The Panama Canal will end the 2009 fiscal year with a 10 percent increase in revenue compared with 2008, despite the global economic crisis, said Canal Authority Manager Alberto Alemán Zubieta.
PARIS, Sept 28 (Reuters) - French bank BNP Paribas (BNPP.PA) is to close subsidiaries located in countries on the OECD's "grey list" of nations which have not fully implemented global tax standards.
Panama still on OECD "grey list".
UPDATE. Panama remains in the "gray" of the Organization for Economic Cooperation and Development (OECD), which yesterday issued a report showing recent progress in implementing standards of transparency and exchange of tax information. Among the Central American countries, Costa Rica and Guatemala went up to the "gray list", which also includes Chile and Uruguay. Switzerland is another country that has managed to change category.Panama agrees to host two U.S. naval bases
Panama will sign before October 2009 a treaty with the United States on the opening of two U.S. naval bases on its territory, a senior Panamanian government official said on Sunday, RIA Novosti reported.
With regards to the potential signing of a security agreement between
Panama and the United States (U.S.) to combat drug-trafficking in the
region, Vice-President and Foreign Minister Juan Carlos Varela denied
the claim made last Saturday by Minister of Interior and Justice José
Raúl Mulino, that U.S. naval bases would be installed in Panama.
Plans for the new international airport will be completed in the next days. Its first stage will require an investment of $40 million.
PANAMA CITY, Sept 28 (Reuters) - The Panama Canal Authority said on Monday it awarded Belgian firm Jan de Nul NV an $89.6 million contract to dredge the canal's Atlantic entrance as part of a $5.25 billion expansion of the canal.Panama to Get New Direct Flights From Major U.S. Cities
PATAGONIA, Chile -- During our coverage of TravelMart Latin America 2009, Travel Agent learned that Panama is roughly three weeks away from announcing new, direct Copa Airlines flights from New York, Los Angeles and Miami. The flights will be Copa’s first direct flights from those cities to Bocas del Toro, Panama, says Fernando E. de Leon de Alba, deputy general administrator for the Authority of Tourism of Panama.