Talks over Panama-China free trade pact to start in July


News from Panama

Negotiations over a free trade agreement between Panama and China will begin in July, Panama’s trade and industry minister said on Friday, just a year after the two nations established diplomatic relations. The first round of talks will take place in Panama City, and negotiators are expected to name technical teams that will be charged […]

May 29, 2018

Ex-Panama president Martinelli to drop extradition fight


News from Panama

A spokesman for former Panamanian President Ricardo Martinelli says the ex-leader is dropping his legal efforts to fight extradition from the United States to Panama. Luis Eduardo Camacho confirms that Martinelli shared his decision through a handwritten note from jail in Miami. Panamanian authorities want to prosecute the 66-year-old Martinelli for embezzlement and espionage he […]

May 29, 2018

Fantasy Island Revisited Again


News from Panama

Susie and I revisited Isla Palenque last week and we got to see the newly opened casitas just down from the Las Rocas Bar which now has a hugely expanded lounging deck, swimming pool,  dining area and full commercial kitchen to serve 30 plus people .  The developer, Ben Loomis has added these amenities on […]

May 27, 2018

$30 million in Deals at Real Estate Fair


News from Panama

In the first two days of Expo Mivi, a fair dedicated to the sale of affordable housing in Panama, $29.7 million was negotiated in the approval of 566 housing units. inShare From a statement issued by the Ministry of Housing and Land Management Expo Mivi 2018, a real estate fair designed by the Ministry of […]

May 23, 2018

$75 million Real Estate Investment


News from Panama

Plans are underway to build, in a 3,200 square meter lot in Bella Vista, Panama City, a 62 story building for residential and commercial use. The company DAO Panama Development, S.A. submitted an Environmental Impact Study (EIA) to build a mixed building of offices, shops and apartments. The project is called “DAO Panama”, and will be […]

May 23, 2018

Panama says not opening a Jerusalem embassy


News from Panama

Panama has no plans to relocate its embassy from Tel Aviv to Jerusalem even though it holds that west Jerusalem is part of Israel, its President Juan Carlos Varela told The Jerusalem Post. “Panama is keeping the embassy in Tel Aviv,” said Varela, whose three-day trip to Israel from Wednesday to Friday was sandwiched between […]

May 22, 2018

As Construction Workers’ Strike Enters 4th Week, finally they are back to work


News from Panama

The strike by the unionized construction workers has paralyzed over 90 percent of construction projects in Panama. A strike organized by Panama’s Sole Union of Construction and Similar Industries Workers (Suntracs) has entered its fourth week after negotiations with the Panamanian Chamber of Construction (Capac) and finally they resolved their differnces. The decision to reject state arbitration, which would have […]

May 22, 2018