The United States will destroy eight World War II-era chemical bombs it left in Panama decades ago, the government said Friday. The project is supported by the Organization for the Prohibition of Chemical Weapons. The Americans will destroy the eight bombs in late 2017 under an agreement with Panama, the foreign ministry said. This […]
The largest fire in recent years in Panama, occurred in the northern Free Zone of Colon (ZLC), was brought under control with no fatalities reported, although various warehouses were destroyed. General director of the fire department Jaime Villar, who led the works at the site, told the media that the fire started in the […]
The Metro de Panamá has awarded a contract to High Traffic Media for the development, commercialization and administration of an inventory of physical spaces on Line 1, for 10 years. From a statement issued by Metro de Panama: The Panamanian outdoor advertising company High Traffic Media was eventually selected by the Panama Metro following the Best Value tenderprocess for the […]
In Panama a bill has been put to public consultation that establishes a legal framework for developing the activity of importing natural gas, its storage, local distribution and re-export. The bill declares the promotion and development of the provision of a public natural gas service in the country to be of public and national interest. The import, export and re-export […]
The opening of a 120-room Hampton Inn by Hilton hotel in the city of David has been announced for the first quarter of 2019. This is a sign of the explosive growth happening in David including the new stadium and huge new shopping mall. “… Hampton Inn by Hilton David will be located four kilometers from […]
Trump Ocean Club, located in the Punta Pacifica area of Panama City, has been sold for $23.7 million to a new owner, whose name has not been disclosed. The Notice of a Relevant Fact issued by the Panamanian National Stock Exchange (Panabolsa) indicates that Newland International Properties Corp, the developer of the hotel complex, signed a sale contract […]
Hans Esser at ExpatBriefing.com examines the cost of education abroad. Here in Boquete we have an international academy AIB that is very inexpensive compared to most places in the world and hosts over 25 different nationalities. The cost to parents of educating their children varies widely from country to country, costing anywhere from USD7,891 for state-funded education […]
Expat Briefing explores ways that US Expats might be able to mitigate their taxes. In June 2017, Americans for Tax Reform joined US expat groups in calling for Congress to consider residence-based taxation for Americans living abroad. This feature looks at the proposals, and examines why they are considered so important for US expats. Tax […]
Ricardo Hausmann makes a point for immigration and how all the great nations benefited from imported talent. Panama is getting there and should pay close attention to this if we are to continue to grow. Latin America is in the economic doldrums. After almost a decade of progress, GDP has been negative for the […]
In 2016 the main regional crop sold abroad was coffee, with $2.934 billion in exported value, equivalent to 887 thousand tons. Figures from the interactive platform “Central American Cultivation Monitoring” compiled by CentralAmericaData‘s Business Intelligence Unit: The main destinations of coffee exports are the USA, Germany, Belgium, Italy and France, which together account for 70% of the volume exported by the […]