NEWS

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• 2010-09-06
  Is Panama experiencing a commericial property bubble?
    The skyline of Panama change at top speed. Under the cranes that are on the horizon, few would dare to diagnose that the world has experienced one of the worst economic crisis in history.Part of this phenomenon c ..
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• 2010-08-26
  BVI is welcomed to the White List
    The Secretary to the United Kingdom Treasury, Mr. Mark Hoban MP congratulated the BVI for its efforts in complying with OECD regulations and welcomed the jurisdiction to the OECD's WHITE LIST. During his ..
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• 2010-08-26
  Panama is about to start negotiations of TDTs with Korea and Singapore
  During the month of August the Republic of Panama shall start negotiations of agreements to avoid double taxation with South Korea and Singapore. Upon completion of the negotiations, Panama would have successful ..
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• 2010-08-24
  Project developer tells us what lured Trump to Panama
    The factors that lured Donald Trump to raise its mega building in Panama. Between January and February of next year will be delivered properties of the magnificent tower Trump Ocean Club, whose construction boos ..
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• 2010-08-18
  Tocumen alista obra por $400 millones
    La construcción de dos nuevas terminales en el aeropuerto de Tocumen irá acompañada de una infraestructura comercial, hotelera y hospitalaria cuya inversión alcanzaría los 400 millones de dólares. La admin ..
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• 2010-08-12
  Moodys projects stable outlook for Panama banking sector
    United States rating agency Moody's announced on Tuesday that their evaluation of Panama's banking sector shows a "stable" credit outlook. In a statement released yesterday regarding the profile of Panama's bank ..
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• 2010-08-11
  IMF now happy with Panama finances
  The International Monetary Fund is apparently happy with the new tax reforms and public pending according to the machine translated article from La Prensa. Achievements like the consolidation of public finances and a st ..
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• 2010-08-11
  Panama banking after 40 years holds $64 billion
    This is a good overview on the history on banking in Panama and provides some interesting statistics such as the fact that over $60 billion is currently held here in over 90 banks. The Bank Act of 1970 allowed t ..
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• 2010-08-11
  Panama gold exports increased from $1.5m to $23.8m. in first half of 2010
  Now that is some very good news. This one mine is really starting to produce and the income to the state is increasing dramatically. Now when the new INMET mine comes on line in five years they will see these numbers r ..
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• 2010-08-11
  Martinelli talks security and trade with U.S. congressmen
    President Ricardo Martinelli, met with U.S. congressmen yesterday, Monday, to discuss issues related to security and trade, confirmed a statement released by the Ministry of Communication. According to this pres ..
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• 2010-08-11
  Five companies submit proposals to manage the Panama Metro
    Five consortia are interested in providing management services and technical assistance for the construction and launch of the much-anticipated subway system - the Panama Metro. These companies presented their r ..
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• 2010-08-09
  Real Estate – Boom and Bust
    Before we look at some news from Panama (and it is all good stuff) I found last week’s international real estate news focusing on China.  While it might not have a direct impact on Panama or the US, it may ..
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• 2010-08-09
  Valor razonable: La banca bajo la óptica del regulador
    Panamá ha desarrollado una vocación como prestador de servicios internacionales y como centro financiero aún tenemos mucho futuro, pero más hacia el mercado latinoamericano. Los panameños a lo largo de nuest ..
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• 2010-08-09
  Boom in hotels expected to create 12,000 jobs
    The Panamanian hotel sector is going through a period of unprecedented growth. Nearly 10,000 rooms are currently under construction and will be finished in the next three years. In the next 12 months, six projec ..
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• 2010-08-09
  Finanzas públicas y centro bancario
    PANAMÁ. El saneamiento de las finanzas públicas y un sistema bancario fuerte fueron las conclusiones a las que llegó el Consejo Ejecutivo del Fondo Monetario Internacional (FMI), en su reunión de julio pasado ..
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• 2010-08-09
  El centro bancario llega sano a los ‘40’
    Si bien es cierto la actividad bancaria en Panamá se remonta a mucho antes de la era republicana (allá por mediados del siglo XIX), no fue hasta 1970, con la entrada en vigencia de la primera Ley Bancaria -el D ..
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• 2010-08-02
  El Canal, en lista de inversión
  El proyecto de ampliación del Canal de Panamá figura dentro de una lista de 100 obras de infraestructura como una de las 10 obras más importantes que se desarrollan a nivel mundial. Entre los 10 principales proyectos ..
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• 2010-07-30
  Incremento del impuesto de transferencia de Bienes Muebles y Servicios
  En estos últimos meses mucho se ha escuchado en Panamá sobre la nueva Ley de Reformas Tributarias. La nueva Ley es la Ley número 8 del 15 de marzo del 2010, "por medio de la cual se reforma el Código Fiscal, ado ..
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• 2010-07-29
  Structures for doing business - Part II
    By: Rodrigo Julio Molina O.       BOARD OF DIRECTORS   **Board composition. The Board of Directors must be comprised of at least three members. There are no nationality or residency req ..
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• 2010-07-29
  Structures for doing business - Part I
      By: Rodrigo Julio Molina O.     CORPORATIONS   Corporation (“Sociedades Anónimas”) are the most widely-used vehicles for conducting Business in Panama.   INCORPORATION PR ..
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• 2010-07-29
  Panama: Investment Grade and ready for business
      By: Rodrigo Julio Molina O.     The Republic of Panama was recently awarded the "investment grade rating on its debt" by the rating agency Standard & Poor's, which adds to that previousl ..
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• 2010-07-29
  Panamá: Grado de Inversión y listo para hacer negocios
    Por: Rodrigo Julio Molina O.     Al obtener Panamá el grado de inversión sobre su deuda por parte de la calificadora Standard & Poor’s, que se suma anteriormente al concedido por Fitch, se co ..
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• 2010-07-29
  New government agency plans to streamline foreign investment
      This certainly comes as welcome news if it is done properly. They have what is called a Ventana Unica or one window at the Panama Pacifico project that has been very efficient according to my contacts at ..
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• 2010-07-29
  Retiring abroad can cut expenses, but don't let wanderlust blur vision
    When Sid and Barb Williams began searching for the perfect place to retire, they never thought they'd wind up living outside the United States. But they kept hearing about the benefits of retiring to Panama. ..
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• 2010-05-26
  Panama receives another bond rating upgrade
  For the second time this year, Panama has received an upgrade from a bond rating agency. Standard & Poor's upped Panama's bond rating from "BBB-" to "BB +" with a stable perspective this week. The agency said t ..
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• 2010-05-26
  Martinelli to meet with businessmen in New York
    INTERNATIONAL RELATIONS President of the Republic, Ricardo Martinelli, traveled to the United States on Tuesday to meet with businessmen and financiers in New York City. Acco ..
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• 2010-05-26
  Geisha Coffee breaks records
      Geisha Coffee 'Esmeralda Special' surpassed his own record and established global brand to the pound quoted at 170.20 dollars. The "Esmeralda Special" Geisha variety re-heat the coffee market yesterday b ..
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• 2010-04-26
  New banking regulations under review
    FINANCE A commission that is working on proposed changes to Panama's financial regulations expects to have a formal proposal ready in the next five months. The commission, composed of members of the Banking Com ..
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• 2010-04-26
  Panamá tendrá la mejor evolución económica en Centroamérica
     WASHINGTON, EUEFE).–l Fondo Monetario Internacional (FMI) auguró hoy, miércoles, que la economía centroamericana crecerá este año en su conjunto un 2.7%, por encima del 1.8% que había pronosticado h ..
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• 2010-03-29
  Boquete bust again in the news
  I have posted about the slow sales in Boquete before ,but an article in the La Prensa this morningprovides a few more details than I knew about. According to the town engineer some 34 projects were approved between 2008 ..
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• 2010-03-29
  A sad day for America is another boon for Panama
  Yesterday's unconstitutional shenanigans that have now given the U.S. government control of another 20% of the economy, compel me to share my feeling on this most dark occasion. I knew that with progressives in charge of ..
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• 2010-05-26
  THE PANAMA PERSPECTIVE Travel and Real Estate
    Estate Planning in Panama Today, hundreds of US, European and Canadian citizens arrive in Panama looking for a mountain retreat or a beach house.  Since most of them are retirees, not infrequently, they req ..
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• 2010-03-26
  Fitch upgrades Panama rating to investment grade
    NEW YORK, March 23 (Reuters) – Fitch Ratings upgraded its credit rating for Panama one notch to BBB-minus on Tuesday, becoming the first rating agency to give it coveted investment grade status, citing a sustai ..
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• 2010-03-24
  Bond rating expected to boost investment
    The local economy is expected to get a boost from an upgrade in the country's bond rating. � Panama has joined Brazil, Mexico, Chile and Peru as the only countries in Latin America with invest ..
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• 2010-03-24
  Fitch raises rating to investment grade Panama
   4:12 p.m. - PANAMA / NEW YORK (Reuters). -Panama won Tuesday, a long-awaited investment grade rating for its debt, rewards fast economic growth in recent years, its budget cuts and reforms its tax system. The agenc ..
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• 2010-03-24
  Opinion Texas A&M Business student on Panama
    That is very impressive. Panama is very ripe for high level business investment. With all the infrastructure spending going on in Panama it is quite obvious that Panama will become the central hub for business i ..
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• 2010-03-15
  Panama hosts regional energy forum
    The XV Regional Forum on Renewable Energy in Central America, scheduled to take place in Panama City from March 17-19, 2010, will examine initiatives to mitigate climate change, said Markku Nurmi, Director Genera ..
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• 2010-03-15
  Decameron to expand
    My wife and our children love to go to the Decameron for holiday. They have been there three times in the last year. I usually take a pass as the heat and I just don't get along lately. They were there last w ..
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• 2010-03-03
  
