From El Panama America as reported by Don Winner: About $3.9 billion dollars will be invested over the next four years for the construction of 22 new sources of power generation in Panama. These projects will generate approximately 1,061 megawatts (MW) to be added to the current installed capacity of about 1.208 MW – which […]
La Estrella reported recently: The companies who will be building the expansion of the Panama Canal are about to kick of a recruitment drive to hire the necessary workforce. The project is expected to generate literally thousands of all different types of jobs. Specifically the “Grupo Unidos por el Canal” (Group United For The Canal) […]
By Jovany Morales – Panama Economy Insight Panama’s government announced this month that Panama’s GDP grew 2.4% in 2009. This growth came despite one of the worst global economic turmoil since the Great Depression of the thirties. Panama’s economy was very strong before it happened bankruptcy of Lehman Brothers in the U.S., which sparked the global economic crisis, and managed […]
NEW YORK, March 23 (Reuters) – Fitch Ratings upgraded its credit rating for Panama one notch to BBB-minus on Tuesday, becoming the first rating agency to give it coveted investment grade status, citing a sustained improvement in public finances underpinned by tax reforms. The upgrades reflect a sustained improvement in public finances, underpinned by recent tax […]
When I tell people back home in Miami why I live in Panama they look at me funny, cooler climates? Yes, I live in the mountains, kind of like Aspen in the summer. The town is called Boquete and it is in the province of Chiriqui in the western highlands of Panama. Their are a […]
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PANAMA. With the investment climate continuing to deteriorate back in the US, more of my friends are asking me how I am doing here in Panama and what is the attraction to investing here. To that I answer a simple fact that speaks to the fundamentals of investing anywhere – Growth. Before I get into […]
OK, first the serious stuff. Latin America and the Macroeconomic Forecast Just over a year ago, things looked pretty gloomy down here as with most of the World. Demand took a nose dive and Latin America and the Caribbean exports dropped by more than a third in just six months. Oil had gone from $147 […]
” WELCOME TO PANAMA!! ” This was music to my ears as I saw the greeter open the door to the second huge bus loaded with tourists from the States after it pulled into the Marriott Courtyard at Multiplaza Mall. The hotel was full despite numerous surveys stating that it should be otherwise. Something in […]
As 2009 came to an end, we closed escrow on another deal on the morning of the 31st back in the US and started celebrating the New Year early. 2009 was a turbulent year and most of my clients who listed and sold property with me through the run up were happy to have gotten […]