Season´s Greetings; Police Seize Over 44,000 Drug Packages in 2025; Health Authorities Warn: No Safe Fireworks for Children; Ministry of Health Alerts on Rise in Respiratory Viruses.

Friday, December 26, 2025. Season´s Greetings As the year comes to a close, I want to take a moment to extend my warmest season’s greetings to our readers, colleagues, partners, and friends. This time of year is meaningful in many different ways across cultures, faiths, and traditions. Whether it is a moment for celebration, reflection, gratitude, renewal, or quiet time with family, it offers us all an opportunity to pause, look back on the year behind us, and look forward with hope to the year ahead. Regardless of how or what you celebrate, I sincerely wish that this season brings you peace, good health, and meaningful moments with those closest to you. May it also offer time to rest, reconnect, and refocus on what truly matters—both personally and professionally. I would also like to express my heartfelt gratitude to Panama and its people for the constant hospitality, warmth, and openness shown to me and my family. From day-to-day kindnesses to a deep sense of community, Panama has welcomed us in ways that go far beyond geography. It is a privilege to live, work, and raise a family in a country that consistently demonstrates generosity of spirit and respect for others. As we move into a new year, I am thankful for the trust, collaboration, and relationships built along the way. Wishing everyone a safe, peaceful, and meaningful holiday season, and a year ahead filled with health, opportunity, and purpose. Brett Mikkelson Director, B.M. Investigations, Inc. – Private Investigations in Panama TOP NEWS and TIDBITS: Immigration Registers High Demand Due to Change of Residency Moratorium The National Immigration Service reported that the high volume of visitors registered at its main office, located on Ricardo J. Alfaro Avenue, is due to the current moratorium period for the change of residency process, which remains in effect until December 31, 2025. This measure has resulted in an increased influx of users seeking to complete their immigration procedures within the established timeframe. “We are working continuously with the objective of providing efficient, orderly, and timely service,” the agency stated. READ ORIGINAL ARTICLE HERE National Police Seize More Than 44,000 Drug Packages During 2025 The National Police reported that, so far in 2025, a total of 44,795 packages of illicit substances have been seized as a result of 19,324 search and seizure operations carried out in different parts of the country, in coordination with the Public Ministry. According to the official report, part of these seizures took place in vehicles modified with hidden compartments, as well as in containers located at ports on both the Atlantic and Pacific coasts, allegedly used for drug trafficking. Regarding operational actions, authorities detailed that during the current year, 62,038 individuals have been apprehended for various offenses. Of this total, 381 correspond to homicide cases, while 14,512 people were detained for administrative violations. Within the framework of the “Safe Year-End 2025” operations, police officers remain deployed across different sectors of the country with the objective of strengthening public security and bringing individuals linked to crimes against collective security, among other offenses, before the competent authorities. READ ORIGINAL ARTICLE HERE Ministry of Health Issues Alert Over Increase in Respiratory Viruses and Calls for Vaccination Reinforcement The Ministry of Health (MINSA) reiterated to the public the importance of reinforcing biosecurity measures in light of the increase in respiratory viruses circulating in the country in recent weeks. According to the latest epidemiological report, Panama has recorded more than 51,000 cases of influenza-like respiratory syndrome so far this year, with active surveillance ongoing for viruses such as Influenza A (H1N1), Influenza A (H3N2) — including its K subclade — parainfluenza, SARS-CoV-2, and Respiratory Syncytial Virus (RSV), the latter having a greater impact on the pediatric population. Influenza: More Than 7,000 Cases and 99 Deaths, According to MINSA Regarding influenza, MINSA reported more than 7,000 cumulative cases and 99 deaths nationwide. Of the total fatalities, 86.9% involved unvaccinated individuals, while 91% had underlying risk factors, highlighting the increased risk of severe complications among those without immunization. Health authorities also confirmed that, to date, three cases of Influenza A (H3N2), K subclade, remain confirmed in the country. Call for Early Detection and Timely Care The Director General of Public Health, Dr. Yelkys Gill, emphasized that continuous epidemiological surveillance enables early detection of circulating viruses and the timely adoption of measures to protect the population. “Permanent surveillance allows us to identify early the respiratory viruses that are circulating and to adopt the necessary measures to protect the population, especially high-risk groups,” the official stated. Dr. Gill urged the public to seek immediate medical attention at health centers if symptoms such as fever, cough, nasal congestion, or breathing difficulties appear, noting that early detection reduces the risk of complications. Recommended Preventive Measures MINSA reiterated the importance of maintaining the following preventive measures: Completing vaccination schedules is especially recommended for: Authorities stressed that vaccination remains the primary tool for protection, particularly against severe cases associated with influenza and other respiratory viruses. READ ORIGINAL ARTICLE HERE Food Poisoning: It’s Best to Trust Your Senses Jorge Jesús Rodríguez, a physician with the Ministry of Health (MINSA), stated that in order to avoid food poisoning during traditional year-end meals, it is important to take certain precautions, noting that the first line of safety is oneself. “The first line of safety, whether eating at home or outside the home, is oneself. In that sense, we must trust our senses. The first is sight—if we see something unusual in the food, it is better not to consume it. The next would be smell,” he emphasized in an interview with Nex Noticias. Rodríguez recalled that there is a certain level of risk when food is left exposed for more than two hours after being prepared and served. He therefore recommended keeping hot foods hot and cold foods cold. The physician identified nausea as the first symptom that something is wrong, followed by vomiting, abdominal pain, increasing diarrhea, fever, and loss of appetite. “These are the

Why “Half-Assing” Anything Costs More Than You Think; $500M Loan for Agro & SMEs; Panamá Innova Funds 42 Projects; Corridor to Protect Manatees.

