Now after two consecutive reviews we see that Fitch is raising the investment grade debt rating of Panama further up ladder. This in from Reuters. PANAMA CITY/NEW YORK, June 2 (Reuters) – Fitch Ratings raised its investment-grade debt rating for Panama another notch on Thursday, praising government policies to boost economic growth and keep debt […]
I just read that Boquete is hosting health and Wellness Week coming up soon and I have been talking about why people gravitate to our little town. JUNE 20 – 26: BOQUETE HEALTH AND WELLNESS WEEK The spring-like climate of the town of Boquete in the Chiriquí province has been attracting people in search of […]
Along the lines of economic drivers like international airport development, Panama is getting smart on tapping the huge transient trafice coming through Tocumen Airport by starting a new campaign “visit us for free”. I was reading an article in the Visitante that outlined the program. ATP Administrator Salomón Shamah is rolling out Panama’s first international […]
It is good to see more people visiting Panama and we are not the only country seeing a resurgence in the tourism industry here in Central America. Here is an article fro La Prensa Three years after the global economic downturn, tourists are once again looking at Central America. Tourism in the isthmus grew […]
The new International Airport at Rio Hato will propel Panama faster towards becoming a world class destination as the area supports thousands of hotel rooms yet it is a couple of hours by bus from the Tocument International Airport presently used by most people visiting Panama. I remember when I first visited Punta Cana in the […]
Caterpillar, Volkswagen Lead Growth A number of multinationals are experiencing strong growth here in Latin America. This Story in from The Latin Business Chronicle Caterpillar, Volkswagen and AB InBev are the Latin America growth winners among multinationals. BY LBC STAFF US-based equipment maker Caterpillar posted the strongest Latin Americarevenue growth among multinationals last year, according […]
We have been taking people around Boquete looking at places to live, invest in agriculture land and business opportunities and every time I go out, I see another place that reminds me of the first trip that I took here in 2006. On my first road trip to Boquete, I knew I had finally found a place that […]
So much for Panama exporting coffee, we cannot grow enough so now we are importing it for local consumption. CentralAmericaData.com recently published this article. The Cabinet Council has authorized the importation of 32 million quintales of coffee due to shortages. The Cabinet Council gave permission to the Commission for Licensing of Contingency Tariffs to place […]
American Economia published this interesting article recently as well as a link to the interview with Frits van Paasschen at Starwood The global hotel chain Starwood expands its strategy in Latin America: breaking its dependence on the Sheraton brand and launches some cool concepts for the luxury segment. For Frits van Paasschen, the stars do not make much […]
The Latin Business Chronicle reports that Panama has Latin America’s highest percent of FDI, while Venezuela has the lowest. PANAMA CITY – Panama has replaced Chile as Latin America’s leading recipient of foreign direct investment as a percent of its GDP, according to a Latin Business Chronicle analysis of new data from the UN the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) and GDP data from […]