  



• 2010-03-03
  Panamanian President Ricardo Martinelli, arrived in Qatar.
   Related Letters: • Martinelli: The change can not do it alone .- The president of Panama, Ricardo Martinelli, arrived in Doha, where he is scheduled to meet with the Qatari emir, Hamad Bin Kha ..
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• 2010-03-03
  
  



• 2010-03-03
  Israel and Panama signed several cooperation agreements
  Martinelli visited the holy sites in the old walled citadelJerusalem, the Holy Sepulcher and Via Dolorosa.9:44 a.m. - JERUSALEM (AFP)-Israel and Panama today signed several agreementsbilateral cooperation on the sec ..
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• 2010-03-02
  President Martinelli expressed support for the state of Israel
  Ricardo Martinelli and Shimon Pere6:48 a.m. - JERUSALEM, Israel. (EFE). "The president of Panama, RicardoMartinelli, expressed support for Israel to be greeted Tuesday by itsIsraeli counterpart Shimon Pere ..
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• 2010-02-23
  Bid for land in Boquete, Prov of Chiriqui PANAMA
  5th Court  of the 1st Circuit of Panama. Date of Judicial Sale: 4 March 2010 Defendant: LERIDA TOURIST AND ESTATE COFFEE COMPANY, S.A. VERA LEE SANINS (née COLLINS) and others Plaintiff:  GENIUS PROPER ..
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• 2010-02-08
  Panama's Property tax ploy
  An article from La Prensa (below) presents a picture of a government trying to make life easier by offering everyone the ability to lower their property tax rates by voluntarily reevaluating their property before a June ..
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• 2010-02-05
  Visit by Pope Benedict confirmed for 2013
    LIFESTYLE   Pope Benedict XVI will make an official visit to Panama to coincide with the celebration of the 500th anniversary of the discovery of the Pacific Ocean by Eu ..
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• 2010-01-26
  Red Cross: Main priority in Haiti is security
    President of the International Federation of Red Cross and Red Crescent, Tadateru Konoé, said yesterday that the main priority at this time in Haiti is to ensure security, so that aid can be delivered to earth ..
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• 2010-01-22
  Government plans to introduce ethanol for vehicle use in Panama
  Secretary of Energy, John Urriola, said on Thursday that the Government of Panama has initiated talks with the Brazilian Ministry of Mines to potentially introduce the use of ethanol in the vehicle fleet of Panama. Acco ..
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• 2010-01-22
  
  



• 2010-01-22
  Panama and Belgium Negotiations
  Panama and Belgium ended negotiations to sign an agreement on double  taxation, the third of its kind to reach the Central Americans who  will be signed at a date yet to be defined by both governments, today ..
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• 2010-01-18
  Great opportunities at London & Regional's mega project Panama Pacifico
  Panama Pacifico is the exciting 1,400-hectare redevelopment on the site of the former U.S. Howard Air Force Base. London & Regional is turning it into a major new community in Panama with a variety of uses including ..
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• 2010-01-18
  Big news for the future of Chiriqui tourism
    I had a surprise this week when we received a call from the offices of the Panama Tourism Authority saying, Salomon Shamah, the head of the ATP would be visiting our resort and wanted to meet with me. It had been ..
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• 2010-01-18
  Panama continues relief efforts in Haiti
      LA PRENSA   American rescue personnel looking for survivors in the wreckage of a supermarket in Port au Prince.  The Spanish Agency for International Development Cooperation ( ..
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• 2010-01-11
  
  



• 2010-01-11
  China is the largest exporter in the world
  BUSINESS     Germany to become the largest exporter world after its foreign sales rose December for the first time in 14 months, according to data disclosed on Sunday, in a further sign ..
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• 2009-12-22
  Panama apartment prices drop 25%?
  This article in La Prensa gives little new information, but it does have several pundits talking about price reductions of between 10-25%. Maybe reality is starting to set in after all. At the end of the article it touch ..
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• 2009-12-21
  
  



