The 10-year and 6-month prison sentence for money laundering handed down last July against former Panamanian president Ricardo Martinelli (2009-2014) was final this Friday after the Supreme Court of Justice (CSJ) rejected a cassation appeal, the last legal means to invalidate it. The Second Criminal Chamber decided “not to admit the appeal of cassation in the […]
In a historic event for Panama, a loan contract for $40 million has been electronically formalized between the Ministry of Economy and Finance (MEF) and the World Bank (WB). According to Julio Marquínez, Director of Public Finance, these funds will be allocated to the “Consolidation of the Public Finance Management Information System of Panama” program. […]
The Panama Metro moved the first single-rail train destined for Line 3 of the Port of Manzanillo, in Colón, to the Patios and Workshops area, in Ciudad del Futuro, La Chorrera. The entity highlighted that this train, which is part of the project to connect the province of Panama and West Panama, has successfully passed […]
As an ideal destination for sports and water tourism in the region, Panama continues to be projected, and proof of this is the recent celebration of the Panama International Regatta, an event organized by Club Sea Masters Sailing for the second consecutive year, which took advantage of the strategic location of Panama Bay for its […]
The Institute of Scientific Research and High Technology Services of Panama (Indicasat AIP) inaugurated its new Genomics Laboratory, the result of a cooperation agreement with the National Secretariat of Science, Technology and Innovation (Senacyt). This laboratory, equipped with state-of-the-art technology, will strengthen the country’s ability to carry out scientific projects based on DNA analysis. It […]
The electricity distribution company Naturgy Panama, announced that it will make an investment of US$630 million aimed at strengthening and modernizing Panama’s electricity distribution system in the next four years. In a statement, the distributor explained that the funds will be allocated mainly to quality projects and maintenance of the existing network, as well as […]
According to that report, the isthmus loses about 165 million dollars in direct taxes, since the country enters 15 monthly containers of cigarettes to local ports, which has become a problem that affects public health, state finances and citizen security. The money generated by the illegal sale of cigarettes goes directly to gangs and organized […]
The issuance of corporate debt and multilateral organizations made in Panama will have access to a broader international market and with greater options to attract investments. The Latin American Stock Exchange (Latinex) announced that access was obtained to Euroclear Bank, a capital market infrastructure and provider of post-trading services, which allows settlement and custody services […]
The General Directorate of Revenue (DGI), of the Ministry of Economy and Finance (MEF), reported that it has implemented a new service called “Verify your Tax Compliance” to make it easier for taxpayers to review their tax obligations on a voluntary basis. Through this button on the official website (dgi.mef.gob.pa), taxpayers can know the status […]
The shipping company ONE-PANAMA (Ocean Network Express) made history by receiving the Fair Logistics Certification from the World Organization of Cities and Logistics Platforms, thus becoming the first international and Panamanian shipping company to obtain this recognition. The delivery of the scrolls was made by the president of the World Organization, Ricardo Partal Silva, who […]