Page 3 - Panama

India plans to open logistic hub for Indian companies in Panama: Jaishankar

India is exploring the possibility of opening a logistics hub for Indian companies in Panama, External Affairs Minister S Jaishankar has said, asserting that the country's trade with Latin America is growing and nearing USD 50 billion. The minister arrived in Panama on Monday from Guyana. He called on President Nito Cortizo and conveyed the personal greetings of Prime Minister Narendra Modi to him. His strong resonance with PM Modi's Panch Prann reflects the strength of our Global South bonds and shared outlook for the world. Valued his guidance for advancing our bilateral and multilateral partnership, Jaishankar tweeted. Cortizo said, during their meeting, they talked about the will to make an alliance with the Indian pharmaceutical industry to achieve quality, effective and cheaper medicines for Panamanians. "We address the commercial exchange between Panama and India and the advantages that our country offers for the establishment of more companies; also about the opportunities

Trade between India-Panama heading towards $50 billion: S Jaishankar

S Jaishankar and Panama Foreign Minister Janaina Tewaney held a joint press conference on Monday after holding discussions on several bilateral issues related to health and trade

Son of Panama ex-president pleads guilty to money laundering

A son of Panama's former president, Ricardo Martinelli, pleaded guilty Tuesday in New York to laundering $28 million in connection with a massive bribery scheme

Govt detects undisclosed income of Rs 20,078 crore in Panama Leak

Besides the Panama Leak, the government also detected undisclosed credits of about Rs 246 crore in Paradise Papers Leaks and Rs 11,010 crore in ICIJ cases

Covid-19: Panama imposes temporary ban on travellers from South America

Panama's Health Ministry announced a temporary ban on the entry of people from all South American countries starting from Wednesday after a COVID-19 case of the Brazilian variant was confirmed

Panama govt approves emergency use of Pfizer-BioNTech coronavirus vaccine

Panama's government has approved the emergency use of the vaccine produced by US company Pfizer and German company BioNTech. The delivery of the first batch is expected in the first quarter of 2021

Panama leaks: ED seizes Delhi jeweller's foreign assets worth Rs 7 cr

The business entity was identified by the ED as Mehrasons Jewellers

Panama asks for Interpol alert on ex-president's sons

On allegations that they accepted bribes from disgraced Brazilian construction giant Odebrecht

Panama detains Mossack Fonseca founders on corruption charges

Firm founders were detained because of the risk they might try to flee the country

Panama to join international tax convention on Thursday: OECD

Panama's role as a major offshore tax haven is a reason behind it

Panama leak: EC asks Nawaz Sharif to reply on disqualification pleas

The allegations that Sharif hid his offshore wealth to avoid taxes has called his credentials into question

Panama to ask US to declassify files on 1989 invasion

At least 26,000 US troops invaded Panama on December 20, 1989, to capture Noriega

Panama judge asks Interpol to help catch ex-president

Martinelli is accused of corruption and of tapping opponents' and journalists' phones and emails

Panama opens canal extension amid growth risks, cost battle

The Panama Canal Authority is hoping the project will bring in $2.1 billion per year in added revenue by 2021

Panama reaches deal to send 3,800 US-bound Cubans to Mexico

Between January and March, Costa Rica oversaw flights for thousands of Cubans to El Salvador and Mexico

Arun Jaitley targeted by Congress, AAP on Panama Papers leaks

They are demanding a judicial probe against him

Top Dutch bank executive steps down in Panama scandal

Bert Meerstadt 54, is a primary shareholder of Virgin Islands-based Morclan Corporation, set up by Mossack Fonseca in 2001

Panama Papers link global politicians in offshore deals, several Indians named

The files show that these fixers and middlemen protect themselves and their clients by concealing suspect transactions. In some instances, they work to head off official investigations by backdating and destroying documents

DLF, Indiabulls, Apollo Tyres fall on Panama tax documents

Shares of Apollo Tyres declined by 3.01%, Apollo Tyres by 4%, DLF by 2.85%, Indiabulls Real Estate by 2.85%

Tax authorities begin probe into some people named in Panama Papers leak

The leaked "Panama Papers" cover a period over almost 40 years, from 1977 until last December, and allegedly show that some companies domiciled in tax havens were being used for suspected money laundering, arms and drug deals and tax evasion