Firm at the center of controversy over tax evasion cites economic and reputational damage in announcement. A Panamanian law firm at the center of the Panama Papers scandal has announced it is shutting down. The directors of Mossack Fonseca blamed the economic and reputational damage inflicted by its role in the global tax evasion debacle […]
The protests which since the beginning of the year have been held by workers in the Cobre Panama project in Colón have paralyzed work on the power line and the 300 MW thermoelectric plant. The labor dispute that has prevented the project from progressing arose after both parties, the workers’ union and the company Minera […]
The performance of the activities of ready-mix concrete, milling products and alcoholic beverages explains the 2% growth registered by the sector in 2017, reversing the fall reported in 2016. The Trade Union of Industrialists of Panama (SIP) reported that last year the manufacturing sector’s share of GDP was 5.2%, and that the activities which boosted […]
The Government has authorized the import of up to 100 thousand tons of paddy rice, and the deadline to complete the import process will be June 30, 2018. The Panamanian government published a decree in the Official Gazette through which it authorizes the importation of rice, and the total distribution of the quota will be […]
Brazilian farmers in top soy state Mato Grosso signed a memorandum of understanding with the Panama Canal Authority to evaluate ways to cut transportation costs and boost Brazilian grain volumes using the waterway, the authority’s chief administrator said. The canal’s administration is looking to increase its participation in rising Brazilian grain exports, since a large […]
Panama will probably sell so-called Panda bonds this year to take advantage of lower borrowing costs in the Chinese market. After swapping the money back into dollars, the country may be able to trim a quarter or half a percentage point from the rate it would need to pay for an equivalent maturity dollar bond, […]
Lawyers for President Trump’s family hotel business threatened a Panamanian judicial official handling a dispute related to Trump Hotels’ management of a 70-story luxury hotel, according to a complaint filed with the anti-corruption division of Panama’s chief prosecutor. The complaint reviewed by The Associated Press said lawyers from the firm representing Trump’s hotel management business […]
Kevin Hall and Glenn Garvin look into the recent events and how they played out. Seven years ago, when the skeleton of the building that was to be the Trump Ocean Club had risen only 62 of its planned 70 stories, one of the developers gestured to it grandly and boasted to a reporter from […]
When the sun starts to set in George Town, bathing the colonial buildings in orange and pink, we step out into the street to hunt for dinner. Visitors to Penang never just have dinner; they hunt it, as if the meal were hiding in some darkened nook, guarded by a grey-haired auntie frying noodles. We […]
Meet the 93-year-old Woman Behind New Orleans’ Best Fried Chicken Beignets and po’ boys may be the first foods that come to mind when you think of grabbing a bite in the Big Easy, but there’s a quintessential (though perhaps less widely known) dish you definitely don’t want to miss: the fried chicken. Specifically, we’re […]