Panama: Law to Immobilize Bearer Shares


News from Panama

While not a true bearer share certificate, these were the first Panama Corporation stocks sold.  Bearer share certificates are common in Panama and is the way most property is owned allowing for a degree of anonymity.  That too may change and go the way of the Panama Canal Company. A law is being studied, which […]

August 28, 2012

Financial Transactions in Foreign Currencies


News from Panama

Post this under the category of “Forward Thinking” The government of Panama is investigating in conjunction with the banking sector and representatives of the European Union how to facilitate financial transactions with the Euro and other foreign currencies. A statement by the Presidency of Panama reads: Mechanisms Sought to facilitate financial transactions in foreign currencies […]

August 28, 2012

Four Bids for South Terminal at Tocumen


News from Panama

Big Plans for Tocumen International Airport and now the tender has been released.  Four bids were received representing an investment of $600 million. The Brazilian company Norberto Odebrecht, Costa Rica’s Meco, and Grupo Conalvías from Colombia, along with the China Harbour Engineering Company, were the four companies who submitted proposals for the required technical and […]

August 28, 2012

Panama Big Game Club’s New Navy


News from Panama

There are two ways to fish here in Panama.  Well maybe now there are a lot more like, comfort, speed, luxury and with all the toys available.  Panama Big Game Club has by far the best equipped fleet of vessels if you want to have it all.  I visited with the owner Mark Charman this […]

August 28, 2012

Protecting Panama’s Marine Resourses


News from Panama

As many of you may know, I am an avid angler who enjoys fishing both deep sea as well as fishing the numerous inshore islands with a small panga here in the gulf of Chiriqui.  I was born here in Panama in 1954 and my father fished these same waters in 1952 through 1955 when […]

August 8, 2012

Update to Cost of Living in Panama


News from Panama

In an update, Don Winner at The Panama Guide reports on six more families that discuss their living costs in different areas of Panama.  Keep up the great work Don. Reinforcing Earlier Conclusions: This report covers six families and a total of eleven people. For this group, the average cost of living worked out to […]

August 7, 2012

Boomers Set To Globalize Retirement


News from Panama

No previous U.S. generation has seen the world change faster and more dramatically than the 76 million Baby Boomers. If you’re one of them, you understand that for many there exists a feeling of being in a special place and time, of seeing and experiencing a myriad of transformations that imbued many with a residing […]

July 23, 2012

Panama’s Ocean Reef is growing!


News from Panama

Soon to look like this The Panama Guide posted a notice that the contractor had started compaction to the fill that is soon to be the home of the Ocean Reef development here in Panama City.  It is kind of like the island cities in Dubai and no wonder that the back drop is the […]

July 16, 2012