(Bloomberg) Panama had its credit outlook revised to positive from stable by Standard & Poor’s Ratings Service as the economy grows faster than expected. S&P lifted Panama’s foreign currency long-term debt rating to BBB-, the lowest investment grade level, in May of last year. “The positive outlook is based on our view that stronger growth and increased … [Read more...]

(Prensa.com) Bill Daley, White House Chief of Staff said yesterday American president Barack Obama will send to Congress, Free Trade Agreements (FTA) with Colombia, South Korea and Panama “very soon” so they can vote on them.  Last week Daley said it was urgent for Congress to approve those agreements before August recess. Now, Daley said it was possible discussions regarding … [Read more...]

(Latin Business Chronicle) Panama is an active construction site. The widening of the canal, the knitting of a new highway network and the completion of mega-skyscrapers, requires one to wear a hard hat when walking out onto the street. With a GDP growth rate of almost 7 percent in 2010, and perhaps more than 9 percent in 2011, Panama shows no signs of slowing down. The … [Read more...]

(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...]