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Monday, May 20 2013 @ 12:47 PM EDT

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"The Next Government Will Have The Financial Ability To Conduct Their Works"

Money MattersThe Minister of Economy and Finance, Frank De Lima, said that according to projections they have made, the next government will have the financial ability to run public investments for more than 19 billion dollars. (more)

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Bank Utility Drops in $56 Million

Money MattersThe results of the first quarter of the Panamanian Banking System suggest these entities had earned $263 million until March of this year, but this figure is $56 million less than in 2012, when the utility was $319 million. (more)

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Martinelli Will Increase Public Debt To 17 Thousand Million Dollars

Money MattersRicardo Martinelli is; by far, the Panamanian president who has resorted the most to debt contracting for the financing of expenditures. (more)

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Government Recovers Noriega´s Funds

Money MattersThe president, Ricardo Martinelli, announced today the Government of Panama recovered $ 539,343 of the funds held by the former dictator, Manuel Antonio Noriega, and the former Defence Forces in the Bank of Credit and International Commerce (BCCI). (more)

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Struggle In SICOTRAC Causes Delay In Compensation Payment

Money MattersThe internal conflict of the Union of Public Transport Drivers (Sicotrac) has delayed payment of compensation to 100 drivers of the Veranillo transportation lot, including 25 other lots, according to Gabriel Lanza, undersecretary of defense of this group. (more)

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Panama Is No Longer A Tax Haven

Money MattersThe President of Panama, Ricardo Martinelli, said the policies which have been implemented in recent years have allowed their country to stop being considered a tax haven. (more)

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Panama Issued A Global Bond Of $ 750 Million For 2053

Money MattersThe Panamanian Government, today, issued a new global bond in the amount of $ 750 million in the international market, with 2053 as its deadline, and a steady coupon of 4.30% a year, informed an official source. (more)

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Expocomer Has Filled 8,000 Hotel Rooms in Panama

Money MattersThe XXXI 2013 Expocomer that started on Wednesday, 17 April 2013, has generated additional economic transactions for Panama beyond those being completed in this commercial showcase, ranked as one of the largest in the country. (more)

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New Colombia Taxes Screw Panama Colon Free Zone

Money MattersFailing to bill around $300 million, because the exportation of footwear and clothing from the Colon Free Zone to Colombia has been affected, because of the authorities of Colombia raising taxes, according to the Minister of Trade and Industry, Ricardo Quijano.(more)

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State Debt Is Over $ 15 Billion

Money MattersThe balance of public debt in March amounted to $ 15.031 billion, reported by the Ministry of Economy and Finance (MEF), exceeding the amount the institution had foreseen for 2015. (more)

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