New Flight between Panama and Mendoza


News from Panama

It has been announced that as of November 15, the Panamanian airline will start operating four frequencies per week to the city of Mendoza, in Argentina. In a statement issued by the company, it was stressed that this will be the fourth destination that the airline will operate in Argentina.  It currently offers flights to Buenos Aires, Cordoba and Rosario. […]

July 3, 2017

Panama Gets Off List of Tax Havens


News from Panama

Citing the country’s progress in international cooperation in the fiscal area, the OECD has announced that it will not include Panama in the list of non-cooperating countries. The decision was based on the progress made by Panama in the adaptation of its legislative framework, the expansion of partners for the exchange of tax information and the work […]

July 3, 2017

Brazil President Charged With Corruption


News from Panama

Criminal charges against Brazilian President Michel Temer are the latest blow to a reform agenda designed to jump start Latin America’s largest economy, as the nation’s capital prepares for another drawn out political showdown. Chief public prosecutor Rodrigo Janot on Monday night pressed corruption charges against Temer in an unprecedented development that may put the […]

July 3, 2017

$45 million Logistics Park


News from Panama

In a 13-hectare site in the province of Colón, Panama, a logisticspark consisting of 5 buildings measuring 5,000 square meters each will be built. According to the interactive platform “Construction in Central America” complied by the business Intelligence Unit at CentralAmericaData, Colon Container Terminal, S.A. submitted an Environmental Impact Study (EIA) to build a logistic park in Coco Solo, Corregimiento […]

June 28, 2017

Panama’s Social Security Fund seeks to invest in solar


News from Panama

  Income from solar power generation would be used to provide additional funds for two social security programs endangered by the Fund’s precarious financial situation.   “My proposal of self disposal for the Caja de Seguro Social (CSS) in my presentation was: solar panels to finance the risk of the IVM and EM programs.” This […]

June 28, 2017

Fatburger, Buffalo’s Express arrives in Panama


News from Panama

  Hollywood burger chain Fatburger and sister brand Buffalo’s Express are now available to Panamanian consumers as the brand has launched its first location in Latin America. “Opening in Panama is a tremendous opportunity for our brand as we have the ability to serve our great products and become a part of the surrounding communities,” […]

June 28, 2017

Expanded Panama Canal Operational for a Year


News from Panama

Monday June 26 was the first anniversary of the inauguration of the Expanded Panama Canal. In its first year of operation, over 1,500 Neopanamax vessels have transited the new locks. Container ships represent approximately 46.8 percent of traffic through the Expanded Canal, and the Panama Canal Authority has welcomed 15 new liner services. On May […]

June 28, 2017