{"id":1033,"date":"2010-06-17T15:00:55","date_gmt":"2010-06-17T20:00:55","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=1033"},"modified":"2010-06-18T18:31:32","modified_gmt":"2010-06-18T23:31:32","slug":"news-from-panama","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/news-from-panama\/","title":{"rendered":"News from Panama"},"content":{"rendered":"<h2>Panama&#8217;s 1Q Gross Domestic Product Expanded 4.9% On Year<\/h2>\n<p><a href=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2010\/06\/finacial-tower.jpg\"><img loading=\"lazy\" decoding=\"async\" title=\"finacial tower\" src=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2010\/06\/finacial-tower-300x211.jpg\" alt=\"\" width=\"300\" height=\"211\" \/><\/a>\u00a0<\/p>\n<pre>Panama's new Financial Tower planned for development next year<\/pre>\n<p>We have continuing good reports as the 1st Quarter Economic indicators here in Panama are very positive.\u00a0 This just in from the Wall Street Journal\u00a0<\/p>\n<p style=\"text-align: justify;\">DOW JONES NEWSWIRES\u00a0\u00a0 \u2022 JUNE 15, 2010, 8:18 P.M. ET<br \/>\nThe Panamanian economy expanded 4.9% in the first quarter of this year, compared with the same period a year ago, led by transportation, which includes telecoms and port activities, and tourism, the Statistics and Census Office said Tuesday in a report published on its website.\u00a0\u00a0 &#8220;The economy recovered very well from world economic crisis,&#8221; Economy and Finance Minister Alberto Vallarino said in a statement. &#8220;These results are above the ministry&#8217;s estimates and well above the forecasts included in the budget in September of last year.&#8221;\u00a0 He said the growth is the result of the work done over the last few years. The good shape of the country&#8217;s economy convinced the three major rating agencies to upgrade Panama&#8217;s debt ratings to investment grade over the past couple of months.\u00a0 The transportation industry in Panama expanded 10% in the first quarter, while hotels and restaurants grew 6.9% as the number of tourists visiting the country rose 5.2%.\u00a0\u00a0 The Panama Canal suffered from decreased transportation of goods as the number of tons shipped through the canal fell 2.2%. However, revenues from the canal rose 3.1%.\u00a0 The Panamanian economy had expanded 2.4% in 2009, down from 9.2% in 2008.\u00a0<\/p>\n<p>-By Inti Landauro, Dow Jones Newswires; 57-1-694 00 76; <a href=\"mailto:colombia@dowjones.com\">colombia@dowjones.com<\/a>\u00a0<\/p>\n<h2>\u00a0<\/h2>\n<h2>Latin America Business: Panama Best<\/h2>\n<h2><a href=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2010\/06\/panama-skyline.jpg\"><img loading=\"lazy\" decoding=\"async\" title=\"panama-skyline\" src=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2010\/06\/panama-skyline-300x199.jpg\" alt=\"\" width=\"260\" height=\"199\" \/><\/a><\/h2>\n<p>Panama\u00a0has replaced\u00a0Chile\u00a0as the Latin American country with the best business climate, according to the fifth annual Latin Business Index from\u00a0<em>Latin Business Chronicle<\/em>.\u00a0<\/p>\n<p>Last month the Latin Business Journal\u00a0posted this article describing Panama&#8217;s ranking amongst other Latin American Countries and the headlines tells the whole story but if you want to read the article you can go here\u00a0\u00a0<a href=\" http:\/\/www.latinbusinesschronicle.com\/app\/article.aspx?id=4180\" target=\"_blank\">Panama is Best.\u00a0<\/a> I would encourage you to subscribe to\u00a0the <em>LBC<\/em> \u00a0if you have any interest in doing\u00a0business in Latin America.<\/p>\n<h2>\u00a0<\/h2>\n<h2>Why Relaxing Is Hard Work<\/h2>\n<p>On a lighter note I thought that this article that\u00a0I read in the Journal was so on point when it comes to trying to chill while on vacation.\u00a0 This is another reason that I moved to Panama where everyday is like a vacation whether you are working or not, so you don&#8217;t get caught up in the rat race like I did back in the States.\u00a0 At least down here if you could call this a rat race, the cheese is a lot better.