• 2009-12-21
  Excellent Business Climate in Panama
  Mars, new regional headquarters to Panama 31 firms have set up regional office in Panama through the Law of multinational companies. The maker of M & M's joined the list. Mars U.S. company, will establish its regio ..
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• 2009-12-14
  Why Invest In Panama?
    Panama’s favourable economic development has been triggered by the fact that it is the fastest growing tourism market in South America and the second largest banking sector in the world. The expansion of the ..
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• 2009-12-04
  Investment in Panama is from Vallenato
  BUSINESS   FLOW. Panama is among the top five countries that invest more in Colombia.Roy Hernandez   Colombia is for Panama, Panama is for Colombia fertile land to settle or establish investment. Panama is ..
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• 2009-12-04
  
  



• 2009-12-03
  
  



• 2009-12-03
  Gold for Sale at Credicorp Bk Panama
  PANAMA. Starting today, anyone in Panama you can buy a kilo of gold and take it home. The possibility was opened by Credicorp Bank, then to bring to market its product "precious metals" which is the sale of coins and gol ..
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• 2009-12-01
  
  



• 2009-12-01
  Panama out of Gray List
  PANAMA. "By 2010, Panama will not greylisting member countries of the Organization for Economic Cooperation and Development (OECD), after having negotiated and signed 12 double taxation treaties," said the minister in ch ..
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• 2009-11-25
  Local and foreign investors to claim rights CALL THROUGH THE COASTAL LAW
    Companies hoard beaches of Veraguas and Darién The Government wants to raise the price per square meter of land, but investors are demanding free patent. Embassies in the U.S., Canada and Italy are involved.&nb ..
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• 2009-11-19
  OECD Revises upward economic recovery for 2010
    PARIS, France (AFP)-The economic growth in 2010 in all OECD countries is 1.9%, 1.2 points more than expected in June, mainly due to pushing China and other emerging economies. The Organization for Economic Cooper ..
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• 2009-08-18
  Panama is a Regional Financial Center
  Podria jugar un papel similar al de Nueva York, Hong Kong y Singapur. Could play a role similar to that of New York, Hong Kong and Singapore. En el ámbito nacional ya existen organizaciones que abogan por convertir a ..
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• 2009-07-20
  Banking industry prepares to open up its books
    Panama has 15 days to establish new policies to ensure greater transparency within its banking industry, which have long been the complaint of the Organization for Economic Coop ..
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• 2009-07-13
  Future looks bright for Panama
  Panama has a slice of everything and something for everyone, says Richard McColl. He explains why the future looks bright for Panama. As well as a favourable climate, Panama has an abundance of flora and fauna ..
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• 2009-06-19
  Six Key Issues Facing Panama?s New President
   On July 1st Ricardo Martinelli will become President of Panama; this will begin what many Panamanians hope will be the most business-friendly government in Panama´s history. Panamanian voters are hoping that Marti ..
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• 2009-04-14
  Expansion of the Panama Canal: An Opportunity for Triumph or a Perilous Bl
  The Expansion of the Panama Canal: An Opportunity for Triumph or a Perilous Blunder? Canal expansion project well underway, however benefits remain questionableSkepticism coupled with environmental and social concerns ..
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• 2009-04-03
  A NEW ECONOMIC ORDER
  Tips to deal with the world economic crisisBy: Rodrigo Julio Molina Ortega The crisis began in the United States with foreclosures.  For many years, the value of properties had been rising steadily. During this bo ..
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• 2009-03-25
  Panama and Cuba sign a unique trade agreement
    Cuba buys Panamanian textiles, footwear, and home appliances, while Panama imports clinker (an intermediate form of cement) and steel bars, among other products.   On March 16, the governments of Panama an ..
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• 2009-03-25
  Solid Banking sector
  Solid banking sector   The Superintendent of Panamanian Banks (SPB) stresses confidence in the stability and liquidity of the system   Last month the Superintendent of Panamanian Banks (SBP) took administra ..
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• 2009-01-23
  Bocas del Toro, Rep of Panama
    Bocas Del Toro real estate is seeing a boom and the area is going through many changes. It is slowly transforming from a sleepy surf town into a five star Caribbean destination to rival many of the established Ca ..
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• 2008-10-20
  Iberia and KLM to add flight to Panama route
  While airlines are cutting back their flights all over the world, it comes as good news that Iberia and KLM plan to increase flights to Panama. Spanish airline Iberia has announced that, starting Jan. 4, it will add a f ..
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• 2008-10-20
  Panama Canal announces expansion financing structure
  Panama City: The Panama Canal Authority (ACP) announced the $2.3Bn financing structure that will cover a portion of the $5.25Bn cost of its expansion programme that will build a third lane allowing the transit of po ..
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• 2008-10-20
  Panama banks stay more liquid as world economies swoon
   Reuters carries this story about the liquidity of Panama Banks and some positive quotes from the bank superintendent. Although there has been a lot of lending by banks for construction in the city, they have f ..
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• 2008-10-16
  ENLARGEMENT. 2 THOUSAND DOLLARS IN 900 MILLION
  Disbursements began in 2009 In the first ten years of funding only Interest paid on the money that has been requesting. 'It got better terms than those raised in the initial proposal, 'said German&nbs ..
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• 2008-10-16
  P A N A M A BANKING MARKET MORE ATTRACTIVE FOR YOUR LOCAL STABILITY
  The foreign deposits recorded increases of 40% The deposits amounted to 8 billion external interbank $ 280 million at the end of third quarter. The crisis and the situation of Venezuela and Ecuador are encouraging the re ..
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• 2008-10-16
  LatinAmerican Idol is Margarita-PANAMA
  The four lanes of Via Bolivar(Tranistmica) will be closed starting at 6:00 pm today, Sunday 12 October 2008, in order to prepare for the reception tomorrow for the winner of the Latin American Idol competition, Margarita ..
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• 2008-10-11
  World Economic Forum ranks Panama second in Latin America
  Panama has moved ahead of Mexico this year to claim second only to Chile in the World Economic Forum ranking of overall index of competitiveness. Panama still comes out on top of Costa Rica for the 2nd year in a row. Alt ..
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• 2008-10-11
  Free zone business up, for now
    The second largest free zone in the world is located in Colon on the Atlantic side of the country. Anyone who has ever visited this commercial center can attest to its vastness. It is a bustling area of showrooms ..
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• 2008-10-02
  GDF SUEZ Builds Hydro Plant in Panama
