In an unstable exchange market, lack of transparency in the rules on intervention by the Central Bank of Costa Rica increases uncertainty and drives investors towards the safest currency. The rise in the price of the dollar in Costa Rica is a negative factor for some sectors and positive for others, but generally negative for […]
Arguing that the labeling does not really reflect the content of the product, the Panamanian government has suspended the entry of evaporated milk from the Pura Vida brand, from Grupo Gloria from Peru. The decision was taken by the Panamanian Food Authority (Aupsa) after the National Association of Cattlemen reported that the market was trading […]
A residential complex is to be built in a 6-hectare plot and will contain 416 apartments in eight 14-story buildings within the development area of ??Costa Sur, in Juan Diaz, Panama. On March 6 of this year San Marino Eco Development S.A. submitted to the Ministry of Environment an Environmental Impact Study (EIA) to develop a residential […]
Karina Martin reports in the PanAm Post about the widespread corruption linked to Odebrecht. The Dominican Republic’s Attorney General’s Office is taking action against those involved in the country’s Odebrecht case this week. The Odebrecht scandal is now considered to be one of the largest corruption cases in Latin America. Like a handful of other […]
Kent Davis at Panama Equity shared this outstanding report on the Panama City residential market. I found the quality of this report equal to those I used to research when I was in commercial real estate back in Miami. Panama’s middle and lower class housing market continue to show strong signs of growth, while […]
During the event held in Panama, more than 1,800 business appointments took place between international wholesale buyers and tourism companies in the region. From a statement issued by the Chamber of Commerce, Industries and Agriculture of Panama: (Panama, May 29, 2017). EXPO TURISMO INTERNACIONAL 2017 received 11,960 visitors interested in the supply of tourism in Panama […]
On a 32-hectare site in San Miguelito, Panama, plans are underway to build a housing complex consisting of 920 homes, two water treatment plants and recreation areas. According to CentralAmericaData‘s Construction Project Identification System, the promotor Desarrollos Inmobiliarios del Golf (DIGSA) submitted an Environmental Impact Study (EIA) in March this year to build a residential complex within the […]
Rehabilitation, expansion and road construction in the provinces of Panama West and Coclé are some of the road projects planned for the coming months in Panama. CentralAmericaData‘s information system “Construction Projects in Panama” compiled by the Business Intelligence Unit includes an up to date list of public and private construction projects for which Environmental Impact […]
Zero tolerance in Panama for drug smuggling as Reuters reports. Panamanian authorities arrested 64 people and seized four tonnes of cocaine following a two-year investigation into a drug trafficking ring, the government said on Wednesday. Over the past 22 months, police have seized a total of $2.5 million in cash, 49 vehicles and one tonne […]
A new report by Smithsonian archaeologists and colleagues in the International Journal of Paleopathology identifies a bone tumor in the upper right arm of an adolescent who was buried in about 1300 AD in a trash heap at a site in western Panama called Cerro Brujo or Witch Hill. The reason for what appears to […]