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Panama to pay $6.4 million in compensation to Chilean victims of SAN-100 crash

Panama has agreed to compensate to the families of Chilean victims of the SAN-100 helicopter crash on May 29, 2008, putting to rest some of the discord that had grown between the two governments in the wake of the accident. An attorney representing the family of late Chilean General Alejandro Bernales confirmed that the Torrijos administration had decided to pay a sum of $6.4 million, of which $2.8 million will be split among relatives of the six ...

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Trial begins in high-profile money laundering case

A criminal court held the first hearing yesterday in the case former director of the now defunct National Maritime Service Ricardo Traad and 12 other functionaries accused of laundering money gleaned from the illegal drug trade. The hearing, presided over by Judge Silverio Rodríguez, is scheduled to last three more days given the number of defendants, witnesses and experts expected to make statements. The ...

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Debt threatens license plate production for capital

Administrators of the Chapala Vocational School have announced that it will suspend the manufacture of license plates for the Municipality of Panama as of July, citing the city's delay in cementing a contract with the school and failing to pay for nearly $1 million in plates. Pedro Pablo Rodríguez, treasurer of the school board, said the school cannot continue production without a contract assuring that it will be compensated.   Mario Miranda, municipal ...

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Projects left unfinished in the Darién

Millions of dollars worth of projects have been left unfinished in the Darién, as contractors have walked away from contracts to build roads, schools, bridges and other public works. Several community leaders in the Darién made a tour recently of some of the unfinished projects. According to estimates, some $94 million of work has not been completed. Luis Arce, a community leader in Arretí, said that most of the projects have been abandoned, including a road project in ...

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Highway companies face tax probe

The Directorate General of Revenue found evidence last November that the companies administering the corredores Norte and Sur, Pycsa and Ica, have not paid all their taxes they owe. Sources revealed that audits conducted at these companies and their subsidiaries showed that more than $9 million was owed in back taxes, with Ica having failed to pay $2 million while Pycsa owed more than $7 million. The case with Pycsa has apparently been resolved. Gari Bermúdez, a representative of ...

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Use of Panamanian flag on sauce label raises hackles

The appearance of the Panamanian flag on new packaging debuted by the Natura's brand for its line of criollo, or "native-made," sauces violates a 1949 law prohibiting the use of the country's flag for commercial or promotional purposes.  Advertisement expert Joy Vega confirmed the label's illegal depiction of the state emblem, and noted that it may defy ...

 

 

 



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