With the opening of the long-awaited Panama Canal expansion project this June, all eyes are on the impact the $5.25 billion engineering marvel will have on maritime traffic across the vital international lanes that link the Pacific, the Atlantic and the Gulf of Mexico. However, the transformation it will bring to Panama’s domestic economy and […]
Villa 136 in Valle Escondido has 3 bedrooms, 2 full baths, two terraces, a double carport and approximately 2800 square feet of area. Built in 2005, there is a 20 year tax exoneration in place. At $375,000, this villa represents the best value in Valle Escondido. The views are incredible and the eastern exposure provides […]
Eric Haun reports in this article that appeared in Marine Link.com about the risks of larger vessels that will use the newly enlarged Canal next year. As the Panama Canal prepares to celebrate its 100th anniversary, insurers are warning of the increased risks that will arise from its plan to double the cargo-carrying capacity of […]
Increased purchasing power has triggered the consumption of coffee in the leading producers in the world, Colombia, Brazil and Vietnam, raising its international price. The three countries which together produce 60% of the grains consumed in the world, are increasing their local consumption of coffee, putting pressure on the export supply and raising grain prices […]
The United Nations’ Economic Commission for Latin America and the Caribbean estimates that the region’s economy will expand 2.2% this year, a sharp reduction from a previous forecast of 2.7%. Growth in Panama is seen leading this year at 6.7%, followed by Bolivia at 5.5%, then Colombia, the Dominican Republic, Ecuador and Nicaragua at 5.0%. […]
The head of the Panama Canal Authority says officials might be forced to limit the draft of ships by the end of this year or early in 2015 if a drought continues and lowers the level of lakes that feed the waterway’s locks. Jorge Luis Quintano tells Panama’s Channel 2 television station that unusually light […]
Panama has produced quite a few great jockeys and Alex Solis is the latest to join his fellow countrymen in the North American Thoroughbred Racing Hall of Fame. Alex Solis, raised on a farm outside Panama City, was asked earlier this week if he knew how many of his fellow countrymen had preceded him into […]
New hotels are popping up all over Panama as reported by the Tourism Authority. In the first half the year the Tourism Authority of Panama granted 33 permits for the establishment of new hotels and 11 new licenses to travel agencies. $102.8 million is the total amount invested in the first six months of the […]
One of the nice things about living in Panama is that it remains a protectorate and each year there are some very impressive war games that demonstrate the importance of the Panama Canal. Nothing like being able to park a bunch of war boats offshore to remind the bad boys that they mean business! Here […]
Susie and I decided to spend some more time at our friends place over the Christmas Holidays and we must say, Bocas del Mar is a step above the rest and brings European standards to Panama. They have added rooms and now have 16 to choose from including the Premier Suite that we stayed in. […]