Rendering of the 380 MW natural gas plant being built by AES in Colon, Panama, which is currently 30% complete and the start of operations remains scheduled for 2018. The plant, whose construction started in May last year, will have three generators, three gas turbines and one steam turbine, reaching a total installed capacity of […]
Location on Calle Narciso Garay in one of Panama’s most exclusive neighborhood of Altos del Golf (Golf Heights). This is a quiet street with little local traffic. The home has been completely remodeled. Home size 600 m2 or approximately 6,500 sf Fully air conditioned with central air in living and dining area and 6 split systems […]
The luxury US cruise liner Star Pride, a Windstar Cruises vessel, for the first time this year visited Panama’s Cebaco Island off the country’s Pacific coast with about 150 tourists on board, a spokesperson with the Panama Tourism Authority (ATP) reported Thursday. The Star Pride, which set sail from Puerto Golfito in Costa Rica, […]
Mark Skousen at Investment U, the Educational Arm of the Oxford Club shares his views on investing in Panama vs. Cuba. “Unlike Cuba, Panama has passed the ball, not dropped it.” – Bob Adams, an American businessman in PanamaWhile your man Alex Green was in Cuba last week, I was in Panama speaking at an […]
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 […]