Panama economy heading towards 5.5% growth — IMF


News from Panama

Panama”s economy is is advanced “in its recovery process”. and ”we expect economic growth for 2020 to reach 4.8% and climbing said The International Monetary Fund (IMF) following an on-site evaluation. “We see that there is a clear recovery in the economy. We expect that economic growth for this year will be of the order […]

February 26, 2020

Endorsement to Final Beneficiary Registry


News from Panama

The Assembly of Panama approved in third debate the draft law that creates the private and unique system of registration of final beneficiaries of legal entities. Chapter II of the document, on Registration of Resident Agents, stipulates that any lawyer or law firm providing professional services as a resident agent for one or more legal […]

February 26, 2020

Solar Energy: $50 Million Investment in Panama


News from Panama

AES Panama announced that during 2020 it will invest in the construction of four photovoltaic parks, which will have an installed capacity of 10 MW each. The development of the parks that will be located in the provinces of Herrera, Los Santos and Chiriqui, will be in charge of Elecnor S.A., the company to which […]

February 26, 2020

Panama and Cuba talk about regional situation


News from Panama

The President of Cuba, Miguel Diaz-Canel has affirmed that he treated the regional situation with the Secretary General of the Democratic Revolutionary Party of Panama, Pedro Miguel Gonzalez.   ‘I held a dialogue about the international situation with Pedro Miguel Gonzalez,’ Tweeted Diaz-Canel. According to the web site of the Cuban Presidency, Diaz-Canel and Gonzalez […]

February 26, 2020

Costa Rica: NO to the Removal of Bank Secrecy


News from Panama

Facing the proposal of the authorities to abolish the banking secrecy in the country, businessmen of the industrial sector are opposed, because they argue that there are already legal procedures in the country to do it through a judge. At a press conference on February 11, Finance Minister Rodrigo Chaves defended the proposal to access […]

February 26, 2020