    100 MW Already Sold in 10 Year-Contract PARIS, September 29, 2008 /PRNewswire-FirstCall via COMTEX/ -- A subsidiary of GDF SUEZ will start the construction of a 115 MW run-of-the river hydro project following ..
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• 2008-09-25
  New immigration Law Seminar
  Our immigration department  lead by Mrs. Karina E. Molina Rolon, Esq. attended the DIVULGATION SEMINAR titled NEW IMMIGRATION LAW lectured by the SubDirector of the National  Department of I ..
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• 2008-09-25
  WASHINGTON (CNN)
  -- U.S. President George W. Bush, saying "our entire economy is in danger," urged Congress to approve his administration's $700 billion bailout proposal.uickly on the bailout plan could result in a "long and painful rece ..
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• 2008-09-25
  IReporters offer other ways to spend $700B
     -- Improving the education system. Researching alternative fuels. Nationalizing health care. Paying off the debts of the American people. iReporters have plenty of ideas about what the government should do ..
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• 2008-08-19
  Golden effort by Saladino
  Even though he was thousands of miles away, Irving Saladino never forgot where he came from. After his second attempt in yesterday's finals of the Olympic long jump, he looked into the camera and flashed a sign with his ..
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• 2008-08-08
  Is Panama still a good place to live and/or invest?
    In 1995 I left the U.S. at the age of 43  because I was tired of the high taxes and regulatory burden I felt was being put on me as a producer. I was a successful inventor who manufactured my technological i ..
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• 2008-07-22
  David airport renovation update
    Over the last 10 years we have watched the regional airport in David as it has struggled to keep up with the increase in air travelers. This year we have seen significant changes such as a new road to the termina ..
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• 2008-07-22
  Panama- fastest growing "tourism" market in Latin America
    This is not another rant on Panama's tourism ministry. I want my readers, who have an interest in the Panama tourism industry, to understand the existing market in order to make investment decisions based on fact ..
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• 2008-07-22
  Trumps says TOC 80% sold
  This comes as good news for Panama because as many projects are showing signs of a slow down in sales, The Trump Ocean Club is selling well, according to the "Donald Jr".. This article from La Prensa, quotes Donald Trump ..
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• 2008-07-22
  Panama hotels want to generate their own electricity
  With the high cost of energy many hotels in the country believe it is cheaper to generate their own electric with generators than to be on the grid. For hotels in the city and coastal areas the energy used by air conditi ..
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• 2008-07-22
  Restaurateurs take issue with senior discounts in Panama
  This post will probably generate a bunch of comments from the expat community who feel that the 25% discount they receive from restaurants are justified. After all, the government has it as a law, and many expats came he ..
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• 2008-07-21
  Banking system gets high marks
  A comprehensive review of Panama's banking sector has found few problems and very little for investors to be concerned about. A recent law made it mandatory for banks to receive a rating from an accredited agency. Most ..
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• 2008-07-07
  Panama´s Economy to keep growing
  The global professional services firm and one of the Big Four auditors, Deloitte Touche Tohmatsu, and the Panamanian advisory and financial services firm Indesa, have estimated that the Panamanian economy will not grow a ..
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• 2008-07-07
  Ipat director suggests new airport for david
  The Director of Tourism, Ruben Blades came out with an interesting statement today about the need for an international airport for David. Excerpt: We need to be able to accommodate flights arriving from Europe with m ..
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• 2008-07-01
  Pensioner Benefits Raised in Panama
    Martin Torrijos, President of Panama, announced today new benefits and retirement pensions to help the 175 thousand pensioners face the high cost of living. In a message to the Nation, the leader informed next ..
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• 2008-06-09
  2008 Panama condo report
  This CB Richard Ellis 2008 Panama condo report gives us a total of 11,428 total A B & C class active units under construction with an average? absorption rate of 73%. This class of condo is ranging in average price f ..
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• 2008-06-09
  Low income housing subsidy law passed
    The government passed the much expected low income housing bill last week. This makes it a lot more attractive to build homes for locals, but with a maximum 10 year note I wonder how many will really be able to a ..
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• 2008-06-09
  Freedom Foundation Panama Event
   Fundacin Libertad has an upcoming event that might interest members of your resident US community in PanamᮠWe will have two renowned speakers, addressing the issue of the market future and how to benefit in times ..
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• 2008-06-09
  2008 Panama Hotel Stats are in
  As many of us know, just trying to get a room in the city is expensive and difficult. But according to this Ernst & Young Panama Hotel report, there will soon be? a lot more rooms available which I believe will drive ..
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• 2008-05-06
  Bush, Panama's Torrijos to meet May 6
   WASHINGTONPetroleumworld.com, May 2, 2008 US President George W. Bush will welcome Panama President Martin Torrijos on May 6 for talks on issues including efforts to pass a bilateral free trade pact, the White Hou ..
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• 2008-04-22
  Who needs Liechtenstein or the isle of Jersey? We've got a lovely tax haven
  In 2005 Alexandre and Aude de Beaulieu, Parisians in commodities trading and public relations, picked up stakes and flew to the Republic of Panama. For $60,000 they bought, renovated and equipped a shop in Casco Viejo, a ..
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• 2008-04-22
  Groundbreaking world class 3-day trade show exhibits real estate investment
  TORONTO - Vladimir Reznik, Executive Director of PanaExpo 2008 is pleased to announce that Royal LePage - Your Community Realty is endorsing the upcoming Panama Festival & Expo 2008 to take place at the Toronto Congr ..
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• 2008-04-21
  Billions in reverted property rotting
    This is a well researched article that appeared in La Prensatoday about the many properties handed over to the Panamanian government by the U.S. that stands in disrepair and unrealized profit. According to this a ..
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• 2008-04-21
  Panama promoted in Toronto
  The show and tell of PanaExpo continue, this time in Toronto. This group are good ambassadors for Panama sharing with various communities in the U.S. and Canada about all the good things Panama has to offer. Here is t ..
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• 2008-04-16
  Panama Hottest Place in LA
  Panama continues to be one of the hottest, if not the hottest, real estate market in Latin America.  Despite the cancellation of high-profile projects like the Ice Tower and the Palacio de la Bahía, which were comp ..
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• 2008-04-15
  ACP pushes back deadline for locks
  



