Beautiful Home in Panamonte Estates


News from Panama

Price reduced to $499,000 to sell. Villa 14 in Panamonte Estates is across the street from our home and have  I watched the owners put a lot of money into remodeling their home that included a new imported tile roof, German style tilt and turn windows and a very nice kitchen.  Consisting about 4,000 square […]

August 13, 2018

Chile takes OPEN approach to boost productivity


News from Panama

I really was blown away by Chile and how productive the economy is there.  I was aksed what was the one thing that most impressed me there and I said “the people”.  They want to work and enjoy the good life there. Chilean President Sebastian Pinera on Friday announced the creation of a National Office […]

August 13, 2018

Tender to Extend Metro Line 2 Delayed


News from Panama

August 31 is the new date to submit proposals to design and build the branch that will connect the future Higher Technical Institute of the East, with Tocumen International Airport. Metro de Panamá has granted a second extension to the deadline for delivery of bids, so that the companies interested in the tender can present […]

August 13, 2018

Fight Against Agricultural Imports


News from Panama

To calm the spirits of local producers, the Panamanian government has announced the beginning of an audit of the process to import agrifood products, in order to identify companies that are bringing goods in without meeting any of the requirements. A few days after producers in the country held demonstrations against the allegedly excessive entry […]

August 13, 2018

Oscar Lopez Released After Arbitrary Detention in Panama


News from Panama

The former political prisoner and Puerto Rican independence activist Oscar Lopez Rivera was released by Panamanian officials on Tuesday after being detained for 18 at the international airport while trying to travel to the conference, “America in Dispute” being held in Santa Cruz, Bolivia. Lopez Rivera was held in custody by Panamanian airport authorities on […]

August 13, 2018

Panama: Credit to the Private Sector Continues to Rise


News from Panama

Mortgages and personal loans explained much of the 6% increase in domestic credit to the private sector, recorded between May 2017 and the same month in 2018. According to the latest report by the Superintendency of Banks, in the fifth month of the year, the private sector’s credit portfolio totaled $52.167 billion, which is equivalent […]

August 13, 2018

The High Cost of Debt


News from Panama

In the first semester of this year, the Panamanian government paid $30 million more in interest payments on the public debt than the amount paid in the same period last year. According to official figures between the first six months of 2018 and the same period in 2017, the costs of the debt increased by […]

August 13, 2018