The Ministry of Finance and Economy insists that the country is at risk of being included once again in the gray list of the Financial Action Group if tax evasion is not considered a crime. Panama is one of the few countries where tax evasion is not considered a criminal offense. Prensa.com reports that “…The government […]
With the normalization in relations, Chinese companies will now be looking to extend their activities deep into Latin America – right in the US backyard. The Vatican may be considered more important, but Panama is arguably the most strategic prize in Beijing’s quest to isolate Taiwan diplomatically, not to mention extending its influence in America’s […]
The agreement approved by the Municipal Council suspends future construction and preliminary projects in the Condado del Rey area and surrounding neighborhoods. Prensa.com reports that “…During the session of the Municipal Council on November 21, the municipal engineer Ricardo Sanchez said that the suspension will be maintained until the respective hydrological studies and storm drains […]
In January 2018, a delegation of businessmen from the livestock sector will be visiting the Asian country to develop new commercial alliances to increase exports of bovine meat. Panamaamerica.com.pa reports that “…According to the president of the National Association of Cattle Ranchers (Anagan), Aquiles Acevedo, the aim of the visit is to look for new […]
The Estrella Solar project will be completed in June 2018 and will be realized thanks to an investment of US$8 million. Enel Green Power, the renewable energy subsidiary of Italian energy giant Enel, has begun construction of the Estrella Solar PV plant in Panama. The project will be realized thanks to an investment of approximately […]
In the first semester of 2017, Central American countries imported $439 million worth of fertilizer, 42% more than in the same period in 2016. Variation of regional imports Between the first semesters of 2016 and those of 2017 the volume of imported fertilizers registered an increase of 53%, rising from 990,000 tons in 2016 to […]
Panama and China have signed an agreement on maritime transport in presence of China’s president Xi Jinping and Panama’s president Juan Carlos Varela, during Varela’s first visit to China after establishing diplomatic relations. The agreement aims to boost commercial ship traffic, both cargo and passenger ships, between the two countries. Panama’s Minister of Maritime Affairs […]
Owners of the Trump International Hotel in Panama are working to strip President Trump’s name from the 70-story building and fire the hotel management company run by Trump’s family. The property once paid at least $32 million to associate with Trump. The decision was described by hotel unit investors to The Associated Press. Despite lavish […]
Panama has created a “China team” within its government to improve relations with China after President Juan Carlos Varela visited Beijing in the past week. The “China team” comprises those from the ministries of economy and finance, trade and industry and the maritime authorities, the country’s Foreign Minister Isabel de Saint Malo was quoted by […]
In a region which for many years has specialized in serving North American tourists and more recently Europeans, preparing to provide the attention demanded by tourists from China will be a challenge, according to the Panamanian tourism entrepreneurs themselves. The fact that Panama is becoming a hub for air connections with the Asian region does […]