Page 3 - Panama

FATF removes offshore tax haven Cayman Islands from its 'grey list'

In its review published on October 27, FATF has added Bulgaria to the grey list

After Mexico, Brazil, India signs MoU on electoral cooperation with Panama

The Election Commission and the Electoral Tribunal (ET) of Panama on Friday signed a memorandum of understanding in Panama City to establish institutional framework for their ongoing cooperation in the field of election management and administration. With this, the Election Commission (EC) has expanded its electoral collaboration with more nations. Earlier, it had signed similar MoUs with Brazil, Chile and Mexico. A three-member EC delegation led by Chief Election Commissioner (CEC) Rajiv Kumar held interactions with Presiding Magistrate, Electoral Tribunal of Panama, Alfredo Junc Wendehake, on strengthening collaboration and knowledge exchange between the two election management bodies. Eduardo Valdes Escoffery, the first vice presidential magistrate, and Luis A Guerra Morales, the second vice presidential magistrate, of the ET of Panama were also present, the poll panel said. Speaking on the occasion, CEC Kumar said that the MoU reflects the EC's ongoing commitment to engage with

Panama turtles get legal right to live, free passage in healthy environment

On a Panamanian beach long after dark, a group of undergraduate students dug into the sand to excavate a sea turtle nest, their lamps casting a soft red glow as they studied eggs, inventoried the success of the hatch and checked for any surviving hatchlings stuck at the bottom of the nest. Nearby, armed members of the National Border Service stood watch for protection in an area known for drug trafficking. The students worked under the guidance of Callie Veelenturf, who founded a group that works to protect leatherback turtles and pushed for a new law in Panama that guarantees sea turtles the legal right to live and have free passage in a healthy environment. The new law will allow any Panamanian citizen to be the voice of sea turtles and defend them legally, Veelenturf said in a text message as she boarded a plane to Panama City after her group's work near Armila. We will be able to hold governments, corporations, and public citizens legally accountable for violations of the right

Well-positioned to serve as India's hub to LatAm: Panama foreign minister

'Panama may be a small country, but it has long punched above its weight'

Panama approaches 'Pharmacy of the World' India for affordable medicines

The EAM mentioned that Indian project execution has grown across geographies with 'Made in India' and 'Delivered by India' becoming realities globally.

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