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61. Cayman National Bank to Open in Panama
Cayman Net News - Regulators in Panama has given the green light for Cayman National Bank Ltd to establish a Representative Office in that Central American country, one year after the process started. The green light from the Panamanian authorities came two weeks ago. The Representative Office will serve as ...
62. Dirty Diamonds in Panama
By Samuel Logan for ISN Security Watch - Leaders from the global diamond trade met in Panama City on 13 October to persuade President Ricardo Martinelli to establish a tax-free zone for Latin America’s first regional diamond exchange. The lobbyists won over Martinelli, who by 19 October had publicly committed ...
63. Panama Cost of Living Series - Fourth Report ...
By DON WINNER for Panama-Guide.com - Here's the fourth installment on my series of reports on the "real" cost of living in the Republic of Panama. All of these reports are based on actual input from Panama-Guide.com readers. The goal of these reports is to provide readers to real, no ...
64. Mexican Company FEMSA Has Purchased Estrella Azul
The Mexican beverage company FEMSA has acquired the Panamanian company Estrella Azul. La Estrella learned the commercial transaction was for about $220 million dollars. Until now this economic operation has been maintained in total secrecy, and although some sources confirmed, they refused to give any kind of explanation. This is ...
65. ITBMS Tax Increases from 5% to 7% - ...
In Panama the ITBMS tax will be increased from 5% to 7% effective tomorrow, 1 July 2010, and Alberto Vallarino, the Minister of Economy and Finance, said this tax provides and will provide a "big universe of benefits." The implementation of this tax increase coincides with the date of the ...
66. It's Official - America Now Enforces Capital Controls
Submitted by Tyler Durden - zerohedge.com - It couldn't have happened to a nicer country. On March 18, with very little pomp and circumstance, president Obama passed the most recent stimulus act, the $17.5 billion Hiring Incentives to Restore Employment Act (H.R. 2487), brilliantly goalseeked by the administration's millionaire cronies ...
67. Citigroup to Buy Grupo Cuscatlan's Bank for $1.51 ...
By Justin Baer (Bloomberg) -- Citigroup Inc., the biggest U.S. bank, agreed to buy the financial-services assets of Corporacion UBC Internacional SA's Grupo Cuscatlan for $1.51 billion in cash and stock to extend its reach to Central American consumers. Grupo Cuscatlan operates banking, pension and insurance businesses in El Salvador, ...
68. Panama's banana planting needs $50 mln to overcome ...
PANAMA CITY, Oct. 14 (Xinhua) -- Panama needs about 50 million U.S. dollars to recover its banana production, authorities said on Wednesday. Roberto Santamaria, director of the National Banana Department of the Panamanian Farming Development Ministry (Mida), told local daily "Panama America" that about 15 to 20 million dollars were ...
69. And This is Why You Can't Just Run ...
I happened to be in the Sala Civil of Panama's Supreme Court this afternoon, and I ran into a public announcement in the case of HSBC vs. Peter Gordon. According to the case file (which I read) HSBC is suing Peter Gordon for $5 million dollars in a civil case, ...
70. Panama's Economy Grew at 9.5% in 2007 - ...
ECLAC - During 2007, Latin America and the Caribbean sustained a favourable economic situation that allowed for growth in nearly all the countries of the region. Despite the deteriorating external financial context over the second half of the year, the region's gross domestic product (GDP) will have grown by 5.6%, ...
71. USA Firms Invest $143 Million to Build Biodiesel ...
(Source) Two companies from the United States will be investing more than $143 million dollars to upgrade palm oil production facilities in Barú. The program began on Friday and includes a process of modernization of their production facilities and the construction of a new extraction plant which allows for the ...
72. Americans Living Abroad Get a Nasty Tax Surprise
By KEITH BRADSHER and DAVID CAY JOHNSTON: HONG KONG, May 29 — In an effort to raise revenues, tax writers in Congress added a last-minute provision that retroactively increased taxes for Americans living abroad. But the sudden imposition of new taxes has surprised overseas taxpayers, and it has employers concerned ...
73. Basic Information about Panama and its people
Here's some really basic demographic information, taken from a recent poll.
74. Fitch Affirms ICA Panama's Corredor Sur Toll Road ...
CHICAGO--(BUSINESS WIRE)--Fitch Ratings affirms a the 'BBB' rating to the US$150 million fixed-rate notes, originally issued in 2005 on the Corredor Sur road in Panama City, Panama. The Rating Outlook is Stable. The bonds are secured by toll revenue collected on the road pursuant to a concession granted to ICA ...
75. New DGi requirements
Have you seen the new cash registers in the grocery store yet? Do you have a business operating in Panamá? You probably have to get one. If you are the owner of an entity that is operating a business in Panamá, be sure to contact your Panamanian accountant to learn ...
