(Panama Investor Blog) According to an article in La Prensa today, there are five more hotels that will open over the next 3 years in Panama City. This is on top of at least a dozen mega hotels already underway and expected to open in the next 18 months. These new entries are aimed more at the business traveler and are considered 3-4 star accomadations. Howard Johnsons, … [Read more...]
IMF Commends Tax Reform In Panama
(Tax-News.com)In its latest Article IV consultation with Panama, the International Monetary Fund (IMF) described recent tax reforms and added its support together with some advice about future medium term financial forecasting. In his first year in office, President Martinelli had enacted two far-reaching tax reforms, said the IMF. With these reforms, Panama’s tax … [Read more...]
Panama Tops GDP Outlook Index in Latin America
(International Living) According to the Latin Business Chronicle’s annual Latin Business Index (released this week), Panama is the number one country in the region for doing business. Last year, Panama just barely missed nabbing the number one spot on the index—it went to Chile, which swapped places with Panama to rank second this year. With Panama and Chile attaining … [Read more...]
Coca-Cola FEMSA to buy dairy producer in Panama
Coca-Cola FEMSA, the Coca-Cola bottler in Mexico, said Thursday it has signed a preliminary agreement to buy Grupo Industrias Lacteas, a dairy company, in Panama. The parties have signed a memorandum of understanding. Terms of the deal were not disclosed. The deal would allow Coca-Cola FEMSA to enter the milk and dairy products business in Panama. The deal is subject … [Read more...]
Panama to invest$ 119.8 million widening the road to Boquete
from prensa.com President Ricardo Martinelli today gave the order for the project design, construction, rehabilitation and widening of the David-Boquete road to Constructora Urbana, SA "We are confident that with the construction of this important way chiricano people will have better days and are confident it will not be the only work that will run," said … [Read more...]