Ricardo Hausmann makes a point for immigration and how all the great nations benefited from imported talent. Panama is getting there and should pay close attention to this if we are to continue to grow. Latin America is in the economic doldrums. After almost a decade of progress, GDP has been negative for the […]
In 2016 the main regional crop sold abroad was coffee, with $2.934 billion in exported value, equivalent to 887 thousand tons. Figures from the interactive platform “Central American Cultivation Monitoring” compiled by CentralAmericaData‘s Business Intelligence Unit: The main destinations of coffee exports are the USA, Germany, Belgium, Italy and France, which together account for 70% of the volume exported by the […]
Marine diesel oil (MDO) volumes were up on April, however a drop in heavy fuel oil (HFO) demand saw overall bunker sales tail off for the month. According to statistics from the Panama Maritime Authority (PMA), 365,530.76 barrels (48,999 metric tonnes (mt)) of MDO were sold in Panama in May compared to 310,040.11 (41,560 […]
A logo depicting symbols for Mary, Panama and the Panama Canal was selected as the winning design to promote World Youth Day 2019. The design by Amber Calvo, 20, a Panamanian student studying architecture, was chosen from 103 entries submitted for the event that will take place Jan. 22-27, 2019. (Credit: CNS photo/courtesy World Youth […]
Chirs Bunting at The New York Post writes this wild article about Panama As far as drug-trafficking despots go, Gen. Manuel Noriega — who just died a little over a month ago — had tremendous taste in venue: The “bridge of the world, heart of the universe,” Panama. A tram ride in Gamboa. The Westin Playa […]
This in from Reuters. Germany’s Federal Crime Office(BKA) said on Tuesday it had obtained a copy of the leaked data known as the Panama Papers that last year revealed how offshore firms are used to stash the wealth of the world’s rich and powerful. Some 11.5 million documents from the Panamanian law firm Mossack Fonseca […]
In the first five months of the year, the value of new constructions, additions and repairs amounted to $967 million, 24% more than in the same period in 2016. Figures compiled by the Office of the Comptroller General show that the value of new constructions, additions and repairs between January and May reached $967 million, led […]
By Jessica Shankleman (Bloomberg) — Fresh from a $5.25 billion, nine-year expansion that’s upending decades-old trade routes, it turns out the Panama Canal is also doing a little good for the planet. By offering a short-cut to deliver billions of dollars of Asian-made goods to America’s East Coast ports, the waterway has helped its shipping company customers […]
Mario J. Penton reports in the Associated Press about Panama’s latest move towards moving the Cuban refugees out of the country. Panama’s deputy minister of public security Friday made a final offer to Cuban migrants staying at a temporary shelter in that nation: $1,650, a plane ticket to Havana and a multiple-entry visa that […]
The obligation to retain part of the tax on the transfer of movable property and provision of services now extends to companies whose annual purchases exceed $5 million. Since February last year, 163 companies have had to withhold a percentage of ITBMS from their suppliers for purchases of goods and services, and then send it to the tax […]