadmap” proposed for the next four years, the sector aims to improve conditions in the country as a logistics hub and compete better with other Latin American ports. With the help of the CAF Development Bank, the sector of Panamanian logistics companies aims to develop a plan to improve the supply of services […]

October 24, 2016

Wind Farm for $60 million


News from Panama

An Environmental Impact Assessment study has been presented for the construction in Chiriqui, Panama, of a 19.8 MW wind power generation plant. The Environmental Impact Assessment (EIA) study was presented by Energía Verde S.A. to the Ministry of Environment in Panama in July. The document emphasizes that the project, called Chimenea I will have a capacity […]

October 24, 2016

Tender: Educational Infrastructure for $44 million


News from Panama

The Ministry of Education in Panama is putting out to tender construction works in schools located in the provinces of Ngäbe Bugle, Bocas del Toro, Panama and Panama West. Panama Government Purchase 2016-0-07-0-15-LV-027 744: “Design, development plans and construction of buildings for pre-medium secondary education and expansion of infrastructure and other necessities for the school […]

October 24, 2016

Tender: Social Housing for $54 million


News from Panama

The Ministry of Housing in Panama is putting out to tender construction of 3,000 affordable housing units in Ngäbe Bugle. Panama Government Purchase 2016-0-14-0-12-LV-010 968 “Supply of materials, labor, equipment and management for construction of one thousand (1,000) social housing units under the ‘Roofs of Hope’ program in the region of Ngäbe Bugle, district of […]

October 24, 2016

Panama: Gold Mine Receives Environmental Approval


News from Panama

The proposal to exploit the gold mine in Cerro Quema, Los Santos, was considered “viable” by the Evaluation and Environmental Management Department in Panama. The Evaluation and Environmental Management Department at the Ministry of Environment recommended that the Environmental Impact Assessment (EIA) study for the project be approved. Prensa.com reports that now they are  “… just […]

October 24, 2016

Panama: Bureaucracy Complicates Exports


News from Panama

The union of exporters claims that business opportunities are being lost due to the slow pace of processing and issue of permits and certificates for export. Juan Bulnes, president of the Panamanian Association of Exporters (APEX), told Prensa.com that “… ‘For exporters, the National Customs Authority (ANA) and the Ministry of Health (MoH) are a thorn in […]

October 24, 2016

Panama makes largest cocaine seizure of year


News from Panama

Panamanian authorities say they have seized more than 2 ½ tons of cocaine in their largest score of the year. Anti-drug prosecutor Julio Villarreal said Monday that the drugs were buried in a cache near the coast and had to be dug up. It brought the year’s total of cocaine seizures to 43 tons in […]

October 24, 2016