I just love these old propoganda posters that we put out years ago to convince people that the Greater Depression would never happen. Unlike the United States, Panama does not have a Central Bank and while the US Dollar is the currency here, inflation for the most part has remained very low over the […]
Miami-Dade County delegates meet with Panama chamber of commerce My friend and fellow commercial real estate broker in Miami Ed Redlich visited Panama last month. He reported back on the implications of the Panama Canal Expansion and trade with the US that will impact Miami (especially if they ever ratify the frickin’ Free Trade Agreement!) One […]
Another title I was going to use for this post was “One Foot Over the Border” We are hearing a lot of noise right now about the amount of money coming into Panama from other sovereign nations in Europe and of course the US. I hear that it is a trend that started a few years ago […]
The Circus in Washington is such a ridiculous show these day and while it isn’t as exciting as the new Harry Potter movie, there are plenty of warlocks, witches, and trolls present – and many fairy tales are told. And still no settlement on the real important issues!! Debt Ceiling, no problem, let’s wait until there is […]
A recent article in The Economist continues the discussion about the challenges Latin America faces in this era of explosive growth. Panama is front stage in this article about how it has has achieved success in many areas but has fallen short in many more. While skyscrapers line the horizon in Panama City and the […]
Below are recent developments which illustrate the growing role of Chinese investment in Latin America: China Development Bank Agrees to Loan Ecuador $2bn, Bolstering Bonds Ecuador signed a $2bn loan with China Development Bank Corp, its second in less than a year, as the Asian nation seeks to secure energy and commodities supplies to meet […]
I keep in close touch with my friends in South Florida as well as maintain commercial real estate practice there as I know eventually things will get better and another boom time will begin. Of course it may be awhile before it begins in earnest. In the meantime it is back to free rent offered […]
Executive Secretary of the United Nations body, Alicia Barcena In a recent report by The Economic Commission for Latin America and the Caribbean (ECLAC) presented by Alicia Barcenas stated that while the economic recovery here has strengthened and the area has an encouraging growth rate, it also highlights the macroeconomic policy challenges facing the region’s […]
Here is something Panama residential developers should be looking at and possibly trying to move the unsold product that is still under construction especially if some customers walk away from their deposits and the market gets saturated as it did in South Florida. South Americans and other foreigners are behind more than half the condo […]
In a story put out by the Latin Business Chronicle, Brazil edged out Panama for the number one slot with a total of $15,977,000 in trade last year in comparison to Panama’s total of $15,898,000. That is still pretty impressive for our small country when you compare a country that is often compared with China in […]