Transparency International urges PARLACEN to revoke membership of Panama ex-President Martinelli


News from Panama

Chris Sanders writes for Transparency International about Ricardo Martinelli. Central American Parliament (PARLACEN) membership hinders investigation into alleged corruption by Martinelli and his cronies Transparency International today urged the Central American Parliament (PARLACEN) to revoke the membership of former Panamanian President Ricardo Martinelli, according to an open letter from the Chair of Transparency International and […]

March 20, 2016

A new Panama fights an old enemy: Corruption


News from Panama

Here is a great story by Robert McMillan, former chairman of the Board of the Panama Canal Commission. Panama, one of the United State’s most reliable Latin American partners, recently issued a warrant for the arrest of a former president, Ricardo Martinelli, claiming that he committed numerous high crimes during his 2009-2014 tenure, including using […]

March 20, 2016

More Delays to Tourism Promotion in Panama


News from Panama

Panama has got to get serious about this as it is wasting time and money by not  proactively promoting this beautiful country. After having canceled the first contest, there has now been a second postponement of the date for receipt of bids in the tourism promotion tender worth $5 million. The tender to design and […]

March 20, 2016

Panama reached 43 MW of installed solar PV in 2015


News from Panama

The large majority of the nation’s solar PV capacity was put in service last year. Regulators have licensed 1 GW of projects. Panama’s installed solar PV capacity has reached a cumulative total of 43 MW. According to a report by the Public Service Authority of Panama (ASEP), at the end of last year there were […]

March 20, 2016

IMF says Panama needs to stick to stronger deficit controls


News from Panama

This in from Reuters. Panama should follow more effective deficit controls, an International Monetary Fund (IMF) commission said late on Friday, citing waivers and extensions that could threaten to undo recent gains in reducing the country’s debt. Valerie Cerra, head of the IMF commission meeting in Panama this week, proposed a new fiscal council or […]

March 20, 2016

Two Villas For Rent in Valle Escondido


News from Panama

We are in the process of subdividing a huge 8 bedroom 8 bath villa just steps away and directly across the street from the generous gym and spa facilities  in Valle Escondido. Views from the verandas are of the first hole and fairway. The villas have luxury furnishings and are complete right down to the […]

March 19, 2016

Eating Tipico at Fonda Yenny


News from Panama

It is crunch time at my Boquete Gardens project  as we deliver the last two homes at the end of this month. As such, I am afforded little time for lunch and I must seek out my favorite little tipico restaurant for a quick lunch. Yaneleth or Yenny aka Jenny to you all, is always there […]

March 15, 2016

Absolute Auction!! Chiriqui Highlands Estate


News from Panama

Panama Advisory Group is proud to announce an exclusive agency with Platinum Luxury Auctions in the upcoming Absolute Auction of La Pagoda. YOU MUST REGISTER IN ORDER TO ATTEND THIS AUCTION Location           Finca La Pagoda Chiriquí Province, Panama Auction Date & Time April 16, 2016 at 12pm EST. Registered bidders only. Property Specs 4 BD / […]

March 15, 2016

IMF: Time is running out for Costa Rica


News from Panama

The institution is once again emphasizing more efficient public spending and making cuts before a fiscal adjustment comes into force, in a form that is “draconian and with emergency measures”. Making cuts and improving efficiency in public spending is once again the main recommendation of the International Monetary Fund. In education alone, an area into […]

March 14, 2016