Panama will soon have a world class convention center to add to the incredible amount of classy projects already here in the City. The consortium Ayesa Panama has won the contract to project manage the construction of the new convention center in Amador. The Tourism Authority of Panama (ATP) has awarded a $4.5 million contract […]
This is a good story from Reuters about the coffee boom in Korea. South Korea’s coffee shop craze is frothing over. In fashionable retail and commercial districts of southern Seoul, nearly one in every two buildings boasts a coffee shop – evidence of a boom that has delivered dizzying growth for the likes of Starbucks […]
We have listed 2 Golf III Villas for sale. This first one has a loft and a Golf membership valued at $25,000. They are great places to live in and make excellent vacation rental investment properties as well. Click on the above picture to see some aerial photos. Click on the following picture […]
The law passed by the Assembly provides incentives to the construction, operation and maintenance of solar power plants and installations. From a statement issued by the National Assembly of Panama: In order to promote the establishment and operation of photovoltaic systems, the legislative plenary approved Bill 267, in a third debate, which amends and adds […]
The port authority will receive bids until May 23 for the tender, once again, of the design, construction, operation and maintenance of Aguadulce port. The Panama Maritime Authority tried to tender last year the design, construction, operation and maintenance of a port terminal in Aguadulce, Cocle province. However, although there were 19 companies interested in […]
Estimations are of an increase of 10.5% for 2016 and 14% for 2017, after a 7% increase was registered in 2015, compared to the previous year. In January 2016 alone, the number of new buildings in the main districts of the country amounted to 448, “… with a value of around 161 million Balboas, with […]
This is a great article from The Miami Herald that discusses Miami. This is one market out of hundreds where hidden wealth has been invested and not all of it legitimate. I can remember 30 years ago looking out the window of my office on Brickell Avenue and seeing guys carrying bags out of a […]
The Panamanian government has ordered troops to step up their presence in the Darien zone, after an attack by a Colombian criminal gang on a National Border Service (Senafront) check-point. In a statement, the government said that the attack yesterday on the Binational Base of Alto Limón, had initiated the immediate response of its military […]
Panama’s police on Friday destroyed nearly nine tons of drugs, mostly cocaine, seized from smugglers so far this year, officials said. The 6.3 tons of cocaine, 2.5 tons of marijuana and 3.8kg of heroin were incinerated on the outskirts of Panama City under tight security, sending a column of thick black smoke into the sky. […]
Recently Panama has been in the news, more specifically one of our major law firms, Mossak Fonseca. I like what Simon Black at Sovereign Man had to say about all of this. “The Internet practically exploded Monday morning after a detailed report was published proving that dozens of corrupt politicians around the world have been stealing […]