Well folks, we can all rest easy as the debt ceiling crisis has been averted and we have crashed through!! A discussion with several of the countries economic ministers reveals that while things will remain a mess in the US, the impact on the debts of nations here will be minimal. Frank de Lima, Vice Minister of Economy […]
Well it looks like we may see more construction in our part of the country. With the four lane highway going from Boquete to David under construction, the Nation has put out a tender for the roadwork from David to Santiago that we were hearing about last year. This in from Prensa The Ministry of Public […]
Well not exactly that kind, but the description definitely fits. Panama has a shortage of service personel and management personnel as well. When you get to the executive level the competition for top talent is fierce and the headhunters are making money in Panama right now. This article appeared in Capital.com by Migdalia Casorla Most companies, […]
I do not know how many times this year we have heard about the grow in Panama’s economic activity and what the numbers are shaping up to be for 2011 but we are now approaching double digit figures for 2011. This in from Reuters. (Reuters) – Panama’s economic activity rose 9.5 percent in May compared to […]
I just love these old propoganda posters that we put out years ago to convince people that the Greater Depression would never happen. Unlike the United States, Panama does not have a Central Bank and while the US Dollar is the currency here, inflation for the most part has remained very low over the […]
Miami-Dade County delegates meet with Panama chamber of commerce My friend and fellow commercial real estate broker in Miami Ed Redlich visited Panama last month. He reported back on the implications of the Panama Canal Expansion and trade with the US that will impact Miami (especially if they ever ratify the frickin’ Free Trade Agreement!) One […]
Another title I was going to use for this post was “One Foot Over the Border” We are hearing a lot of noise right now about the amount of money coming into Panama from other sovereign nations in Europe and of course the US. I hear that it is a trend that started a few years ago […]
A recent article in The Economist continues the discussion about the challenges Latin America faces in this era of explosive growth. Panama is front stage in this article about how it has has achieved success in many areas but has fallen short in many more. While skyscrapers line the horizon in Panama City and the […]
Below are recent developments which illustrate the growing role of Chinese investment in Latin America: China Development Bank Agrees to Loan Ecuador $2bn, Bolstering Bonds Ecuador signed a $2bn loan with China Development Bank Corp, its second in less than a year, as the Asian nation seeks to secure energy and commodities supplies to meet […]
Here is something Panama residential developers should be looking at and possibly trying to move the unsold product that is still under construction especially if some customers walk away from their deposits and the market gets saturated as it did in South Florida. South Americans and other foreigners are behind more than half the condo […]