\u00a0<\/p>\n<p><a href=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2010\/06\/PJ-AV410_HEALTH_DV_20100614212024.jpg\"><img loading=\"lazy\" decoding=\"async\" title=\"PJ-AV410_HEALTH_DV_20100614212024\" src=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2010\/06\/PJ-AV410_HEALTH_DV_20100614212024.jpg\" alt=\"\" width=\"262\" height=\"394\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">\u00a0 &#8220;<em>The water&#8217;s blue, the waves are lapping. Geez, it&#8217;s hot. Do I have enough sunscreen on? Why did I wear this bathing suit? How long have we been here? I wonder what&#8217;s happening at the office. Have they finished that project? Where is that cellphone? Wait, don&#8217;t tell me there&#8217;s no service!&#8221;<\/em>\u00a0<\/p>\n<p>\u00a0Can&#8217;t slow down? Even on vacation? You&#8217;ve got plenty of company.\u00a0<\/p>\n<p>Read the entire article <a href=\"http:\/\/online.wsj.com\/article\/SB10001424052748704324304575306591706447132.html\" target=\"_blank\">here<\/a>\u00a0<\/p>\n<h2>Jazz in Panama<\/h2>\n<p style=\"text-align: justify;\">I have reported on a place in Panama, where like South Beach back in Miami, the vibe is good, the restaurants and night clubs are trendy and the jazz can be hot.\u00a0 Welcome to Casco Viejo &#8220;The Old City&#8221; home of the Jazz Festival and many exciting artists who frequent this wonderful place.\u00a0<\/p>\n<p style=\"text-align: justify;\"><a href=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2010\/04\/CV.jpg\"><img loading=\"lazy\" decoding=\"async\" title=\"CV\" src=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2010\/04\/CV-300x292.jpg\" alt=\"\" width=\"269\" height=\"269\" \/><\/a>\u00a0For more on this wonderful place visit <a href=\"http:\/\/www.cascoviejo.org\" target=\"_blank\">Casco Viejo<\/a><a href=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2010\/06\/finacial-tower.jpg\"><\/a><\/p>\n<p style=\"text-align: justify;\">While the Jazz Fest isn&#8217;t until January, preparations are already underway and this coming year promises to have a lot of talent.\u00a0 In the meantime, here is a little video I saw on the Panama News that is\u00a0 an example of the talent I am talking about.<\/p>\n<p><strong>A special Wappin Radio Show edition: jazz that goes all over the place but starts, passes through and ends at The Crossroads of the World<\/strong><\/p>\n<p>\u00a0<strong>Carlos Ubarte, Aldo Salvent, Alejandro Chiabrando<\/strong><br \/>\n<strong>Tenor Sax Attack<\/strong><\/p>\n<p><object classid=\"clsid:d27cdb6e-ae6d-11cf-96b8-444553540000\" width=\"640\" height=\"385\" codebase=\"http:\/\/download.macromedia.com\/pub\/shockwave\/cabs\/flash\/swflash.cab#version=6,0,40,0\"><param name=\"allowFullScreen\" value=\"true\" \/><param name=\"allowScriptAccess\" value=\"always\" \/><param name=\"src\" value=\"http:\/\/www.youtube.com\/v\/wH9qnOXtstc&amp;color1=0xb1b1b1&amp;color2=0xd0d0d0&amp;hl=en_US&amp;feature=player_embedded&amp;fs=1\" \/><param name=\"allowfullscreen\" value=\"true\" \/><embed type=\"application\/x-shockwave-flash\" width=\"640\" height=\"385\" src=\"http:\/\/www.youtube.com\/v\/wH9qnOXtstc&amp;color1=0xb1b1b1&amp;color2=0xd0d0d0&amp;hl=en_US&amp;feature=player_embedded&amp;fs=1\" allowscriptaccess=\"always\" allowfullscreen=\"true\"><\/embed><\/object><\/p>\n<p>Thank you for allowing me to share this news and some of my thoughts with you and I hope that you might consider visiting with us and see why Panama is a special place.<\/p>\n<p>Cheers!!<\/p>\n<p>Tom Brymer<\/p>\n<p><a href=\"mailto:tbrymer@brymerpa.com\">tbrymer@brymerpa.com<\/a><\/p>\n<p>305-448-1003<\/p>\n<p>In Panama call 507-6810-1074<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Panama&#8217;s 1Q Gross Domestic Product Expanded 4.9% On Year \u00a0 Panama&#8217;s new Financial Tower planned for development next<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[8,10,12,21,16,18,22,19,23,14,24,11,6,20,25,7,15,17],"class_list":["post-1033","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective","tag-azuero-penninsula","tag-bocas-del-toro","tag-boquete","tag-energy","tag-estate-planning","tag-foundations","tag-hydro-electric","tag-investments-in-panama","tag-jazz","tag-legal-issues","tag-music-in-panama","tag-offshore-real-estate","tag-panama","tag-panama-economics","tag-panama-jazz-fest","tag-panama-real-estate","tag-tax-issues","tag-trusts"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>News from Panama - Blog and Newsletter<\/title>\n<meta name=\"robots\" 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