Panama’s government said on Wednesday it wanted to recover millions of dollars in ill-gotten gains made by two sons of a former Panamanian president who have pleaded guilty in the United States to money laundering. The sons of former President Ricardo Martinelli – Luis Enrique Martinelli and Ricardo Alberto Martinelli – entered guilty pleas this […]
Panama is the sleeper destination of Central America, transited by crowded cruise ships but rarely a place that cries out for a dedicated visit. That may be about to change with the opening of the Hotel La Compañía in spring 2022 in Panama City. The setting is noteworthy, with a location in the heart of the city’s […]
Panama made record drugs seizures in 2021, confiscating some 126 tonnes of contraband, chiefly cocaine, the security ministry of the Central American country said on Sunday. This year’s haul compared with 81.7 tonnes in 2020, 86.8 tonnes in 2019 and 76.8 tonnes in 2018, the ministry said in a statement. In the process, Panamanian authorities […]
The plenary session of the Supreme Court of Justice (CSJ), in ordinary session, approved by means of Agreement N ° 14 dated January 6, 2022, “which declares vacant positions of Judges of Guarantees, Judges of Oral Trial and of Judges of Compliance with the Judicial Offices of the Accusatory Penal System, at the national level […]
Here is a slide show. Thanks and shout out to Chef Chris, Meza Azul and Anayansi for their help making this happen. The event raised over $2,000 for charity.
Recruited at the last minute for a trip through the Canal, a sailor learns the ropes of how to pass through the locks. Diane Gorch writes for Cruising World I scrambled out of the dinghy onto Minh’s transom steps as a last-minute addition to the crew, the required fourth line handler needed for a transit […]
Since the country has not made enough efforts to eradicate illegal fishing, the European Union sanctioned it with a yellow card, a warning that precedes the red card, which if applied would prohibit the entry of Panamanian fishery products into Europe. After the corresponding audits were carried out, the sanction to Panama dated December 16, […]
In the first six months of 2019, Central American countries imported $38 million in wine, and purchases from Chilean companies increased by 11% over the same period in 2018. Regional Business Upwards Between the first half of 2018 and the same period in 2019, the value of wine imports into Central America registered a 2% […]
The US showed us as an example of how this can be a problem. The Panamanian business sector believes that increasing the minimum wage under current conditions will generate more unemployment and increase informality in the labor market. With the possibility of an increase in the minimum wage next year, the National Council of Private Enterprise […]
AM Best has maintained a stable market segment outlook on Panama’s insurance industry, citing sound capitalization among the country’s carriers, their profitable underwriting strategies and improving risk management practices. Panama remains a consistent growth driver for Central America’s overall insurance market, and in 2018, the country’s insurance market expanded by 3.9%, slightly outpacing gross domestic […]