by prensa.com Delta Petroleum reached an agreement with Shell to acquire all its assets and operations in Panama. "In a transaction which were not disclosed financial terms for confidentiality reasons," said a statement from Llorente & Cuenca. The CEO of Delta Petroleum, Augusto Gerbaud, said the company will continue its operation model, which is very … [Read more...]
Panama tourism up 17% for August
by panamacascoviejo.com Small headline in the Prensa, but big news: August registered an increase in tourist visitors of 17%. According to the note, authorities expect 2010 to close with an overall growth of 10%, a number that would be supported ā among other things- by the a new cruiseline departing from Panama and new flight frequencies including Condor Airlines from … [Read more...]
Panama negotiating to host International Film Festival
by Newsroom Panama Panama could soon be moving towards creating an international film event that would focus the eyes of the world on the Isthmus and provide a major boost Ā for tourism. On Thursday last week Ā October7) Henk Van Der Kolk, founder of the Toronto International Film Festival (TIFF) the worldās biggest, flew into Panama and drove straight to a high level … [Read more...]
Panamanian President Martinelli travels to Asia to sign double taxation treaties
by Panama Digest President Martinelli will start his official Asia tour on Friday, October 15 to sign double taxation treaties. The eight-day tour will stop in Singapore, South Korea and Taiwan, according to Vice President Juan Carlos Varela, who will be traveling with the president. āThis is President Martinelliās first trip to Asia,ā Varela said. This is also … [Read more...]
IMF: Panama will lead Latin America
Panama will be the leader of Latin America Grow 6.2% in 2010, 6.7% in 2011 and will remain so until 2015. PA-DIGITAL Robust growth. Panama is the country that will lead the Latin America and the Caribbean in the period 2011 - 2015, said the International Monetary Fund (IMF) at its annual meeting held in the United States. The IMF report says that while Paraguay, … [Read more...]