Ayn Rand: Doomed Companies


News from Panama

“When you see that trading is done, not by consent, but by compulsion–when you see that in order to produce, you need to obtain permission from men who produce nothing–when you see that money is flowing to those who deal, not in goods, but in favors–when you see that men get richer by graft and […]

May 30, 2017

Manuel Noriega, former dictator of Panama, dead at 83


News from Panama

Bijan Hosseini and Joel Williams report of Noriega’s life and death at CNN. Manuel Noriega, the former Panamanian dictator and convicted drug trafficker who was once one of Central America’s most notorious military strongmen, has died, according to a tweet by Panama’s President Juan Carlos Varela on his verified Twitter account. Noriega, 83, had undergone surgery […]

May 30, 2017

An Entire Country Lists Itself on Airbnb


News from Panama

Here is a country that is on my bucket list. Sweden regularly ranks among the world’s happiest countries, and its new partnership with Airbnb hints at a key reason why: it’s beautiful, and that natural beauty is accessible to all. Really, to all, especially now that Sweden has put the whole country up on Airbnb, […]

May 29, 2017

Panama cuts stays for Colombians, Venezuelans, Nicaraguans


News from Panama

  Panama says it’s halving the maximum time for tourism visits by people from Colombia, Venezuela and Nicaragua to 90 days. President Juan Carlos Varela’s announcement of the plan Friday comes amid concerns that many visitors have been staying on in Panama after coming as tourists. Panama will also seek to verify that people seeking […]

May 29, 2017

Island Home in the Gulf of Panama Hitting Auction Block


News from Panama

For those searching for the seclusion of an island but quick access to city life, Hacienda La Perla on Isla Contadora off the coast of Panama could be just the place. The eight-bedroom, 11-bathroom abode is being offered without reserve in an auction by Concierge Auctions on Wednesday. The current listing price is $3.95 million. […]

May 29, 2017

You Want Dollars? Have a billion!


News from Panama

At a press conference and in the face of continued exchange rate hikes, a Central Bank executive in Costa Rica said that if the public wanted to continue buying dollars, they had billions there. This morning on Thursday, May 25, the price of a dollar 600 colones at some bank windows surpassed, dropping back to […]

May 29, 2017

Three Bids in $144 million Treatment Plant Tender


News from Panama

Between $91 million and $138 million is the range of proposals presented in the tender to build and operate a wastewater treatment plant in Arraiján Este, a trunk system and its interconnections. The tender consists of designing, constructing, operating and maintaining a wastewater treatment plant in Arraiján Este, a trunk system and its interconnections, and the operation […]

May 29, 2017