Panamanian President Ricardo Martinelli is surprised that French Prime Minister Nicolas Sarkozy still believes that Panama is a fiscal paradise. In his closing remarks at a recent G20 meeting in France, Sarkozy put the isthmus nation in a category of tax havens that included Antigua and Barbuda, Barbados, Botswana, Brunei, the Seychelles, Trinidad and Tobago,...
The U.S. Treasury has identified and blacklisted six Panamanian companies used as fronts for Islamic Republic of Iran Shipping Lines. “IRISL’s ships have been renamed, reflagged, repainted, and renamed again. It has repeatedly shifted the nominal owners of ships and modified shipping documents to conceal its activities,” said Adam Szubin, director of Treasury’s Office...
The U.S. Congress approved the Free Trade Agreement with Panama on Wednesday with a 77 to 22 vote in the Senate and 300 to 129 in the House. Those is favor said that the treaty will lead to the liberalization in the exchange of products, goods and services and increase labor protection and anti-fiscal...
Panama promoted itself in Japan today, Thursday, during the one-day Panama Invest Tokyo forum. The event’s purpose was to frame Panama as a commercial and maritime industry facilitator, strategic logistics hub and global financial center in Latin America for Japanese markets and entrepreneurs. Panama and Japan’s diplomatic relationship dates back to January 7, 1904....
Panama Canal pilots have linked up with the West Coast dockworkers in preparation for the opening of the expanded Panama Canal in three-years time, the Los Angeles Times reports. The alliance seeks to hold global companies more accountable and avoid the potential loss of cargo, jobs and collective bargaining power come 2014. Londor Rankin, secretary general...
