Latest Panama City News

Panama demands Nicaragua rein in former President Ricardo Martinelli

Mar. 18, 2024 19:58 PM EDT

PANAMA CITY (AP) — Panama on Monday accused Nicaragua of meddling in its internal affairs by allowing former Panamanian President Ricardo Martinelli to continue taking swipes at the justice system and promoting his political allies from within the walls of the Nicaraguan embassy. ...

Boxing great Roberto Durán receives pacemaker after heart issues

Mar. 18, 2024 18:11 PM EDT

PANAMA CITY, Panama (AP) — Boxing great Roberto Durán received a pacemaker on Monday after he was hospitalized on the weekend, his family said. “The Durán family is pleased to inform that thanks to God the surgery in our champion, a pacemaker implant, was totally successful,”...

Panamanian electoral court bars former president Martinelli's candidacy in May elections

Mar. 05, 2024 00:15 AM EST

PANAMA CITY, Panama (AP) — Panama’s Electoral Tribunal has disqualified former president Ricardo Martinelli’s candidacy in the country’s May 5 presidential election because of a 10-year prison sentence for money laundering he received last year, the tribunal’s presiding magistrate said...

Migrant brawl at reception center in Panama's Darien region destroys shelter

Mar. 02, 2024 11:34 AM EST

PANAMA CITY (AP) — A disturbance among migrants and eventually with Panamanian border police resulted in the destruction of various vehicles and at least 10 modules of a migrant camp in the country’s Darien region, authorities said Saturday. At least 44 migrants were arrested in...

Banco Latinoamericano: Q4 Earnings Snapshot

Feb. 22, 2024 19:10 PM EST

PANAMA CITY (AP) — PANAMA CITY (AP) — Banco Latinoamericano de Comercio Exterior SA (BLX) on Thursday reported fourth-quarter earnings of $46.4 million. The bank, based in Panama City, said it had earnings of $1.27 per share. The bank created in South and Central...

Panama's judiciary orders arrest of ex-president holed up in Nicaragua's embassy

Feb. 22, 2024 18:52 PM EST

PANAMA CITY (AP) — Panamanian authorities on Thursday ordered the arrest of former President Ricardo Martinelli, who has been holed up in the Nicaraguan Embassy since receiving political asylum from that country earlier this month. A judge approved a requested change of...

Uncertainty surrounding former president Ricardo Martinelli roils Panama's presidential race

Feb. 09, 2024 22:47 PM EST

PANAMA CITY (AP) — Not a 10-year prison sentence for money laundering nor going into political asylum in Nicaragua’s embassy have weakened the political aspirations of Panama’s former President Ricardo Martinelli who still seeks to retake the presidency. Just last week a judge...

Panama ex-President Ricardo Martinelli receives political asylum from Nicaragua

Feb. 07, 2024 20:09 PM EST

PANAMA CITY (AP) — Panama’s former President Ricardo Martinelli has received political asylum from Nicaragua days after Panama's Supreme Court denied his appeal over a money laundering conviction that carried a 10-year sentence. Martinelli’s attorney Shirley Castañeda said...

Copa Holdings: Q4 Earnings Snapshot

Feb. 07, 2024 18:42 PM EST

PANAMA CITY (AP) — PANAMA CITY (AP) — Copa Holdings SA (CPA) on Wednesday reported fourth-quarter earnings of $191.8 million. On a per-share basis, the Panama City-based company said it had net income of $4.55. Earnings, adjusted for non-recurring gains, were $4.47 per share. ...

Panama Supreme Court lets ex-President Martinelli's sentence stand, likely ending his reelection bid

Feb. 02, 2024 12:58 PM EST

PANAMA CITY (AP) — Panama’s Supreme Court on Friday denied an appeal from former President Ricardo Martinelli, convicted of money laundering in the case of a media company he purchased, likely keeping him out of this year’s presidential race. The court ruled that a 10-year...