A bill put forward by the executive branch proposes tax breaks and direct non-refundable financing for implementing restoration or reforestation plans. From a statement issued by the Presidency of Panama: The Cabinet has endorsed a bill that aims to encourage increased forest cover and promote conservation of natural forests in the country, through the promotion […]
Members of the U.S. Grains Council’s Advisory Teams met this past week at the organization’s International Marketing Conference in Panama City, Panama, to set direction and priorities for the council’s global activities. Attendees had a firsthand look at the new Panama Canal expansion. “When USGC last met in Panama, the canal expansion was only a […]
President of Panama Juan Carlos Varela signed into law today the implementation of the Convention on Mutual Administrative Assistance in Tax Matters (MAC), which allows for sharing tax information multilaterally on request with the 107 jurisdictions that are part of the convention and provides a common legal basis for cooperation on tax matters. In […]
A group of 600 former employees of the Multiple Services Cooperative of Puerto Armuelles, RL (Coosemupar) who, at the time of its dissolution, had a status of unpaid leave, retirement, pension, and renouncement, are demanding that the Government of Panama gives them a hectare of land each. The former employees, who are now members of […]
An environmental impact study has been submitted for a project to build a marina and breakwater in Isla Perico, Panama Province. According to CentralAmericaData’s system for identifying Construction Projects, the project involves the construction of a marina and breakwater, to be developed in three phases, in a total area of 6.9 hectares in Perico Island. […]
After having been suspended in 2016, the contest and online auction of specialty coffee from El Salvador will be held this year between April 3 and 7. The Alliance for Coffee Excellence has announced that Salvadoran speciality coffee samples will be evaluated between April 4 and 7. At the moment they are in the process of […]
The Panamanian government filed before the Public Prosecutor’s Office (MP- Prosecutor’s Office) a criminal complaint against the Brazilian construction company Odebrecht, which is investigated for the payment of millionaire bribes in the country. The criminal complaint for crimes “against the economic order and public administration and against any other crime that results from the investigation” […]
The Ministry of Public Works in Panama is putting out to tender the design and construction of the renovation and widening of the Omar Torrijos highway, in the section between Corozal, Red Tank and Via Centenario. According to the request for proposals, some of the objectives are to improve connectivity between the Bridge of the […]
The Tourism Promotion Fund approved by the Assembly will consist of contributions from the government, municipal entities and private companies. From a statement issued by the Tourism Authority of Panama: The full National Assembly today approved on its third reading, Bill No. 454, which creates the International Tourism Promotion Fund. The manager of the Tourism […]
5.8% growth projection continues Panama’s trend of strong, sustainable, and well-diversified economic development under President Juan Carlos Varela. Panama forecasts Latin America’s highest economic growth rate for 2017 Panama’s Ministry of Economy and Finance has announced that it projects the country’s economic growth for 2017 at 5.8%, the highest rate among all Latin American economies, […]