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 […]
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 […]
I was reading the Miami Herald that we get here in Panama and came across this article written by Bill Richardson, a former governor of New Mexico and special envoy for the OAS. In it he speaks about the importance of the US embracing Latin America. An example of what is wrong up north is […]
Welcome to the fourth in this series of Panama road trips for 2011. We have already been back to Pedasi three times this year, meeting with customers and enjoying this incredible place that is still undiscovered by most people, even with many Panamanians who have never ventured out of the City past the gold coast. While the inventory of […]
Today’s number one concern for one’s estate should be wealth protection. Whether you are an astute investor (or crazy enough to be a day trader), this one theme should be in the forefront of your strategic plan to survive these turbulent times. While I am not proposing that you run for the hills or […]
Not a good story to post but important as it heralds the first of what I believe will be many more headaches in the future faced back in the US. Get ready for a rough week on Wall Street coming up. The Washington Post with Bloomberg Business By Zachary A. Goldfarb, Published: August 5 | […]