Scotiabank acquires Citibank in Panama, Costa Rica
SCOTIA BANK’S acquisition of Citigroup's consumer and commercial banking operations In Panama and Costa Rica, is now finalized, but don’t expect...
Newsroom Panama
Panama bribery deal costs company $3.9 million
According to Reuters, SAP signed the agreement with the purpose of reaching a settlement of the civil charges against Vicente Eduardo García, a former SAP executive accused of bribing officials in Panama to obtain a contract for $14.5 million. The SEC said that poor internal controls in SAP allowed Garcia, who at the time was vice president of Global Strategic Sales for Latin America, to pay $145,000 in bribes to senior...
The reality gap when lips move
WINSTON CHURCHILL during a 1906 election campaign, famously described an opponent’s lie as a “terminological inexactitude” Eighty-two years later, then...
New look Amador Causeway ready in May
WORK on the widening of the Amador Causeway, is 75% complete and it should be open and providing smoother traffic...
San Miguelito mayor knocks culecos
SAN MIGUELITO Mayor, Gerald Cumberbatch, is the latest official to denounce the use of water for spraying dancing revelers (culecos) during Carnival. "No one...
OFF THE CUFF: Countrywide Supreme Court protests
NINETY-ONE LEADERS of civil, labor and indigenous organizations forming Panama’s Strategic National Alliance, met in Colon on Sunday, Jan. 31...
Guatemalan retired officers on trial for sexual slavery
TWO RETIRED Guatemalan army officers are being tried on charges of murder, forced disappearance, and forcing 11 indigenous women into...
WORLD VIEW: From poverty to consumer
By Jonathan Power “BRAZIL has a great future, and always will”, said Charles de Gaulle, the president of France in...
Sales tax dodgers cost $500 million annually
RETAILERS restaurants and other businesses strip Panama of over $500 million annually by evading the Itbm (sales)tax says the Directorate...
OFF THE CUFF: Water jinks override dying cattle
THE ADMINISTRATOR of the Panama Tourism Authority (ATP), Gustavo Him, seems to have a talent for mixing apples and oranges as he...
Total ban imposed on Vietnam seafood
THE IMPORTATION of all seafood from Vietnam has been banned by The Panamanian Food Safety Authority. The banning notice was...
Water for Carnival jinks a crime
THE USE of hundreds of gallons of water for Carnival in Herrera and Los Santos is a “crime” says Minister...