Friday, December 19, 2025. Why “Half-Assing” Anything Costs More Than You Think There’s a quiet habit that creeps into organizations and personal lives alike—half-assing things.Doing just enough to get by. Winging it instead of preparing. Finishing a task technically, but not properly. The problem isn’t just the task itself.The real danger is what it trains your brain to accept. When you consistently cut corners, you condition yourself to operate at the lowest acceptable standard. That mindset doesn’t stay contained to one project—it spills into everything: decision-making, communication, follow-through, and ultimately, character. Over time, “good enough” becomes the default, and excellence starts to feel optional. From the outside, half-assing is visible. People may not always call it out, but they notice. It erodes trust, damages reputation, and quietly redefines how others perceive your reliability and professionalism. In industries where credibility matters, that’s a price few can afford to pay. The truth is, most half-assed work isn’t caused by laziness—it’s caused by poor preparation. When you don’t plan ahead, don’t clarify expectations, or don’t allocate the right time and resources, you end up scrambling. And scrambling almost always leads to shortcuts. Preparation is the antidote. Professionals who consistently deliver quality work do a few simple things differently: Completing a task fully—the right way—isn’t about perfectionism. It’s about respect: for the work, for the client, for the team, and for yourself. If something is worth doing, it’s worth doing properly. Not halfway. Not rushed. Not “good enough.” Because how you do small things is exactly how you’ll be trusted with bigger ones. Brett Mikkelson Director, B.M. Investigations, Inc. – Private Investigations in Panama TOP NEWS and TIDBITS: Panama Canal Delivers US$2.965 Billion to the Government of Panama The Panama Canal delivered US$2.965 billion to the National Treasury, corresponding to economic surpluses, transit tonnage fees, and payments for public services provided by the State. The figure is higher than the US$2.470 billion delivered previously, an increase of about US$495 million. The ceremony was held in the province of Colón, at the facilities of the Fleet and Equipment Administration and Maintenance Division on the Atlantic side, where the President of the Republic, José Raúl Mulino, received the contributions to the State from Canal employees, representing the Canal workforce. Following the approval of the Panama Canal’s financial statements for the fiscal year from October 1, 2024, to September 30, 2025, the Board of Directors declared US$2.372 billion as an economic surplus from the operation of the interoceanic waterway. To this amount, US$591 million in tonnage rights payments were added. The direct contributions also include US$2 million for payments related to public services provided by the State. During fiscal year 2025, the return of lake levels to normal conditions made it possible to maintain a 50-foot draft, even during the dry season. As a result, the average daily number of deep-draft transits reached 33, compared to 27 recorded the previous year, which had been affected by the El Niño phenomenon. The event was also attended by the Minister for Canal Affairs, José Ramón Icaza; the Minister of Economy and Finance, Felipe Chapman; the Canal Administrator, Ricaurte Vásquez Morales; and the Deputy Canal Administrator, Ilya Espino de Marotta, among other guests. READ ORIGINAL ARTICLE HERE MiAmbiente Assures that Audit of Copper Mine Progresses Satisfactorily The Ministry of Environment (MiAmbiente) reported that the comprehensive audit of the Cobre Panamá Mine Project is progressing satisfactorily, fully meeting the established goals and timelines. In this regard, the auditing firm SGS Panamá Control Services Inc. delivered the first progress report, corresponding to the initial phase of the audit process being carried out under its supervision. This report, available on MiAmbiente’s website, documents the activities conducted during the first work period, which focused on interinstitutional coordination, document review, detailed technical structuring of the audit, and the definition of the work methodology in accordance with the established Terms of Reference. Likewise, this first report reiterates that all 370 environmental commitments derived from the Category III Environmental Impact Study (EsIA) will be audited. Annex 1 organizes all of these environmental commitments by number, description, institutional responsibility, and location within the Terms of Reference for verification, ensuring traceability, technical control, and transparency throughout the audit process. At this initial stage, no findings or conclusions are issued, as the audit remains in the information gathering, validation, and analysis phase, prior to the start of field verifications and specialized technical evaluations. In this context, the Ministry of Environment reiterates that the Comprehensive Audit of the Cobre Panamá Mine Project is being conducted under international standards, with technical rigor, independence, transparency, and traceability. Partial and final results will likewise be communicated to the public in due course, as the process advances into subsequent phases. MiAmbiente strictly complies with the publication of environmental information in the country, including that related to the Cobre Panamá Mine, in permanent adherence to the Escazú Agreement on transparency in ecological and environmental management. READ ORIGINAL ARTICLE HERE Copa Airlines Resumes Flights to Venezuela, but Only to Maracaibo Copa Airlines announced that it will resume air operations between Panama and Venezuela, but only through La Chinita International Airport in Maracaibo, after completing a test flight and determining that operating to that terminal is safe and reliable. According to the airline, this decision is part of its process of evaluating operational alternatives to maintain connectivity for passengers traveling to and from Venezuela, following the temporary suspension of flights to Caracas. Copa explained that the airport in Maracaibo has approach systems that mitigate operational risks associated with possible navigation signal intermittencies. Operations between Panama and Maracaibo will begin with a daily frequency starting Saturday, December 20, 2025. Flight CM703 will depart from Tocumen International Airport at 12:14 p.m. (local time) and arrive at La Chinita International Airport at 2:58 p.m. The return flight, CM713, will depart Maracaibo at 3:58 p.m. and arrive in Panama at 4:46 p.m. Additionally, the airline reported that it continues to strengthen its flight frequencies between Panama and the city of Cúcuta, Colombia, a border location adjacent

“Emergency Scam”; Fitch Maintains ‘BB+’ Rating; Government Details Use of $29 Million from Copper; Eight Arrested for Cyber Fraud.

