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Sunday, November 18 2018 @ 03:23 AM UTC

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1. The Panama Guide "Real" Cost Of Living Survey ...
By DON WINNER for Panama-Guide.com - One of the first questions people ask when they are considering a move to live in the Republic of Panama is about the cost of living. They want to know how much things cost, and will they be able to get by on the ...

2. How to Receive a Money Transfer to your ...
Having just recently (October 2004) opened a personal and business bank account in Banco General, I wanted to share the correct way to receive a money transfer of funds globally.

3. ITBMS To Rise From 5% to 7%
Inflation and a decline in purchasing power is what is expected with the new tax reforms announced by the Government, especially those that indicate an increase from 5% to 7% in the ITBMS sales tax, funds that will be allocated to pay for improvements in public safety and security and ...

4. Summary of costs of hiring an employee in ...
Are you thinking of starting a business in Panama and hiring employees? Wages in Panama are low, but not quite as low as you maythink, because there are many "extra" payments that you, as an employer, are required to make. Here is a quick summary of the employee benefits that ...

5. Citigroup Buys Banco Uno
By Edith Castillo Duarte for La Prensa: Citigroup, the largest bank in the world by stock-exchange capitalization, owner of Citibank, will increase its presence in Panama and Central America after reaching an agreement yesterday to buy the operations of Financial Group One, the greatest emitter of credit cards in the ...

6. Panama bourse calling Indian diamantaires
By Melvyn Reggie Thomas (TNN) SURAT: After Dubai and Antwerp, Surat and Mumbai-based diamantaires are eyeing a big chunk of the $8 billion diamond market in Latin America. Over a dozen firms have already purchased office space in the Panama Diamond Exchange (PDE) which recently opened on April 30. Also, ...

7. Swiss Metal Assets S.A.
Health care for your cash: In today’s economic climate, most individuals are searching for new options to protect their wealth. The global financial uncertainty created by United States of America and some European Union members has created a situation where individuals are obliged to look elsewhere for new options to ...

8. Second Set Of Data Pushes Average Cost Of ...
By DON WINNER for Panama-Guide.com - Man, the results of this survey about the "real" cost of living in the Republic of Panama are turning out to be really interesting. The first article with survey results on Panama cost of living went up on Saturday. A lot of people saw ...

9. TRADE POLICY REVIEW: PANAMA
By DON WINNER for Panama-Guide.com - The World Trade Organization (WTO) just released their Trade Policy Review (TPR) for Panama (which follows). A generally liberal trade regime; further reforms would help maintain growth. Panama maintains an essentially liberal trade and investment regime, characterized by relatively low tariffs and few non-tariff ...

10. Do I Have To Declare A Collection Of ...
By DON WINNER for Panama-Guide.com - Today someone contacted me with the following question. A couple intends to move to Panama as retirees and to bring with them a collection of gold coins. The "face value" of the coins is less than $10,000 dollars, however the collection itself is actually ...

11. Prepaid cards attract money launderers
(AP) BOGOTA, Colombia – Forget bulk cash. Heavy and hard to hide, it's simply not the most convenient cross-border conveyance for a 21st-century money launderer. A safer and increasingly attractive alternative for today's criminal is electronic cash loaded on what are called stored-value or prepaid cards. Getting them doesn't require ...

12. The "Real" Cost Of Living in Panama - ...
By DON WINNER for Panama-Guide.com - Good morning guys. I’m making a call for your input to an article I intend to write. One of the most frequent questions people want answered when they are considering a move to Panama is “what is the cost of living.” Very often there ...

13. The Expansion of Malls and Comfort Shopping
There are now three full-blown US-style shopping malls in Panama city. The El Dorado shopping center is going through a major renovation to keep pace. Investors are pouring money into franchises, making big bets on the strength of the Panamanian retail economy and continued economic consumption.

14. Panama Now 6th Richest Country in Latin America
Panama is now the sixth richest country in Latin America in terms of Gross Domestic Product (GDP), per capita Purchasing Power Parity (PPP). For 2009 Panama's GDP (PPP) was $11,788 and increasing 1.8% for the year, according to a report issued by the Latin Business Chronicle. Meanwhile, according to the ...

15. How Much Does It Cost To Produce One ...
By ÁNGEL LÓPEZ GUÍA for La Estrella - People are paying 260% of the cost of production. Issues regarding the generation, distribution, and regulation of electrical energy remain a topic discussion. This time it's the "disproportionate earnings" which according to former IRHE Director Jose Blandon, "the electrical companies are making ...

