Costa Rica: NO to the Removal of Bank Secrecy


News from Panama

Facing the proposal of the authorities to abolish the banking secrecy in the country, businessmen of the industrial sector are opposed, because they argue that there are already legal procedures in the country to do it through a judge. At a press conference on February 11, Finance Minister Rodrigo Chaves defended the proposal to access […]

February 26, 2020

NCL outlines new Canal cruises from Panama homeports


News from Panama

Norwegian Cruise Line will introduce Panama Canal cruises in January 2021 that begin or end from either side of the Canal, in Colón or Panama City. As earlier reported here, NCL became the first line approved to benefit from Panama’s incentive to encourage homeporting by reimbursing the cost of Canal dues. The country is building […]

February 26, 2020

18.5 acres of Farmland for $145,000 !!


News from Panama

This is a 7.5 hectare or 18.5 acre finca located just off the road from Dolega to Portrerillos.  See drone video #1  It is about 20 minutes from Boquete and easily reach by paved highway and a short gravel access road.  See drone video #2 Turn back to Portrerillos at gas station and go 2.5 […]

February 17, 2020

Panama Canal implements water tax on ships


News from Panama

Newsroom Panama posted this article. Ships passing through The Panama Canal began paying a water tax  of up ro $10,000  on  Saturday February 15 . For the use of fresh water they will pay  , to enable the  Canal authority (ACP) face the shortage derived from the climate crisis and  to finance future plans to […]

February 17, 2020

AM Best Affirms Credit Ratings of MAPFRE Panamá S.A.


News from Panama

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of MAPFRE Panamá S.A. (MAPFRE Panamá) (Panama City, Panama). The outlook of these Credit Ratings (ratings) remains stable. The ratings reflect MAPFRE Panamá’s balance sheet strength, which AM Best categorizes as strongest, as well as its […]

February 17, 2020