Friday, December 12, 2025. Preventing the “Emergency Scam” Targeting Staff Across Panama, and increasingly throughout Latin America, a highly effective fraud scheme continues to exploit the trust and fear of household employees. The pattern is predictable, yet devastatingly successful: a caller urgently informs a nanny or maid that their employer has been arrested, injured, or is in severe legal trouble and needs an immediate cash payment to secure release. The caller demands jewelry, cash, or other valuables and instructs the employee to hand them over to a “lawyer” waiting outside the home. By the time the truth comes to light, the valuables are gone, the criminals have vanished, and both the family and the employee are left shaken. These criminals rely on speed, fear, and confusion. Their goal is to make the employee act before they think, using a believable script and pressure tactics that make the situation feel real. To protect your household, it’s critical to educate and prepare your staff. A well-briefed employee is the single most effective barrier against this type of fraud. How to Prevent This Scam 1. Establish a Household Security Protocol Make sure every employee knows the golden rule:No one acts on an emergency call without first confirming directly with the employer or the employer’s spouse.No exceptions. 2. Create a “Verification Call List” Provide your staff with: 3. Train Staff to Recognize Red Flags Criminals typically: Your staff must understand that pressure equals fraud. 4. Prohibit Any Transfer of Valuables Make it clear—verbally and in writing—that:No employee is ever authorized to hand over cash, jewelry, or documents to anyone without your explicit confirmation. 5. Encourage Calm and Critical Thinking Let them know: 6. Install Security Measures Instructions to Give Your Maid or Nanny You can include these as a printed list in your home: Final Note These scams succeed not because staff are careless, but because criminals are highly trained in psychological manipulation. A prepared household is a protected household. Clear communication, simple rules, and regular reminders will reduce your risk significantly. Brett Mikkelson Director, B.M. Investigations, Inc. – Private Investigations in Panama TOP NEWS and TIDBITS: Assembly Promotes Forum to Improve Panama’s Investment Grade and Attract More Investment The National Assembly’s Economic Committee launched on Thursday a forum-workshop aimed at evaluating the country’s economic situation and mapping out a roadmap to recover and strengthen Panama’s investment grade, a key indicator for attracting foreign investment and reducing unemployment. Deputy Eduardo Gaitán, a member of the committee and promoter of the event, explained that the investment grade “is not an isolated macroeconomic concept,” but a factor that directly impacts Panamanians’ finances. He compared it to the credit rating banks assess when a person applies for a loan. “The better the country’s financial profile, the better interest rates we will all receive—whether for mortgages, car loans, or personal credit,” Gaitán said. He added that the investment level is closely linked to unemployment: “The higher the investment, the lower the unemployment. That is why this issue is so relevant.” A space with more than 100 economic stakeholdersThe forum will include participation from representatives of the World Bank, the Inter-American Development Bank (IDB), AMCHAM, independent economists, and various multilateral sectors. Key topics to be discussed include:• The current status of Panama’s economy.• Measures to improve the country’s image with credit rating agencies. The objective is for legislative proposals and public policy recommendations to emerge from this forum to strengthen fiscal stability and transparency. Corruption and lack of transparency continue to affect the countryThe deputy acknowledged that governance and transparency remain the main challenges cited by international rating agencies. He noted that practices such as nepotism, conflicts of interest, and public officials engaging in contracts with the State continue to damage the country’s credibility. “These are practices people have come to see as normal, but they are not. And they directly affect the international perception we aim to improve,” he stated. As an example, he mentioned the recent case of a former deputy and former director of Pandeportes who is facing legal proceedings for contracts with the State without proper authorization. Forum expectationsGaitán emphasized that this is the first time the Economic Committee organizes a forum of this scale with all key national and international economic actors. The goal, he said, is for joint efforts to produce clear policies and concrete measures to strengthen Panama’s economy. “The investment grade affects credit, unemployment, and the daily life of every Panamanian. We cannot treat it as an isolated issue,” he stressed. READ ORIGINAL ARTICLE HERE Small Aircraft that Crashed on the Amador Causeway Was Heading to the Calzada Larga Airfield The Civil Aviation Authority (AAC) reported that the authorized investigative team is already conducting inquiries to determine the causes of the small aircraft crash that occurred Thursday morning on the Amador Causeway. According to AAC Deputy Director Abdel Martínez, the flight plan initially listed four passengers; however, at the time of takeoff only two crew members were on board. They were treated by emergency medical personnel following the incident. The institution indicated that the aircraft’s destination was the Calzada Larga airfield. In the area, units from the Fire Department are carrying out cleanup work and fuel removal, while traffic flow is being regulated to avoid congestion. Authorities are advising drivers to avoid traveling through the area. A small aircraft crashed Thursday morning on the Amador Causeway, resulting in two people sustaining minor injuries. READ ORIGINAL ARTICLE HERE Fitch Maintains Panama’s Rating at ‘BB+’, Below Investment Grade Fitch Ratings confirmed on Wednesday Panama’s sovereign risk rating at ‘BB+’ with a stable outlook, highlighting a combination of macroeconomic strengths and persistent pressures on public finances. Panama remains below investment grade for Fitch, which removed it in March 2024. However, the country still retains that status with the other two major agencies, meaning that it is still generally considered an investment-grade economy. In its report, Fitch noted that the country’s profile continues to be supported by a high GDP per capita, low inflation, and macro-financial stability derived from

El Valle; Copa Airlines Suspends Flights to Venezuela; Comptroller Audits Extraordinary Municipal Funds; Minimum Wage Board Enters Final Phase.

Friday, December 5, 2025. El Valle: Where Rest Becomes Wisdom There is a quiet kind of wisdom in learning to slow down. It’s something we often overlook, especially those of us who live in constant motion, managing businesses, solving problems, carrying responsibilities that seldom sleep. But every human being, no matter how driven, needs a moment to step outside the noise. And sometimes, life gives us the gift of a place that makes slowing down feel natural. For us, that place was El Valle. Tucked inside an ancient volcanic crater, El Valle has a way of easing the tension out of your shoulders the moment you arrive. The air is cooler, the mountains are steadier, and the silence isn’t empty, it’s restorative. Our family trip there became more than just a getaway. It reminded us of a truth that philosophers, doctors, and wise people across generations have all agreed on: rest is not an indulgence; it is a requirement for a healthy, meaningful life. We often think of relaxation as something passive, as if it’s simply the absence of work. But true rest is an activepractice. It is the intentional decision to disconnect from obligations, to silence the internal dialogue that tells us we must always be “on,” and to allow our bodies and minds to reset. Science supports this. When we rest: But beyond the science, there is a philosophical side to rest that resonates more deeply. The Stoics taught that tranquility (ataraxia) is a form of strength. That a person who can quiet his own mind is more powerful than one who conquers cities. Rest, then, is not weakness. It is preparation, a returning to the world with renewed clarity and sharper judgment. In El Valle, we felt that truth firsthand. We savored beautiful meals at Fuego in the Hotel La Compañía and at Las Nubes, where the view alone seems to slow time. We wandered from café to café, enjoying hot chocolates as if they were small celebrations. And sometimes, we simply sat together listening to music, napping, or doing absolutely nothing except being a family with each other, not just near each other. No work talk. No deadlines. Just presence. These moments reminded us that harmony at home is not automatic. It needs space to breathe. It needs silence, laughter, shared meals, and the slow rhythm of time enjoyed intentionally. As we move forward with our busy schedules, it’s worth remembering:Rest is not the opposite of productivity. It is the fuel for it.Relaxation is not the enemy of ambition. It keeps ambition from consuming us.And time with family is not a pause from life, it is life. If El Valle taught us anything, it’s that everyone should step away every now and again. Not to escape the world, but to return to it stronger, calmer, and more aligned with the things that truly matter. Brett Mikkelson Director, B.M. Investigations, Inc. – Private Investigations in Panama TOP NEWS and TIDBITS: New ION Building in the City of Health Will Have an Investment of More Than $95 Million A new building for the National Oncology Institute (ION) will be constructed in the City of Health, with an investment exceeding 95 million dollars, according to the Ministry of Health (MINSA). The project is part of the integration process outlined in the agreement between MINSA and the Social Security Fund (CSS), aimed at optimizing the use of available services in this medical complex and strengthening the quality of care for oncology patients. The entity explained that the project will have an estimated execution period of 18 to 24 months and will feature a 9-story infrastructure designed to expand the country’s capacity for cancer care. MINSA announced the construction of the new ION building. Among the planned services are an outpatient chemotherapy room with 90 chairs, 8 beds for prolonged treatments, a clinical and molecular laboratory specialized in hematology, as well as a 6-story parking facility with 272 spaces. The new ION will also offer 92 outpatient consultation rooms, distributed across more than 15 clinical specialties, within a total construction area of 19,670 square meters. New ION building in the City of Health MINSA also detailed that, in 2024 alone, the National Oncology Institute attended 5,290 first-time patients in Outpatient Consultation. By province, the highest number of cases was recorded in Panama with 2,156 patients, followed by Panama Oeste with 854, and Chiriquí with 629. Regarding gender distribution, 3,224 women and 2,066 men were attended. Of the total number of patients, 71% were insured and 29% uninsured, reflecting the nationwide reach of the public oncology system. READ ORIGINAL ARTICLE HERE Panama Canal Defines Prequalification Requirements for Port Projects and the Gas Pipeline The Panama Canal will evaluate financial strength, prior experience, operational capacity, performance in similar projects, and management of cost overruns as the central criteria to determine which companies may prequalify for the port projects and the gas pipeline. Elements such as the operator’s relationship with the host country and other technical factors established in the bidding documents—scheduled to be published between December and January—will also be considered. “The interest is there, and now what we need is to determine how they can get through the prequalification process—that is, how they can participate and which ones do not qualify for technical or financial reasons,” explained the administrator of the Panama Canal, Ricaurte Vásquez. He added that the entity is compiling all the questions received in order to adjust the contracting concept and align it with what the market can finance. “The Canal cannot issue a contract that nobody understands,” Vásquez stated during a meeting with EditoRed, the Association of Media Editors of the European Union, Latin America, and the Caribbean. The Canal has concluded individual meetings with representatives of companies interested in the gas pipeline and is meeting this week with those interested in the ports. The Panama Canal’s plan includes the construction of the new Corozal and Telfers port terminals, with an estimated investment of 2.6 billion dollars. These projects would increase the country’s transshipment capacity by about

