Panama has been upgraded to “partially compliant” with a global tax transparency standard, the Organization for Economic Cooperation and Development said in a report. OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes (the Forum) has given six jurisdictions an overall rating of largely compliant with the OECD’s updated global standard, which […]
Do you enjoy exotic accommodations? Viceroy is planning a new hotel in the Caribbean Sea that will satisfy your desires for comfort and adventure simultaneously! The Viceroy Bocas del Toro Panama will be a bungalow resort that is mostly suspended over the water off the coast of the forested Bocas del Toro Archipelago. The resort […]
Panama’s Attorney General, Kenya Porcell, will speak to the country on Tuesday after the revelation of allegedly incriminating conversations between herself and former president Juan Carlos Varela, leaked after the latter’s cell phone was hacked. The announcement was made by President Laurentino Cortizo, who declared that Porcell will ‘face the consequences’ as she told […]
Which country’s government subsidized 7 international airports and remains the number 1 destination for tourists??? In its latest update of economic growth projections for 2019, ECLAC estimates that the Dominican Republic will close the year with a 5% increase, followed by Panama, which would reach a growth rate of 3.7%. According to economic growth projections […]
Panama will reimburse Norwegian Cruise Line for the cost of Canal transits over three years, up to a total of $18m, in exchange for operating turnarounds in the country. NCL has become the first cruise line to benefit from Panama’s incentive to encourage homeporting. Transits in 2021, 2022 and 2023 Panama Tourism Authority Administrator Iván Eskildsen […]
Panama needs to understand that AirBnB will increase tourism and cooperate fully with the company and do most other places in the world. Because the legislation currently does not allow the collaborative hosting economy platform to operate in the country’s capital, the company expressed an interest in working with the authorities to remove the ban. For […]
Here is a great article posted by International Living. Jody Mahoney first broached the subject of retiring abroad with her husband, Mark, eight years ago. They’re both avid travelers, and she hoped to find somewhere outside the U.S. with less stress, a lower cost of living, and warmer weather. With Mark on board for a […]
The 15 members of the First United Methodist Church’s mission team returned Oct. 20 after a nine-day mission trip to Panama. The 15 members of the First United Methodist Church’s mission team returned Oct. 20 after a nine-day mission trip to Panama. Our destination was the remote village of Rio Luis, located high up in […]
Although Panamanian businessmen recognize that in the first months of the Cortizo administration there have been advances that could improve the performance of the local economy, it is predicted that the reactivation could take longer than expected. The gradual elimination of price control, the creation of the PPP regulatory framework and greater flexibility in preferential […]
Wisy has become the first startup in Panama to enter the select group of “unicorns“, technological companies with billion-dollar valuations. The company founded by Min and Ricardo Chen and Orlando Reyes in 2016 has revolutionized the field of market research through a formula, dubbed “ludification”, which involves users in different campaigns and goals, in an […]