Telesur reports that Eligio Cedeño, a banker given asylum by the U.S. after he fled Venezuela in 2009 due to charges of financial corruption, has shown up in the Panama Papers and this is only the beginning. A journalist with access to the Panama Papers has confirmed that wanted Venezuelan banker Eligio Cedeño’s name appears […]
WOW, this looks like fun!! Actually, light air has descended on the fleet earlier in the week with wind speeds dropping to as little as 0.4 knots. The Clipper Round the World Yacht Race crews set out this week into the North Pacific Ocean to start Race 10, the PSP Logistics Panama Cup. After motorsailing […]
Neil Barofsky, partner at Jenner & Block and former special inspector general for TARP at the U.S. Department of Treasury, examines the aftermath of the Panama Papers and the United States as a tax haven. He speaks with Vonnie Quinn on “Bloomberg Surveillance.” This is a great video.
This is a great article from our President Juan Carlos Varela and it is true that the “Panama Papers” affair will make Panama a stronger, not a weaker place in the world! The ‘Panama Papers’ affair was a reminder that we must hold governments accountable in a networked world The world of my youth—divided by […]
Chuck Bolotin writes in The Street about 5 individuals who represent Panama’s vibrant economy. There are many more great people here and it would take a book to tell all of their stories. Panama hasn’t always been in the news for the best reasons lately, but the country is doing many things right for business, and […]
Sabrina Martín writes in the PaAm Post of Panama’s continued prosperity during a challenged time in the Americas. The entire economy in Latin America and the Caribbean will suffer a 0.5 percent contraction in 2016, while Panama, a small Central American country, is the one that will grow the most as estimated by the International […]
This news is good news for Chiriqui. The government is analyzing a proposal put forward by Del Monte to revive banana production in the area, which would involve an investment of $126 million on the part of the company. The Minister of the Presidency, Alvaro German, told Prensa.com that “… the negotiations with the company […]
Consideration is being given to removing the ceiling of 500 kW in installed capacity for solar power plants producing energy for self consumption. The proposal by the Public Services Authority (ASEP) emerged as a result of the public consultation which was carried out on the rules to generate solar power for self consumption by households […]
The governments have announced the beginning of negotiations to sign a bilateral agreement to exchange tax information which will include an exchange format based on the OECD standard. Varela’s announcement came as part of the visit to Japan to sign a financing agreement worth up to $2.6 billion to build Metro Line 3. The agreement […]