Giving Thanks; Panama to Formalize Mercosur accession; Moody’s Warns about Key Canal Projects; Canal Advances Prequalification for New Terminals and Gas Pipeline.

Friday, November 28, 2025. Giving Thanks, Always With Thanksgiving now in the rearview, we’re reminded that gratitude is not meant to be confined to a holiday, it is meant to be lived every day as a discipline of the mind. The Stoics taught that the quality of our lives depends less on what happens around us and more on the lens through which we choose to interpret those events. Gratitude sharpens that lens. It roots us in the present moment and reveals value in places we often overlook. The holiday gives us a pause, a chance to acknowledge blessings that are easy to ignore in the rush of our daily responsibilities. But the deepest form of appreciation isn’t found around a dinner table; it rises quietly in the small, unremarkable moments we tend to dismiss: the morning light through a window, a simple meal shared, a conversation that brings clarity, the presence of those who stand with us through both triumph and hardship. Marcus Aurelius reminded himself each morning that he would meet challenges, frustrations, and difficult people, yet still be grateful, because each difficulty was an opportunity to practice virtue. Seneca wrote that no man becomes wise by accident; wisdom is shaped by what we choose to notice and how we choose to respond. Gratitude, practiced daily, is one of the most powerful responses available to us. It turns ordinary days into meaningful ones. It teaches us resilience by shifting our focus from what is missing to what remains. And in a world that moves fast, often too fast, gratitude is a way of slowing the internal noise. It aligns us with what truly matters, cutting through distraction and excess. It strengthens our inner foundation, allowing us to lead with calmness instead of urgency, awareness instead of impulse, and purpose instead of reaction. As we move through the season ahead, it’s worth remembering that the most important parts of life rarely come with ceremony. They reveal themselves in moments so quiet they’re easy to miss. When we train our minds to seek them out, we not only become more centered, we become more present for the people who depend on us, more grounded in our work, and more capable of meeting each day with clarity and strength. Thanksgiving may be behind us, but its lesson remains: gratitude isn’t an event. It’s a way of living. Brett Mikkelson Director, B.M. Investigations, Inc. – Private Investigations in Panama TOP NEWS and TIDBITS: Panama Canal Prepares Prequalification for New Port Terminals and Advances in Gas Pipeline Process Panama Canal Administrator Ricaurte Vásquez indicated that the entity “wants to carry out the prequalification at the end of December, or possibly in January,” for the new port terminals the Canal administration plans to develop. The details known so far indicate that the project includes the development of two terminals in Corozal and Telfers, with a combined capacity of nearly 5 million TEUs per year and an estimated investment of US$2.6 billion. The award is expected by the end of 2026, with operations beginning in early 2029, and only companies that prequalify will be able to continue in the process. “As fast as that. This window of opportunity will not be open for long,” he warned during his presentation at the monthly luncheon of the Panamanian Association of Business Executives (APEDE). The objective is to expand transshipment capacity, strengthen Panama’s position as an intermodal hub, and respond to the reality that the interoceanic area is currently operating at its limit. The proposal also incorporates specialized infrastructure criteria and progressive environmental standards. “We need to begin a process of individual conversations… we will begin the individual conversations next week (Monday),” he noted. The Canal held the first meeting of the process on October 27, during which port operators and shipping lines were invited to provide feedback on the initiative. Nineteen companies with experience in container port operations and liner shipping participated. Among them were APM Terminals, Cosco Shipping Ports, CMA Terminals, DP World, Hanseatic Global Terminals, MOL, PSA International, SSA Marine–Grupo Carrix, and Terminal Investment Limited; as well as representatives from CMA CGM, ONE, Evergreen, Hapag Lloyd, HMM, Maersk Line, MSC, OOCL, COSCO, Yang Ming, Port of Houston, and ZIM. The Canal has capacity“In fact, the Panama Canal has the capacity for up to four terminals: two on the east bank—Corozal and Telfer—and two on the west bank, including Sherman and Velásquez,” the administrator explained. When asked about the participation of Chinese companies, the administrator reminded that the legal framework requires the process to remain open. “The principle is that, under the neutrality treaty, we must be open to the participation of all interested parties,” he said when questioned about whether companies from that country would be included. He explained that starting next week, they will hold meetings with all companies that expressed interest during the presentation held in October. The administrator reiterated that all assets developed under this scheme will be owned by the Panama Canal and therefore protected by the neutrality treaty. Gas Pipeline Regarding the gas pipeline, Vásquez explained that they are currently in a round of meetings with interested companies. “At this moment, we are holding virtual meetings with interested parties. Remember that 45 companies attended the presentation held in Panama on September 18. We had in-person meetings in Houston last week, and the rest of the meetings will be held via teleconference from Monday through Thursday,” he detailed. He added that these meetings “should conclude this week” concerning the gas pipeline. Regarding the current level of interest, he noted that “there are 17 entities that are in discussions with us in this first stage,” during which information is analyzed, along with possible volumes and long-term contracts needed to support financing. Vásquez made it clear that the Canal will seek to limit its financial risk in this project. “In this type of project, the Panama Canal will not risk its assets. It will be financed; we will make a capital contribution,

Panama Makes History…Again!; AIG to Contract Telecom Services with $39 Million Savings; Chiquita to Resume Production and Reach Full Exports in 2026; Luggage Tag-Swapping Network Operated in Tocumen.

