Prensa Latina reports on recent recovery of cash from Operation Blue Apple. The Public Ministry (MP) ordered the seizure of illegal money in local banks, as part of the most recent corruption scandal in Panama, known as Blue Apple, said today the local media. According to the newspaper La Prensa, the 6th Anti-Corruption Prosecutor’s […]
With IDB financing, renovation works will be carried out on the National Theater, a museum, fortifications in Portobelo and San Lorenzo and in national parks. From a statement issued by the National Economic Council (CENA): The CENA has issued a favorable opinion on two projects for loan contracts for the sum of 107 million dollars […]
By Isis Almeida (Bloomberg) — Cryptocurrencies are making inroads into food commodity trading. The first freight deal settled in Bitcoin was executed last month on a vessel carrying wheat from top shipper Russia to Turkey, according to Prime Shipping Foundation, the venture behind the transaction. The consignment was part of pilot testing of Prime Shipping […]
Jessica Ramesch at International Living offers her perspective on what to do when visiting Panama. There’s so much to see in Panama, from ancient volcanic sites to pristine islands that look untouched by humankind. You’ll find hiking trails, hidden waterfalls, rare species, and there will always be more to explore. About the size of South […]
Panama is taking a brave step in banning plastic bags. Cost of biodegradable bags are higher and I am not sure how they will enforce this new law but still, it is a step in the right direction. As of January 19, supermarkets, pharmacies and retailers have 18 months to stop using plastic bags, and […]
My friend John Hampton celebrates Summer here in Chiriqui with a great video of Barqueta Beach. Enjoy!
John Hampton produced an excellent piece on the Boquete Flower & Coffee Fair, Chiriqui, Panama which ended this week. In excess of 145,000 people visited the festival this year, swamping our little village of 25,000 residents! Enjoy the video. Excellent job John
Curt Anderson, a legal affairs writer at ABC news covers the recent events for out ex President. It is evident that this will drag on for some time. A Miami federal judge on Tuesday upheld the extradition request for former Panama president Ricardo Martinelli to face political espionage and embezzlement charges in his home country. […]
Panamanian prosecutors are investigating a network of over 30 people that includes former high-level officials suspected of taking bribes worth $40 million between 2011 and 2012 for public works projects, Attorney General Kenia Porcell said on Monday. The so-called “Blue Apple” probe began three months ago, and is investigating alleged acts of corruption, money laundering […]
Panama, a popular tax haven that was in the eye of data leak storm dubbed “Panama Papers” in 2016, has finally signed an international agreement that would pave the way for exchange of financial account information with the international community. By signing this agreement — CRS Multilateral Competent Authority Agreement (CRS-MCAA) at the OECD headquarters […]