At the end of last year the banking system’s loan portfolio ended up with a balance of $66,117 million, just 1.4% more than the $65,187 million reported at the end of 2016. The Comptroller General of the Republic reported that the moderate increase is partly explained by a contraction recorded by the external sector’s portfolio, […]
Sabrina Martin reports for PANAMA POST. Both nations realized that Venezuela’s oil industry is almost in total neglect and to get it back on its feet would require millions in additional investments Both countries realized that Venezuela’s oil industry is almost in total neglect and that to get it back on its feet would require […]
Another company joined the Panama Exporta country brand, an initiative that aims at venturing into the Asian market. The Potuga Fruit Company, from the province of Herrera, has been producing and exporting fresh watermelons for nine years. Currently, it exports its products to the UK, the Netherlands, and the US market. However, as part of […]
This video is incredible as are the guys that are surfin Nazare, Portugal. Nazaré Portugal is one of the best places in the world for big-wave surfing and it attracts Australia’s best – Ross Clarke-Jones, Andrew Cotton and Mick Corbett.
I am sure to get some flack from PETA members on this one! Here from Roads and Kingdom is a great article by Brett Forrest. Those who are squeamish should not read further. Upon landing in Ulaanbaatar, I wasn’t surprised to learn that Mongolian barbecue is not Mongolian at all. Genghis Khan didn’t feed his […]
Price of a gallon of regular gasoline: Costa Rica $4.05, Nicaragua $3.77, Honduras $3.58, El Salvador $3.26, Guatemala $3.19 and Panama $2.91. The current reference prices show increases in all products due to the latest report provided by the Energy Information Administration (AIE), the issue of tariffs and international political sanctions by the US government. In the […]
Re-exporters in the Colon Free Zone are seeking to attract companies from Peru, Uruguay, Brazil and Mexico, to compensate for some they of the businesses that have lost due to the taxes imposed by Colombia. Nearly 70 companies in the Colon Free Zone (CFZ) are among the most affected by the tariff measures imposed by […]
As they pour across the border of Colombia, Panama and Costa Rica are taking notice as we are in their path. Kausha Luna reports for the Center for Immigration Studies. As conditions in Venezuela worsen under President Nicolás Maduro, the number of Venezuelans leaving the country continues to increase and create strains on neighboring countries. […]
Reuters staff report on the decision by Panama to put Maduro on it’s “high risk” money laundering list. Venezuelan president Nicolas Maduro along with more than 50 Venezuelan nationals are considered “high risk” for laundering money and financing terrorism, according to an advisory issued by Panama’s economy and finance ministry. Venezuelan Attorney General Tarek William […]
I found this article to be of great interest to me as I watch Panama continue to grow it relationship with China. The following is adapted from a speech delivered by David P. Goldman on February 21, 2018, in Bonita Springs, Florida, at a Hillsdale College National Leadership Seminar. In 2017, he was a Pulliam Distinguished […]