Registration of New Companies Keep Falling


News from Panama

In Panama, during the first four months of 2019, 4,314 corporations were registered in the country, 8% less than those reported in the first quarter of 2018. The latest report of the General Comptroller of the Republic details that between the first quarter of last year and the same period of 2019, the number of […]

June 18, 2019

PPPs to Boost the Economy


News from Panama

For Panama’s business sector, public-private partnerships are contracts that, if properly implemented, could promote the dynamism of the economy and at the same time diminish the fiscal pressure on the State budget. The Chamber of Commerce, Industries and Agriculture of Panama has promoted since the beginning of the current government administration, a draft bill that […]

June 18, 2019

Panama’s Martinelli transferred from jail to house arrest


News from Panama

Former President Ricardo Martinelli was released to house arrest Wednesday from jail, where he had been held since his extradition from the United States on accusations of political espionage during his administration. Clad in jeans and a blue shirt, and holding a small dog, Martinelli waved to reporters and talked with security agents outside the […]

June 18, 2019

Fruits and Vegetables: Business Figures in Panama


News from Panama

It is estimated that Pricesmart S.A., Del Monte S.A. and Nestlé S.A. account for around 18% of the market share in the import of fruit and vegetable preparations. Data from the “Corporate System of Companies” platform, from the Trade Intelligence unit of CentralAmericaData, provides details on the companies according to sector, main activity, volume and […]

June 18, 2019

Panama Canal issues proposal to modify tolls structure


News from Panama

The Panama Canal has published a proposal to modify its current tolls structure for the dry bulk, passenger, containership and vehicle carrier and ro/ro segments, as well as tankers and LPG and LNG vessels. A 30-day formal consultation period for industry feedback will close July 15. The Panama Canal has published a proposal to modify its current […]

June 18, 2019

ENVIRONMENT: 352,000 hectares of Panama forest ravaged


News from Panama

Newsroom Panama put out this article on deforestation here in Panama. Panama lost between 352 000 hectares of forests, between 2000 and 2017almost equivalent to the whole of Los Santos province (380,000 hectares) and more than that of Herrera (234,000 hectares) says Environmental Advocacy Center (CIAM). The loss was created by agriculture, logging and construction projects […]

June 18, 2019