Over 1.2 Million Vehicles in the Country

There are 1,221,999 registered vehicles in Panama, according to recent Transit and Ground Transportion Authority figures. Of those, 925,145 vehicles or 75% are registered in the provinces of Panama and West Panama, followed by 9.75 percent in Chiriqui and 3.82 percent in Colon. Home to approximately half of a total population of an estimated 4 million, the traffic-congested Panama and Panama West therefore register almost…

2016 Panama Meat Production Report

Pork and chicken production in Panama has increased since last year, but livestock production is down. During the first nine months of 2016, 384,895 pigs were slaughtered, which is 8.6 percent or 30,507 more than in the same period of 2015. Nearly all pork production in Panama comes from technological farms – mostly in Las Tablas,…

Casco Viejo Tax Break Extension on Table

The National Assembly will consider a two-year extension of the tax benefits granted to investors who develop projects in Casco Viejo. The previous law passed in 2013, which provided for preferential mortgage loans, 30-year property tax exemptions, five year exemptions from transfer taxes and exemptions on construction equipment and material- has expired. The benefits are available only to projects of…

Panama is a Peaceful Country

Panama was the most improved country on this year’s Global Peace Index, jumping up 24 spots to number 49 of 163 countries. The improvement was mostly attributed to a decreased likelihood of violent demonstrations and political instability and the reduction in military expenditure as a percentage of GDP as well as in the volume of imports of major conventional…

Jaguars Deaths Increasing in Panama

Twenty-six jaguars have died so far this year in Panama according to Ricardo Moreno, research associate at the Smithsonian Tropical Research Institute (STRI) and Director of the Panama Yaguará Foundation. The biologist presented his findings at the recent Congress of the Mesoamerican Society for Biology and Conservation in Belize, adding that 23 jaguars were killed last year…

More Starbucks are Coming

Starbucks Coffee Company will open its fifth and sixth stores in Panama by the end of October. The Seattle-based multinational, which has over 24,000 retail locations around the world, opened its first Panama shop on August 6 of last year in Street Mall, a new shopping center across the street from Multiplaza Mall. Since then, additional Starbucks have opened…