• 2008-03-25
  Panama to compete for Medical Tourism
    healthy:Panama is seeking to promote its health care system to potential tourists looking for a cheaper alternative to the U.S.1002366 Panama is trying to open its doors to a new class of t ..
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• 2008-03-24
  U.S. RECESSION COULD INCREASE FLOW OF INMIGRANTS TO PANAMA
  Fears of recession in the U.S. could indirectly benefit Panama by increasing the number of retirees seeking a lower cost of living, says Timothy P. Lattimer; Economic Affairs advisor of the U.S. Embassy.  Although t ..
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• 2008-03-12
  Property Tax Exemption Extended
    Although the minister of housing had said previously that the tax exoneration on new construction was to be extended, we now have confirmation of this from the legislature. I am sure the developers and promoters ..
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• 2008-02-29
  KLM to offer direct flights to Panama
  Beginning March 30, KLM will operate three weekly direct flights between Amsterdam and Panama. The new flight will offer various connection options at both destinations. Axel Metselaar, the new general manager of Air Fr ..
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• 2008-02-29
  Immigration law is posted in Gazett
  The much anticipated immigration reform law has been posted in the gazette and according to my sources who have read it there is not a great deal of issues we would take with it. I will reserve judgment until I have had ..
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• 2008-02-28
  Tourism Authority approved
  The Cabinet yesterday approved the law establishing the Autoridad Nacional de Turismo, which will replace the existing Instituto Panameño de Turismo (Ipat). After much debate, consensus on the law was finally achieved a ..
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• 2008-02-28
  Large Spanish real estate company comes to Panama
  Agency to set up offices Fincas Corral Servicing, one of the most important real estate agencies in Spain and Europe, will make Panama its regional headquarters for Central America. Fincas Corral already has a presence ..
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• 2008-02-28
  Panama’s fiscal surplus increases and then what?
  Good news is coming out of the Economy and Finance ministry regarding the income derived from taxes and the lowering of expenditures of the government. As I have been harping on for the past year, this is exactly the r ..
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• 2008-01-29
  PANAMA TODAY, TOMORROW AND ALWAYS
  Www.panamaoffshorecenter.com   Rodrigo Julio Molina O., EsqSenior Partner, MOLINA &  CO   This past Christmas season 2007, everyone was asking:  What is happening in Pana ..
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• 2008-01-15
  Tourist entry fee to Panama to go up 1000%
  Time for another rant! Today an article appeared in the local paper about the proposed new immigration changes being bantered about. Although the president has special powers to implement new regulations regarding immig ..
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• 2008-01-10
  Panama offers perks to U.S. retirees
    A growing number of Americans -- especially older people who are selling their home for a handsome profit -- are moving to Panama to take advantage of its low home prices, tax breaks and discounts. Q. My wife an ..
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• 2007-12-19
  Panama Gross Domestic Product Rises
  End of year results for Panama's gross domestic product are positive and show an increase over the figures for 2006 and earlier years. The Contraloría anticipates that growth will exceed 9.5 percent this year on accoun ..
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• 2007-12-10
  Wyndham Hotels and Resorts Opens First Hotel in Panama
    Since the sale of the Veneto earlier this year to Silver Entertainment, nothing more has been heard. Now comes the announcement a new name and hotel Flag, which should bring in a lot international players to this ..
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• 2007-12-07
  Panama: The Sleight of Hand
  The shores of Panama have long been the site of financial duplicity. Fromthe collapsed Scottish colony of Darien, that eventually led to the end ofScotland as an independent regime, to Lesseps' failed attempt to build at ..
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• 2007-11-29
  In Panama, a Home in the Mountains
      ALTOS DE CERRO AZUL, Panama   Tito Herrera for The New York Times Rachelle and Ben Smith have owned this home in Cerro Azul, near Panama City, since March 2006. It was one of the original residenc ..
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• 2007-11-29
  Construction up 44%
  The value declared in the acquisition of the permits for constructions, additions and repairs reached thousand 409 million dollars as of October, according to the preliminary numbers of the General Contraloría of the Re ..
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• 2007-11-22
  Panama: Investment Grade in 2009?
   Panama Canal expansion and fast capital accumulation should deliver the highest growth rates in the country’s recent history. These growth rates are likely to be the main driver behind the sharp decline in debt ..
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• 2007-11-21
  Slim Submits Lowest Bid for Panama Canal Contract
   Mexican billionaire Carlos Slim's Consorcio Cilsa Minera Maria submitted a $25.5 million bid for a contract to expand a portion of the Panama Canal, the lowest price among seven competitors. The Panama Canal Autho ..
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• 2007-11-21
  The Panamanian Empire
    100 years ago, France, a world power, failed at building a canal in Panama.  With much cost, the USA completed it.  It is a project for powerful countries.Today, the new canal is equally a project of ..
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• 2007-11-21
  LATIN GLOBALIZATION: PANAMA MORE GLOBALIZED
    Thanks to the editors of Latin Business Chroniclesfor sending us this article about Panama's position regarding globalization. Consider subscribing to their publication if you are doing business in Latin America. ..
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• 2007-11-21
  Enrique Iglesias Takes a Residence in The Plaza Costa del Este
    Homes Real Estate stunned guests in attendance of their launch gala of ThePlaza Costa del Este with an official announcement of the first proud owner of the Penthouse unit in The Plaza Costa Del Este, Int ..
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• 2007-11-19
  R Miguel Coffee Established to bring the most Luxurious and Exclusive Coffe
  Having established a record of excellence as Roastmaster at Paradise Roasters, R Miguel Meza has begun the process of realizing his dream. R Miguel has long sought to bring the world’s scarcest and most exclusive coffe ..
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• 2007-11-19
  Procter & Gamble to Relocate HQ Panama
  Not only will Hewlett – Packard and Caterpillar install regional HQ in Panama, but now Procter & Gamble (P&G) has announced their intention to move their corporate offices to Panama.  P& G is one of th ..
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• 2007-11-14
  The real scoop on tourism in the interior of Panama
    A reader asks; Sam, just curious. What value (in investment terms) do you assign to any additional tourist bed in Chiriqui? How many do you think is needed by 2010? And then, ? Not trying to brain suck you, just ..
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• 2007-12-07
  NEW LAW 41 Another boost to real estate
  Law 41, recently passed by Panama´s National Assembly, created a stir throughout the region earlier this month as savvy investors recognized its potential to give a further boost to the already booming real estate marke ..
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• 2007-11-14
  Trump Ocean Club sells Penthouses at $12M
    Forestalling doubt and rumor on the financial viability of the Trump Ocean Club, Roger Khafif said the construction of this project valued in 220 million dollars is already under way. Khafif, will operate in this ..
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• 2007-10-30
  New Tourism advertising campaign
  Between 8 million and 9 million dollars is investing the Panamanian Institute of Tourism (Ipat) in its new advertising campaign, with which it tries to promote the country in the international scope as tourist destinatio ..
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• 2007-10-11
  Anuncian 'exposición logística' en Panamá
  CIUDAD DE PANAMÁ(DPA).- La exposición Expo Logística Panamá, que se realizará en la capital panameña el 17 y 18 de octubre, apunta a la iniciativa de potenciar a este país como centro logístico y de trans ..
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• 2007-09-26
  PANAMA CANAL CEO TRAVELS TO SEOUL, HONG KONG AND LONDONG
    CEO ALEMÁN ZUBIETA UNDERSCORES CANAL’S ACHIEVEMENTS AND IMPORTANCE OF EXPANSION TO WORLD TRADE CANAL CONTINUES TO EXPLORE EXPANSION FINANCING LONDON, September 24, 2007 – Capitalizing on the momentum ..
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• 2007-09-26
  'A great day for Panama': $5bn expansion blasts off
    Big Bang: expansion begins THE expansion of the Panama Canal  possibly the most influential infrastructure project in shipping  has started with a bang. Flanked by senior politicians from all over ..
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• 2007-08-27
  Panama builds on its economic boom
  A $10bn project outside the capital is the latest sign of US and Canadian hunger to invest in residential property developments. ANZEIGE President Mart���Torrijos of Panama last month unveiled what could become one of ..
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• 2007-08-23
  Coastal Line Final Design Approved in Panama
  This from local press on the new Avenue Balboa bypass.     The works of construction of the multi million dollar project "coastal line and new road" will begin October 15. Thus the minister of Public Works ( ..
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• 2007-08-21
  Panama Real Estate Business Practices
   



