In Panama, a bill was approved that will grant tax exemptions until 2025 to those who make investments in hotels and recreational activities. On December 31st, President Cortizo sanctioned the bill that provides tax incentives to the tourism sector by modifying some of Law 80 of November 8th, 2012. You may be interested in “Central […]
A group of about 20 interested companies visited the Panama Cruise Terminal today as the Panama Maritime Authority seeks an operator for the new facility. The terminal is going up at Perico Island off the Amador Causeway. Reported $18.8m deal with 20-year term According to a recent report in La Estrella de Panamá, a government […]
Up to October 2019, sales abroad totaled $611 million, exceeding by 5% the amount reported for the same period in 2018. The most recent figures of the General Comptroller of the Republic, detail that between January and October 2018 and the same period in 2019 exports reported a rise, going from $584 million to $611 […]
Price per gallon of regular gasoline: Costa Rica $4.11, Nicaragua $3.57, Honduras $3.46, Guatemala $3.09, El Salvador $3.07 and Panama, $2.85 From the Ministry of Economy of El Salvador’s statement: The current reference prices show increases in all their presentations, because of the announcement given by the United States and China, about the signing of […]
Panama’s Food Authority (Aupsa) rejected the entry into Panama of about 162,000 purple onions from Spain after a plague of live and high-risk parasites for ornamental plants, which is scientifically known as Rhizoplyhus spp and commonly known as bulb mites, was detected in this shipment. After the Panamanian phytosanitary service confirmed the presence of the […]
After the first tender to operate and maintain the cruise terminal at Isla Perico in Panama was cancelled, bases for a new tender were announced. Panama Government Purchase 2019-2-03-0-08-LV-007549 “The awarded Contractor shall be in charge of carrying out all the Services that allow the efficient and satisfactory performance of the Base Port and Transit […]
New for 2020, Pearl Seas Cruises has announced a seven-night Panama Canal cruise aboard the Pearl Mist. The cruise travels the entire length of the Panama Canal making port stops in Cartagena; San Blas Islands; Gatun Lake, Panama Canal; Las Perlas Archipelago; and Panama City. 2020 cruises depart from both Cartagena and Panama City and guests […]
A resounding triumph is being celebrated by banana growers in Changuinola today, in the northwestern tip of Panama, who suspended an indefinite strike after negotiating a 28 percent staggered salary rise. The initial demand was for an increase of 25 percent, but during the negotiations they agreed to receive eight percent from January 15, […]
Ilya Espino de Marotta took office January 1 as Deputy Administrator of the Panama Canal, making history as the first woman to ever hold the position. Mrs. Espino de Marotta began her career at the Canal in 1985 as the sole female engineer at its shipyard. She now works alongside more than 1,000 women and […]
Today, the Panama Canal celebrates two decades under Panamanian administration. While the waterway was already an important trade route and engineering marvel, its transfer to the Panamanian people at noon on December 31, 1999, set in motion a redefining period not only for the Panama Canal, but also Panama itself Over the next 20 years, […]