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index-October-2008-1.html English News Blog for  Panama English News Blog October Archive 

Colombian drug suspect extradited to the US

10/22/08 15:29

William Johnny Tamayo Hernandez, suspected to be a giant in the Colombian drug cartel, was arrested and extradited to the United States after he was spotted in an airport in Panama.

Aside from the cases of drug trafficking, Hernandez is also facing murder charges.

News: Panama extradites Colombian drug suspect to US - International Herald Tribune

How to Open An Offshore Bank Account in Panama

It is always best to have your wealth scattered around the globe to ensure that your assets are not terribly hurt in the unfortunate case of a crisis in one part of the planet. But setting up an offshore bank account is not an easy task, especially if you are very worried about your privacy.

Panama is one of those countries which businessmen like storing their money in due to the country's privacy laws. Here are some instructions on how you can set up an account here.

News: How To Set Up an Offshore Bank Account Without References

Vietnamese forces try to save Panama ship load

Vietnamese salvage forces are now trying their best to save 500 tons of oil plus 11500 tons of iron ore from a sinking Panama ship near the Tuy An district in the Phu Yen province of Vietnam.

The carrier was supposed to ship the iron ore from Thailand to China when it collieded to rocks, creating a huge hole at the bottom of the ship.

News: VietNamNet - Panama freighter in danger of sinking in Vietnam coastal

GDF Suez builds hydro plant

A 100-MW hydroelectric plant will be build by a local subsidiary of GDF SUEZ to satisfy growing demand for energy in Panama.

The plant will be composed of three sequential units that will be put up in succession in the Chiriqui River.

The energy that will come from this plant has already been sold and will be distributed to the buyers for 10 years, from 2013 to 2022. More details here at Market Watch.

News: GDF SUEZ Builds Hydro Plant in Panama - MarketWatch

Social Strike in Panama

Social organization in Panama are protesting for better salaries and high cost of living.

Delegates from the coordinating group presented several proposals to fight for respect to life and dignity of the people and they are demanding answer to the Parliament. They planning a 48-hour general strike out.

The bill presented includes a salary increase generally, price cost control and end to privatization of public services like transportation, healthcare, education, water supply etc.

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