Just minutes ago, at about 3:50 p.m., there was a loud crumbling noise and clouds of dust as a portion of the Hotel Central in Cathedral Plaza collapsed. Fortunately, reports indicate that no one was under the mounds of rock that are blocking the street, and a nearby parked car narrowly escaped destruction. Construction...
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Archive for February 5th, 2010
Casco Viejo’s Hotel Central Comes Down
Tax Reform Could Mean Less Buying, More Inflation
Starting in March, Panama’s Personal Property and Service Transfer Tax (ITBMS) will increase from 5 percent to 7 percent, meaning that the government will rake in an additional $220 million to $240 a year. Vice Minister of Finances Duicidio De La Guardia confirms these numbers, but says that 70 percent of the tax is paid...
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