The Panamanian government announced that it will bring a defamation suit against the Costa Rican online daily Nuestro Pais. The news source published a series of injurious articles launched on May 7, making allegations of corruption, drug-connections, money-laundering, militarism and authoritarianism about Martinelli’s administration. The government release states that these libelous publications threaten State...
Panama closed the first quarter of this year with a consolidated budget deficit equivalent to six percent of the country’s gross domestic product, or $114 million. By year’s end, however, Alberto Vallarino, Panama’s finance minister, expects the budget to near equilibrium or come very close. In 2007 and 2008, Panama saw budget surpluses but...
The Atlantic Hero cargo ship ran aground at the Pacific exit of the Panama Canal yesterday. The coal-carrying, Bahama-flagged ship had just collided with a protective structure of one of the Bridge of the America’s columns. The incident occurred around 6 p.m. yesterday, and the Panama Canal Authority is working to get the ship...
In 30 days, there will be new security measures for motorcycles in Panama. The law, published yesterday as Gaceta Official number 26534, applies to motorized two- to three-wheel vehicles of up to 600 cc and establishes that drivers must wear reflective jackets and a helmet with their respective license plate numbers, as well as...
More than 500 workers of the Atlantic Banana Cooperative are breathing a little easier since the Bocas Fruit Company agreed to purchase at least 3,000 boxes of bananas for around $10,000, pending the signing of a permanent contract. The notice of the sale comes after a 45 days of heated negotiations during which period...