• 2007-08-21
  BUSINESS OPPORTUNITIES IN PANAMA
    



• 2007-08-21
  PANAMA IN THE INTERNATIONAL NEWS
  



• 2007-08-16
  The Different Types of Property Ownership in Panama
    Panama has three different types of property: Titled Property  Titled property is very similar to that of "fee-simple" titles in the USA. Panama has a very sophisticated Public Registry with a cadastra ..
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• 2007-08-14
  Cup of Boquete Joe comes with serious price tag
  Who would have thought that the most expensive cup of coffee in the world comes from this little town? Glad we can still get a good cup for 25 cents here. This news from the Canada.com website. VANCOUVER -- Since Monday ..
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• 2007-08-14
  Condo auction taking place
  Panoramic views of Biscayne Bay. A short distance to the Carnival Center and downtown Miami. Living in the heart of Miami's emerging Edgewater neighborhood. It's all yours -- for auction next month inside a Marriott Hot ..
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• 2007-08-14
  Copa Airlines Expands Fleet -Panama
  



• 2007-08-13
  BRITISH VIRGIAN ISLANDS UPDATE NEWS
  MOLINA & CO Newsletter A publication for clients and friends of Molina & Co., Attorneys         BVI Financial Services Commission of BVI companies (former IBC’s) whose Memorandum ..
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• 2007-08-13
  $200 Million Worth of Real Estate For Sale in Boquete
  The paradise-like district of Boquete has seen significant economic growth due to the large number of foreigners who have decided to rest and invest in residential tourism, which has caused large multinational and Panama ..
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• 2007-08-01
  Panama Banks surpass $55 billion.
  Banks are the best thermometer of how things are going. If banks are moving in, growing and profiting then you can bet things are going pretty well. Here is a news repport from todays paper on the sunject. Panama, Thurs ..
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• 2007-07-23
  Panama builds on economic boom
    By Richard Lapper and Adam Thomson in Panama City Published: July 11 2007 18:59 | Last updated: July 11 2007 18:59 President Martín Torrijos of Panama on Wednesday unveiled what could become one of the biggest ..
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• 2007-07-23
  Glitter and graft A country revamped as a service hub grows at Chinese rate
    COMMUTER traffic crawls along Avenida Balboa, the coastal road that is the spine of Panama City, slowed by thousands of new cars. In the city's wealthier districts restaurants are packed, and it is hard to find a ..
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• 2007-07-20
  Miami Condo Glut Pushes Florida's Economy to Brink of Recession
      Construction cranes dot the skyline of Miami July 20 (Bloomberg) -- In the middle of the biggest glut of condominiums in more than 30 years, Miami developers keep on building. The oversupply will ..
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• 2007-07-20
  Twelve Ways to Stay Financially Motivated
   One of the most difficult aspects of getting your finances in order is finding the motivation to do so. Such a task can seem a massive endeavor to undertake. And even if you jump-start yourself into action, it ca ..
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• 2007-07-10
  First bid to widen Panama Canal awarded
    



• 2007-07-03
  Forget Florida; Central America the New Hot Spot for Retirees
  If you travel regularly, it happens eventually. You'll be in another country, lying on a white, sandy beach or strolling through some charming village, when you turn to your significant other and say, "I coul ..
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• 2007-06-27
  What Makes Panama's Tick
  



• 2007-06-27
  Panama:Canal Expansion and the Global Economy
  



• 2007-06-11
  Panama as an established banking center
  The Superintendence of Banks analyzes nowadays the documentation of six new banks proceeding from France, Switzerland, Cayman Islands and Honduras, which want to initiate operations in Panama. The entity did not reveal ..
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• 2007-06-08
  Verdict determined that in the contract the rights of consumers are restric
  The usual practice to collect from the buyers of new houses a surcharge by increases in the cost of materials and other measures have its days to conclude.   A recent verdict emitted by Maria Teresa Garcia, Judge ..
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• 2007-06-01
  Apede Headquarters approved for sale
  



• 2007-05-31
  Exoneration of Real Estate Tax in Panama
  For all people interested in acquiring Real Estate in the Republic of Panama, be informed taht by means of the Law 34 of November 9th, 2005 an exoneration of the Real Estte Tax for a period of 20 years for new cosntructi ..
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• 2007-05-31
  Understanding Panama Taxes
   Panama has many types of taxes. In the following pages, we will provide you with a summary of the major types of Panamanian taxes. Prior to relying on these summaries, consult with a Panamanian tax lawyer o ..
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• 2007-05-31
  Panama Canal Toll Hikes Approved
  Following a recommendation from the Board of Directors of the Panama Canal Authority (ACP), the Cabinet Council of the Republic of Panama late last month approved the proposal to restructure the Panama Canal’s pricin ..
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• 2007-05-31
  Panama Selects Legal Advisers For Canal Expansion
  The Panama Canal Authority (ACP) announced this week that it has selected law firm Shearman and Sterling LLP as its international legal advisor for its expansion financing needs. Shearman and Sterling joins Mayer, Brown, ..
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• 2007-05-31
  Panama Tocumen Airport preparing expansion
  The infrastructure of 50 million dollars will allow the airport to provide service to airplanes of wide range by 2009. The Panamanian Terminal  regsitered 59 thousand 853 plane operations in 2006, 11% more than 2 ..
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• 2007-05-29
  Panama Constructions value rises
  The value of constructin in Panama and in some of the country´s disrict in this last  month of April have increades to 29.8% in comparison to the same month last year 2006, was revealed in a report i ..
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• 2007-05-17
  Panama Has No Central Bank?
   In this modern, post-Bretton Woods world of "monetary order" and coordinated central-bank inflation, many who are otherwise sympathetic to the arguments against central banks believe that the elimination of central ..
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• 2007-05-16
  A Brief Description of Panama´s Geography
  Panama GeographyThe Republic of Panama lies in Central America between the Caribbean Sea and the North Pacific Ocean. There are land borders of 225 km with Columbia (on the west) and 330 km with Costa Rica (on the east). ..
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• 2007-05-16
  Panama Is An Independent Country With A Canal
  The Republic of Panama, between Colombia and Costa Rica, has a population of 3,191,319 (July 2006 est) and a land area of 76,000 sq km. The climate is tropical. Panama is a sovereign democracy with a presidential style o ..
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• 2007-05-11
  Report on tourism workshop sheds new light on Panama's future
          Prima Panama's, Tomas Portillo, gives us this report about a workshop he attended late last month assembled by the ministry of tourism that sheds light on some new law changes a ..
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• 2007-05-03
  Central America:Are conditions right for an economic take-off?
    The Central America-Dominican Republic-United States Free Trade Agreement, known simply as CAFTA-DR, or CAFTA, presents the entire Central American region with substantial and inevitable changes in its economic s ..
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• 2007-05-03
  Opportunities for tourism investment in Central America
    Central America is well known as a highly desirable tourist destination. It offers a rich variety of cultural, social and sports activities that distinguish it from just about any other place in the world.  ..
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• 2007-03-20
  737´s landing in Daivd, Chiriqui in PANAMA
  737's landing in David-YEP! This morning I read a press release from Panama Star saying that 737's would start flying into David on a regular basis. My partner Paul is visiting Boquete from the city and we both ha ..
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• 2007-03-19
  Panama the New Boomtown in the Americas
  Panama is rapidly becoming the new boomtown in the Americas.