16. Banco General - Banking Hours
Thought someone might be interested in knowing the banking hours that Banco General operates by.

17. Bocas Fruit Company Loses 30% of Production
Times are tough in the banana business. The Bocas Fruit Company lost 30% of its production due to fruit being underweight or too bruised for the international export market. Production for hectare is 2,100 boxes for the company, and they need to produce 2,500 in order to be competetive. It's ...

18. Panama's Bank Regulator Approves Continental, General Merger
By Ken Parks for Dow Jones Newswires - Panama-based banking group Grupo Financiero Continental said Thursday the country's banking regulator has approved its merger with local rival Banco General. In a filing with the Panama stock exchange, Continental said the regulator has authorized the merger of the two banks under ...

19. The "Panama As Economic Lifeboat" Scenario
By DON WINNER for Panama-Guide.com - It's an interesting cup of tea leaves to ponder, the US economy these days. I'm one of those guys who can dial up the Bloomberg channel on television and listen to hours of talking heads discussing the various macro economic scenarios and how they ...

20. David Smith on the business of currencies trading
This is the tale of how an enterprising young man turned the financial sector on its head and will force the regulatory body to be clearer in its definition of what constitutes securities and investment advice. Earlier this month David Smith, a reputable trader concentrating solely on the international FX ...

21. How Is US Foreign Aid to Panama Being ...
By DON WINNER for Panama-Guide.com - Question: Where are your tax dollars being spent in Panama? As far as I can tell, the government of the United States has spent (or will spend) a total of $33.59 million dollars in Panama under a variety of foreign aid programs since 2008. ...

22. Miami Beach looks to Mexico, Panama for sand
By Mark Clothier BLOOMBERG NEWS MIAMI BEACH— It’s midmorning in Miami Beach. The sun is shining, the waves are lapping — and the bulldozer is roaring. Orange netting ropes off sections of the shore as heavy equipment moves in to replenish one of the world’s most famous beaches. The Atlantic ...

23. Bank Secrecy Is Dead - Why Expats Are ...
By Brian Mahany - The news wires have been buzzing again this week with new stories about offshore reporting. Most commentary has been directed at the banking side of FATCA, the new Foreign Account Tax Compliance Act. The first phase of FATCA is in effect this year - it essentially ...

24. How NOT to do Business in Panama
By DON WINNER for Panama-Guide.com - I often promote Panama as having wonderful potential for business and investment. I think there are some fantastic opportunities here, if you know what to look for and how to take advantage of them. However there is a recurring theme I've seen several times. ...

25. Poverty in Panama Decreases to 32.7%
PANAMA (AP). In the past five years, poverty in Panama declined four percentage points, according to a study released Tuesday. The living standards survey conducted by the Comptroller General and assisted by the World Bank found that poverty level was 32.7% in 2008, while in 2003 poverty was estimated at ...

26. Panama economy grew 2.4 percent in 2009
PANAMA CITY, March 2 (Reuters) - Panama's economy grew 2.4 percent in 2009 after expanding 3.5 percent in annual terms during the fourth quarter, the government said on Tuesday. Panama's economy weathered the global economic crisis better than most other Latin American countries because of its relatively strong financial sector ...

27. Wal-Mart Coming To Panama Thanks To Free Trade ...
Minister of Trade and Industries of Panama, Ricardo Quijano, today expressed confidence that the Free Trade Agreement between his country and the United States which is expected to be implemented in October will help to reduce the price of goods for all Panamanians. The official, who spoke on the subject ...

28. Panama and Mexico Sign Treaty on Double Taxation
PANAMA (AFP). Panama and Mexico signed a treaty to avoid double taxation and prevent tax evasion and on income tax, Panamanian officials reported Tuesday. The double taxation agreement between Mexico and Panama "has come to a happy ending for both countries," said Frank De Lima, Vice Minister of Economy and ...

29. ASEP Orders C&W to Lower Prices
Today Panama's National Public Services Authority (ASEP) ordered Cable & Wireless to reduce the price per minute charged for calls made from fixed phones, public phones, or semipublic phones to cellular phones from their own network. The order was accepted by the company and the result will be lower prices ...

30. Global Economic Crisis and Its Impact on Panama
By DON WINNER for Panama-Guide.com - The potential impact of the global economic meltdown continues to be the lead topic of discussion in Panama today. For the most part Panamanian economists have a pretty good understanding of how the relatively tiny Panamanian economy is interconnected to global markets and the ...