The company has proposed to the government that a tax collection scheme be implemented for property owners that rent out rooms to tourists using its web platform. Airbnb’s idea is to establish a system similar to the one recently implemented in Puerto Rico, where the company signed an agreement with the government to collect taxes on […]
Airbnb has been very successful in many parts of the world, but one of its fastest-growing markets has been Mexico City, where activity nearly tripled in 2016. In early 2017, Airbnb opened its offices in Mexico City and to avoid the controversies that have occurred in other parts of the world, it made an agreement with the […]
The world’s leading registry, Panama, will mark its centennial on Dec. 15. In the months ahead, the Panama Maritime Authority plans various activities and awareness campaigns under the slogan ‘Panama’s 100 years of registering ships—joining ports, seas and people.’ The centennial deserves special recognition, according to Panama Maritime Authority administrator Jorge Barakat Pitty. Campaigns will […]
In 2016 the countries in the region exported $2,393 million worth of bananas, and 78% of them went to the United States, the Netherlands and Italy. Figures from the Information System on the fresh and dried banana market in Central America compiled by the Business Intelligence Unit at CentralAmericaData: [Figure caption = “Click to interact […]
Between January and May of this year there were 24,553 new vehicles, 10% less than in the same period in 2016, reinforcing the downward trend seen since the beginning of the year. Figures compiled by the Office of the Comptroller General of the Republic indicate that 5,667 new vehicles were registered in May: 2,095 were automobiles (-17% […]
In Costa Rica, twelve farms are now using experimental technology to reduce the cost of weed control from approximately $250 per hectare to $50. Through the use of small tractors or modified motorcycles which have arms attached to them to perform fumigation, atomization, weed control and fertilization tasks at an early stage, Costa Rica is managing to […]
Paternity leave is on the rise globally as cultural attitudes shift in favor of fathers taking a more active role in parenting. On May 24, 2017, the Republic of Panama became the latest member of a growing group of countries that require paid paternity leave. Law 27 of May 23, 2017, grants three business […]
A year after a new and expanded Panama Canal opened to the world’s shipping industry, for the world’s largest oil tankers the famed 48-mile route still remains too small. According to a report by the research firm Morningstar, “the impact of the expansion on energy shipments so far has varied by commodity.” “Flows of […]
The United States will destroy eight World War II-era chemical bombs it left in Panama decades ago, the government said Friday. The project is supported by the Organization for the Prohibition of Chemical Weapons. The Americans will destroy the eight bombs in late 2017 under an agreement with Panama, the foreign ministry said. This […]
The largest fire in recent years in Panama, occurred in the northern Free Zone of Colon (ZLC), was brought under control with no fatalities reported, although various warehouses were destroyed. General director of the fire department Jaime Villar, who led the works at the site, told the media that the fire started in the […]