The state electricity transmission company is considering not holding any more special tenders for generators that use renewable resources, which will have to compete with all types of generators.
Representatives from the Electricity Transmission Company (Etesa) reported that with the modifications that are being made to the law, in future tenders for energy supply will compete with all other kinds of generation forms.
In Panama, a bill put forward by the Varela administration proposes that tax fraud of $300 thousand or more be classified as a criminal offense, and punished with 1 to 3 years in prison.
The Ministry of Finance and Economy insists that the country is at risk of being included once again in the gray list of the Financial Action Group if tax evasion is not considered a crime.Panama is one of the few countries where tax evasion is not considered a criminal offense.
Entrepreneurs, environmentalists and authorities have formed a committee to review the legislation on processes for obtaining environmental permits.
The commission, which includes members of the Panamanian Association of Business Executives (APEDE) aims to have a draft ready by October of a new proposal to be submitted for public consultation. Among the rules to be reviewed, is the categorization of the studies, which should "...
The Panamanian Association of Business Executives is calling for the suspension of the enforcement of the effects of the provision, pending gaining the necessary consensus.
A statement by the Panamanian Association of Business Executives (APEDE) reads:
APEDE requests suspension of effects of Law No. 72 of 2012
Given the shift in the decision taken by the National Assembly to approve Law No.