In the News from Panama
The full impact of the expanded Panama Canal on cruise ship traffic will be evident in the next few months. More than 235 cruises are scheduled to go through the Canal in the 2017-2018 cruise season, which begins in October.…
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The Economic Commission for Latin America and the Caribbean (ECLAC) has upgraded its economic forecast for Panama, confirming its status as the top economy in the region. ECLAC has raised its prediction for Panama’s growth this year to 5.6 percent,…
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Punta Pacifica Realty’s property management department is reporting near-record rental activity in 2017, due to a surge in rentals to multinational clients. PPR, Panama City’s largest property management operation, has rented 18 percent more apartments in the first eight months…
Read moreAfter months of debate, the Panama legislature has approved a radical reworking of the property tax code, which will save many homeowners thousands of dollars a year. The bill, which has been described as “the most important reduction of property…
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