If all goes according to plan, the two balboa coin will soon join the newly minted one balboa coins circulating in Panama. The National Bank introduced the one balboa coins in July 27, 2011 to mixed reviews, and there were more than 22.4 million of a total 40 million in circulation by December 31....
Panama Canal expansion workers have been on strike since Monday to ask for better wages and benefits. ”Work is completely paralyzed, on the Pacific and the Atlantic side,” Saul Mendez, head of the National Union of Workers in Construction and Allied Industries, the largest in Panama, told AFP. They are demanding that basic pay...
Developers and owners of Casco Viejo real estate will be working with updated tax and financial incentives. The incentives, last updated by law in 1997, provide special incentives for restoration and enhancement of the historic district. These, however, expired in 1997 and have been in a bit of limbo since. Once passed by the National Assembly,...
The U.S. Attorney’s Office in Manhattan has filed charges against three Swiss bankers who have been accused of helping American taxpayers hide over $1.2 billion from the Internal Revenue Service. Michael Berlinka, Urs Frei and Roger Keller, who reportedly worked for the Swiss bank Wegelin & Co., face up to five years in prison...
Panama will wrap up the year with 10 percent economic growth, says Minister of the Economy Frank De Lima. He also said this wealth should be better distributed, considering the increased cost of living and a more active consumer society. An increase in the minimum salary has yet to be implemented, but ranges between...
