November – Independence Month


News from Panama

Here we go with the holiday season!  Banks are closed and the town is packed with visitors ready to celebrate with parades, poleras and more.  November in Panama has lots of Independence celebrations. On November 3 is celebrated the Independence of Panama from Colombia in 1903, also known as Colon Day, that jump starts Panama’s […]

November 2, 2016

The Stiglitz Factor


News from Panama

Derek Sambrook, Managing Director at Trust Services, S.A. sent me this article that he wrote about the resignation of Joseph Stglitz from the Panama Papaers committee. “ Now we have the unfortunate resignation in August of Messrs. Stiglitz and Pieth from the Panama Papers committee, an embarrassment to the Panamanian government and which has been […]

November 1, 2016

Panama, Colombia step up border security


News from Panama

The presidents of Panama and Colombia have signed agreements to increase security along their porous border, which is used by migrants and drug traffickers. President Juan Carlos Varela of Panama met with Colombia’s Juan Manuel Santos in the jungle-clad southern province of Darien Tuesday. The two presidents said the flow of migrants has tapered off […]

November 1, 2016

ITF Warns of Privatization in Panama Canal Tugboat Fleet


News from Panama

The International Transport Workers’ Federation has raised its concerns over the safety of the Panama Canal’s new locks amid what it says is a growing threat of privatization within waterway operations. The ITF sounded the alarm during a top level meeting union leaders held in Panama last Friday. The global union federation is saying that the Panama […]

November 1, 2016

Globalization Is Here to Stay, Says Panama Canal CEO


News from Panama

Here is a great article that appeared in The Wall Street Journal written by Costas Paris. The Panama Canal Authority’s chief executive is concerned about anti-trade rhetoric taking center stage in the U.S. election campaign, but he believes American consumers will step up their shopping after the result and boost shipping cargo volumes across the […]

November 1, 2016

Panama joins international efforts against tax evasion and avoidance


News from Panama

Panama has signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, making it the 105th jurisdiction to join the world’s leading instrument for boosting transparency and combating cross-border tax evasion. “Panama’s decision to sign the multilateral Convention is a confirmation of its commitment to take the necessary steps to meet international expectations in […]

November 1, 2016

Valle Escondido Penthouse Condo for Sale


News from Panama

Located in the gated community of Valle Escondido, with 24-hour security and fantastic mountain views.  Three-year old, penthouse unit of a 9-plex condominium building sited near the entrance gate, with a lovely balcony view up Valle Escondido. Watch the drone video by clicking the above picture. Within easy walking distance to downtown Boquete, the condo […]

October 31, 2016

Logistics Panama: Change to Survive


News from Panama

With a “roadmap” proposed for the next four years, the sector aims to improve conditions in the country as a logistics hub and compete better with other Latin American ports. With the help of the CAF Development Bank, the sector of Panamanian logistics companies aims to develop a plan to improve the supply of services […]

October 24, 2016

Wind Farm for $60 million


News from Panama

An Environmental Impact Assessment study has been presented for the construction in Chiriqui, Panama, of a 19.8 MW wind power generation plant. The Environmental Impact Assessment (EIA) study was presented by Energía Verde S.A. to the Ministry of Environment in Panama in July. The document emphasizes that the project, called Chimenea I will have a capacity […]

October 24, 2016