The Government included in the national budget of 2012 a capital inflow of $100 million from the sale of land in the Colon Free Zone; it was confirmed by the Minister of Economy, Frank De Lima. However, he also acknowledged that “we do not know how much will be raised in total because they have not made the commercial appraisals of the land.”
The Cabinet approved a draft bill allowing the sale of land to [...]
by Ehrior Sanabria
At the recent Forum “Free Trade, TPC Panama and the United States”, Dr Miguel Angel Clare, representing the Colon Free Zone Users’ Association said the TPC between Panama and the US created a link between the two countries in the Colon Free Zone (CFZ).
The impact of the Colon Free Zone on the development of Panama is an unquestionable reality. This is demonstrated by figures indicating the outstanding importance it [...]
On the first day of its circulation, a German company bought 10,000 pieces of the Panamanian $1.00 coin for collectors’ sets and commercialization in the European market, announced José Ramón Fernández of the State Procurement and Contracting Unit of the Ministry of Economy and Finance.
“Panamanians have not appreciated the success of the one Balboa currency,” said Fernandez, adding that currently, in less than one year of release, the one Balboa coin has sold on [...]