Panama City -Trade through the Panama Canal dipped in the last three months of 2007 amid a downturn in the U.S. economy and high oil prices, canal officials said. The tonnage passing through the canal dropped 2 percent to 79.0 million PC/UMS tonnes from 80.6 million PC/UMS tonnes in the same quarter in 2006. PC/UMS […]
Panama City-Scott Dunlap won the Nationwide Tour’s season-opening Panama Movistar Championship on Sunday, closing with a 1-over 71 for a one-stroke victory over Arjun Atwal and Jeff Klauk. The 44-year-old Dunlap, also the tour’s 2004 Mark Christopher Charity Classic winner, had a 3-under 277 total on the difficult Panama Golf Club course. “It’s the first […]
The Sovereign Society’s investment experts consistently have explained the greater profits available in offshore markets, especially so-called “emerging markets.” While this expert advice usually concerns the best picks of stocks, bonds, or mutual funds, Finance Daily, published in the United Kingdom, suggests it’s time to consider emerging market real estate.
Finance Daily notes: “Over the last […]
Fitch Ratings on Tuesday revised its rating outlook on the Republic of Panama to positive from stable, indicating a greater chance of a rating upgrade over the long term. The outlook change reflects a “virtuous circle of growth momentum and fiscal consolidation, which has put Panama’s public and external debt indicators on a downward path,” […]
This story from Costa Rica Pages travel and business gives us some insight into how Costa Rica promotes tourism. They are obviously bracing for a recession in the U.S. and they are smart enough to know that a recession means less money for travel. To counter this they are spending twice the money to promote […]
Since the announcement of the canal expansion I have been concerned about the economic implications of a recession on the feasibility of the plan. Many economists argued against the expansion because the numbers justifying it were based on a continuing growth in world economies. Now, less than a year after the announcement, all of the […]
I have attended this event each year for the past 10 and I am always astounded at the attendance numbers put out by the governing body. In this case the article below states attendance was down to 83,000 due to the bridge accessing the fair being under repair. The fair is a 10 day event […]
According to this short note in LA Prensa today, there should be improvements made to the airports over the next year.
The Autoridad Aeronáutica Civil (AAC) has earmarked $4,575,000 for the construction, repair, and maintenance of airports in 2008, said Gregorio Montecer, an advisor for the AAC. Of that amount, he said, $4,325,000 will be allocated […]
With volatile markets, stock exchange slumps, property declines and experts predicting a year of market uncertainty, are the old favourites like property and shares still smart investment choices?
Experts agree that it will be harder in 2008 to make the right investment decisions. However, that shouldn’t deter you from investing.
Dr Kate Warne, an Edward Jones […]
Rodrigo Julio Molina expounds on Panama’s past, present and future in this editorial I think you will find interesting.
This past Christmas season 2007 everyone is asking: What is happening in Panama? Every single hotel, whether in the city, at the beach or up in the mountains, is full. The malls […]