76. Exports from Panama Top $600 Million
By Gilberto Pérez for La Estrella - In the first five months of the year exports grew 9.6% compared to the same period of the previous year, totaling $633.5 million dollars according to numbers from the General Contraloría of the Republic. In the past two months exports have dropped to ...
77. Startech Environmental Plasma Converters to Be Installed In ...
WILTON, Conn., Jan. 30 /PRNewswire-FirstCall/ -- Startech Environmental Corporation (BULLETIN BOARD: STHK) , a fully reporting company, announced today that on January 26, 2007, its associate, Sicmar International Panama S.A. signed the contract with the City of Chitre, Panama securing the land and the waste contract for a 200 ton-per-day ...
78. ATM Machines
The many ATM machines found all over the capital city have made Panama living much more convenient for folks like me who prefer to have their retirement checks go to a US bank. Where it used to take a minimum of three weeks (15 working days, and Saturdays don't count) ...
79. Panama - 2007 Economic Growth Leader for Latin ...
By Roberto E. Quelne for La Estrella - Panama will lead economic growth in all of Latin America and the Caribbean in 2007 at a rate of 8.5%, according to an economic study of the region conducted. José Luis Machinea, the Executive Secretary of the Latin America Economic Commission (CEPAL), ...
80. Panama: banana shortage due to strike threatens Chiquita
Tholen - The Panamanian union Sitrachilco has paralyse all banana picking activities of Coosemupar as from 06:30 local time today, when no new price agreements have been made with Chiquita, which is the exclusive buyer of Coosemupar and the previous owner of the plantations. The present contract is only in ...
81. The External Revenue Service - Coming To Get ...
By DON WINNER for Panama-Guide.com - The United States government under the administration of Barack Obama has made a strategic decision to come after tax dollars owed by American citizens who live outside of the United States. If you strictly follow the law and file every document as required, and ...
82. Former Army Officers’ Investment Firm Black Knight Group ...
Dallas, TX (PRWEB) July 19, 2006 -- James J. Hickman, West Point graduate and Army veteran, chose to start his professional career in the military out of a genuine desire to make a difference in the world. After years of overseas service with multiple deployments, Hickman became a civilian once ...
83. Problems With Banks And ATMs in Panama
Many users reported a system failure of ATMs yesterday in the evening. The company Telered, in charge of the devices, did not have any direct information on the subject, but the National Bank of Panama (BNP) reported Friday that the Telered service, in charge of all of their ATMs, has ...
84. Moody's upgrades Panama bond to Baa2, positive outlook
NEW YORK (Reuters) - Moody's Investors Service on Wednesday upgraded the government of Panama's bond rating to Baa2 from Baa3, citing better debt metrics and the country's growth prospects. The outlook was also revised to stable from positive, Moody's said in a statement. The upgrade reflects "Panama's ongoing economic dynamism ...
85. Want To Know Why HSBC Has Been Closing ...
By DON WINNER for Panama-Guide.com - Over the past few months I've been hearing more and more reports that HSBC Bank in Panama has been arbitrarily closing bank accounts held by citizens of the United States. When the now former customers asked why their accounts were closed, bank officials usually ...
86. Panama Will Lead Latin America in Economic Growth ...
Panama is the country that will lead Latin America and the Caribbean in the period 2011 - 2015, according to the International Monetary Fund (IMF) at its annual meeting held in the United States. The IMF report says that while Paraguay, Uruguay, Peru, Argentina and Brazil will keep their economies ...
87. Confusion Over Application of ITBMS Tax for Prepaid ...
By DON WINNER for Panama-Guide.com - In the Republic of Panama the "ITBMS" tax was raised from 5% to 7%, effective 1 July 2010. This tax, known as the " Impuesto a las Transferencias de Bienes Corporales Muebles y la Prestación de Servicios" (ITBMS) (Tax on the Transfer of Movable ...
88. Cost of Living in Panama - Based On ...
By DON WINNER for Panama-Guide.com - I've received enough input from readers to write the third installment of my series of reports on the cost of living in Panama. The goal of this series of reporting is to present the true and accurate monthly living expenses of families who are ...
89. The Key Issue - Does Your Panamanian Corporation ...
By DON WINNER for Panama-Guide.com - I just had a conversation with Carlos Neuman and Gonzalo de la Guardia of the Panama Relocation Attorneys regarding this tax issue. To make a long conversation short, they are basically of the opinion that most foreigners who own a property that's listed as ...
90. IRS modifies FATCA Implentation - Again
The IRS Announcement 2012-42, dated 24 Oct 12, defers the implementation timelines for withholding agents and foreign financial institutions to complete due diligence requirements of the HIRE Act. The financial institutions will have until 1 Jan 2017 to start withholding taxes from US taxpayers’ investment gains and until 1 Jan ...
Current Tides for BalboaClick Here for a very nice real-time visual representation of the current tides at Balboa, near the Pacific entrance to the Panama Canal. The small "cross" marks the current tide level.
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