The US company Duty Free America has been awarded two of the three blocks of the commercial area in Terminal 1 of the Panamanian airport, and the third went to Attenza Duty Free, linked to Motta International. At the beginning of August four companies presented their proposals in the tender to operate duty free commercial […]
Ithaca Capital Partners, which has a Miami office, acquired 202 of the 369 units for an undisclosed price. Bondholders with delinquent debt on the 70-story Trump International Hotel, Panama, sold most of the units at the condo hotel, a high-rise landmark in Panamas capital city. Investment firm Ithaca Capital Partners paid an undisclosed price for […]
Recently the photographer Rose Marie Cromwell went to Panama City to photograph vendors, shoppers and people passing time on Avenida Central, a busy street near Panama old town, Casco Viejo. For years, Avenida Central has been a place for the average resident to run errands. Pausing there to observe the place and its people, you […]
Vivian Marino writes for International Living about house hunting in Panama in this NY Times article. Pedasi is one of my favorite little towns in Panama and it has grown up fast over the last 15 years. So, let the house hunt begin. A SIX-BEDROOM BEACH HOUSE IN PEDASÍ $4.5 MILLION This sprawling Mediterranean-style […]
A friend of mine sent me his family history here in Panama and it made me reflect on my Place Of Birth in the Panama Canal Zone. While the hospital is no longer there and Panama converted it’s use to a government facility, I was able to locate the home where my parents raised me […]
Companies from the industrial and agricultural sectors are being called on to participate in business rounds with international buyers from September 13 to 15 in Panama City. The second version of the National Congress of Exporters (Conexport), organized by the Ministry of Commerce and Industries (MICI), will be held at the Sheraton Hotel from September […]
Between January 2015 and June 2017 the average price per square meter of homes and apartments for sale in Panama City increased by $350. Data from the Panamanian Chamber of Construction (Capac) indicates that the average price per square meter of homes for sale in the capital increased from $1,700 in January 2015 to $2,050. See also “Central America: $1.6 billion in […]
Now Panama is finally coming to sense with real estate taxation. If this works out, the first $120,000 would be exempt – for life! The balance would be taxed at between 0.50 or 0.70 percent depending on what come of the proposals on the tables. The association of private companies proposes applying a single rate […]
OOOPPS, this is gonna hurt a lot. The construction workers’ union is opposed to the revocation of a construction permit granted nearly two years ago to build a $30 million building in Panama City. In the view of the construction companies union “… it is a contradiction that a construction permit approved approximately 22 months ago, for a […]
The Varela administration has extended the concession authorizing Minera Panama to extract copper from the mine at Donoso, in the province of Colon for a further 20 years. They also operate Puerto Rincon shown above. The concession granted by the Ministry of Commerce and Industries is for an area of almost 13 thousand hectares, and […]