(Daily Mail) Donald Trump doesn't do anything small, so it is no surprise that his first building in Latin America also becomes the region's tallest. The 70-storey Trump Ocean Club opened Wednesday in Panama City, soaring 932 feet (284 meters) into the Central American sky. The Trump Ocean Club reflects 'the modern sensibility of the new generation of luxury travel', the … [Read more...]
Panama Drug Bust Just a Drop in the Bucket
While Panamanian officials are hailing the largest cocaine seizure of the year as a major victory, it's unlikely that improved interdiction rates will discourage traffickers from using Panama as a key trans-shipment hub for drugs. On July 4, Panama’s National Air and Sea Service (Servicio Nacional Aeronaval - SENAN) and the U.S. Coast Guard boarded a suspicious ship off … [Read more...]
Panamanian exporters received $ 23.4 million in tax exemptions
(Prensa.com) Panamanian exporters received $ 23.4 million in tax exemptions and incentives in 2010, an amount which was reflected again two years later, the additional cost that had to take the state for losing tariff preferences with the EU. He also was captured late delivery of the tax credit certificates (CAT), which respond to requests for disbursements made by exporters … [Read more...]
42,000 new vehicles per year on the streets of Panama
(Prensa.com) Projections for the next four years an average estimate of 42 000 vehicles will be released on the streets of Panama, according to independent analysis of their own dealerships. The economy is driving sales. … [Read more...]
Panama seizes 1.8 tons of cocaine
(Xinhua) Panama's police seized 1.8 tons of cocaine on the country's Atlantic coasts Monday, Public Security Minister Jose Raul Mulino said. Mulino said it has been the largest amount of drugs seized this year so far, and the security forces' biggest victory against international drug trafficking cartels. He said the cocaine was found inside a cargo truck, 20 miles (about … [Read more...]