Category Archives: News

THE REALITY OF PANAMA PAPERS

The research called ‘the roles of Panama’ about creating societies in offshore jurisdictions by the law firm Mossack Fonseca, uncovered by various means, including The Confidencial in collaboration with the Sixth, the German newspaper Süddeustche Zeitung and the International Consortium Investigative journalists, has special relevance two questions: open an offshore company in Panama is legal and […]

Oscar Ramirez engineer and lawyer Ricardo Arango are the two new appointees Tuesday by President Juan Carlos Varela, to join the Board of Directors of the Panama Canal Authority (ACP) members.

  «With these appointments reinforce the technical and legal capacity of the Board of the ACP, in order to further strengthen the institutional structure of the organization,» said the president. Both designations will now be sent to the National Assembly for ratification due. Ramirez, who has a degree in Civil Engineering from the Technological University […]

More than 13 thousand people inserted into the labor market from July 2015 to February 2016

Product of different strategies to promote employment advanced by the Ministry of Labor and Workforce Development (MITRADEL), it was possible to insert the active market, thirteen thousand and nineteen people (13,019) nationwide from July 2015 to February 2016. These inserts were by the job market, job fairs and targeted trade that developed during this period, […]

Mitradel evaluates progress of the Master in Labor Law

Officials of the Panamanian Institute for Labour Studies (IPEL), the Ministry of Labor and Workforce Development (MITRADEL) met with the Dean of the Faculty of Law Santamaria La Antigua University (USMA), Dr. Harley Mitchel, to assess progress and results of the Master of Labor law, which is in its final phase, said Gladys Fossatti, Deputy […]

Sephardim receive Spanish nationality in Panama

Twenty-three Sephardic residents in Panama today swore fidelity to the Constitution and the King, following the approval of a law allowing acquire Spanish nationality to all those who prove to be descendants of those expelled from Spain in 1492. «Be you, dear compatriots, welcome to this little piece of Spanish territory is the embassy of […]

Six multinational companies interested in installing its headquarters in Panama

    Companies are attracted by the benefits attached to them. The ICIM will expand the range of opportunities to these companies Six new companies are interested in opening offices in Panama under the SEM system, unveiled Jonathan Diaz, CEO of Multinational Corporations, the Ministry of Commerce and Industry of Panama (MICI). Currently, Panama has 122 […]

Missing more than 100,000 skilled workers

Multinational companies based in Panama can not find enough skilled professionals in the country and must look outside The lack of specialized careers and skilled work forces in Panama multinational companies to seek human resources outside the country, official sources acknowledged. The Director General of Multinational Corporations (SEM) of the Ministry of Trade and Industry […]

Panama’s potential as cargo center

  Panama has the potential to attract and move more cargo in its transportation network consisting transshipment ports in the country, conquering new sea routes. Established routes between Asian countries and the entire Pacific coast of Latin America, from Mexico to Chile are routes that move a heavy load and do not touch Panama, said […]

Exclusion of the gray list favors sovereign credit

  The output of Panama from the gray list of the Financial Action Task Force (FATF) on money laundering is positive for the sovereign credit and banks operating in the Panamanian system, according to international rating agency Moody’s. The Ministry of Economy and Finance said that the rating agency explained that «change is positive for […]

Multimillion investments in Panama in 2016-2019

  Line 2 of the Metro, the fourth bridge over the Panama Canal, the renovation of the northern city of Colon, the second terminal of the International Airport of Tocumen and the third and fourth line of power transmission are the megaprojects running or tender . In response to popular criterion «slowness» of the Government […]