While the exit of Odebrecth has caused pain here in Panama, life will go on and things will get done, albeit later than anticipated. Reports state that the swiss UBS and Mexico’s Inbursa are the banks that could lead the new financing structure for finishing construction of Line 2, which is currently 33% complete. Following […]
This is another side of the blistering growth we have had for the past 10 years and it is now slowing. That said, many nations would be jealous and thankful for any growth at all. Over the past year 66,700 new vehicles were registered, only 3% more than in 2015, while between 2014 and 2015, […]
John Hampton captures some great tunes in this video from the Boquete Jazz and Blues Festival Garden Party held at the Panamonte Hotel. It is worth watching the whole set.
The value of construction, additions and repairs recorded last year fell by 3.2% compared to 2015, mainly due to a 9% drop in the value of non-residential construction. The main reduction in value was recorded in San Miguelito, with a variation of -29%, followed by Panama, where the value fell by 8%. In the province of Arraiján […]
Panama wants to impose $210 million of annual trade sanctions on Colombia, according to a filing published by the World Trade Organization on Monday, after winning a legal challenge against a so-called “money laundering” tariff. Panama won a judgment at the WTO last year after complaining about Colombian tariffs on textiles, clothes and shoes. Colombia […]
Prosecutors in Panama are seeking international help in detaining two sons of former President Ricardo Martinelli in relation to an alleged scheme to launder bribes from Brazilian construction giant Odebrecht. The Associated Press obtained on Monday a copy of a request filed by anti-corruption prosecutor Tania Sterling asking for an Interpol red alert against Ricardo […]
AirBnb has been very successful in Panama as it is in all parts of the world. Costa Rica just made the service more expensive. Any taxes collected will come out of the customers pockets. A bill being prepared by the hotel union would force platforms such as Airbnb to pay 13% sales tax and an […]
Genetic diversity and climate change are two of the topics covered in the international event on Coffee Science in San Salvador, from May 31 to June 2. The World Coffee Science Summit is scheduled to start on the evening of Wednesday May 31 and end with a dinner party the night of Friday June 2nd […]
Between January and September 2016 the Central American countries as a whole imported a monthly average of $32 million worth of furniture for offices and homes. Data extracted from the report ‘Furniture Market in Central America’, presented by CentralAmericaData’s Business Intelligence Unit: [GRAPHIC caption = “Click to interact with the graph”] Imports by country In […]
The government has extended, until December 31 this year, the decree from August 2016 that temporarily increases import tariffs for flowers, coal, clinker and clothing. From a statement issued by the Presidency of Panama: The Cabinet has given approval to the extension of Executive Decree No. 001-17 which temporarily increases import tariffs on items such […]