When looking at the vulnerability of Panama banks to a downturn in the economy, the consumer debt load is a key mile post. In this short article from La Prensa we see that credit card debt is increasing significantly and the total amount is $1.3 billion. There are a few other interesting statistics found in […]

The Department of State has a long-standing commitment to the sustainability of the environment through its design and construction of green embassies around the world. We are proud to announce that the U.S Embassy Compound in Panama City, Panama has earned the United States Green Building Council’s LEED® certification. This is the second […]

Medical tourism can mean attractive opportunities for foreign patients and investors
In our previous article, Medical Tourism: Seeking Affordable Healthcare Overseas, NuWire investigated the modern concept of medical tourism—traveling to foreign countries for lower cost of care. Medical tourism destinations have emerged all over the globe, from Thailand to South Africa, and even European countries such […]

This short article from La Prensa points out delays associated with the canal expansion due to technical issues. At the end it also raises concern about the Canal authority having difficulties in securing financial guarantees required when doing projects like this. If they are having difficulties with financing about $850 million, will Panama have difficulties […]

The inns would give families in rural areas an opportunity to venture into tourism.
The first inns will be built in the provinces of Coclé, Colón, Veraguas and Chiriquí.
The need for tourist accomodations in the country’s interior has motivated the Instituto Panameño de Turismo (Ipat) to promote the development of country inns that would give […]

Investors say they´ve sunk nearly $3 million in an unapproved project off the coast of Vera Cruz.
“If they don’t give us a green light, we can not continue to spend money,” said Carlos Llamas, president of the Panamarina Pacific project promoted by Spanish and French investors who want to make an island in […]

Danny Mizrachi from Panama has submitted his green Plymouth Scamp to a muscle car competition being held on CarCraft.com. Winners will be published in the Car Craft magazine in the United States. Please click on the link below and vote for Danny’s Scamp (car #14 in the competition) if you want to support him and […]

Panama International Merchandise

Mart aims to become Latin America’s largest, thanks in part to Chinese and Indian companies.

At the Panama International Merchandise Mart (PIMM), which aims to become the largest wholesale merchandise center in Latin America, Chinese companies account for the largest contingent of the 1,150 showrooms that have been sold out so […]

The recent events unfolding in Panama regarding, taxes, immigration and tourism have prompted a number of readers to write me with misgivings about moving to or staying in Panama. Obviously the current administration is implementing a strategy that will make it less attractive to invest and live here. It is clear that some within the […]

Dressed in military-style fatigues and holding a metal pole for catching snakes, José Luis Ortega hardly looks to be at the vanguard of a $5.25bn project to expand Panama’s canal.
But before long, the strip of land near the Pacific Coast that Mr Ortega is clearing of fauna in preparation for the bulldozers will be gone. […]