Panamanian farmers will have $4 million a year available to use to increase the inventory of cattle to 2 million head in 2019.
An article on Panamaamerica.com.pa reports that "...Ranchers have set a target to achieve, by 2019, some 2 million head of cattle, because the inventory has been reduced due to the effects of El Niño. "
"... Last week the government pledged to allocate $4 million a year to meet the goal of reaching 2 million breeding stock of cattle in the country, in order to eliminate the slaughter of heifers and young cows."
The government projects that the Panamanian economy will grow at an average annual rate of 6.3% over the next five years.
From the Ministry of Economy and Finance:
The Cabinet Council gave its approval to the Ministry of Economy and Finance (MEF), of the Medium Term Fiscal Framework 2017-2021, as set out in Article 18 of Law 34 of 2008, better known as Fiscal Social Responsibility Law.
The plan is to implement longer terms in contracts and release energy and power demand from large customers.
The Energy Plan 2015-2020 presented by the National Secretariat of Energy in Panama is broken down into two main parts: first, the Short-Term Operational Plan 2015-2019, where proposals for the period are detailed, and second, the National energy Scenarios Plan 2015-2020, including projections of fuel prices and other energy sources and demand estimates, expected changes in the energy matrix and the future role of private companies in the energy system.
The bridge building project which has been on paper since 2005 has been resurrected, with the announcement that the documents needed to tender the construction will be ready in March and the works will start in June.
Eleven years and half a dozen Panamanian and Costa Rican presidents have tried to put out to tender the construction of the bridge over the Sixaola river on the border between Costa Rica and Panama. Extreme bureaucracy, unenforceability and unfulfilled political promises surrounded the project which now has a new contract announcement.
The organization has rejected Panama's attempt to implement automatic exchange of tax information using a different system to the standard used by the organization.
The General Secretariat of the Organisation for Economic Co-operation and Development (OECD) understood the proposal put forward by Panama to exchange tax information through bilateral agreements as moving away from its commitment to the model adopted by this organization, and has once again included the country in the gray list alongside Bahrain, Nauru and Vanuatu, which have so far not announced their adherence to that model.
A bill aims to create a special tax regime, labor and migration incentives for maritime financing institutions and firms carrying out financeable projects.
The Cabinet of the Government of Panama decided to authorize the Minister of the Presidency to propose to the National Assembly, a bill which would create a special regime with incentives in tax, labor and migration incentives for financeable maritime institutions and firms carrying out projects and other provisions.
The government of Colombia has announced it will appeal over the WTO ruling in favor of Panama in the conflict over the imposition of mixed tariffs on imported textiles and shoes from the Central American country.
On 27 November, the WTO ruling confirmed that the measures taken by Colombia, in establishing mixed tariffs on textiles and footwear, violate the country's commitments to the organization.
The government has filed a request for entry as an observer to CARICOM and has proposed to the Caribbean block the start of negotiations for a free trade agreement.
The negotiation of a trade agreement with the bloc would increase the exchange of agricultural and manufactured goods, and improve the position of Panama as a logistics hub and tourist destination among the Caribbean countries.
At the one year anniversary of government of Juan Carlos Varela entrepreneurs are taking stock of his management recommending a better relationship with the private sector and the modernization of the education system.
From a statement issued by the Chamber of Commerce, Industries and Agriculture of Panama (CCIAP):
The early termination of the contract comes just three months after the company AES Panama began the tests to begin connecting the barge's electrical system .At the request of Egesa, the Varela administration approved the cancellation of the contract, invoking Article 73 of the Public Procurement Law 22, which allows "... the unilateral termination of contract in the public interest."
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