In Panama, President Cortizo sanctioned the Law that establishes that from 2024, 100% of the resources retained by the Special Interest Compensation Fund will go to the agricultural sector. After the National Assembly approved in third debate on October 2 the bill No. 4, which amends Law 4 of 1994, regarding the use of money […]
Lawmakers in Panama have taken up an initiative that seeks to legalize marijuana for medicinal purposes. Debate over the issue began two years ago. The previous legislature gave it initial approval but decided to subject it to broader study. Marijuana is the second most commonly consumed narcotic in Panama, after cocaine. Its sale and possession […]
Domestic airline Skyway will offer flights between Costa Rica and Bocas del Toro, Panama, according to a press release from the company. Tickets start at $161 for a one-way journey between Juan Santamaría International Airport near San José and Bocas del Toro International Airport on Isla Colón. Flights begin on Dec. 1, 2019. “A short […]
POSCO E&C announced on Oct. 20 that it has successfully completed the construction of the largest combined cycle power plant and LNG terminal in Panama. An opening ceremony was held at the plant on Oct. 18 (local time) with the attendance of Panamanian President Laurentino Cortizo, U.S. Deputy Secretary of State Michael Kozak and Choo Won-hoon, […]
Revenues of the Panama Canal closed at $ 3.365.9 billion during fiscal year 2019, an increase of 3.9% reports the Panama Canal Authority (ACP) . Toll revenues, mostly driven by the container ship segment were, $2,592.5 billion said a press release published on Thursday, October 24. The According to the preliminary figures of the Canal […]
Dolores Cadavid, José A Brenes and Rehut Maimon at Anzola Robles & Asociados discuss the long term business visa and how it works here. Long-term transfers Categories What are the main work and business permit categories used by companies to transfer skilled staff? The general work permit rule creates a 10 per cent quota system: salary amounts […]
Colombia’s Grupo Aval, owner in Panama of BAC, has reached an agreement to acquire Multibank Financial Group, the holding company of Multibank Panama, which has assets of US$5 billion. Aval said that the transaction, which will be carried out through its subsidiary Banco de Bogotá, represents an important step in its regionalization strategy, Newsroom Panama […]
Newsroom Panama published another great article on current events in Panama. One of China’s largest car manufacturers, GAC Motor, is considering installing an assembly plant in Panama if the free trade agreement (FTA) that both nations are negotiating is successfully concluded. The company opened its first distributorship for Central America in Panama on Friday, October […]
Great article in MENAFN about Panama about COPA working together on tourism promotion. Copa Airlines , the Tourism Promotion Fund (PROMTUR), and the Tourism Authority of Panama (ATP) launch the campaign to promote the new ‘Panama Stopover’ program, which will seek to encourage the more than 6 million passengers that annually travel throughPanama , include […]
This article was just featured in Architecture and Design and Susie and I can tell you from experience, there is nothing like this in Panama. And it is here in our back yard!! Isla Palenque, a small private island resort off of Panama, emphasizes sustainability as the ultimate luxury At most luxury resorts, a mini-civilization […]