Panama, a popular tax haven that was in the eye of data leak storm dubbed “Panama Papers” in 2016, has finally signed an international agreement that would pave the way for exchange of financial account information with the international community. By signing this agreement — CRS Multilateral Competent Authority Agreement (CRS-MCAA) at the OECD headquarters […]
Reuters reports of the modest inflation rate here in Panama. Consumer prices in Panama were 0.5 percent higher in December compared with the same month a year earlier, the country’s national statistics office (CGR) said on Monday. Education prices rose 3.5 percent, while health was up 2.3 percent and transportation prices gained by 1.7 percent, according […]
Can you imagine allowing the wind farm within a protected rain forest. Well the Supreme Court of Panama killed any chances of this happening. Great move Panama! In Panama, the Supreme Court of Justice has annulled an environmental impact study for a wind farm with 75 wind turbines, which was planned to be built in […]
12 Passengers were killed including 10 Americans on New Year’s Eve and now Nature airlines has been grounded. The investigation into the crash of a Nature Air charter flight in Costa Rica that killed 12, including 10 Americans, on New Year’s Eve took an eyebrow-raising turn when the General Directorate of Civil Aviation suspended the carrier’s […]
One month after its license was canceled, a judicial ruling has reactivated the project to construct and operate a 670 MW natural gas plant, under the responsibility of NG Power. With the ruling from the Supreme Court of Justice, the cancellation of the license to build the 670 MW thermoelectric plant, announced in December 2017 by […]
The sublease contract for 1,300 farms signed between Del Monte and the Panamanian government will allow banana production to start in Barú, Chiriqui. From a statement issued by the Presidency of Panama: The contract for the sub-leasing of more 1,300 farms for reactivation of banana production in Barú, province of Chiriquí, was signed on Monday […]
As a preliminary stage to negotiations for the signing of a Free Trade Agreement, authorities in both countries have started a feasibility study. According to the Minister of Commerce and Industries, Augusto Arosemena Moreno, “Panama’s primary interest is to boost foreign investment, mainly of added value, making Panama a distribution center for the region and […]
Sarah Gibbens writes in National Geographic about the mission here in Panama to save the harlequin frogs. Hundreds of colorful frogs, barely the size of a palm, have been released into the wilds of Panama in the hopes of reviving a critically endangered species. The variable harlequin frogs, raised in captivity at a Smithsonian’s Conservation […]
Watch these two young musicians bang out the rhythm!!
From March 20 to 23, a group of Panamanian businessmen will be visiting Santo Domingo to meet with local companies and explore business opportunities. In this trade mission, it is expected that twenty exporting companies will take part, among them agro-industrial and industrial companies, who will be holding business appointments with important importers from the […]