• 2007-03-02
  Reward Yourself
  Whether you are looking to relocate, reinvest or simple retire, Panama has an array of investment incentives for everyone to possess a piece of paradise, and then some… RETIREMENT BENEFITS   Panama has been d ..
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• 2007-03-02
  The Panama Canal Expands
   Good news for Panama’s real estate market occurred when nearly 78% of the voters in Panama approved expanding the Canal last October. This colossal project will add a third set of locks and double its capacity to ..
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• 2007-03-02
  Property Taxes in Panama
    BUYING PROPERTY IN PANAMA MEANS PAYING PROPERTY TAXES.   Properties located in Panama are subject to Panamanian laws, even when their owners are foreigners and do not reside in Panama.   Only Titled ..
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• 2007-03-02
  Property Management in Panama
  Are you thinking about investing in a rental property in Panama?  Maybe you want to purchase a second home that will produce rental income while you spend your summers back home.  If so, then consider contr ..
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• 2007-03-02
  A Foreigner´s Guide to Financing in Panama
  With the daily influx of international buyers and investors coming to Panama for real estate, Panama’s banking sector has recently established financing opportunities that will now include foreigners; the non-Panaman ..
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• 2007-02-02
  Panama Economic Growth to rise 7%
    The econmic activity in Panama will continue to bring good news.  As Deloitte Inc. consulant informs, the economic growth for 2007 will be of 7%, in comparison with the internal prod ..
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• 2007-01-05
  Panama's overbuilt condo market starts to fizzle
    This Reuters headline actually reads "Florida's overbuilt condo market starts to fizzle " but I could not help but put Panama instead as it will surely follow the same fate in the not too distant future. Th ..
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• 2007-01-04
  Angelina Jolie and Brad Pitt enchanted with Panama
  PANAMA CITY, Panama (AP) - Angelina Jolie and Brad Pitt surprised fans in Panama City on Friday, visiting a souvenir shop, a colonial neighbourhood and the Panama Canal.



• 2007-01-04
  Leader of theYear: Martin Torrijos Espino
  Leader of the Year: Martin Torrijos Martin Torrijos with President George W. Bush, during the campaign trail in 2004 and selling the Panama Canal ..
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• 2007-01-04
  The Panorama that is Panama
  It's always been a detour, never a destination, and the whole world is missing something grand  Agustin Gurza, PANAMA CITY, Panama Published: Saturday, December 30, 2006 PANAMA CITY, Panama - P ..
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• 2007-01-04
  Local Banks Merger
  Banco General and  Banco Continental joint forces in order to compete in the banking industry with a merger



• 2006-12-13
  Panama: The Shining City
  Panama's city infrastructure is about to embark on the most ambitious plan in its history, the author argues. (Photo: Latin Business Chronicle) & ..
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• 2006-11-21
  Globalization: Latin America Improves, Brazil Worsens
  GLOBALIZATION LOSERS:  Brazil and Venezuela, here represented by presidents Luiz Inacio "Lula" da Silva and Hugo Chavez. (Photo: Ricardo Stucke ..
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• 2006-11-14
  Panama: A Bubble Waiting to Burst
  FROM BOOM TO BUST? The real estate boom in Panama City (above) may be a bubble, argues Walter Molano. (Photo by CanalMuseum).    ..
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• 2006-10-25
  Panama the Most Globalized country in LATIN AMERICA
  Panama is the most globalized country in Latin America, followed by the Dominican Republic. Argentina is the least-globalized, the Latin American Globalization Index shows.



• 2006-09-22
  Global warming submerges Panama?
  



• 2006-10-13
  Inexpensive living draws American retirees to Central America
  



• 2006-09-06
  The Panama Canal at a crossroads
  PANAMA CITY Once the equivalent of a modern multilane highway, the Panama Canal may be on the verge, those who run it say, of becoming something closer to an old, congested country road.   The increasing number ..
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• 2006-09-06
  Panama Maritime Authority seeks revisions to ISM Code
  According to an exclusive report by Fairplay, the Panama Maritime Authority (AMP) is to make recommendations to the International Maritime Organisation (IMO) that revisions be made to the ISM Code in particular with resp ..
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• 2006-08-14
  Dubai firms plan Panama ventures
  Dubai: Dubai is looking at investing in the $5-billion expansion plans of the Panama Canal as part of a string of projects being considered in Panama by several Dubai government entities.  



