The Panama Blog

Panama Travel and Living

Panama sees growth in ahead for construction industry

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(prensa.com) That would mean the sector would grow to $2 billion, a significant jump from 2010, when the sector was valued at $1.65 billion, according to the Panama Chamber of Construction (Capac). The public sector is driving much of the growth, with a number of large projects on the horizon, particularly in transportation. But housing will also drive this … [Read more...]

Attorneys consider the effects of the Tax Information Exchange Agreement

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(PanamaInvestorBlog) What comes first, the chicken or the egg? In this case the chicken is the Free trade agreement (FTA) with the U.S. and the Tax information exchange agreement (TIEA) with the U.S.. As has been posted previously, the U.S. plans to ratify the FTA with South Korea, but Panama and Columbia will have to wait. For how long, no one is sure, but  Panama has … [Read more...]

Ricardo Martinelli: Panama being propelled into first world

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(NewsroomPanama) Panama “the only country in the world run by businessmen" is in “no hurry" for the United States Congress to approve the free trade agreement (FTA) between the two nations. This statement came Wednesday, January 26 from Panama’s President, Ricardo Martinelli, to news agency AFP in Davos, Switzerland where he is attending the World Economic … [Read more...]

Panama hotel revenue increased by $38 million

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CATEDRAL. CATHEDRAL. El Casco Antiguo es uno de los sitios más visitados por los turistas que llegan a Panamá. The Old Town is one of the most visited by tourists coming to Panama. LA PRENSA/Eric Batista 1500091 PRESS / Eric Batista 1500091 (prensa.com)  The revenue that hotels and restaurants had between January and September last year reached 650.6 million … [Read more...]