Do you speak English?


News from Panama

In the last year, Costa Rica significantly improved its level of English language proficiency, while the rest of Central America made no significant progress. The global English language company Education First published its 2018 report, which defines five levels of language proficiency in 88 countries around the world by calculating an index called “English Proficiency […]

November 6, 2018

And Back in Miami


News from Panama

I watch this video with amazement not only with the continued growth and an additional $ 10 billion in new projects coming on line but with the knowledge that watching my giant Mango tree outside my window is much more peaceful!  It is a good illustration of how much concrete man can cram into an […]

November 6, 2018

Progress on $300 million Project


News from Panama

In Panama, the transfer of the National Oncology Institute to the Ciudad de la Salud project facilities was approved, and the construction will require a $300 million investment. From the press release of the Presidency of Panama: The Cabinet Council approved the transfer of the National Oncology Institute (ION) to the Ciudad de la Salud […]

November 6, 2018

Proposals to Extend Metro Line 2 Qualified


News from Panama

The Consortium Line 2 Branch, made up of the companies Norberto Odebrecht and FCC, obtained the highest score in the tender to design and build the branch that will connect the future Instituto Técnico Superior del Este with Tocumen International Airport. Results Chart Evaluation of Proposals – Best Value Tender with Separate Evaluation No. 2018-2-80-0-08-LS-001716 […]

November 6, 2018

Progress in Tax Evasion Law


News from Panama

The law project approved in the first debate in Panama establishes penalties of two to four years in prison for evasion of $300,000 or more and could be used as a precedent for money laundering. The Commission of Government, Justice and Constitutional Affairs of the National Assembly, approved in the first debate the law project […]

November 6, 2018

How Easy is to do Business in Central America?


News from Panama

Costa Rica and Panama are the economies of the region where businessmen find it easier to develop business, followed by El Salvador and Guatemala, and in the last two places, Honduras and Nicaragua. The World Bank announced the results of the Doing Business 2019 report, which measures the regulations that favor or restrict the development […]

November 6, 2018

Tax Exemption on Imports in Colon


News from Panama

In Panama, was approved a new law that extends the scope of the Special Free Port System for the province of Colon, through the exclusion of tax payments for the import of goods, both for domestic and non-domestic. From the statement of the National Assembly: In the third debate, the National Assembly approved the optimization […]

November 6, 2018

Panama’s president visited Havana International Trade Fair


News from Panama

Panama’s president Juan Carlos Varela opened on Tuesday his country’s stand at the 36th Havana International Trade Fair (FIHAV 2018) as part of the official visit program to Cuba. Varela, accompanied by Cuban Foreign Trade and Foreign Investment Minister Rodrigo Malmierca noted the attendance of Panamanian companies at the largest stock exchange on the island […]

November 6, 2018

Record Tonnage Moved Through Panama Canal in FY2018


News from Panama

The 9.5 percent increase from PY2017 was driven by the transit of liquefied petroleum gas and natural liquefied gas carriers, containerships, chemical tankers, and vehicle carriers. Tonnage moved through the Panama Canal during its 2018 fiscal year set a new record, with 442.1 million Panama Canal tons — a 9.5 percent increase from the previous […]

November 6, 2018