Panamá Pacífico, home to multinationals, welcomes nine companies a month

The expansion plans for the Panamá Pacífico special economic area are advancing rapidly in 2012.

At present, Panamá Pacífico has 120 foreign companies in its office complex and the manager, Olmedo Alfaro, reckons that nine more are arriving on average each month.

"What Panamá Pacífico offers is very basic," Alfaro said. "The government waives taxes in return for providing employment."
 

Original source (in Spanish): La Estrella