I read in Fox News Latino where both Columbia and Panama are contributing $210 million towards a joint venture for the completion of a project that will allow the transmission and sale of surplus electricity from Columbia to Central America. Colombia and Panama will invest $420 million to construct a power line that will start […]
A recent article that I read in GlobeSt.com attests to the fact that while the explosive growth in Latin America may slow, Panama is the exception. For the past two years, the commercial real estate news out of South and Central America has been that Brazil has been exploding with growth, while Mexico is struggling […]
I have suggested that you mark your calenders for the Panama Jazz Festival coming in January and I suggest that you take the opportunity to add this to your event calender as well. The Boquete Jazz & Blues Foundation presents: World-Class Jazz & Blues on the slopes of Volcan Baru, March 1-4, 2012 Open-air […]
Yes, here we are enjoying a cup of coffee on our veranda and suddenly the quiet is interrupted by a whine of a high powered turbo engine as a Eurocopter flies and lands just below our villa. Later, I am on the way to the gym and notice a group of younger people who are […]
This article caught my eye when scanning La Prensa acknowledging the health of the banking systems and the financial strength in the country. Most of the savings are held by individuals and local licensed banks. Total deposits rose from about $28 billion in 2006 to more than $54 billion currently, according to the Panamanian […]
Tito Puente Jr. Mark your calenders and make your airline reservations, the Panama Jazz Festival is coming! Go Tito!! Click here to see the video 9th Annual Panama Jazz Festival Jan 16 – Jan 21, 2012 Teatro Nacional, Atlapa Convention Center, Plaza de le Catedral Also, the dean of Panama’s saxophonists, Carlos Garnett Click here […]
Food prices are skyrocketing all across the globe, and there’s no end in sight. The United Nations says food inflation is currently at 30% a year, and the fast-eroding value of the dollar is causing food prices to appear even higher (in contrast to a weakening currency). As the dollar drops in value due to […]
My friend from Panama City brings me this hot tip for the next good investment there. He has made a lot of money in the Trump building with developer resales where depositors could not close. The building is located in the most exclusive area of Bella Vista neighborhood, just off Balboa Avenue in […]
Ok folks, it is time to “come in from the cold” or as the IRS would have it “fess up”. I have always believed in transparency when it comes to dealing with the IRS. My accountant told me years ago “it is better to knock on the door at the IRS office than for them to […]
Well here goes more jobs in the US. While this is a global move, watch closely at what they do in the US, not here in Panama. (HSBC already announced a deal to sell 195 U.S. branches to First Niagara Bank for $1 billion). The bank wouldn’t disclose where layoffs were coming from, but said […]