Panama: Energy-Saving Standards for Construction


News from Panama

Panama needs this as much as any modern country that is growing rapidly and finds themselves short on energy. The construction sector is concerned about an initiative announced by the government to amend the building code and incorporate standards to save energy in new buildings. The head of the National Secretariat of Energy, Victor Urrutia, […]

September 14, 2016

Panama: Mandatory Accounting for Offshore Companies


News from Panama

The Cabinet Council has approved sending a bill that creates the obligation to maintain accounting records for legal entities that do not have operations in Panama. The bill submitted days ago by the Executive establishes penalties ranging from suspension of corporate rights to the dissolution of the company in cases where there is failure to […]

September 14, 2016

Fitch Affirms Autoridad del Canal de Panama’s Ratings at ‘A’; Outlook Stable


News from Panama

More good news about Panama!! Fitch Ratings has affirmed the following ratings for Autoridad del Canal de Panama (ACP): –Long-Term Issuer Default Rating (IDR) at ‘A’; –USD450 million senior unsecured notes at ‘A’. The Rating Outlook is Stable. The ratings reflect ACP’s solid revenue profile and low leverage levels. The Panama Canal offers unique connectivity […]

September 14, 2016

Fly With Me Up in the Mountains


News from Panama

So, I broke down and bought a drone, a Phantom 4 to be precise.  After a couple of flights around the soccer field here in Boquete, I was ready for the mountains.  This is a work in progress as it combines flying and photography at the same time.  Give me a few months and I […]

September 7, 2016