Friday, November 21, 2025. Panama Makes History…Again! Panama is celebrating in a way only Panama can. With an impressive 3–0 victory over El Salvador, our selección has officially secured its place in next year’s World Cup, becoming the only Central American nation to advance. This triumph is more than a win on the pitch; it is a statement of identity, perseverance, and national pride. For a country of just over four million people, reaching the World Cup is not something inherited, it is earned with sweat, discipline, and a belief that anything is possible. Panama’s last appearance on the world stage was in 2018, a historic debut where the team learned, fought, and showed the world the unmistakable grit of the Panamanian athlete. That moment ignited a permanent flame in the hearts of fans nationwide. Today, that flame burns even brighter. This qualification is symbolic. It arrives during November’s mes de la patria, when Panamanians celebrate their independence from Colombia, their separation from Spain, and the stories that shaped this republic. The country is already covered in red, white, and blue, but now that flag flies even higher. You can feel the energy everywhere: This is the kind of joy that reminds us what Panama stands for: resilience, pride, and the unbreakable bond of its people. As we continue this month with parades, civic events, and national celebrations, the win against El Salvador has given the country a powerful emotional boost, a perfect opening to a month already filled with patriotism. In the days ahead, expect a Panama that celebrates louder, smiles wider, and walks with a little more swagger. Because qualifying for the World Cup, especially as the region’s sole representative, is a milestone that will echo long after the final whistle. Today, Panama doesn’t just advance in football. Panama advances in spirit.And the world will be watching and screaming when Panama scores their first goal. Brett Mikkelson Director, B.M. Investigations, Inc. – Private Investigations in Panama TOP NEWS and TIDBITS: Civil Aviation Authority to Purchase Land on Isla Colón for Expansion of the Local Airport The Cabinet Council has approved the Civil Aviation Authority (AAC) to purchase a property on Isla Colón, in the province of Bocas del Toro, for 6 million dollars, in order to move forward with the expansion of the local airport. The property, owned by Héctor Fitzgerald, covers an area of 13 hectares, 9,988.618 square meters, and 618 square decimeters (13 Has + 9,988.618 m²). With this acquisition, the AAC will be able to carry out adjustments and improvements to the airport facilities to expand operational capacity, allowing for a greater number of simultaneous operations. In addition, the aim is to increase passenger flow, ensure compliance with operational safety standards established under current regulations, and strengthen Isla Colón as a strategic tourist destination for Panama. READ ORIGINAL ARTICLE HERE Chiquita to Resume Production in January and Reach Full Export Capacity by Late 2026 The banana industry in Bocas del Toro is moving toward recovery. This Tuesday, President José Raúl Mulino held a meeting with the president of Chiquita Panamá, Carlos López Flores, to review the progress of the company’s farm reactivation process and agricultural operations, which have been halted since the illegal strike that occurred in early 2025. According to López Flores, Chiquita Panamá has already incorporated 2,000 workers under various hiring modalities to accelerate the cleaning and preparation of the farms. This week, the company will begin signing direct contracts with the goal of restarting banana production and exports in January 2026, and expanding its workforce to 5,000 employees by February of next year. The company president highlighted that the process is advancing even better than expected. “The plantation is in better condition than we estimated, and we expect to continue with the plan at a slightly faster pace,” he said. The projection is that between February and March 2026, production will reach full capacity. Additionally, by the end of that same year, banana exports—in both tons and boxes—are expected to return to pre-shutdown levels. The meeting also included the participation of the Minister of Commerce and Industries, Julio Moltó; the Minister of Labor and Workforce Development, Jackeline Muñoz; and Executive advisers. Both ministries have been supporting Chiquita at each stage of the process, in accordance with the Memorandum of Understanding signed between the Government and the company last August. Moltó emphasized that compliance with the memorandum has been key to advancing the recovery of the country’s main agricultural export product. Muñoz, for her part, noted that many of the new jobs are being filled by young people and women from the province. “President Mulino is 100% committed to the economic reactivation of Bocas del Toro,” she said. The company reiterated its confidence in Panama and expressed gratitude for the government’s support in restoring an operation that is strategic for the local economy, employment, and the country’s exports. READ ORIGINAL ARTICLE HERE No More Pennies in Panama: Banco Nacional Proposes Price Rounding to the Ministry of Economy and Finance (MEF) The U.S. government’s decision to halt the production of one-cent coins has sparked an immediate debate in Panama, a country whose economy uses the U.S. dollar. In anticipation of the impact on daily transactions, the National Bank of Panama (BNP) has submitted a formal proposal to the Ministry of Economy and Finance (MEF) to implement price rounding. The U.S. measure, driven by President Donald Trump, seeks to reduce the high production costs of the lowest-denomination coin, which exceed its actual value. The Dollar Effect in PanamaIn the United States, the measure aims to save the Treasury millions and modernize the monetary system. However, in Panama, where the dollar circulates alongside the balboa, the National Bank has moved quickly by proposing rounding to mitigate the shortage of one-cent coins and to establish a clear mechanism for cash transactions. Trump Justifies Public SavingsThe decision to eliminate the penny is based purely on economic criteria. U.S. economists have been pointing out for more than a decade that the coin is no

Leadership; Ministry of Security Updates Methods for Identifying Foreigners in Panama; Amber Alert; Regulation of Electronic Cigarettes.

