The Panama Canal Authority proposed a comprehensive restructuring of its toll system on Friday, which would increase rates charged on cargo such as vehicles, oil and gas and soybeans that cross the waterway as ocean shippers rake in record profits. The changes would reduce the current structure to fewer than 60 tariffs from 430 now and focus […]
ASSIGNMENT OF A UNIQUE REGISTRATION CODE (HEREINAFTER “CUR”): Every lawyer or law firm that intends to provide resident agent services for Panamanian legal entities must be registered in the Unique System of the Superintendence of Non-Financial Subjects. After their registration, the Superintendence of Non-Financial Subjects will assign a Unique Registration Code (hereinafter “CUR”) to each […]
Recent seizures of illegally sourced wood in Panama have highlighted the important role the country plays the international timber trade, due to both its strategic geographical position and valuable species of trees on its territory. On March 28 and 31, Panamanian police seized two containers at ports in the northern city of Colón, carrying a […]
With a bag full of hopes and dreams, Iriana Ureña, a 32-year-old Venezuelan mother of two, arrived at a Migrant Reception Station (ERM) in San Vicente, at the edge of the Darien Gap. The look in her eyes showing the pain of a mother who would do anything to protect her children. Iriana and her […]
It can be heard said on the streets of Panama that boxing transcends sport in that country and is in fact a religion in itself. Several generations of people have grown up knowing that one of the greatest fighters of all time, Roberto “Manos de Piedra” (Hands of Stone) Duran, was born in that Central […]
In “Panama,” Mel Gibson plays Stark, a CIA operative who recruits James Becker, a Marine veteran played by Cole Hauser, to take on a top-secret arms mission to Panama in 1989, just before the U.S. invasion and the overthrow of Gen. Manuel Noriega. More…
From its most universal attraction, in Canal, to the surfing beaches of Santa Catalina, a route through the natural wonders of the Central American country. More…
Panama has stepped up security along its jungle border with Colombia in an effort to detect irregular migration movements and members of criminal groups. Speaking in Meteti, Security Minister Juan Pino said Friday that the “Wana Humaradá” operation would focus on four strategic points of the Darien region. It aims to prevent drug trafficking, human […]
BUSINESS WIRE – Live and Invest Overseas, the leading resource for people who want to live, retire, and invest overseas, announced today its six best international markets for investment property in 2022: Panama, Colombia, Brazil, Montenegro, Morocco, and the Philippines. These overseas destinations were chosen because they offer untapped, and in some cases, depressed real estate […]
The rating actions follow the affirmation of Panama’s IDR at ‘BBB-‘ and the revision of its Rating Outlook to Stable from Negative. The revision of Panama’s Outlook to Stable reflects the ongoing improvement in the fiscal position and a better-than-expected economic recovery following the initial pandemic shock. Fitch’s fiscal expectations have improved amid a stronger-than-expected […]