Panamanian businessmen are opposed to extending price controls on 14 products in the basic family food basket for six months. The list of products whose prices are controlled includes slank, ribbon steak, ground beef, whole chicken, rice, onions, yams, national potatoes, perita tomatoes, yucca, powdered milk, sliced bread, processed American yellow cheese and sausages. You […]
Although at the beginning of the Cortizo administration it was announced that the price control system for the basic basket would be gradually removed, now the Panamanian president is threatening to add products that were already excluded again, if their prices rise. On January 7, it was confirmed that the price control on 14 products […]
Drought is seriously affecting today the Panama Canal, making 2019 as the fifth driest in the past 70 years in its river basin; intense work is being done to guarantee its operations. With this in mind, the facility authorities worked modeling extreme conditions of lack of rain, in order to try to carry out […]
The Panama Canal. Flowering trees, palm-studded beaches, free winds for everyone. Hundreds of bird species fly through the Isthmus of Panama each year between North and South America. Now, Cynthia Inglett, 22, has made that Central American country her destination. “I am going to be an environmental educator,” said Cynthia, who will begin her tour […]
During the first 11 months of 2019, 2,421 luxury vehicles were sold in Panama, a figure 8% higher than that reported for the same period in 2018. According to the most recent report from the General Comptroller of the Republic, between January and November 2018 and the same period in 2019, in general the number […]
Panama’s National Assembly of Panama has approved a Bill that will create a register of beneficial owners of legal entities in the country at the centre of the biggest offshore scandal in history. Under the Bill, resident agents will be required to file relevant information on all Panama-incorporated legal entities for which they are acting. All […]
In Latin America, the e-commerce market is expected to increase by approximately 44% over the next two years (2020-2021), demanding larger delivery fleets and more last-mile mobility solutions in the region. One company preparing for this evolution is international courier DHL of German logistics company Deutsche Post DHL which is currently working with Panama, the […]
Deribit, the world’s dominant exchange for trading cryptocurrency options, is relocating to Panama from the Netherlands next month in anticipation of rising regulatory scrutiny. The Netherlands is likely to adopt new European Union regulations that “would mean that we have to demand an extensive amount of information from our current and future customers,” the Amsterdam-based […]
A new hotel in Panama will take travelers to an off-grid destination in the heart of a 7000-acre river valley, complete with hiking trails and natural swimming pools. Selina Kalu Yala is the first eco-location for Selina, a hotel and co-working brand that focuses on sustainability. It is located near the nature preserve, made up of […]
In Panama, a bill was approved that will grant tax exemptions until 2025 to those who make investments in hotels and recreational activities. On December 31st, President Cortizo sanctioned the bill that provides tax incentives to the tourism sector by modifying some of Law 80 of November 8th, 2012. You may be interested in “Central […]