Archive for December, 2007

26 Dec

Special report: The real story behind Panama’s tourism numbers

Lies, Damn Lies and Statistics
It has taken considerable time and effort to put this report together and its implications are undeniably profound. Our purpose is in no way designed to hurt the country. We want to shine light of truth on what is believed by most people, in and outside of Panama, to be the […]

26 Dec

URGENT ALERT - The 90-day tourist visa returns for U.S. citizens

Rumors have been flying around lately that the 30-day tourist visa restriction has been rescinded and U.S. citizens now can stay in Panama for 90-days as tourists. I received a phone call earlier this week from a client (a U.S. Citizen) who entered Panama last week on a flight from the U.S. and was […]

26 Dec

La verdadera historia detrás de los números del turismo en Panamá

El principio básico para tomar cualquier decisión comercial atinada es contar con la capacidad de recopilar y analizar datos precisos. Si no se poseen números confiables, cualquier decisión que se tome constituye una apuesta, un mero despropósito.
En teoría, el turismo es la industria de más rápido crecimiento en Panamá. Según estadísticas suministradas por […]

26 Dec

Panama declares US invasion date a national day of mourning.

Another holiday in an already holiday-full-month is just what the people of Panama need. And while were at it, lets use the bully pulpit to downgrade the U.S. and its citizens. I certainly am not belittling the fact that at least 500 innocent citizens of Panama died that day, but how would Panama react to […]

26 Dec

TAX RELIEF IS BACK! Merry Christmas from the government of Panama.

The article below appeared in today’s La Prensa. This is great news for the real estate industry in Panama since it extends the 20-year property tax exemption for all projects whose building permits are issued before December 31st, 2009.
Combined with the reinstatement the 90-day tourist visa for U.S. citizens and these two […]

19 Dec

Special report-Panama: Commercial Real Estate Grows

This is a very informative report from the Latin Business Chronicle regarding Panama’s immediate and future position for both residential and commercial real estate development.
Commercial - rather than residential - may be the main growth driver for Panama’s real estate sector, experts say.
Panama’s residential real estate market - until recently seen as one of […]

19 Dec

South of the border, the market’s still hot

Americans’ appetite for investment opportunities is helping to spur a building boom in some areas. In Panama, 170 residential-building projects are under way, mostly marketed to Americans, and 100 more are in the pipeline, according to Panama Legal, a law firm based in Panama City. Among them, a 1,500-acre resort and marina by Naples, Fla.-based […]

19 Dec

Panama Biggest Airport Ready to Be Expanded

This in from Prensa Latina
Panama, Dec 16 (Prensa Latina) The Tocumen airport of the Panamanian capital is ready to undertake construction work that will enable to increase its current operation capacity by 38 percent, revealed sources of this sector on Sunday.
The biggest Panamanian air terminal has already finished an expansion program that involved an investment […]

19 Dec

Canada, U.S. frosty over N.W. Passage

Maybe the canal expansion is all ado about nothing. Canada and U.S. already making claims to the right of way which will save almost 5000 nautical miles.Global warming is leading to chilled relations between Canada and the United States over accessibility to the thawing Northwest Passage.
John Falkingham, chief of ice forecasting for the Canadian […]

19 Dec

Stressed Britons flee gloom for laid-back life

LONDON (Reuters) - Anne Darwin may be the one who hit the headlines, but Britons are emigrating in droves.
Darwin, 55, who returned last weekend from Panama to face charges of deception linked to her husband’s “return from the dead” five years after a canoeing accident, was one of record numbers who are leaving.
All have different […]