The whistle-blower behind the Panama Papers which revealed major tax evasion and fraud worldwide said he feared Russian retribution, in an interview published Saturday by Germany’s Der Spiegel. The magazine quoted him under his pseudonym John Doe as saying he had evidence of financial wrongdoing by top Russian officials and their allies which helped fund […]
Former Panamanian President Ricardo Martinelli, who faces open corruption investigations, declared on Thursday his intention to run as an independent in the country’s 2024 elections. Martinelli, who led the Central American nation from 2009 to 2014, said on social media he had formally registered his candidacy with the electoral authority. The controversial former leader faces […]
The multinational tobacco company Phillip Morris International (PMI) denounced in Miami (Florida) that Panama is the “world champion of cigarette trafficking” and called on the Panamanian authorities to enforce the laws that punish this crime. Grégoire Verdaux, senior vice president of External Affairs at PMI, spoke like this at a panel of the Concordia of […]
The Cabinet Council of the Republic of Panama has approved the tolls structure recommended by the Panama Canal Board of Directors, following a formal consultation and public hearing process that considered industry feedback. With this approval, the Panama Canal will assume a simplified, value-based pricing structure, reducing the number of tariffs from 430 to fewer […]
The AES Panama Foundation emerges as a centralizing entity and executing arm of AES companies in the country and will contribute to strengthening the company’s presence at the national level. With the presentation of a discussion on the role played by non-profit organizations and private enterprise in the development of Panama, AES Panama carried out […]
In search of plastic, instead of fish, eight fishing boats on Saturday set sail from Panama’s Pacific coast. Cash prizes would be awarded to the three collecting the biggest hauls. To raise awareness about the impact of marine pollution, the Panama Plastic Fishing Championship brought together local fishermen to travel through the Panama Bay. “On […]
-Liberty Latin America Ltd. today announced that its 49%-owned subsidiary Cable & Wireless Panamá S.A. Balan Nair, President and CEO of Liberty Latin America, commented, “We welcome the positive conclusion of the regulatory review for our transaction in Panama. The combination of Cable & Wireless Panamá with Claro Panamá will bring significant benefits to our […]
FAO is now providing new opportunities for the Guna people by sharing knowledge about algae production and processing. A new training initiative for coastal Indigenous fishers, particularly women, provides them with alternative sources of income. The Guna people have lived for centuries on the edge of the Caribbean Sea in an autonomous Indigenous Peoples’ territory […]
On June 30, almost a year after Panama’s National Assembly passed legislation banning vape product sales, Panamanian President Laurentino Cortizo gave his assent to the bill. The new law prohibits sales and importation of all vaping and heated tobacco products, with or without nicotine. The law does not criminalize use, but bans vaping in any […]
Panama reached a promotion and marketing agreement with the Dutch airline KLM, with which an economic impact of about $66 million is expected for the country, announced the Panama Tourism Promotion Fund known as Promtur Panama. Through this agreement, which began in July and has an initial duration of 6 months, the airline will boost […]