Sanctioning anyone who transfers money through systems not authorized by the competent authority with an 8 to 15-year prison term is part of the bill that will be presented to the Assembly. On November 12, the Cabinet Council approved the bill adding article 253-A to the Criminal Code, which will be presented to the National […]
Google today announced that it has finished the install and test of its private Curie cable. When it was announced, Curie, which connects the U.S. to Chile, was the company’s third private cable. Since then, it has announced two more, Dunant and Equiano, which will connect the U.S. to Europe and Portugal to South Africa. […]
This year Panama obtained permission for the first time to export pineapples to the Chinese market. The first shipping containers filled with pineapples set out from Panama last month and made their way to China. The shipping containers arrived in their Chinese destination port this month. Wei Yuyou of Jiaxing Your Home Fruit Co., Ltd. […]
On November 1, 2019, the Free Trade Agreement between the two countries entered into force, which promises to boost exports from the Panamanian agricultural sector. With this agreement, which was signed in May 2018, the country will have immediate access to the Israeli market for agricultural products such as: frozen beef and hamburger, palm oil, […]
Since November 11 this year, the company Air Panama resumed flights between the capital of Costa Rica and the city of David, located in the province of Chiriqui. After Air Panama suspended the operation of the route, directors of the company reported that to resume flights between the two destinations the airline has a Fokker-50 […]
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 […]