In 2016 subscriptions to insurance policies grew by only 0.5% compared to the previous year, which is below the growth rate of 3.4% recorded between 2014 and 2015. The speed at which premiums are growing in the Panamanian insurance market has been declining since 2013. Between 2012 and 2013, registered growth was 9.3%, followed by […]
Jorge Quijano spoke Friday at the Center of Innovation, Commercialization and Entrepreneurship at Lamar University-Beaumont. The theme of his presentation was the “Development and Operation of the Newly Expanded Panama Canal and Vision for its Future.” Jorge Quijano, administrator of the Panama Canal Authority, said more than 100 years ago the Panama Canal connected two […]
Starting from March 15, new tariffs are in effect for imports of coffee, wooden boards, paper towels, aluminum and certain wires and cables from countries with whom no trade agreements are in force. The measure comes into effect on March 15, 2017, and is added to the Executive Decree which temporarily increases the duty on […]
A bill put forward by the executive branch proposes tax breaks and direct non-refundable financing for implementing restoration or reforestation plans. From a statement issued by the Presidency of Panama: The Cabinet has endorsed a bill that aims to encourage increased forest cover and promote conservation of natural forests in the country, through the promotion […]
Members of the U.S. Grains Council’s Advisory Teams met this past week at the organization’s International Marketing Conference in Panama City, Panama, to set direction and priorities for the council’s global activities. Attendees had a firsthand look at the new Panama Canal expansion. “When USGC last met in Panama, the canal expansion was only a […]
President of Panama Juan Carlos Varela signed into law today the implementation of the Convention on Mutual Administrative Assistance in Tax Matters (MAC), which allows for sharing tax information multilaterally on request with the 107 jurisdictions that are part of the convention and provides a common legal basis for cooperation on tax matters. In […]
A group of 600 former employees of the Multiple Services Cooperative of Puerto Armuelles, RL (Coosemupar) who, at the time of its dissolution, had a status of unpaid leave, retirement, pension, and renouncement, are demanding that the Government of Panama gives them a hectare of land each. The former employees, who are now members of […]
An environmental impact study has been submitted for a project to build a marina and breakwater in Isla Perico, Panama Province. According to CentralAmericaData’s system for identifying Construction Projects, the project involves the construction of a marina and breakwater, to be developed in three phases, in a total area of 6.9 hectares in Perico Island. […]
After having been suspended in 2016, the contest and online auction of specialty coffee from El Salvador will be held this year between April 3 and 7. The Alliance for Coffee Excellence has announced that Salvadoran speciality coffee samples will be evaluated between April 4 and 7. At the moment they are in the process of […]
The Panamanian government filed before the Public Prosecutor’s Office (MP- Prosecutor’s Office) a criminal complaint against the Brazilian construction company Odebrecht, which is investigated for the payment of millionaire bribes in the country. The criminal complaint for crimes “against the economic order and public administration and against any other crime that results from the investigation” […]