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Fuente: ETESA

ENGLISH


Economy

Fund loses value

  The performance of the Fund for Social Development fell about 1 percent between March 2008 and March 2009 due to falling interest rates at the international level. The fund's gross return was 7.24 percent in March 2008, and 6.09 percent in March 2009. In actual dollars, the fund will earn an estimated $12.6 million less this year than last year. The fund also saw the amount of its capital decrease by $2.7 million due to decreases in the value of its investment holdings. This loss is classified as "unrealized" because the fund's investment managers have not sold ......


Economy

Proposed OECD deal called unfair to Panama

According to Chamber of Commerce President Aldolfo Linares, Panama should resist pressure to sign a treaty with the Organization for Economic Cooperation and Development (OECD) to exchange tax information- Linares said that unlike a previous treaty Panama signed, which addressed the issue of double taxation, the current proposal does not have any benefit for the country, and would harm its financial services industry. Panama is considering signing the agreement so that it can avoid being ...

Economy

Former minister eyes hotel business

Former Minister of Tourism Rubén Blades, in an interview with a television station, announced that he is planning to invest in the hotel business. Blades, a noted singer and actor, is currently out of the country and preparing for a return to performing. But he also said he is eyeing the hotel business, though he declined to identify either the company he is looking at investing in nor the location that they would build in Panama. He did, however, say that the chain specializes in ...

 

 

 


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