The law project approved in the first debate in Panama establishes penalties of two to four years in prison for evasion of $300,000 or more and could be used as a precedent for money laundering. The Commission of Government, Justice and Constitutional Affairs of the National Assembly, approved in the first debate the law project […]
Costa Rica and Panama are the economies of the region where businessmen find it easier to develop business, followed by El Salvador and Guatemala, and in the last two places, Honduras and Nicaragua. The World Bank announced the results of the Doing Business 2019 report, which measures the regulations that favor or restrict the development […]
In Panama, was approved a new law that extends the scope of the Special Free Port System for the province of Colon, through the exclusion of tax payments for the import of goods, both for domestic and non-domestic. From the statement of the National Assembly: In the third debate, the National Assembly approved the optimization […]
Panama’s president Juan Carlos Varela opened on Tuesday his country’s stand at the 36th Havana International Trade Fair (FIHAV 2018) as part of the official visit program to Cuba. Varela, accompanied by Cuban Foreign Trade and Foreign Investment Minister Rodrigo Malmierca noted the attendance of Panamanian companies at the largest stock exchange on the island […]
The 9.5 percent increase from PY2017 was driven by the transit of liquefied petroleum gas and natural liquefied gas carriers, containerships, chemical tankers, and vehicle carriers. Tonnage moved through the Panama Canal during its 2018 fiscal year set a new record, with 442.1 million Panama Canal tons — a 9.5 percent increase from the previous […]
The Panamanian company Dolce Pineapple shipped 6,400 boxes of pineapples of the MD-2 variety, which only grows in Panama, to Turkey on Tuesday, stated the Ministry of Agricultural Development of Panama (Mida). The shipment was made under the Panama Exporta brand, a program promoted by the Panamanian Government through the Ministry of Agricultural Development and […]
Credit rating agency Fitch Ratings has affirmed Panama Canal Authority’s (ACP) “A” investment grade rating with a stable outlook for its long-term issuer default rating and its senior unsecured notes, ACP said in late August. Fitch said Panama Canal’s “stable” volume performance, solid competitive position, and well-diversified cargo mix help it achieve “high levels of […]
Former Panamanian President Ricardo Martinelli, who has been held in detention on illegal wiretapping charges, was transferred on Monday to a public hospital in Panama City, where he was in stable condition, authorities said. Carlos Carrillo, one of Martinelli’s lawyers, said he was being held in the hospital’s coronary unit, but declined to give further […]
Going on right now, the China International Import Expo (CIIE), in Shanghai, serves to make it easier for exporters to do business with the Asian giant, a top Panamanian official said. “What’s important about this import fair is that it helps our exporters become familiar with how the procedures work,” Augusto Arosemena, minister of Panamanian Trade […]
This last week was a short work week with everything closed from last Friday to Tuesday of this week. The weather was perfect and the parades were as beautiful as always with unending miles of smiles on the faces of the participants and the crowd. We had performances by dancers and marching bands that seem […]