Friday, November 14, 2025. Leadership: Honorable Principals to Live By This past week marked two important moments in American tradition and service: the birthday of the United States Marine Corps and the observance of Veterans Day. For many, these dates are reminders of uniforms, ceremonies, and military history. But for those who have served, and for those who work alongside veterans every day, they carry a deeper meaning. The Marine Corps is known not only for its discipline and battlefield legacy, but for its uncompromising standard of leadership. Marines are trained to lead with clarity, decisiveness, loyalty, and personal accountability, qualities forged in conditions most people will never experience. And yet, these same principles have tremendous value far beyond the military. Whether in business, in our families, or in the daily decisions that shape who we become, the Marine Corps’ leadership philosophy offers a blueprint for excellence. Knowing yourself, setting the example, communicating clearly, taking responsibility, training as a team; these are not only the foundations of military success. They are the foundations of a successful life. These same principles guide the way we work inside our investigations office every day. When we take on a case, we incorporate the discipline of clear communication so clients are never left in the dark. We train our team to operate as one cohesive unit, investigators, analysts, administrators, field specialists, each person understanding their role and supporting the next. We emphasize responsibility and accountability by ensuring every report is accurate, every lead is verified, and every conclusion is backed by evidence, not assumption. We set the example by meeting deadlines, maintaining professionalism under pressure, and treating every case, whether corporate, legal, or personal, with integrity and vigilance. These Marine Corps principles are not abstract; they are active, practical, and part of the daily rhythm of how we conduct investigations with excellence. As we honor the men and women who served, Marines and veterans from every branch, it’s worth pausing to recognize that the qualities they exemplify are lessons for all of us. Leadership is not a rank. It is a practice. And the 11 principles that guide Marines can be adapted to strengthen our companies, elevate our personal standards, and improve how we show up for each other every single day. This month, as we reflect on service and sacrifice, we also reflect on leadership. The kind that builds strong teams, strong families, and strong character, the kind every one of us can strive to live by. Brett Mikkelson Director, B.M. Investigations, Inc. – Private Investigations in Panama TOP NEWS and TIDBITS: Ministry of Security Updates Methods for Identifying Foreigners in Panama According to the new provision, members of the National Migration Service and public security forces are authorized to request identification from any foreigner. The Ministry of Public Security has modified, as of Wednesday, November 12, the methods for identifying foreigners present in the country. Through Executive Decree No. 84 of November 11, 2025, Article No. 1 of Executive Decree No. 804 of December 22, 2009, regarding the identification of these individuals, has been amended. According to the new provision, members of the National Migration Service and public security agencies are authorized to require identification from any foreigner within the country, in compliance with current immigration regulations. The decree maintains the requirement that all foreigners must carry identification documents at all times. However, it updates the procedure by incorporating technological mechanisms to verify identity more quickly and efficiently. The document, signed by President José Raúl Mulino and the Minister of Public Security, Frank Ábrego, establishes that the measure aims to strengthen immigration controls and improve the monitoring of foreigners’ stay in the country. In addition, the decree cites as its legal basis the Constitution, Law No. 3 of February 22, 2008, and its subsequent amendments, which regulate the functions of the National Migration Service. READ ORIGINAL ARTICLE HERE They Clarify that the Dissemination of Images in Amber Alert Cases Must End Within 24 Hours, According to the Law The National Amber Alert System reminded the public this Tuesday, November 11, through an official statement, that the dissemination of the image of a child or adolescent reported missing may only remain active while the alert is in effect, and for a maximum of 24 hours, as established by Law 469 of 2025. Once this period has expired, authorities must remove the data and images from media outlets and digital platforms in order to protect the identity and safety of the minor. If the child or adolescent has not been located within 24 hours, the case will be referred to the Specialized Unit for Missing Persons of the Public Ministry, the entity responsible for initiating a formal disappearance investigation. “In order to keep the public informed, statements will be issued for each recovered minor. These statements will be published for a maximum of 48 hours, exclusively for public knowledge,” the official release states. According to the regulations, the image of minors will only be disseminated while the alert remains active and within the legal time frame established, in order to respect their right to privacy and personal security. Each information release regarding the location of a minor will include the child’s initials, the type of disappearance, and the dates of disappearance and recovery, written in a way that preserves the minor’s identity and guarantees their rights, in compliance with Law 285 of 2022, which protects Panamanian children and adolescents. The current legislation reaffirms the principle of the best interests of the child and the State’s obligation to safeguard their privacy, preventing any undue public exposure that could affect their well-being. READ ORIGINAL ARTICLE HERE Green Light Given for the Purchase of 4 Aircraft Worth Over $76 Million The Government of Panama has given the green light for the purchase of four “Super Tucano” aircraft for more than 76 million dollars—an investment aimed at strengthening the country’s air and maritime surveillance and delivering a direct blow to organized crime and drug trafficking affecting Panamanian

November in Panama; Four Malaria Deaths in Panama; “Vishing”; Transparency in International Agreements.

