Tag: Panama

• Monday, April 2nd 2018 - 09:12 UTC

  Maduro and cronies “grey listed” as suspects of money laundering and terrorism financing

  

  Venezuelan president Nicolas Maduro along with more than 50 Venezuelan nationals are considered “high risk” for laundering money and financing terrorism, according to an advisory issued by Panama's economy and finance ministry.

• Monday, February 13th 2017 - 10:59 UTC

  Panama Papers office raided as part of the Petrobras/Odebrecht investigation

  

  The offices of Mossack Fonseca, the law firm at the centre of the Panama Papers leak, were raided on 9 February as part of an ongoing investigation into Brazil's biggest corruption scandal, the so called Operation Carwash (“Lava Jato” in Portuguese) involving the state-run oil company Petrobras.

• Thursday, November 24th 2016 - 15:51 UTC

  Malcorra grateful to Panama for the standing and historic support in Malvinas sovereignty dispute

  

  Argentine foreign minister Susana Malcorra thanked her Panama peer Isabel de Saint Malo for the standing historic support from Panama to Argentina´s sovereignty claim over the Falkland/Malvinas Islands, (under UK control), and looked forward to strengthening the excellent bilateral relations, according to an official Wednesday release from San Martin Palace.

• Tuesday, September 13th 2016 - 10:17 UTC

  More than 230 cruise ships will pass through the Panama Canal this 2016/17 season

  

  Cruise ship Coral Princess is slated to transit the Panama Canal on a voyage from Los Angeles, Calif., to the U.S. East Coast on October 4, 2016, officially kicking off the canal’s 2016-2017 cruise season, which according to the Panama Canal Authority will see more than 230 cruise ships pass through the Panama Canal.

• Monday, June 27th 2016 - 06:53 UTC

  Panama opens long-delayed US$ 4.5bn canal expansion: massive litigations looming

  

  Panama opened the long-delayed US$5.4 billion expansion of its shipping canal amid cheering crowds on Sunday, despite looming economic uncertainty in the shipping industry and a heated battle over billions in cost overruns.

• Thursday, May 5th 2016 - 16:53 UTC

  COSCO's “Andronikos” will make the first ceremonial transit of Expanded Panama Canal

  

  China COSCO Shipping has won the draw for its container vessel Andronikos to make the ceremonial first transit through the Expanded Panama Canal during the waterway's inauguration on Sunday, June 26. The vessel, which has a maximum capacity of 9,400 TEUs, is 48.25 meters in beam and 299.98 meters in length.

• Tuesday, April 12th 2016 - 09:00 UTC

  Don’t Blame Panama. Tax Evasion Is a Global Problem.

  

  By Juan Carlos Varela (*) - The following was published by The New York Times in The Opinion Pages. DESPITE their name, the Panama Papers are not mainly about Panama. They are not even primarily concerned with Panamanian companies. The more than 11 million documents, illegally hacked and released last week relating to previously undisclosed “offshore” corporations, is roiling the world with revelations of the vulnerability for rampant abuse of legal financial structures by the wealthy.

• Thursday, April 7th 2016 - 06:52 UTC

  Panama Papers shows shell companies prevail despite G20 announced efforts

  

  The leak of 11 million documents from a Panama-based law firm offers a glimpse into the shadowy world where the rich and powerful hide their money, raising sharp questions about the use of shell companies that obscure the identities of their true owners, even if they aren’t illegal by themselves.

• Monday, March 7th 2016 - 04:34 UTC

  Panama wants to be Home Port for cruises, but companies are 'asking too much'

  

  Panama is holding tough negotiations with cruise lines hoping they will return to the country, using local facilities as Home Port, but government authorities admit that the demands from the companies are too high.

• Friday, November 6th 2015 - 08:28 UTC

  Panama dismantles drug network linking FARC with Mexican cartel

  

  Panamanian officials announced the dismantling of a drug network linking fugitive Mexican drug lord Joaquin “El Chapo” (Shorty) Guzman's Sinaloa cartel and a Revolutionary Armed Forces of Colombia, FARC, front.