Panamanian Banks: 1H21 Review and Update


News from Panama

If you are going to deposit money in a bank in Panama, do your homework.  While rates stay strong at 3 to 5%, be careful.  I am opting for Banco General is one of the best banks and strong compared to some of the others.  I have also noticed a decline in service like Scotiabank […]

May 4, 2021

A permanent residency is created for investors in Panama


News from Panama

Through Executive Decree No. 722 of October 15, 2020, Panama has created the subcategory of Permanent Resident as a Qualified Investor; It is specifically focused on those foreigners who invest, at least, an amount of $ 500,000.00 from a foreign source, which may be in a personal capacity or through a legal entity, in which […]

May 4, 2021

Simon Says


News from Panama

I follow Simon black on a daily basis.  He is a successful international businessman who has a good understanding of what is going on these days.   With a new government and president comes a lot of questions. A- What is going on? B- What should I do about it. Let’s start with A- What is […]

April 28, 2021

Panama- OPINION: The bank of friends


News from Panama

The Savings Bank is a state bank, which is governed by the rules of the market as if it were another in the square. But there have been occasions when, because it is a state bank, some take advantage of it and its behavior ceases to be that of another bank to be the bank […]

April 27, 2021

Panama- Corruption with no brakes


News from Panama

Press freedom, according to a ranking by the prestigious Reporters Without Borders organization, begins to suffer the consequences of a closed and non-transparent policy when the media tries to report corruption issues. In this last measurement, freedom of the press in Panama dropped one notch, ranking 77 out of 180 countries studied. “Journalists in Panama […]

April 27, 2021

Technology in Agriculture to Increase Productivity


News from Panama

Some of the technological tools that will be used in the coming years to increase agricultural productivity include the use of devices connected to the Internet that can create self-regulating microclimates in greenhouses and crop monitoring through aerial images. Business Intelligence solutions used by agricultural companies have the ability to transform maps and images into structured […]

April 27, 2021