Friday, November 7, 2025. November in Panama: A Month of Independence, Parades, and Peaceful Chaos If you’ve been in Panama for more than five minutes this month, you’ve likely noticed that something’s… different. The streets of Panama City feel eerily calm, restaurants that are normally bustling with chatter have fallen silent, and your favorite barista may have vanished, probably to the interior. Welcome to Panama’s Independence Month, a time when the nation takes well-deserved pride in its history and everyone takes off to celebrate it. The first few days of November mark the separation from Colombia, and the city becomes a ghost town. This year was no exception. For five straight days, Panama City felt almost cinematic in its emptiness. Our family decided to spend a night at one of the city’s hotels, only to find ourselves as the sole diners in the restaurant. The bartender, who looked like he hadn’t seen a customer in days, practically lit up when we walked in for a cocktail to close out the evening. Even restaurants in Casco Viejo, normally teeming with tourists and locals alike, were shutting down for the holidays. “We’re closing for the celebrations,” one manager told us cheerfully, as though this were the most natural thing in the world. And truthfully, in Panama, it can be. But don’t think it’s over just yet. The 10th of November, commemorating the Cry for Independence in Los Santos, and the 28th of November, marking independence from Spain, are still ahead. Each brings its own round of parades, patriotism, and, yes, gridlock. So, what’s the takeaway for those of us who call Panama home but weren’t born here? Simple: embrace it or escape it.  Either join the locals in the joyous celebrations, or plan ahead, stay off the roads, and let the country have its well-earned month of festivity and pride. Whichever route you choose, one thing’s certain: by December, life (and traffic) will be back to normal. OK, just kidding, traffic will actual start getting worse as we celebrate Mother’s Day, decimotercer mes and last minute shopping.  For now, enjoy the quiet, or the chaos, depending on where you stand. Brett Mikkelson Director, B.M. Investigations, Inc. – Private Investigations in Panama TOP NEWS and TIDBITS: Four Malaria Deaths Reported in Panama So Far This Year Four malaria-related deaths have been reported so far in 2025, according to Carmen Pérez, head of the Vector Control Department at the Ministry of Health (Minsa).According to Pérez, two of the deaths occurred in the Panama East region, one in Veraguas, and one in the metropolitan region. As part of Malaria Day in the Americas, Pérez explained on TVN Noticias that malaria is a parasitic disease transmitted by the Anopheles mosquito, and that its control is particularly challenging in tropical countries like Panama, as humans continue to encroach upon the mosquito’s natural habitat. The official noted that Panama has seen a sustained increase in malaria cases since 2018, a trend also observed in other countries in the region such as Costa Rica, Colombia, Nicaragua, Peru, Brazil, and Venezuela. She recalled that in 2023, Panama declared an epidemiological alert due to an increase in cases beyond expected levels. Among the factors potentially contributing to this rise, she mentioned climate change, increased rainfall, and human mobility. Pérez specified that internal mobility within the country has had a greater impact on the spread of the disease than external mobility associated with foreign nationals. She added that Minsa is strengthening the work of community agents, who are being trained to provide support in areas with limited access to health services. The specialist urged anyone experiencing symptoms such as fever, headache, general discomfort, vomiting, or nausea—and living in endemic areas such as Panama East, Darién, Guna Yala, northern Veraguas, or the Ngäbe-Buglé comarca—to visit the nearest health facility or contact vector control technicians or community agents for timely care. READ ORIGINAL ARTICLE HERE Importance of Transparency in the Negotiation of International Trade Agreements In the case of the negotiation with Mercosur, the majority of the population must be fully aware of what is currently being negotiated and of the commitments that will have to be fulfilled later on. The Government of the Republic of Panama has pushed forward our country’s incorporation into economic and commercial agreements such as the OECD and Mercosur at such an impressive speed that, in good Panamanian slang, one could say it is going “like a bullet”—and while this is fine, it may be too fast. When the Canal Treaties were being negotiated, General Torrijos stated that no treaty would be signed unless it first went through a discussion at the University of Panama—and so it was, in a historic session where the negotiators went to the University Auditorium and explained in detail what had been negotiated. This was not the experience with the mining contract, which—due to its broad scope—seemed more like a treaty between Panama and a company. As a consequence of this lack of transparency, the contract was rejected both legally and by the public. Everything seems to indicate that with the current administration, we may face the unfortunate experience of negotiating and approving agreements that very few truly understand. It has been said, regarding Mercosur, that “there is no need to be afraid since what is being negotiated is not a free trade agreement.” In this regard, it must be noted that while it is true that the current negotiation is not about an FTA, those familiar with economic integration frameworks know that these preliminary agreements will later serve as the basis for joining an integration scheme that—much like the European Union—could eventually lead to monetary unions. In other words, they will indeed end up being much more than a Free Trade Agreement. The negotiation of international trade agreements does not always result in a scenario where all parties benefit equally. In some cases, one side may not receive all the benefits it expected. The fundamental mechanism for mitigating the potential negative impacts of these agreements is to conduct negotiations with the highest

The Quiet Before the Turning; BAC Announces Intention to Acquire Multibank; President Mulino Enacts the 2026 General State Budget.

Friday, October 31, 2025. The Quiet Before the Turning Lately, I’ve been feeling like the world’s holding its breath. You can sense it, not just in the headlines, but in people. The tension, the uncertainty, that quiet just before something shifts. I’ve seen moments like this before, both in life and in my line of work. They’re thresholds or pauses between what was and what’s about to be. Some call it politics, others economics. But I suspect it’s something deeper, something that runs through all of us. You can almost feel the fabric of things stretching. Nations on edge, markets built on air, people drifting from one distraction to the next. The noise might seem random, but it’s not. It’s the sound of change knocking. But thresholds aren’t warnings, they’re invitations. They tell us it’s time to prepare, not to panic. To take inventory of what actually matters: family, integrity, discipline, faith, brotherhood. I don’t believe prophecy is about predicting dates or disasters.  It’s about recognizing patterns and learning from them before they repeat. When the world gets loud, the wise go quiet.  They listen and build their foundation while others debate whether the storm is real. That’s actually how this newsletter began. Back in early 2020, an expat friend here in Panama was completely oblivious to what was about to happen. The government was hours away from shutting down the entire country, and he was out in Chiriquí, laughing with a friend who’d just flown in from the States. He had no idea the borders were closing, the airports were shutting down, and that life as we knew it was about to change. It struck me then that most people don’t see the signs until they’re living inside them. So that’s what this space became: a place to pause, to think, to inform, to stay aware. A reminder that the signs are always there, if you’re paying attention. Every turning begins quietly and maybe that quiet is exactly where we should be listening. Brett Mikkelson Director, B.M. Investigations, Inc. – Private Investigations in Panama TOP NEWS and TIDBITS: BAC Announces Intention to Acquire Multibank, Both Belonging to the Grupo Aval Conglomerate When BAC Holding International Corp. (BHI) announced this week its intention to acquire 99.56% of the shares of Multi Financial Group Inc., the parent company of Multibank, the news sparked curiosity: how do you announce a purchase between two banks that already belong to the same financial group? Both BAC and Multibank are part of the Colombian financial conglomerate Grupo Aval, which acquired BAC Credomatic in 2010 and, ten years later, purchased Multibank through its subsidiary Leasing Bogotá S.A. Panama. Since then, both entities have operated independently, each with its own structure and corporate governance, though under the same Aval umbrella. The operation announced now aims to reorganize these pieces. If completed, Multibank will no longer be under the direct ownership of Banco de Bogotá — also part of Grupo Aval — and will be integrated into the structure of BAC International Corporation (BIC), a subsidiary of BHI, based in Panama. BAC is a company listed on the stock exchanges of Panama and Colombia and operates as an independent financial group in Central America, with a presence in six countries. With this integration, the consolidated entity would rank among the three largest banks in Panama, with over $43 billion in assets and a loan portfolio exceeding $30 billion. “BAC is at the best moment to carry out this transaction. In recent years, we have grown consistently and sustainably, which allows us to aspire to complete this acquisition,” explained Rodolfo Tabash Espinach, Chairman of BIC’s Board of Directors and CEO of BAC. Meanwhile, Ramón Chiari Brin, CEO of BAC Panama, highlighted that the decision reflects “the confidence that Panama generates as an engine of economic growth in the region.” During the transition, both banks will continue operating normally until approvals are obtained from shareholders, boards of directors, and regulatory authorities. The story behind the reorganization The operation has its origin in a decision made three years ago. In 2022, Grupo Aval and Banco de Bogotá completed a corporate reorganization that separated the operations of the BAC Credomatic Group — responsible for banking in Central America — from Banco de Bogotá’s operations in Colombia. With this spin-off, BAC became a completely independent company under the name BAC Holding International Corp. (BHI), headquartered in Panama. According to the company’s statement to SNIP Noticias, the goal was to simplify the group’s structure and provide greater transparency and value to shareholders. BAC had grown so much in the region that it represented a significant portion of Banco de Bogotá, which made management and business evaluation more complex. Separating the operations allowed Banco de Bogotá to focus on its local market, while BAC leads its expansion in Central America with autonomy. Investors, in turn, can value each business individually. Before the separation, BAC was indirectly controlled by Banco de Bogotá through its subsidiary Leasing Bogotá S.A. Panama. With the spin-off, BHI became a fully independent entity, focused exclusively on regional banking and financial services in Central America, while Banco de Bogotá and Grupo Aval maintained their focus on Colombia. Today, the integration of Multibank into BAC represents the next step in that reorganization process. BAC is now a separate company, with its own structure and shareholders, capable of growing in the region independently, while Banco de Bogotá and Aval concentrate their efforts on the Colombian market. READ ORIGINAL ARTICLE HERE They Create Program to Track Containers Entering and Leaving the Country The Cabinet Council approved this Tuesday the Decree “Establishing the Interinstitutional Coordination and Intergovernmental Assistance Program for Cargo Verification in the Territory of the Republic of Panama and Issuing Other Provisions.” Under this new regulation, all containerized cargo entering, transiting, transshipping, or leaving the national territory may be inspected using non-intrusive technology. This includes empty containers, when so determined, either selectively or randomly, applying selectivity criteria in accordance with international best practices

