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MercoPress, en Español

Montevideo, June 19th 2026 - 03:21 UTC

Tag: Panama

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

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

    View of Panama City financial district: Panama does not deserve to be singled out on an issue that plagues many countries

    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

    G20 leaders representing 80% of world economy, have vowed to crack down on the practice blamed for helping conceal money laundering, corruption and tax evasion

    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'

    “We're continuing with the meetings” but demands from the companies are above our estimate of economic return, said Tourism minister Gustavo Him.

    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

    Panama, Mexico and Colombia worked together on the law-enforcement operation during 18 months, said Panama Security Minister Rodolfo Aguilera

    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.

  • Sunday, April 12th 2015 - 07:36 UTC

    Argentina's message to UK and US: “utterly ridiculous considering any regional country a threat.”

    “I will not appeal to sovereignty. I will appeal to common sense. It is absolutely ridiculous considering any of us (regional countries) a threat.”

    Addressing the Americas summit in Panama, Argentine president Cristina Fernandez strongly criticized United States policies towards the hemisphere, particularly Venezuela, and expressed 'surprise' at the parallelism between the Caracas/Washington current dispute and the latest round of Falklands' exchanges between London and her government. President Barack Obama was not present during the Argentine leader's speech on Saturday.

  • Saturday, April 11th 2015 - 06:25 UTC

    Obama and Raul Castro shook hands at opening of the Americas summit in Panama

    A US official described the Obama-Castro greeting as an “informal interaction,” adding that “there was not a substantive conversation between the two leaders.”

    US President Barack Obama and Cuba's Raul Castro on Friday shook hands and sat near each other at the historic Panama Summit of the Americas, a new milestone in efforts to shed decades of animosity. Obama and Castro greeted each other as UN chief Ban Ki-moon looked on, before taking their seats with other regional leaders at a Panama City convention center.

  • Saturday, April 11th 2015 - 05:45 UTC

    'Malvinas', center piece of Cristina Fernandez speech at Panama summit

    'Militarization' of the Falklands and UK alleged spying on Argentina, will have priority in the Argentine leader's speech, anticipate Buenos Aires sources

    Argentine President Cristina Fernandez is attending the VII Summit of the Americas in Panama City where she is expected on Saturday to strongly criticize the United Kingdom over the 'militarization' of the Falklands/Malvinas and revelations of massive espionage of Argentina by London.

  • Saturday, January 3rd 2015 - 06:07 UTC

    Panama Canal planning major transshipment port on the Pacific entrance

    The new facility will increase inter-oceanic cargo traffic consolidating Panama’s position as an international logistics and maritime hub, said Quijano.

    The Panama Canal Board of Directors this week formally approved the development and construction of a transshipment port in Panama’s Corozal region. Upon completion, the port will have the capacity to handle more than five million TEUs within a 120-hectare area at the Canal’s entrance to the Pacific. The project is now awaiting the final step for approval from Panama’s National Assembly.

  • Monday, May 12th 2014 - 06:34 UTC

    Panama elected-president pledges to normalize relations with Venezuela and Colombia

    Varela has close links with Maduro, but Colombia seems a tougher challenge

    Venezuelan President Nicolas Maduro and Panamanian president-elect Juan Carlos Varela have pledged to waste no time in normalizing relations and re-launching diplomatic, economic and trade ties cut off two months ago, Venezuela's foreign ministry announced. Varela takes office next July first.

  • Monday, May 5th 2014 - 07:24 UTC

    Varela wins Panama election, defeats Martinelli's incumbent candidate

    The next president, broke away with the ruling party and campaigned against corruption and Martinelli's iron-fist style

    Panama’s Electoral Committee declared opposition candidate Juan Carlos Varela as the winner of Sunday's election and the country's next president: he captured 39% of the vote with more than 80% of ballots counted. In Panama there is no run-off and no re-election so president Ricardo Martinelli nominated his successor and completed the ticket with his wife, Marta Linares de Martinelli.