Panamanian President Laurentino Cortizo, sanctioned the law that creates the Special Regime for the Establishment and Operation of Multinational Companies for the Provision of Services related to Manufacturing. After the deputies of the Panamanian Assembly approved in the third debate last month the bill that aims to promote investments in this context of economic crisis that derives from the outbreak […]
This is dumb move by Costa Rica and will certainly kill foreign relocation there. Currently in Costa Rica a territorial income system is applied, which consists of taxing profits produced exclusively at the local level. If the Income Tax Law is modified, the situation could change. On August 24th, the project called “Law for the inclusion of […]
Group from the Smithsonian Tropical Research Institute invited by the Panama Canal Authority to collect fish during the process of emptying and cleaning the Miraflores locks. After the locks were emptied, the team descends a scaffolding stairwell to the base of the chamber. They used nets to capture fish. Stay Safe!!
In the new business scenario consumers have increased the demand for household disinfection products, fruits, vegetables, vitamins and medicines, consumption patterns that could be maintained in the medium and long term. When the first cases of covid-19 were reported in Central America in March, the first reaction of people was to make compulsive purchases. Some of the products that […]
The Cabinet Council of Panama gave its approval late last week for the Updated National-Provincial Reopening Plan, paving the way to resume a number of industries, including horse racing and lotteries. Casinos are still waiting to reactivate their operations. The new regulations set out that the Hipódromo Presidente Remón, in Panama City, will be allowed to resume its schedule […]
After five months of having paralyzed the construction in the country because of the pandemic caused by the covid-19 outbreak, the authorities are reactivating the activities of the sector. In mid-August, the Ministry of Health gave the go-ahead to reactivate 27 road infrastructure projects nationwide. The remaining public and private projects will be able to restart […]
Enel Green Power SpA announced on Thursday it has secured a contract to supply a total of 31 million kWh of clean energy in Panama over five years. Enel Green Power Panama (EGPP) has signed a power purchase agreement (PPA) with state lender National Bank of Panama (Banconal). Under its terms, the Panamanian subsidiary of Italy’s Enel […]
Did the Comptroller General of the Republic do its job of overseeing the modular hospital? This institution has among its official’s specialists, auditors, engineers, forensics … a complete team of professionals who can inspect the works paid by Panamanians who pay taxes. Professionals in the field and investigations of this medium found irregularities about that […]
On October 12, according to the schedule of the Ministry of Health, the green light will be given to motels and lodging houses, including dating houses and push-buttons which are already planning for reopening on October 12 reports TVN, and they are already, planning to introduce bio-security cleaning standards. The laundry area is one of […]
This is happening more and more and will continues as people tire of being stuck at home. Glad we live in Boquete where our quarantine was mostly opened up in July. Police accompanied by a Justice of the Peace detained at least 31 people partying on a sailboat on Friday afternoon in Isla Colón (Bocas […]