When “Cultural Immersion” Becomes Educational Neglect; Panamanian Government Expropriates Isla Margarita; Panama and Paraguay Strengthen Economic and Logistics Partnership.

Friday, October 24, 2025. When “Cultural Immersion” Becomes Educational Neglect: A Word of Caution About Public Schools Abroad Dear Expats with kids to Panama: It’s easy to romanticize the idea of sending your children to a foreign public school to “toughen them up” or to “let them learn Spanish and local culture.” The thought carries an appealing simplicity because as we know children adapt quickly, they’ll learn the language, and they’ll see the world from another perspective. But let’s be clear: immersion is not education. And using the Panamanian public-school system (or most foreign public systems, for that matter) as a substitute for a structured, accredited education can have serious long-term consequences. The Reality of Panama’s Public Schools Panama’s public education system faces the same challenges seen across much of Latin America: underfunded facilities, large class sizes, inconsistent academic standards, and occasional teacher strikes that disrupt the school year. Some schools do an admirable job with limited resources, but overall, the system was never designed to accommodate or educate foreign students temporarily visiting the country. For expat families who place their children in a public school “just to learn Spanish,” the outcome is often a net loss in academics. A few months without math, science, or structured reading programs might not sound alarming, until those gaps begin to compound. Children returning to their home country frequently struggle to reintegrate academically, having lost ground in key areas that affect college readiness and long-term development. What It’s Not Meant To Be Public schools in Panama aren’t language-immersion camps or cultural boot camps. They are community institutions built to serve local populations, many of whom face their own educational hurdles. Expecting these schools to “toughen up” foreign children or to simply offer a window into Latin culture is unrealistic and arguably irresponsible. At worst, it can border on educational neglect, especially if parents intentionally forgo core subjects in favor of a cultural experience. A Smarter Way: Short-Term Cultural Exchange That said, the value of immersion is real when approached thoughtfully. If parents want their children to experience Panamanian culture and language, there’s a balanced way to do it: Balance Is the Key Your child’s education is the foundation for their future. Language and culture are powerful additions, but not at the expense of science, mathematics, or critical thinking. The best educational experiences, whether in the U.S., Panama, or anywhere else, are those that balance academics, culture, and safety. If you truly want your children to grow resilient and worldly, make sure you’re not trading their future learning potential for a misguided notion of “toughness.” A balanced education will always serve them better than a misplaced experiment in cultural exposure. Brett Mikkelson Director, B.M. Investigations, Inc. – Private Investigation in Panama TOP NEWS and TIDBITS: Panamanian Government Decrees Expropriation of Isla Margarita for Atlantic Logistics Projects The Executive Branch published in Official Gazette No. 30390-C the decree declaring the expropriation of lands on Isla Margarita, in Colón Province, with the purpose of allocating them for new logistics and port developments of public interest. The document states that the measure applies to the properties registered under Desarrollo Inmobiliario Margarita, S.A., linked to a project that years ago had been concessioned to Panama Colón Container Port, S.A. for the construction of a port on the Atlantic coast. According to the Gazette, the concessionaire company did not carry out the works nor comply with the technical and financial conditions established, which led to the declaration of the contract’s expiration. The decree indicates that, despite the revocation, the area continued to have occupations and possession claims that prevented the State from fully disposing of the land. For this reason, it was decided to declare its expropriation for reasons of public utility and national security. The Ministry of Economy and Finance was designated as the entity responsible for executing the process and determining the corresponding compensation, based on the commercial value of the property as determined by the Directorate of Cadastre and State Assets. Direct negotiation with the owners is also authorized before resorting to judicial proceedings, ensuring that the expropriation does not proceed without the guarantee of fair and prior payment. The decree concludes that the expropriated lands will be allocated to logistics and port projects within the strategy to expand the Atlantic logistics corridor, in coordination with the Panama Maritime Authority and other competent entities. READ ORIGINAL ARTICLE HERE Questionnaire to Prevent Lawyers and Accountants from Being Used in Illegal Schemes The Superintendency of Non-Financial Subjects (SSNF) has invited all lawyers and accountants engaged in activities covered under Law 124 to complete a questionnaire that the institution will send. This questionnaire is intended to help these professionals avoid being used in illegal schemes. “Neither the SSNF nor Law 124 regulates the profession of accountant or lawyer, but it does regulate certain activities they perform on behalf of third parties that could be used in money laundering, terrorist financing, or proliferation of weapons of mass destruction schemes,” said Gustavo Gordón, Deputy Director of the SSNF, on Reporte Estelar, Julio Miller’s program on Kw Continente. Among the activities are advising on real estate purchases and sales, managing money and securities or bank savings or investment accounts, organizing contributions for the creation of companies, creating these companies, buying and selling legal structures, providing registered addresses, acting or arranging for someone to act within a trust, and activities as a resident agent. Gordón explained that the form lawyers and accountants must fill out is designed to assess “our risks in money laundering and terrorist financing matters.” “The self-assessment questionnaire is so that the subject understands the risks their professional practice might face due to lack of control measures and to avoid being used in money laundering or proliferation of weapons of mass destruction schemes,” he added. He assured that the questionnaire is a self-assessment tool in which these professionals will understand what tools they do or do not have within their internal procedures to prevent being used in such schemes. “The aim is to determine