Panama: $20 million Metropolitan Park


News from Panama

Well, it looks like it is going to finally happen.  A world class park coming to our city of David. It has been announced that that earthworks will begin in the province of Chiriqui in an area of ??30 hectares where a metropolitan park will be developed. Watch the video here

March 31, 2016

Wingin’ It: Birds of Panama, part 1


News from Panama

Panama has always interested us as a country because it has more recorded bird species than any other Central American country. To give you a sense of perspective, Panama, about the size of South Carolina, has recorded close to 980 species, more than are found in all of the United States and Canada. Also of […]

March 31, 2016

Panama: Residential Complex for $137 million


News from Panama

An environmental impact study has been presented for the “City of Hope Arraiján” project, which will consist of 2,250 homes in an area of ??36 hectares in western Panama. The company CCA.MCM Consortium was the winner of the tender convened by the Ministry of Housing and Land Management. In the Environmental Impact Assessment study (EIA) […]

March 31, 2016

Panama: Call to Eliminate Taxes for Tourists


News from Panama

Hoteliers have suggested making Panama a “duty free” zone for tourists, eliminating customs and import duties and refunding ITBMS to visitors. Faced with the loss of competitiveness in the Panama hotel sector, entrepreneurs are asking for customs and import taxes to be eliminated, and tourists to be refunded the ITBMS charged when leaving the country. […]

March 31, 2016

50 Things I Learned in Panama


News from Panama

Lyna Lam, a contributing writer to The Vector tells of her first trip and experience in Panama. I didn’t tell many people about me going to Panama because I had been unsure myself if I was going; I was paranoid about some random occurrence preventing me from going, but then I found myself writing this […]

March 31, 2016

Another Successful Week in Boquete


News from Panama

We just sold our large 8 bedroom 8 bath villa and now we are in the process of subdividing this beautiful villa that is just steps away and directly across the street from the generous gym and spa facilities  in Valle Escondido. Now – Two Villas For Rent in Valle Escondido   We just finished […]

March 31, 2016

Panama’s Progress Report


News from Panama

Thanks and a hat tip to Chip Pickard for this excellent article. There is no other way to put it: Panama is booming. This year the economy is expected to grow by 6%, that’s ten times more than the regional average. But the one-year-old administration of President Varela isn’t resting on its laurels. It is […]

March 22, 2016

Panama: $120 Million for Fuels Free Zone


News from Panama

Construction has been announced of 9 additional storage tanks and a pier with two berths to supply 2.5 million barrels. From a statement issued by the National Secretariat of Energy in Panama: The sale of marine fuel or bunkering, an activity that generates about $900 million a year to the country’s economy, will grow with […]

March 20, 2016

Panama: Hotels React to Low Occupancy Rates


News from Panama

Solutions are being sought to the lack of promotion of the country and unfair competition from illegal hotels, so that the occupancy rate, which went from 70% in 2011 to 52% in 2015, can be improved. According to the Office of the Comptroller General of the Republic, the occupancy rate in Panama fell once again […]

March 20, 2016

Tocumen Could Become Free Zone


News from Panama

The 50 companies already operating at Tocumen’s airport facilities will be able to access free trade zone incentives if the request made by the administration of the terminal is approved The documentation was submitted to the National Commission of Free Zones at the Ministry of Trade and Industry (MITI), and there will be a 30 […]

March 20, 2016