One of the reasons for Panama’s continued explosive growth is it’s wealth in mineral deposits of gold and copper. Unfortunately it is mixed blessing as some of the areas selected for open pit mining are not conducive for the surrounding ecology due to Panama’s heavy rain fall and the potential for hazardous run off. Hopefully […]
This Reuters article confirmed what I reported earlier that the growth for this year would be double digit. Panamanian President Ricardo Martinelli said on Saturday the country’s economy was set to grow 11 percent this year, higher than previous estimates. Panama’s economy, one of the fastest growing in Latin America, is being boosted by a […]
I was reviewing a previously released presentation of the plans for the third phase of the coastal highway in Panama City and if I had seen this 5 years ago, I would have been skeptical that it would ever become a reality. As I have seen the growth and development here in Panama first hand […]
It looks like Obama and house Republicans have struck a deal to reinstate benefits for workers who lose jobs to foreign competition which was the major obstacle to passing the pending agreements with South Korea, Columbia and Panama. Obama needs to see this through as he continues efforts to double US exports by 2014. The […]
Prensa.com reports that while Panama’s growth is surging ahead and numerous projects are underway, the services industry finds a shortage of qualified job applicants that will continue to pose challenges here. Available candidates lack communication skills, arrive late to interviews, submit poorly written resumes, or resign shortly after being hired. By the end of this […]
In what could be huge for Panama and Costa Rica Panama´s president is proposing for both countries to join forces by promoting tourism together in order to take advantage of each other´s products. Panama has a huge business sector offering goods and services, free trade zones, etc but lacks Costa Rica’s talent in really doing […]
While people in the US complain that gas prices are horrendous at an average of $3.55 per gallon, try $4.30 per gallon. But since the inflation rate leaves gas and food off the index, I guess that it not hurting anyone back there. It will here, but in Panama most of the population takes mass […]
OK, besides my home town of Boquete here in the western highlands of Panama…………………. The next hot spot is emerging and the town is starting to take shape as a community like Boquete which is now shared by locals with a lively expat community. Pedasi is a place that I have mentioned often before and a place that I visit whenever I […]
November in Panama has lots of Independence celebrations. On November 3 is celebrated the Independence of Panama from Colombia in 1903, also known as Colon Day, that jumpstarts Panama’s Patriotic Month. While on November 10 is the day that Panamanians remember the ‘uprising in Villa Los Santos’ against the Spaniards; and finally on November 28 […]
The new Cinta Costera or coastal highway in the City is another huge project that was completed last year and is expanding again next year. The best news thus far is the governments consideration of the old City or Casco Antiguo, a UNNESCO world heritage site, is the proposal to tunnel under the city as […]