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Sunday, August 19 2018 @ 02:35 AM EDT

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151. New Pineapple Cultivation in Veraguas
The 52 members of the Agricultural Producers Association of Quebrada de Oro in the Sona district of the province of Veraguas never imagined that after a year of hard work, they themselves would be amazed at the quality of the product obtained with the cultivation of the pineapple fruit that ...

152. Panama Finalizes Tax Treaty With Spain
After four rounds of intense talks with the economic authorities of Spain, Panama concluded negotiations for a treaty to avoid double taxation, in order for Spain to stop considering Panama to be a "tax haven". Deputy Minister of Economy and Finance, Frank de Lima, said that with this agreement Panama ...

153. Panamanian Government Cracking Down on Tax Dodgers
Zero Hour Approaches. Panamanians are about to feel the effects of the new income tax law, known as the Alternative Calculation of the Income Tax (CAIR). When debate over Law #6 began, business leaders argued it would force some companies to close. The Panamanian national government, particularly the Minister of ...

154. Strong Growth in Economy, Labor, and Wages
By Marianela Palacios Ramsbott for La Prensa - Panama, according to the Economic Commission for Latin America and the Caribbean, will lead economic growth in the region for the second consecutive year in 2008. That strong performance has caused a considerable reductions in unemployment and increases in wages. These changes ...

155. Chiquita Hangs Up Panama Bananas
Panama, Aug 16 (Prensa Latina) Independent Panamanian banana growers are without funds Wednesday after the much criticized decision by US transnational Chiquita to cut banana purchases again. The company reduced banana purchases by another 30 percent this week, justifying it with saturation of the European market. In less than a ...

156. USTR and Pedro Miguel Gonzalez
By DON WINNER for Panama-Guide.com - I just got off the phone with Kent Shigetomi who works for the office of the United States Trade Representative (USTR). The USTR is an agency of over 200 people, a highly committed group of professionals who have decades of specialized experience in trade ...

157. Banistmo to pay up to US$146mn for majority ...
Central America's largest financial group, Panama-based Grupo Banistmo, has announced it will pay up to US$146mn for a majority stake in El Salvadorian banking group Inversiones Financieras Bancosal. Banistmo will acquire 51-60% of Bancosal through a public tender offer, which must be approved by regulators in Panama and El Salvador, ...

158. Panama - Now Officially a "Melon Republic"
By DON WINNER for Panama-Guide.com - For the first time in decades bananas are not the #1 export in Panama. In 2007 Panama exported more than $115 million dollars worth of melons according to numbers recently released by the Nation's Comptroller, pushing the $111 million dollars worth of bananas to ...

159. Getting Money Out Of An ATM Is Now ...
By DON WINNER for Panama-Guide.com - According to Caterina Duarte, the Marketing Manager for Telered S.A, the company responsible for connecting banks through ATM machines, there are still some problems with an "upgrade" to software deployed yesterday. The company made what she called a "unilateral business decision" to start charging ...

160. GDP: Panama Best, Mexico Worst
Latin Business Chronicle - Panama will continue to have Latin America's highest economic growth, while Mexico will have the lowest, according to a Latin Business Chronicle analysis of new data from the International Monetary Fund (IMF). All in all, Latin America is expected to increase its GDP this year by ...

161. How Not To Invest in Panama - Dump ...
By DON WINNER for Panama-Guide.com - Received today via email: "Hey Don alot of foreign investors want to come to Panama and most of them the first thing they think is real estate and dump trucks. Dump trucks because of the expansion project of the Panama Canal. However once people ...

162. Holy Crap! You Might Owe Panama Thousands of ...
By DON WINNER for Panama-Guide.com - Recently a potentially explosive issue has come to my attention. Panama passed Law Number 5 of 11 January 2007, and according to that law it's very possible every foreigner who owns property in a Panamanian corporation has to pay a tax equal to 2% ...

163. Americans Working Overseas May See Big Jump in ...
By Tom Herman, Wall Street Journal May 20, 2006; Page B4: Many Americans working abroad may be hit with significantly higher tax bills under the new tax law signed Wednesday by President Bush. In some cases, high-paid expatriates could owe tens of thousands of dollars in additional taxes. Among those ...

164. 30 Businesses Close in Bocas del Toro
By Manuel Luna G. for La Estrella - Labor strikes, legal litigation, and little profits have forced thirty companies to close in Bocas del Toro, increasing unemployment. The alarm was raised by the President of the Board of Commerce of Bocas del Toro Venancio Caballero, who is alarmed by the ...

165. Panama To Negotiate Free Trade Agreement With Colombia
.autotagframe1 { float:right; padding:5px; width:210px; border: silver solid; border-width: 1px; text-align:center; } Panama's Minister of Commerce and Industry, Roberto Henríquez TVN Noticias - The governments of Panama and Colombia announced on Wednesday that next January they will begin negotiations on a free trade agreement to increase trade and economic integration ...

