July 15 will see the opening of the registration process for banks to comply with the Law on tax compliance for accounts abroad, adopted in 2010 by the U.S.
This law will affect banks' relations with the so-called "U.S.
In Panama, greater economic dynamism and international prices have pushed inflation up.
With an economy growing at a pace such as Panama’s, it's normal that prices tend to rise, especially in an international context of high raw material prices.
Although it was not planned in the agenda of the new administration, outside pressures have focused attention on labor reform.
The evidence that the process of this reform has started are the four decrees on labor regulations that were issued by the departing administration.
The loan conditions from the World Bank, demands from the United States, and compliance of the commitments adopted with the International Labour Organization are listed as the reasons that that it is critical to adopt necessary adjustments to labor regulations.
In February 2009, economy activity slowed to growth rate of 2.59% with respect to the same month in 2008.
The Panamanian economy showed the most growth in Latin America over the past two years, but experts predict that growth will drop to around 3% this year.
Prensalibre.com published: "Reports by the State showed that construction starts fell in April and this is increasing fears of a rise in unemployment, which for now remains at levels close to its historical low."
Even though the public debt has gone up $383 million so far this year, all seems to indicate that this increase could be reversed by the close of this year.
Some private sector analysts are betting that the total will decrease.
"During the first semester of the year, the Government received close to $500 million more that what was budgeted and therefore can reduce the debt using those funds.
O4Bi is a system that allows to control and manage what a company needs: the complete process of development of works, accounts receivable, treasury, banks, sales and accounting.
O4Bi is a very robust system that allows to control and...
español
1840