Ocean Reef Rises Off of Panama City


News from Panama

This project was announced last year and quite frankly, I did not expect to see it progress.  It is like The World developed by Nakheel in Dubai but much smaller.  Still, for Panama this is huge and like the recent opening of Trump Ocean Club which is the tallest building in Latin America it is […]

September 13, 2011

Panamanian Banking Center Holds Firm


News from Panama

By making some adjustments, the sector has been able to resist the onslaught from the global financial crisis. This in from LaPrensa.com Since its inception in 1970 with the creation of the banking law, Panama’s banking and financial sector has grown and molded itself to the characteristics of the economy, making adjustments but surviving after […]

September 8, 2011

Tale of Two Coasts


News from Panama

I saw this article posted by my friends at Business Panama and thought that you might enjoy a recent report by a visitor to our area here in Chiriqui who also visited Bocas which is  over the mountains on the Caribbean coast. Here is the article by Jenalia Moreno, Hearst Newspapers It reminded us of […]

September 8, 2011

Panama oil reserves upgraded in survey reports


News from Panama

This comes under the saying by Paul Getty: “Formula for success: rise early, work hard, strike oil” (UPI. com) PANAMA CITY, Panama, Sept. 1 (UPI) — Expert surveys in Panama have established the Central American nation is sitting on an oil bonanza worth at least $15 billion. Panama is dependent on imported oil and rising […]

September 8, 2011

Panama: Latin America’s Technology King


News from Panama

President Martinelli has led the push for increased connectivity in Panama. Panama has replaced Uruguay as Latin America’s technology leader, according to the sixth annual Latin Technology Index from Latin Business Chronicle. The Latin Technology Index provides a unique comparison of the technology level of 19 Latin American countries by looking at the penetration rates of Internet, broadband […]

September 1, 2011