166. El Metro de la Ciudad, S.A. of Panama ...
WOODRIDGE, IL (January 11, 2011) - El Metro de la Ciudad, S.A., located in the city of Panama, in the Republic of Panama, purchased a two tower, one folder TENSOR GROUP, INC. semi-commercial press, equipped with UV capability. The T-400BE press is scheduled for installation in the first quarter of ...

167. Two HSBC clients sentenced in U.S. for tax ...
By Kevin Gray MIAMI (Reuters) - A father-and-son team of Miami-based property developers was sentenced to 10 years in prison on Friday for failing to report more than $49 million of income in a case that marked the first trial since the start of an intensified U.S. crackdown on offshore ...

168. IRS Intensifies Global Hunt for Secret Offshore Bank ...
By Ryan J. Donmoyer Oct. 15 (Bloomberg) -- The IRS is intensifying its hunt for secret offshore banking, opening offices in Beijing, Sydney and Panama City after more than 7,500 Americans revealed undeclared accounts in 70 countries on six continents. Internal Revenue Commissioner Douglas Shulman said yesterday Americans coming forward ...

169. Timber Investments in Panama
By Beth Anderson for Nu Wire Investor - A tropical teak forest situated on the sunny shores of Panama can provide investors 15 to 20 percent returns on profits from timber and carbon credit sales through companies that offer a selection of investment options. Most timber investment companies in Panama ...

170. American Chamber of Commerce & Industry of Panama
The American Chamber of Commerce & Industry of Panama's webpage contains valuable information for anyone operating a business in Panama.

171. Panama's debt ratings and outlook supported by dynamic ...
MUMBAI (Thomson Financial) - Moody's Investors Service said Panama's 'BA1' foreign-currency government bond rating and stable outlook are supported by a dynamic service sector that has served to shield the economy from the volatility observed in other countries in the region, and by a favourable debt profile. 'The strong performance ...

172. Panama Banana Growers Demand US Chiquita Brand
The US transnational company Chiquita s decision of cutting banana purchases is provoking Tuesday strong losses for independent Panamanian growers, who are suing the enterprise end its monopoly. According to authorities, since the reduction of purchases two weeks ago, banana growers lost some $400,000, which represented some 110,000 crates of ...

173. Panama: A Bubble Waiting to Burst
(Source: Latin Business Chronicle) Guest Commentary by Walter Molano: Panama is a speculative bubble waiting to burst, that is why the government is trying to keep all sharp objects out of the way. Panama is booming. The economy is growing more than 6 percent y/y, with the possibility of exceeding ...

174. Bladex Reports Net Income of US$11.2 Million for ...
PANAMA CITY, Nov. 13 /PRNewswire-FirstCall/ -- Banco Latinoamericano de Exportaciones, S.A. BLX ("Bladex" or the "Bank") announced today its results for the third quarter ended September 30, 2006. Banco Latinoamericano de Exportaciones Announces Third Quarter 2006 Earnings * Net Income for the third quarter totaled US$11.2 million, up 26% from ...

175. Following G20 OECD delivers on tax pledge
OECD.org - Following the G20 meeting and communiqué , the OECD Secretariat has provided a detailed report on progress by financial centres around the world towards implementation of an internationally agreed standard on exchange of information for tax purposes. The report available here consists of four parts: jurisdictions that have ...

176. Thunderbird Resorts Inc.: Update on Panama
PANAMA, REPUBLIC OF PANAMA -- Thunderbird Resorts Inc. reports the following: PANAMA - It was reported on 18 December 2009 that the Group and Merit Gaming, LLC ("Merit") had executed a letter of intent for the purchase and sale of the Group's 63.63% ownership stake in International Thunderbird Gaming (Panama) ...

177. CAFTA-DR Could Open New markets for Florida
By JAMES THORNER: Out by the railroad tracks on Tampa’s Adamo Drive, Calvin Reed’s factory hisses and hums with steelworkers making girders and storage tanks. Heavy industry like steel is supposed to be dying domestically, the victim of cheap foreign labor. Don’t tell that to Reed and his 150 employees. ...

178. Pronto Cash Did Not Send Monthly Reports To ...
Pronto Cash, the financier that issues a "financial card" that operates similar to a debit card, allegedly violated Article 7 of Law 81 of 31 December 2009, according to a senior official of the Ministry of Commerce and Industry. This law protects the rights of users of credit cards and ...

179. Panama FTA: Uncertain Fate
Latin Business Chronicle - The delay in holding a U.S. congressional vote on the Colombia free trade agreement has also delayed the Panama free trade agreement, experts say. "It’s unlikely...that the Panama agreement would be moved ahead of the Colombia agreement," says Eric Farnsworth, vice president of the Council of ...

180. Balboa - Fastest Growing Port in Latin America
BY JOACHIM BAMRUD: Thanks to a strong increase in trade with the United States and China, the port of Santos has dethroned Colon in Panama as Latin America’s top container port, according to a Latin Business Chronicle analysis of data from the UN Economic Commission for Latin America and the ...