Panama: Law to Immobilize Bearer Shares


News from Panama

While not a true bearer share certificate, these were the first Panama Corporation stocks sold.  Bearer share certificates are common in Panama and is the way most property is owned allowing for a degree of anonymity.  That too may change and go the way of the Panama Canal Company. A law is being studied, which […]

August 28, 2012

Financial Transactions in Foreign Currencies


News from Panama

Post this under the category of “Forward Thinking” The government of Panama is investigating in conjunction with the banking sector and representatives of the European Union how to facilitate financial transactions with the Euro and other foreign currencies. A statement by the Presidency of Panama reads: Mechanisms Sought to facilitate financial transactions in foreign currencies […]

August 28, 2012

Four Bids for South Terminal at Tocumen


News from Panama

Big Plans for Tocumen International Airport and now the tender has been released.  Four bids were received representing an investment of $600 million. The Brazilian company Norberto Odebrecht, Costa Rica’s Meco, and Grupo Conalvías from Colombia, along with the China Harbour Engineering Company, were the four companies who submitted proposals for the required technical and […]

August 28, 2012

Panama Big Game Club’s New Navy


News from Panama

There are two ways to fish here in Panama.  Well maybe now there are a lot more like, comfort, speed, luxury and with all the toys available.  Panama Big Game Club has by far the best equipped fleet of vessels if you want to have it all.  I visited with the owner Mark Charman this […]

August 28, 2012

Panama navigates economy towards success


News from Panama

Don Winner published a great article in the Panama Guide written by HUGH O’SHAUGHNESSY about the greatness that lies ahead for Panama. Panama City – THE CENTRAL American republic of Panama will soon be unrecognizable, as many people have long forecast. But the changes in Panamanian life are coming about much more quickly than most […]

August 24, 2012

Panamanian coasts, in trouble


News from Panama

This post comes under the category “Balanced Reporting” OK, we all know that Panama City in all of its glory sits on the shore of Panama Bay, one of the most polluted coasts in the Americas.  What most people do not know is that all of our oceans are in dire straights due to man […]

August 22, 2012

Road trip to the Highlands of Panama


News from Panama

Our trip to the highlands went well last weekend and we had incredible weather.  What’s up with this weather in rainy season, oh well enjoy it while is here because it will not last as the season progresses.   We were at around 7,500 feet up in the park and it was cold in the […]

August 22, 2012

The Exotic Coffee Market


News from Panama

I can remember when I first came to Panama and here up in the highlands of Boquete where I first tasted an exotic coffee variety called geisha.  WOW, that taste cannot be replicated and is as different as drinking tea, in fact it has a lightness of tea but an aroma that will never leave […]

August 22, 2012

Protecting Panama’s Marine Resourses


News from Panama

As many of you may know, I am an avid angler who enjoys fishing both deep sea as well as fishing the numerous inshore islands with a small panga here in the gulf of Chiriqui.  I was born here in Panama in 1954 and my father fished these same waters in 1952 through 1955 when […]

August 8, 2012

Shortage of Veterinarians in Panama


News from Panama

We are seeing more and more of this in Panama where the inventory of professionals is too shallow to service the growing industries here including the Ag Business sector.  The government needs to open the doors on a selective basis to encourage professionals to come to Panama and work.  A residency should be established for […]

August 8, 2012