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Category: Business

Coverage of Panama’s corporate world, markets, startups, and trade developments. We provide news, analysis, and practical insights for business leaders and entrepreneurs.

Panama is Working on Ways to Recover Foreign Investment

Foreign direct investment (FDI) fell 61.5% in the first quarter due to lower reinvestment of profits. This result poses a challenge to the government’s strategy of creating 80,000 new jobs through private investment. The post Panama is Working on Ways to Recover Foreign Investment appeared first on Newsroom Panama.

12 Persons Provisionally Detained by the DIJ After a Court Hearing Regarding the ‘Operation Pandora’ Network at the DGI

A judge ordered the provisional detention of 12 defendants in what is known as Operation Pandora. The Prosecutor’s Office is investigating an alleged organization made up of officials, lawyers, and private individuals that supposedly manipulated tax credits within the E-Tax system to their favor. The post 12 Persons Provisionally Detained by the DIJ After a Court Hearing Regarding the ‘Operation Pandora’ Network at the DGI appeared first on Newsroom Panama.

The Trail of Fraudulent Loans and Operation Pandora: The DGI Manipulated the E-Tax System

Investigations lasting more than a year by the DGI, and later by the Public Prosecutor’s Office, explain how a network managed to alter tax records, create false tax credits and move millions of dollars through a structure that involved officials, lawyers and private companies. The post The Trail of Fraudulent Loans and Operation Pandora: The DGI Manipulated the E-Tax System appeared first on Newsroom Panama.

Panama Calculates that $7 Million is Required for the First Phase Of the Urban Renewal Project in Albrook

The Albrook urban renewal plan will be located on the site of the current former hangars and warehouses of the Ministry of Public Works (MOP). The first phase of the urban transformation plan in Albrook includes the construction of road infrastructure, the recovery of green areas and the adaptation of land near the metro station, with a view to starting works in 2027. The post Panama Calculates that $7 Million is Required for the First Phase Of the Urban Renewal Project in Albrook appeared firs

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