From South to North, OBG’s ever expanding coverage continues in The Americas. Economic and investment reports are regularly published on Argentina, Colombia, Mexico, Peru, Panama and Trinidad & Tobago.
Panama
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For the past decade Panama has registered impressive economic growth. According to the World Bank, GDP growth averaged 6.8% from 2000 to 2012, while government figures show double-digit growth for four of the past seven years. Economic development has been fuelled by heavy public sector spending on infrastructure, particularly the $5.25bn expansion of the Panama Canal, which should ensure long-term growth.
In addition to an article on the expanding domestic film industry in Panama, this chapter contains useful tips for business and leisure travellers, including hotel listings and contact information for ministries, embassies and more.
Chapter | Legal Framework from The Report: Panama 2014
Recent economic, social and infrastructure developments have brought along changes in key legislation. This chapter provides an overview of current legal changes, highlighting areas such as business licences and employment contracts, as well as intellectual property protections and rules and regulations for maritime firms and vessels. In addition, it features a viewpoint from Francisco González-...
The tax chapter provides an overview of the Panamanian tax regime, highlighting accounting and reporting procedures as well as the main types of taxies levied. This chapter also provides a look at international agreements and the establishment process for various types of firms, and features an interview with Carlos Karamañites, Partner, KPMG Panama.
At the height of its economic success, Panama seems to be seizing the opportunity to expand medical infrastructure. Funding for health in both the public and private sectors is rising along with spending per capita on medical services. Five new hospitals under construction are expected to add 1500 new beds and benefit some 658,000 patients, boosting the quality of health care in areas outside of...