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 […]
A group of about 20 interested companies visited the Panama Cruise Terminal today as the Panama Maritime Authority seeks an operator for the new facility. The terminal is going up at Perico Island off the Amador Causeway. Reported $18.8m deal with 20-year term According to a recent report in La Estrella de Panamá, a government […]
Up to October 2019, sales abroad totaled $611 million, exceeding by 5% the amount reported for the same period in 2018. The most recent figures of the General Comptroller of the Republic, detail that between January and October 2018 and the same period in 2019 exports reported a rise, going from $584 million to $611 […]
Price per gallon of regular gasoline: Costa Rica $4.11, Nicaragua $3.57, Honduras $3.46, Guatemala $3.09, El Salvador $3.07 and Panama, $2.85 From the Ministry of Economy of El Salvador’s statement: The current reference prices show increases in all their presentations, because of the announcement given by the United States and China, about the signing of […]
Panama’s Food Authority (Aupsa) rejected the entry into Panama of about 162,000 purple onions from Spain after a plague of live and high-risk parasites for ornamental plants, which is scientifically known as Rhizoplyhus spp and commonly known as bulb mites, was detected in this shipment. After the Panamanian phytosanitary service confirmed the presence of the […]