By the end of 2016, the bank loan portfolio for housing and commercial construction exceeded $14.7 billion, and more than 19,000 houses and 545 buildings were built in Panama in the last six years. A combination of low interest rates coupled with a growing and stable real estate supply account for much of the growth in real […]
Palau International Ship Registry (PISR) has expanded its global reach into 29 countries with a total of 42 Deputy Registrar offices around the globe. The maritime hub of Panama is one of the PISR offices to deliver state of the art registration services and has now appointed Mrs. Melyssa Alejandra Barrios, Deputy Registrar for […]
This is a testament to the strength of the financial markets here in Panama. Banistmo, the financial institution held by the Grupo Bancolombia in Panama, placed US$ 400 million in bonds maturing in five years with a 3.65% annual coupon. Demand was equivalent to 4.5 times the amount sold, reaching US$ 1.8 billion. The proceeds […]
American Vanguard Corporation has announced the acquisition of Grupo Agricenter, dedicated to the production and commercialization of crop protection products in Central America. American Vanguard Corporation (NYSE:AVD) announced today that its wholly owned subsidiary AMVAC Netherlands BV, will acquire Grupo Agricenter to reinforce its commercial, technical and development structure in the Latin-American region. AMVAC has […]
Within the conditions to operate under the Multinational Enterprise Headquarters regime in Panama, the requirement for a worldwide number of employees has been changed to instead include a requirement to have a presence in more than 40 countries. From a statement issued by the Ministry of Trade and Industry: The Ministry of Commerce and Industries […]
Jessica Ramesch writes for International Living about her love of the big City. About a month ago, I packed up my things and left Panama City for a rented house in the countryside…and it was glorious. I wrote to friends about the peace and serenity of “my little Quietville.” And when my one-month lease expired, […]
Cuban expers in coconut production are providing technical assistance to Panama to fight plagues and diseases and managing crops, according to a press release published by the Cuba Office of the United Nations Food and Agriculture Organization (FAO). This mission wants to strenghten the capacities of the Agricultural Development Ministry (MIDA) and the Agricultural […]
Gabrielle Reynolds writes for International Living and this time about Boquete. “It’s important to feel good in your house…to have the feel of sanctuary,” say Mike Devries and his wife Bernie Verhoeven. Four years ago, the couple moved to a gated community in Boquete, Panama from St. Maarten…and have found many reasons to love […]
This week, Panama’s President Juan Carlos Varela (L) and Chinese Foreign Minister Wang Yi inaugurated the Chinese embassy in Panama City, Panama. The national flag of the People’s Republic of China was hoisted for the first time on Sunday at the inauguration ceremony of the Chinese embassy in Panama, a milestone in the two countries’ […]
This could be a huge opportunity for Panama as the Belt and Road Initiative which ties Asia and Europe together has been extended by maritime components. Panama is a natural hub for the extension to Latin America. Here is an article in China’s Global Times. Panama could be a strategic bridge to extend China’s […]