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Home Panama First Impressions Todays News - Panama

Todays News - Panama

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 A new feature - Todays News in Panama  - a brief summary in English of what Spanish newspapers in Panama are reporting today - brought to you by Rainer Tunon, Cinema Paradiso in Casco Viejo

Local News

Economy grows 5.6%
All indications are that economic growth estimates
made by the Ministry of Economy will be fulfilled. Between
January and September 2010, the Panamanian economy
registered a cumulative rate of 5.6% growth, according to a
report prepared by the Comptroller General. The economy
minister, Alberto Vallarino, predicted that 2010 will close
with a growth of 7%. (La Estrella)

Canal will provide B / 814.6 million in 2010
Panama Canal Authority will provide the National
Treasury B/. 814,678,475.03 in surpluses. This was
determined yesterday the board of an entity after a regular
meeting they approved the financial statements audited by
Deloitte. (La Prensa)

Government defends tax treaty
The minister of finances Alberto Vallarino came out in
defense of tax agreement noting that it allowed into the
White List of the OCDE, which will attract large investments
in Panama, including the financial sector. By signing this
agreement, Panama will be just two of at least twelve
conventions required by the OCDE to bring a country from its
list of tax havens. (La Prensa)

Beer 5 cents increase
The bottle of beer could increase their price by 5
cents so that the government can raise 30 million Dollars to
meet an increase in pensions for retirees. The alternative
of the new tax also extends to the rum and whiskey. Although
only a proposal, the idea has alerted the industry. (La

Telephone interventions mess corrals Uribe
Colombian former president, Alvaro Uribe, came to
Panama to give a lecture sponsored by INCAE. The
consequences of the wiretapping scandal conducted by the
Colombian Administrative Security Department, commonly
referred to as the scandal of punctures, followed the former
president to our country. (La Estrella)

Relatives of ex president Perez Balladares should

The wife, daughter and son of Ernesto Perez Balladares
will have to testify in the trial of former president, for
allegedly committing the crime of money laundering. The
ninth judge criminal, Diego Fernandez, ordered to make
affidavit to the former first lady, Dora Perez Balladares,
the couple's daughter, Isabella and her husband, Enrique
Pretelt Arauz. (La Prensa)

Mulino admits border faults
Security Minister, Jose Raul Mulino, said that Panama
and Costa Rica need to establish a binational commission to
meet its border. He acknowledged that there Paso Canoas what
he called a "little Tijuana" by passing drugs, contraband
and illegal. Mulino said he expects the early formation of
this committee. (Panama America)

Government pay to workers who went on strike
5,400 banana workers in seven companies of Bocas del
Toro who went on strike during the riots of July will
receive the payment of wages ceased to receive. The
companies refused to pay these days and argued that workers
could not work for the riots that took place. The Government
agreed to pay these salaries, amounting to B / 428 000.
(Panama America).

Uncertainty proposed privatization of the postal system
Government Minister Roxana Méndez, did not rule out
the possibility of privatizing the Postal and Telegraph and
said they are considering options such as creating a joint
venture. The State Postal Service is well below what it
should be. Private companies dominate the market and are not
regulated. Meanwhile, officials do not want to get out of
hand. (La Estrella )






Last Updated on Friday, 26 November 2010 18:15  
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