President Donald Trump discussed what the White House calls “shared priorities” in phone calls to the leaders of Panama and the twin-island nation of Trinidad and Tobago. In statements late Sunday, the White House says Trump spoke to President Juan Carlos Varela of Panama and Prime Minister Keith Rowley of Trinidad and Tobago. Trump […]
Wow, this would make an incredible fishing boat where we could be on the fish in 15 minutes!! The Panamanian National Naval Air Service (SENAN) has commissioned four new Damen Interceptor 1102 fast craft that were delivered by Panama’s president Juan Carlos Varela on 6 February. Varela noted that the craft will help Panama strengthen […]
Seth McNew writes for The Motely Fool about retiring in Panama. Retiring abroad might be much easier than you think. Here’s how Panama welcomes retirees with open arms, and what you need to know before you make the jump. Retirement can be costly. With the average life expectancy rising, and the costs of healthcare, insurance, […]
While the exit of Odebrecth has caused pain here in Panama, life will go on and things will get done, albeit later than anticipated. Reports state that the swiss UBS and Mexico’s Inbursa are the banks that could lead the new financing structure for finishing construction of Line 2, which is currently 33% complete. Following […]
This is another side of the blistering growth we have had for the past 10 years and it is now slowing. That said, many nations would be jealous and thankful for any growth at all. Over the past year 66,700 new vehicles were registered, only 3% more than in 2015, while between 2014 and 2015, […]
John Hampton captures some great tunes in this video from the Boquete Jazz and Blues Festival Garden Party held at the Panamonte Hotel. It is worth watching the whole set.
The value of construction, additions and repairs recorded last year fell by 3.2% compared to 2015, mainly due to a 9% drop in the value of non-residential construction. The main reduction in value was recorded in San Miguelito, with a variation of -29%, followed by Panama, where the value fell by 8%. In the province of Arraiján […]
Panama wants to impose $210 million of annual trade sanctions on Colombia, according to a filing published by the World Trade Organization on Monday, after winning a legal challenge against a so-called “money laundering” tariff. Panama won a judgment at the WTO last year after complaining about Colombian tariffs on textiles, clothes and shoes. Colombia […]
Prosecutors in Panama are seeking international help in detaining two sons of former President Ricardo Martinelli in relation to an alleged scheme to launder bribes from Brazilian construction giant Odebrecht. The Associated Press obtained on Monday a copy of a request filed by anti-corruption prosecutor Tania Sterling asking for an Interpol red alert against Ricardo […]
AirBnb has been very successful in Panama as it is in all parts of the world. Costa Rica just made the service more expensive. Any taxes collected will come out of the customers pockets. A bill being prepared by the hotel union would force platforms such as Airbnb to pay 13% sales tax and an […]