Panama is starting to look like the Dubai of the Americas and it is often compared with that famous city. This project joins the Biomusio in Amador which was designed by Frank Gehry and is scheduled to open next year. The new convention center, which represents an investment of 149 million euros, seeks to place […]
When I was visiting Mark Stevenson, the managing director at the Trump tower in Panama City, he was huddling with some guys who appeared to be big boys from out of town. Now I know who the guys were. And BTW, those condo units that I have for sale where you can get a 7% […]
While Florida ports are in some of the best positions to benefit from the expansion of the Panama Canal, there are a lot of competing ports in the US that are moving quicker, with more money and will be ready sooner. I always liked the term “Speed to Market” and this time – time is […]
Unless you have been living under a rock for the last few years, you are aware that Panama is expanding the canal to accommodate larger vessels. Besides just being wider, these ships have drafts that require a 50 foot deep canal. As with the canal, ports around the world are having to scramble to do […]
This 37 acre farm has pasture land and backs up to the Caimito River. Excellent water sources from on site wells, good light, excellent rich soil and minutes form the Pan American Highway for speed to market of fresh vegetables, fruit and other food products. Soil conditions are optimal for field crops. There is […]
The recently approved Law 80 on tourism in Panama has granted incentives to companies who develop maritime tourism infrastructure. I have reported on this before that it will be a boon to development, especially along coastal areas like Boca Chica. Considering that it can take years to get approval for a marina project here in […]
First let’s put the deficit spending here in Panama in perspective. Reported by Don Winner of the Panama Guide. An International Monetary Fund (IMF) mission, headed by Corinne Deléchat, visited Panama between November 6-16 to conduct the country’s annual Article IV consultation.1 At the end of the discussions, Ms. Deléchat issued the following statement in […]
What to do with all of your Benjamins? I recently opened another IRA and funded a self directed account with one of the largest Trusts in the US. In the course of educating myself about their process for investing, I decided to check on some of the authorization forms and called the client services department. […]
And where not to put it….. We noted several weeks ago that the financial position of Financial Pacific has come under investigation. While not huge by banking standards, they do have around $120 million in asset base and their advertising suggests that they are growing. At first they had a shortfall of around $7 million […]
The plans for a new 4 lane Pan- America highway will greatly impact Chiriqui, specifically the coastal markets serviced by it. From my home in Boquete, it would take 3 hours to get to Santiago, with the highway probably only 2. More importantly, if I want to go to Santa Catalina and the coast most […]