The National Assembly has passed a law which creates the National Securities Commission and regulates securities and OTC negotiations. From a statement issued by the National Assembly of Panama: The full National Assembly approved on its third reading Bill No. 360 amending the only text of Decree Law 1 of 1999, which created the National […]
The Littoral Combat Ship USS Montgomery (LCS-8) suffered damage during a transit through the Panama Canal on its way to its new homeport in San Diego, Calif., USNI News has learned. Montgomery, was crossing from the Atlantic to the Pacific when the LCS collided with one of the walls of the lock and suffered damage […]
Here we go with the holiday season! Banks are closed and the town is packed with visitors ready to celebrate with parades, poleras and more. November in Panama has lots of Independence celebrations. On November 3 is celebrated the Independence of Panama from Colombia in 1903, also known as Colon Day, that jump starts Panama’s […]
Derek Sambrook, Managing Director at Trust Services, S.A. sent me this article that he wrote about the resignation of Joseph Stglitz from the Panama Papaers committee. “ Now we have the unfortunate resignation in August of Messrs. Stiglitz and Pieth from the Panama Papers committee, an embarrassment to the Panamanian government and which has been […]
The presidents of Panama and Colombia have signed agreements to increase security along their porous border, which is used by migrants and drug traffickers. President Juan Carlos Varela of Panama met with Colombia’s Juan Manuel Santos in the jungle-clad southern province of Darien Tuesday. The two presidents said the flow of migrants has tapered off […]
The International Transport Workers’ Federation has raised its concerns over the safety of the Panama Canal’s new locks amid what it says is a growing threat of privatization within waterway operations. The ITF sounded the alarm during a top level meeting union leaders held in Panama last Friday. The global union federation is saying that the Panama […]
Here is a great article that appeared in The Wall Street Journal written by Costas Paris. The Panama Canal Authority’s chief executive is concerned about anti-trade rhetoric taking center stage in the U.S. election campaign, but he believes American consumers will step up their shopping after the result and boost shipping cargo volumes across the […]
Panama has signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, making it the 105th jurisdiction to join the world’s leading instrument for boosting transparency and combating cross-border tax evasion. “Panama’s decision to sign the multilateral Convention is a confirmation of its commitment to take the necessary steps to meet international expectations in […]
Here is a nice article by Kathleen Peddicord Publisher, Live and Invest Overseas on starting a business in Panama. Panama’s Trump Card In 2008, I took my leave from the publishing company where I’d been working for 23 years. I was 45-years-old and living in Paris. I spent the next three months exploring that city […]
Located in the gated community of Valle Escondido, with 24-hour security and fantastic mountain views. Three-year old, penthouse unit of a 9-plex condominium building sited near the entrance gate, with a lovely balcony view up Valle Escondido. Watch the drone video by clicking the above picture. Within easy walking distance to downtown Boquete, the condo […]