españolThe Port that Panama NeedsTuesday, February 20, 2018 Opposition on the part of a port operator and residents in the area is preventing the development of a terminal that would speed up maritime traffic in the Panamanian Pacific and result in lower logistics costs. The opposition that has been expressed by the current operator of the port of Balboa, on top of the legal actions filed by groups of residents, lawyers and environmental organizations, has prevented the ACP's project to build a port in Corozal from advancing. The tender was declared void in March of last year, after having been postponed twice. Panama: List of Those Exempt From Using Tax Printing MachinesTuesday, October 4, 2011 Following the approval of Law 72 of September 27, it is important to verify which are the activities which are exempted from the obligation to use the fiscal printing equipment. An opinion piece in Prensa.com, notes and comments on companies that, in principle, are not required to use computers for billing tax. Puerto La Union: More Time for the White ElephantThursday, October 30, 2014 The Autonomous Executive Port Commission of El Salvador is now considering extending the deadline for pre-qualified companies to complete the consultation process for bidding in the concession. The never ending story continues... More Information Needed on Grand CanalFriday, July 18, 2014 Germans set the record straight: in order to consider investing in the development of the Grand Canal of Nicaragua, much more information is needed than is currently available. An article on Elnuevodiario.com.ni reports that "... Nicaragua and Panama Overcome Border DifferencesThursday, September 26, 2013 "The dispute with Nicaragua is over", reported the Panamanian Foreign Ministry. The agreement came after the president of Panama, Ricardo Martinelli, during his speech at the 68th General Assembly of the United Nations Organization (UN), criticized the intentions of the Nicaraguans in extending their territorial sea. Nicaragua: Businessmen Demand To Remove "Colombia Tax"Monday, July 15, 2013 The so called 'Patriotic Tax' of 35% applied to imports from Colombia is hampering the growth of Colombian investment in the country. After visiting a trade mission composed of mining companies, sanitaryware companies and craft companies from Colombia, Nicaraguan businessmen said the Government should take into consideration that business opportunities such as these generate more investment in the country, therefore they have requested the elimination or modification of the tax on goods and services, assembly and imported manufactured goods from that South American nation. More Complaints Over Balboa Shipyard TenderTuesday, March 20, 2012 Talleres Dry Docks, one of the four bidders, argues that the bid put forward by Astipac, the likely winner, should be rejected for not meeting the required deposit amount. The Public Procurement Directorate (DGCP in Spanish) has received a second appeal by another participant in the tender for the Balboa shipyard, formerly known as Braswell Shipyard. Tax Exemptions for Nautical TourismThursday, February 23, 2012 The proposed new Panama Tourism Act includes incentives for the construction of maritime infrastructure and activities related to nautical tourism. "If the new tourism legislation is approved, companies making a minimum investment of $10 million in construction, equipment and cruise port administration will be entitled to a total exemption for five years on import duties for input materials for the construction of marine infrastructure," reports Prensa.com. Shipping market in crisisMonday, December 1, 2008 Shipping is at an all-time low globally because of the oversupply of ships compared to the amount of products being exported. You can find "sales" not only at the main stores globally due to the Christmas season, but also because of shipping prices. Less than two weeks ago, for example, the Cargill logistics company rented a Capemax type ship from the Japanese Mitsui OSK Lines company on a round trip via the Cape of Horns at the incredible price of $1000 per day. This same route used to cost between $1864 and $2000 less than a month ago. Panama as Seen by the IMF, June 2018Friday, June 1, 2018 Due to the recent strike in the construction sector, the entity has reduced projections of economic growth for this year from 5.6% to 4.6%. <span dir="ltr">However, recovery from the impact of the strike and the entry into operation of a large copper mine will lead to an upward revision of around one percentage point in the growth projection of 5.8% for 2019. Panama Canal: Risk Rating ConfirmedFriday, August 16, 2019 Because of its financial and competitive strength, the rating agency Fitch Ratings confirmed that the risk rating as an issuer of long-term debt is "A", with a stable outlook. The ratings reflect an underlying asset that is critical not only for Panama, but also for international trade, as evidenced by its stable volume performance, solid competitive position and well-diversified cargo mix, the ratings company explained. Radiography of a Large Tourism DevelopmentWednesday, May 21, 2014 The Paradisus Papagayo Bay Resort & Luxury Villa’s under construction in Costa Rica on stabilization of operations would operate as a profitable business, with net income of 35.3% of total revenue. A report by a swiss capital company, SunVesta Inc., published by the United States Securities and Exchange Commission (SEC) reports on the details and progress of the $190 million tourist resort that the firm is developing in the Gulf of Papagayo in Guanacaste, Costa Rica. Company Profile Organization that operates in El Salvador.
Panama Canal Upbeat on the Future; Expansion Work Continues to Move Forward On-Time and On-BudgetMonday, April 27, 2009 CANAL VP BRIEFS SEA ASIA 2009 ATTENDEES ON TRAFFIC PROJECTIONS, ECONOMIC SLOWDOWN AND EXPANSION Thousands of maritime and trade industry professionals joined Panama Canal Authority (ACP) representatives in Singapore this week for Sea Asia 2009 - the world's largest shipping conference. Panama Attorneys Advise European investors forming Private Investment FundMonday, August 2, 2010 Attorneys Lombardi Aguilar Group advised a group of European investors filing a notice of compliance with private investment fund provisions before Panama securities regulators. Panama City, Panama, Jul. 7, 2010 |
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