An Entire Country Lists Itself on Airbnb


News from Panama

Here is a country that is on my bucket list. Sweden regularly ranks among the world’s happiest countries, and its new partnership with Airbnb hints at a key reason why: it’s beautiful, and that natural beauty is accessible to all. Really, to all, especially now that Sweden has put the whole country up on Airbnb, […]

May 29, 2017

Panama cuts stays for Colombians, Venezuelans, Nicaraguans


News from Panama

  Panama says it’s halving the maximum time for tourism visits by people from Colombia, Venezuela and Nicaragua to 90 days. President Juan Carlos Varela’s announcement of the plan Friday comes amid concerns that many visitors have been staying on in Panama after coming as tourists. Panama will also seek to verify that people seeking […]

May 29, 2017

Island Home in the Gulf of Panama Hitting Auction Block


News from Panama

For those searching for the seclusion of an island but quick access to city life, Hacienda La Perla on Isla Contadora off the coast of Panama could be just the place. The eight-bedroom, 11-bathroom abode is being offered without reserve in an auction by Concierge Auctions on Wednesday. The current listing price is $3.95 million. […]

May 29, 2017

You Want Dollars? Have a billion!


News from Panama

At a press conference and in the face of continued exchange rate hikes, a Central Bank executive in Costa Rica said that if the public wanted to continue buying dollars, they had billions there. This morning on Thursday, May 25, the price of a dollar 600 colones at some bank windows surpassed, dropping back to […]

May 29, 2017

Three Bids in $144 million Treatment Plant Tender


News from Panama

Between $91 million and $138 million is the range of proposals presented in the tender to build and operate a wastewater treatment plant in Arraiján Este, a trunk system and its interconnections. The tender consists of designing, constructing, operating and maintaining a wastewater treatment plant in Arraiján Este, a trunk system and its interconnections, and the operation […]

May 29, 2017

Could Energy-Generating Kites Replace Offshore Wind Turbines?


News from Panama

Anna Hirtenstein  at Bloomberg discusses this new technology. ower-generating kites backed by Royal Dutch Shell Plc, Schlumberger Ltd. and EON SE will start tests in the U.K. this summer, with the aim of developing a technology that could eventually replace offshore wind turbines. Kite Power Systems, known as KPS, is working on a 17-meter device […]

May 29, 2017

Three Offers in $11 million Building Tender


News from Panama

Between $10.6 million and $12.9 million is the range of proposals presented in the tender to restore the National Theater of Panama. Construcciones Civiles Generales S.A. presented an economic offer of $12,978,969, Constructora Pirenáica S.A. put forward a proposal of $10,620,000, and Administradora de Proyectos de Construcción S.A. offered $11,700,450. The project consists of the integral restoration of the National […]

May 29, 2017

Panama: $42 Million for Private Hospital


News from Panama

Plans are being made to build a hospital in the district of Juan Díaz in the province of Panama, which will be connected to the Mall Town Center del Este. Data from the Interactive System “Construction Projects in Panama“, complied by the Business Intelligence Unit at CentralAmericaData , indicates that Desarrollo Hospitalario Costa del Este S.A. presented an Environmental […]

May 29, 2017

Promising Law for Boosting Panamanian industry


News from Panama

The text approved by President Varela contemplates an increase of 25% to 40% in tax credits for investment in manufacturing and agribusiness. The law that modifies and adds articles to Law 76 of 2009 and establishes measures for the promotion and development of industry was been worked on jointly by businesspeople from the sector and […]

May 29, 2017