It seems that daily we read news that Panama banks are flush with cash, that hydro power plants are expanding to keep up with a doubling in demand, that consumer spending is increasing with the development of a blossoming middle class and foreign investment is increasing with leaps and bounds. Panama is poised for explosive […]
Immobiliare Real Estate Development (IRED) announced in La Prensa the development of two new hotels here in Panama. Immobiliare Real Estate Development group (IRED) will own a majority share in the hotels, but as per Hyatt franchising rules and standards, the hotels will be managed by Hyatt. Josep Malca, president of IRED, says some $50 […]
I can remember when I was able to shop for the best CD rate and got a great Panama Bank CD with a 5% rate and savings accounts were 3% to 4%. You will find it hard to get a bank to pay more than 3% for anytrhing today as they are flush with deposits. […]
Hotel Casco Antiguo Landmark Hotel Investment Opportunity A few weeks ago when I visited Panama City, I stayed at a friend of mines hotel in Casco Viejo or the Old City as it is known. WOW, what an experience staying in this part of Panama where the first pioneers who used the Panama Canal stayed. I had the […]
Generation should be extended. There are 19 hydroelectric entering into service between 2010 and 2011. Authorities are optimistic that these will come on line in time. We enjoy abundant fresh water suppolies here in the mountains in Chiriqui and there are great opportuntities for small hydro projects ranging fro 2 to 10 megawatts with […]
The Sara Palin show steamrolls across America and the Tea Party has got a a lot of people excited back in the US. Normally I try to keep politics and business apart as it has never helped me in either my party beliefs or my business but here I go anyway, sticking my foot in […]
La Estrella reported recently: The companies who will be building the expansion of the Panama Canal are about to kick of a recruitment drive to hire the necessary workforce. The project is expected to generate literally thousands of all different types of jobs. Specifically the “Grupo Unidos por el Canal” (Group United For The Canal) […]
By Jovany Morales – Panama Economy Insight Panama’s government announced this month that Panama’s GDP grew 2.4% in 2009. This growth came despite one of the worst global economic turmoil since the Great Depression of the thirties. Panama’s economy was very strong before it happened bankruptcy of Lehman Brothers in the U.S., which sparked the global economic crisis, and managed […]
March 24 (Bloomberg) — Panama will cut its public debt as a percentage of gross domestic product by 10 percentage points as the Panama Canal’s expansion boosts revenue and increased foreign investment generates royalties from mining, Finance Minister Alberto Vallarino said. The Central American nation plans to slash its obligations to 35 percent of GDP from 45 […]
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