The Superintendency of Banks has denounced the fact that the entity offering loans and other financial services, has no authorization to do so. From a statement issued by the Superintendency of Banks in Panama: The Superintendency of Banks considers it necessary to inform the public that an entity named “ASOBANK”, which offers to grant loans through advertisements in […]

The Central American waterway saw 1,016 vessels pass through its locks for the month, a year-over-year increase of 7 percent from April 2016, according to data from the Panama Canal Authority. The Panama Canal in April 2017 saw vessel transits increase 7 percent to 1,016 ships compared with the same 2016 period, according to the […]

After landing nonstop flights to Iceland and Frankfurt, Pittsburgh International Airport is turning its eye south to Panama. The Allegheny County Airport Authority is talking to Copa Airlines about starting service to Panama City. Christina Cassotis, the authority’s CEO, has had conversations with the airline about flights between Pittsburgh and Panama City, spokeswoman Alyson Walls […]

A judge on Tuesday extended the house arrest conditions for former Panamanian strongman Manuel Noriega to one year following his surgery to remove a benign brain tumor. However, Judge Katherine Pitti, who made the ruling in a western province, denied a request to allow the 83-year-old Noriega to finish his sentence under house arrest. Noriega […]

Government officials will be joined by members of the private sector and other stakeholders to discuss the progress that the Panamanian Government has made in addressing this global threat. PRNewswire/ — On Wednesday May 10th, Panamanian government officials will convene a Forum in Panama City with leading private sector stakeholders and academic experts to present the […]

Changes in the composition of magma may have caused variations in the Panama Canal volcanic rock formations, according to a study published May 10, 2017 in the open-access journal PLOS ONE by David Farris from Florida State University, and colleagues. The Earth’s crust is divided into tectonic plates and a chain of volcanoes can often […]

Panamanian President Juan Carlos Varela is trying to help those Cubans who escape from Cuba find temporary refuge along the Panama -Cost Rica border by building temporary shelters and allowing only Cuban refugees into local hotels while on their way to the United States. Under the Cuban Adjustment Act, Cuban refugees are able to gain […]

In the middle of Panama’s massive Gatun Lake lies Barro Colorado Island, a rainforest preserve and research center owned by the Smithsonian Institution. But the island isn’t natural, and the reservoir it sits on is the main passage of the Panama Canal. Every time a ship passes through the Panama Canal, Gatun Lake flushes 52 […]

While Costa Rica still has not defined a legal scheme to regulate the mode of transport offered by Uber, in El Salvador the company has started operations with the government´s approval. The technology company that offers a private transportation network started operating in San Salvador on May 9, with the backing of the Sánchez Cerén administration. See “Taxis […]

As if we do not have higher standards than even the US, we are being told we now need to do more.  Panama needs to require greater due diligence from financial and banking institution to tackle tax fraud in the wake of the Panama Papers scandal, a United Nations official has said. “The main component […]