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Sa panahon ng kaniyang panunungkulan bilang kinatawan ng Panama sa Pilipinas, sinabi ni Ambassador Rolando Guevara Alvarado na nais niyang higit na mapagbuti at mapalalim pa ang relasyon ng dalawang bansa sa aspeto ng edukasyon at turismo. Sinabi ito ng ambassador sa personal na pagbisita niya sa Eagle Broadcasting Corporation, kung saan tinanggap siya ng mga nangangasiwa sa himpilan. Sa panayam, nagbigay rin ng kaniyang pananaw si Ambassador Alvarado sa pagkalat ng mga tinatawag na fake […]
PANAMA CITY, Panama (AFP) — Banks based in Panama managed a record level of assets last year — $121 billion — despite fallout from the “Panama Papers” scandal, an industry body in the Central American country said Thursday. The International Banking Center, which represents Panamanian and foreign banks, said members’ assets “reached the record level of $121.075 billion” — a jump of 3.3 percent over 2015. Panama has come under intense international tax scrutiny since […]
PANAMA CITY, Panama (AFP) — Panama is suspending its probe into the Panama Papers, the leak of a legal firm’s files on clients who stored assets in opaque offshore companies, prosecutors said Tuesday. The records from the Panamanian law firm Mossack Fonseca revealed the names of leaders, politicians, celebrities and wealthy individuals from around the world who used the firm to create offshore entities to hide their assets. A legal challenge on constitutional grounds required […]
PANAMA CITY, Panama (AFP) — Panama’s government on Tuesday said it was barring the Brazilian construction giant Odebrecht from future public tenders after the US Justice Department accused the company of bribes to secure business in Latin America. In a statement read by the minister of the presidency, Alvaro Aleman, the government said it has decided to “adopt the actions necessary to prohibit the Odebrecht Group being awarded and attributed any future contract from public […]
TOKYO, Japan (AFP) — Panama has been “wrongly” labelled a tax haven, President Juan Carlos Varela said in an interview with a Japanese news agency, defending his country amid the global “Panama Papers” scandal. Panama is scrambling to avert redesignation as a tax haven that assists money laundering after the disclosure of the offshore dealings of many of the world’s wealthy, famous and infamous. They came to light when millions of documents covering nearly 40 […]
PANAMA CITY, Panama (Reuters) – Panama’s President Juan Carlos Varela reaffirmed his country’s commitment to tax transparency after governments across the world began investigating possible financial wrongdoing by the rich and powerful after a leak of four decades of documents from a local law firm that specialized in setting up offshore companies. The “Panama Papers” revealed financial arrangements of politicians and public figures including friends of Russian President Vladimir Putin, relatives of the prime ministers […]
By Juan José Rodríguez PANAMA City, Panama (AFP) — Alarm spread through Panama on Monday as concerns rose that a massive data leak from one of its legal firms could threaten its vital financial services sector that relies on offshore business. President Juan Carlos Varela vowed that “what we are going to do is defend the image of our country,” while worried representatives from the financial and associated legal sector held an emergency meeting […]
(Reuters) – More than 11.5 million documents from the files of law firm Mossack Fonseca, based in the tax haven of Panama, were leaked on Sunday (April 3), revealing details of hundreds of thousands of clients. The documents are at the center of an investigation by the International Consortium of Investigative Journalists, the German newspaper Süddeutsche Zeitung and more than 100 other news organizations around the globe. ICIJ is the international arm of the […]
