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 […]
From El Panama America as reported by Don Winner: About $3.9 billion dollars will be invested over the next four years for the construction of 22 new sources of power generation in Panama. These projects will generate approximately 1,061 megawatts (MW) to be added to the current installed capacity of about 1.208 MW – which […]
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 […]
NEW YORK, March 23 (Reuters) – Fitch Ratings upgraded its credit rating for Panama one notch to BBB-minus on Tuesday, becoming the first rating agency to give it coveted investment grade status, citing a sustained improvement in public finances underpinned by tax reforms. The upgrades reflect a sustained improvement in public finances, underpinned by recent tax […]
When I tell people back home in Miami why I live in Panama they look at me funny, cooler climates? Yes, I live in the mountains, kind of like Aspen in the summer. The town is called Boquete and it is in the province of Chiriqui in the western highlands of Panama. Their are a […]
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PANAMA. With the investment climate continuing to deteriorate back in the US, more of my friends are asking me how I am doing here in Panama and what is the attraction to investing here. To that I answer a simple fact that speaks to the fundamentals of investing anywhere – Growth. Before I get into […]
OK, first the serious stuff. Latin America and the Macroeconomic Forecast Just over a year ago, things looked pretty gloomy down here as with most of the World. Demand took a nose dive and Latin America and the Caribbean exports dropped by more than a third in just six months. Oil had gone from $147 […]