Panama seeks arrest of 2 sons of ex-president in graft case


News from Panama

Prosecutors in Panama are seeking international help in detaining two sons of former President Ricardo Martinelli in relation to an alleged scheme to launder bribes from Brazilian construction giant Odebrecht. The Associated Press obtained on Monday a copy of a request filed by anti-corruption prosecutor Tania Sterling asking for an Interpol red alert against Ricardo […]

February 14, 2017

Taxes on Rental Accommodation in Costa Rica


News from Panama

AirBnb has been very successful in Panama as it is in all parts of the world. Costa Rica just made the service more expensive.  Any taxes collected will come out of the customers pockets. A bill being prepared by the hotel union would force platforms such as Airbnb to pay 13% sales tax and an […]

February 13, 2017

Furniture Market in Central America


News from Panama

Between January and September 2016 the Central American countries as a whole imported a monthly average of $32 million worth of furniture for offices and homes. Data extracted from the report ‘Furniture Market in Central America’, presented by CentralAmericaData’s Business Intelligence Unit: [GRAPHIC caption = “Click to interact with the graph”] Imports by country In […]

February 13, 2017

Panama to Maintain Tariffs Against Colombia


News from Panama

The government has extended, until December 31 this year, the decree from August 2016 that temporarily increases import tariffs for flowers, coal, clinker and clothing. From a statement issued by the Presidency of Panama: The Cabinet has given approval to the extension of Executive Decree No. 001-17 which temporarily increases import tariffs on items such […]

February 13, 2017

Panama Canal Authority assures safety after report on wear


News from Panama

Here is another story on the issues of safety in the Panama Canal operations. The Panama Canal Authority insisted Thursday its new expanded locks are safe and handling increased traffic from the $5.25 billion expansion project inaugurated last June. The statement came a day after The Associated Press, citing captains who navigate the waterway, reported […]

February 13, 2017

Expanded Panama Canal still faces challenges


News from Panama

Loaded with more than 6,000 cargo containers, the ship Ever Living prepared for the final leg of its journey through the newly expanded Panama Canal when things hit a snag: The last of the massive steel lock doors failed to open all the way. The pilots controlling the ship and the captains of the tugboats […]

February 13, 2017

Odebrecht Bribes in Colombia Passed through Panama


News from Panama

An investigation carried out by the Public Ministry of Panama, concerning a ghost company of Odebrecht provided information for the corruption scandal that shakes Colombia, publishes today daily La Estrella de Panama. Last January 24, the seventh prosecutor anticorruption district, Alexandra Vence, asked the Public Registry for data on companies Punto Fa S.A. and Lurion […]

February 13, 2017

Panama: Certification of Organic Food


News from Panama

Panama has finally reached the point where it understands the importance of organic products here. Through a new unit at the MIDA, the government will provide certification, according to international standards, for farms in the country growing organic crops. Besides the option provided by the new Control Authority of Certification of Organic Agricultural Production, which […]

February 13, 2017