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Panama Corporation
Written on 1 Jun, 2009 at 19:39 in Financial News | viewed times and users have made 0 comments so far
Companies in Panama take advantage of Law 41 Law 41 of 2007 was promulgated to provide incentives for international companies to establish regional headquarters in Panama. Most of the incentives are fiscal based, and pertaining to total exoneration of income... (Continue reading)
Panama Industry
Written on 20 May, 2009 at 20:23 in Financial News | viewed times and users have made 0 comments so far
Panama’s Business Leaders Confident The recent success of Martinelli at the polls in Panama has had media report that the business leaders in Panama are confident of future growth within the region. The country has shown a increase in growth,... (Continue reading)
Banking in Panama
Written on 21 Apr, 2009 at 16:13 in Financial News | viewed times and users have made 0 comments so far
Panama Banking Safe The Panama Bank Superintendent, Olegario Barrelier has confirmed that the Panama banks are in no danger of insolvency, and are neither under any suspicion at all. This is in response to the various inquiries that have been... (Continue reading)
CAF Approves Loan for Panama Banking System
Written on 31 Mar, 2009 at 19:30 in Financial News | viewed times and users have made 0 comments so far
The Andean Development Corporation (CAF) has approved a $210 million loan for the strengthening of the liquidity of the Panama banking system. The funds are to be chanelled through the Banco National de Panama, the state institution that acts as... (Continue reading)
Cane Honey Exports
Written on 27 Mar, 2009 at 18:32 in Financial News | viewed times and users have made 0 comments so far
Cane honey has proven to be an export hit for a family and their business from the Sabana Grande region in Los Santos. The family tried their luck at producing cane honey five years ago and is now paying dividends... (Continue reading)
Economic Growth Slows
Written on 26 Mar, 2009 at 14:44 in Financial News | viewed times and users have made 0 comments so far
Panama’s economic growth slowed down to a growth of 4,9%, compared to the same period in 2008. The economic growth of Panama has been affected by the fact that the global trade and recession problems have resulted in a lower... (Continue reading)
Special Property Tax Stopped
Written on 24 Mar, 2009 at 15:30 in Financial News | viewed times and users have made 0 comments so far
The proposed special tax on properties near the coastal strip has been scrapped, due to the fact that the Government has found other ways of financing the popular Coastal Strip. President Torrijos confirmed that the funding for the construction of... (Continue reading)
Panama signs trade agreements
Written on 20 Mar, 2009 at 14:54 in Financial News | viewed times and users have made 0 comments so far
Panama has signed trade agreements with Guatemala and Cuba within the past few weeks. The Panama Cuba commercial agreement is set to boost bilateral exchange of goods and services over 700 product lines, and provides favorable import duties. The relationship... (Continue reading)
Panama seeks advantage on emerging market debt
Written on 19 Mar, 2009 at 15:21 in Financial News | viewed times and users have made 0 comments so far
Panama has sold over $320 million worth of bonds to mature in 2015, the bonds were sold at 101 cents to the dollar according to Bloomberg data, and will yield 7.04%. The sale of bonds is the reopening of the... (Continue reading)
Panama Banking Safe
Written on 13 Mar, 2009 at 21:52 in Financial News | viewed times and users have made 0 comments so far
The Panama Bank Superintendent, Olegario Barrelier has confirmed that the Panama banks are in no danger of insolvency, and are neither under any suspicion at all. This is in response to the various inquiries that have been flooding the Panama... (Continue reading)
Panama’s 2008 Budget ends in surplus
Written on 11 Mar, 2009 at 22:35 in Financial News | viewed times and users have made 0 comments so far
The 2008 consolidated budget of Panama ended with a surplus equaling 0,4% of the country’s Gross Domestic Product, or $97,8 million. Although the surplus was substantially lower than that of 2007, analysts confirm that it is still a very positive... (Continue reading)
Panama Inflation more doubles up
Written on 11 Feb, 2009 at 20:43 in Financial News | viewed times and users have made 0 comments so far
The inflation rate for Panama measured in at 8,7 percent for the 2008 year, which is more than double the 4,2 percent recorded for the 2007 year. Although the inflation rates reached 10 percent in September, the drop in oil... (Continue reading)