• 2006-08-14
  Important industrialist Dutch arrives to Panama.
  Continuing with the national policy of promotion of Panama outside the country as successful destiny for the investments and exports, Ms. Vergara, traveled to Holland in company of the civil employees of the MICI: Mr. Ju ..
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• 2006-07-26
  Panama Corporation
  The Republic of Panama has long been an attractive jurisdiction for the establishment of corporations. Among the many advantages Panama offers as a location for incorporation are: the flexibility of the corporation laws, ..
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• 2006-07-26
  The Panamanian Private Foundation
  By: Rodrigo Julio Molina O. Now, as an additional service for its clients, Molina & Co. is offering Panama Foundations to those individuals who need a fiduciary structure mainly for the orderly transfer and disposit ..
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• 2006-07-26
  The Expansion of The Canal
  Right now, post-Panamax vessels that do not fit through the Canal represent 27% of the world’s capacity of containerized maritime shipping, while shipyards have contracts to build over 250 additional vessels of this si ..
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• 2006-07-25
  Increase real estate in Panama
  During the last semester Panama real estate has been in the "eye of the storm" of buyers from United States, Europe and Canada, as well as Panamanians.  We can see an interesting movement in this market which measur ..
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• 2006-07-24
  HSBC agree to by large Panama bank
  By PATRICIA CHENG and BEN LIVESEY   HSBC Holdings Plc agreed to buy Grupo Banistmo SA, Panama's largest bank, for $1.77 billion in cash to enter five countries in Latin America, its fastest-growing market. HSBC ..
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• 2006-08-14
  Cozy charm, patio draw diners to Panama Hotel
  By: Amanda Gold The Panama Hotel has a long and storied history. In 1926, a boarding house opened on the quiet corner at what is now Bayview and B Street in San Rafael. Eleven years later, an addition was built to accom ..
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• 2006-08-14
  Zhang Fusheng attends maiden voyage ceremony of M/V COSCO Panama
  Zhang Fusheng, Executive Vice President of COSCO (Group) Company who was heading a senior COSCO delegation for a visit to Panama, attended the Maiden Voyage Ceremony of the M/V COSCO Panama at the Miraflores locks of the ..
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• 2006-08-14
  Five firms submit pre-qual docs for Pacific Port Concession
  By  Eva Medalla A total of five firms have submitted pre-qualification documents in the process for the concession to build and operate Panama's second port on the Pacific side of the Panama canal, a source from ma ..
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• 2006-07-20
  Pensioners seek paradise in Panama mountain idyll
  By Mike Power  U.S. invasion."It's 77 to 82 degrees every day, and it's spectacularly beautiful," said Koehler, 65, who moved to Panama last year. "This house cost me $230,000. In Florida it would be $1.5 million."P ..
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• 2006-06-26
  Panama hopes to sail into "First World"
  Panama hopes to sail into 'First World' Panama from "the Third World to the First" in the space of less than a decade.The expansion is being vigorously promoted by the President of Panama, Martín Torrijos, son of Omar T ..
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• 2006-06-20
  A Brief Comparision of Trust and Foundations in Panama
  A Brief Comparison of Trusts and Foundations in Panama     TRUSTS FOUNDATIONS Legal Structure Not a legal entity.  Assets are held in the name of the Trustee and dealt with in accor ..
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• 2006-06-06
  The wager of Panama
  By Mark Joyce 31 - 5 - 2006 A national referendum on the expansion of the Panama Canal is surrounded by financial and political questions about the 21st-century future of the 19th century's greatest engineering proj ..
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• 2006-06-05
  News about PANAMA in International Herald Tribune
  By Nancy Beth JacksonPanama  Since Balboa crossed the Isthmus of Panama in 1513, this Central American country has been invaded by Spanish conquistadors, English pirates and the U.S. military. Now a new invasion is ..
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• 2006-06-05
  Incentive Law for Casco Viejo
  The Decree-Law N° 9, by means of which incentives special rules were established for the restoration and revaluation of the Casco Antiguo of Panama, was issued on August 27, 1997. The due date for this Decree-Law was Au ..
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• 2006-05-16
  Relevant Information on the Third Set of Locks Project
  1 Project Components Third set of locks project objectives. The objectives of the Canal expansion are: (1) to make long term growing and sustainable contributions to the Panamanian society, through the payments that th ..
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• 2006-05-03
  Sworn Statement of Capital Gains
    Law No. 5 of January 25, 2006 modifying Article 5 of Law 108 of 1974 which grants incentives for exports and indicates other provisions”, sets forth, in its Article 2, that it modified Article 701 of the Fiscal ..
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• 2006-05-25
  Second Residency in Panama for Retired or Pensioned
  Retirees in Panama can choose to actively take part in the real estate auctions that are carried out daily in the courts of justice.  The law stipulates that the day of the auction must be announced to the public.&n ..
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• 2006-03-17
  Panama gets ready for FTA
  The government of Panama plans to invest US$240 million in  the next three years in what it calls a "complementary agenda" -a plan designed to prepare public entities for the imminent signing of a free trade agreeme ..
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• 2006-03-17
  Foreign Investment Grows
  Panama is still a magnet for foreign investment.   Acording to the last report of the General Comptroller of the Republic, foreign companies invested UD$1.27 billion in 2005. Although the figure only represents ..
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• 2006-03-31
  Retail Business and The Free Trade Treaty
  The Free Trade Treaty between the United States and Panama will bring large numbers of import companies, such as Nike, J.C. Penny and Wal-Mart, which have been establishing their manufacturing centers in Asia, due espe ..
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• 2006-03-10
  Relocation Benefits
  -Panama city is home to the second largest international banking center in the world next to Switzerland. -Panama has the most modern and successful international banking center in Latin America, with more than 150 bank ..
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• 2006-03-10
  Retirement Benefits
  -Panama has been declared by many as the most preferred location for a second or retirement home for North Americans. -For its citizens, Panama is one of the top three of Latin American countries for quality of life; he ..
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• 2006-03-10
  Developing Benefits
  -The Panamanian government welcomes and encourages foreigners to purchase/develop real estate in Panama. -Panama has a unique geographical position, and fortunately Panama does not suffer from natural disasters such as ..
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• 2006-01-23
  Panama, Costa Rica join forces to boost tourism
  Panama, Costa Rica join forces to boost tourism If it's Tuesday, it must be . . . Costa Rica? Americans who travel to Europe for the first time often sample several countries in the same region over the course of ..
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• 2006-03-10
  Real Estate Rights in Law 132
  Law 132 establishes that the concessions that are granted in territories of property of the state on continental and insular territory will not affect existing possessory rights that have been granted by the municipa ..
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• 2006-03-16
  Playa Bonita report
   I had the pleasure last week to tour Play Bonita's Intercontinental Hotel and resort with Mr. Herman Bern, the developer. This is a world class resort located just 15 minutes drive from downtown Panama City. You cr ..
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• 2006-03-10
  Panamanian Economy Growth
  The growth of the Panamanian economy to September was of 6,1%, according to the given report to know last night by the Contraloría of the Republic.During the third trimester, the gross internal product grew 5,9% in regi ..
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• 2005-08-25
  US assigns a higher Sugar quota to Panama
  United States assigned Panama with a higer suger quota. It went to additional 5 thousand 700 tons from the 30,000 that actually gives.  Such changes represents an additional profit for the sugar refineries of 2 mil ..
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• 2005-08-25
  Remodeling and Construction of the International Panamanian Airport
  In order  to offer panamanians and foreign travelers  modern  facilities, the Tocumen Airpot is undergoing a  remodeling and new cosntructions which is in its 40% stage of advancement.Among ..
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• 2006-03-16
  From US Base to Panama Pacific Special Economic Area
  The former US Base denominated Howard is now being reformed. Under these reforms, the Government of Panama´s Agency of the Panama-Pacific Special Economic Area is now seeking to develop Howard with private sector partic ..
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• 2005-08-25
  U.S. offers Panama and Central America Free Trade Agreement
  President Bush Promotes Panama and Central American Free Trade Agreement And one of the reasons why is because this administration recognizes that the way you grow an economy is you stimulate the entrepreneurial sector. ..
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• 2006-03-17
  Foreign Retirees Tax Free
  Taxes on Foreign Retirees National and foreign retiree pensions continue to be income tax free. 1. The pensions and/or retirement benefits that foreign residents of Panama receive from abroad, DO NOT PAY in-come t ..
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