Panama remains on the gray list of the Financial Action Task Force (FATF), which identifies countries with deficiencies in their regimes for the prevention of money laundering and terrorist financing. The update came on Friday, June 25, at the end of the second annual plenary meeting of the international organization. When Panama entered the sanctioning […]
The Panama Maritime Authority extended for a 25-year term and in favor of the Panama Ports Company, the contract for the development, construction, operation, administration and management of container terminals. The Board of Directors of the Panama Maritime Authority declared itself in permanent session as of May 27, 2021, for the purpose of analyzing compliance with Contract Law […]
The sleepy seaside town of Puerto Armueles will be waking up soon. Panama’s Maritime Authority tenders the study, design, development and approval of plans and construction of the new fiscal dock of Puerto Armuelles, to be located in the district of Baru in the province of Chiriqui. Panama Government Purchase 2021-2-03-0-04-LV-008417: “The project includes the development […]
Panama’s top diplomat said Monday she has asked the United States for financial help in dealing with the large number of migrants who cross the jungle between Colombia and Panama, and plans to ask European countries to contribute as well. Foreign Minister Erika Mouynes said the United States is considering the request. Mouynes said she […]
The former president, Ricardo Martinelli, will face two crimes: interception of telecommunications and monitoring, persecution, and surveillance without judicial authorization. Panama’s former president Ricardo Martinelli will face Tuesday a new trial for the case of illegal wiretapping during his term (2009-2014), after the annulment of the first one, in which he was found “not guilty” […]
Through Law 208 of 2021, Law 99 of 2019 has been modified, which is related to the Tax Amnesty for the payment of taxes in Panama. On this occasion, it is a Tax Amnesty to which taxpayers, be they natural and legal persons, as well as real estate that owe taxes, fees and special contributions […]
With deserted islands, Indigenous outposts, dense rainforests, cosmopolitan cities and two magnificent coasts to explore, Panama is somewhere to linger. But it pays to go at the right time – Panama lies just 9º north of the equator, buffeted by the trade winds, meaning a tropical drenching often comes with the territory. Activities play a key […]
The Expat Insider 2021 survey ranked Panama as the 19th country out of 59 nations in the world. The survey measures the opinions of expatriates, foreigners residing in the country for work or investment reasons. Regarding their assessment of Panama, the facilities offered by the country to settle, as well as the environment in which […]
The waterway begins to accommodate vessels up to 370.33 meters in maximum length overall and announces a 15.24-meter (50-foot) draft ahead of the expansion’s fifth anniversary Ahead of the fifth anniversary of its expansion, the Panama Canal has increased the maximum allowable length for vessels transiting the Neopanamax Locks. Since May 21, the maximum length […]
Some 460,051 metric tonnes (mt) of marine fuel were sold in Panama last month, an increase of 18.9% on the 386,955 mt registered in May 2020. According to figures released by the Panama Maritime Authority, last month’s total – the highest monthly total since January 2020 – was also 14.3% up on the 402,343 mt […]