Panama: Wind Energy Law Approved


News from Panama

Another sustainable resource that will play into Panama as a leader will be wind power. Source: Asamblea Nacional de Panamá Monday, April 11, 2011 The bill will establish an incentive regime to encourage the construction and expansion of wind farms. The incentive regime aims to diversify Panama’s energy sources and provide electricity from renewable and […]

April 15, 2011

SPORT FISHING: THE NEXT BIG ECONOMIC MOTOR


News from Panama

  I recently read an article in The Visitante that spoke to one of Panama’s greates resources that is just now being tapped.  I have mixed emotions about the subject after watching the fishery in South Florida deteriorate over the 35 years that I lived in South Florida and hope that Panama does not have the […]

April 4, 2011

Planet Hollywood Hotels to open in Panama


News from Panama

  I read that Panama will be the location for one of three new Planet Hollywood Hotels.   Planet Hollywood is attempting a comeback as a hotel chain. Wyndham Worldwide, which signed a deal last year to franchise and manage Planet Hollywood Hotels, says Thursday it’ll open the first three properties under the brand known for […]

April 4, 2011

15 Pacific Oceanfront Acres in Panama for $600,000


News from Panama

Panama Advisory International Group as the exclusive agent, is pleased to offer this rare opportunity to own a piece of paradise at an unheard of price of $600,000. As with most coastal property in this area, the property consists of the Rights of Possession, in this case to approximately 6 hectares or roughly 15 acres of coastal […]

March 29, 2011

Rio Hato Is Named for the New International Airport


News from Panama

While we are excited to see the expansion underway here in David to handle direct flight to the US, the new International Airport in Rio Hato will provide a boost to the growing tourism market as it will be served by many all inclusive resorts nearby. The new  international airport for Panama’s central provinces is about an hour […]

March 25, 2011

Inflation Rises due to Fuel Prices


News from Panama

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 […]

March 25, 2011

Panama to Import Coffee for Domestic Market


News from Panama

I could not believe that I would ever see this happening but as reported in CentralAmercaDat.com:  Due to poor yields during harvest the country must import about 6 million quintals of coffee in order to supply demand from the local market.  The purchase will be made through Bolsa Nacional de Productos (Baisa), arriving the country in […]

March 25, 2011