Archive for May, 2008

29 May

Diesel prices climb above gas in Panama

An unexpected turn of events. Panama has always had lower diesel prices than gasoline which is contrary to what we see elsewhere in the world. This is because the government subsidized diesel fuel as it was mostly used for agriculture and the farmers have a hard time with expensive fuel on top of bad or […]

28 May

Delayed rice planting in Panama could mean more U.S. exports

Weather-related planting delays in Panama could increase export opportunities for the United States, and higher export numbers could translate into higher rice prices for U.S. producers, according to market analysts.
Soggy conditions and a government request to delay planting until soils begin to dry are expected to delay Panama’s rice harvest by about two months. […]

28 May

Central American office for FDA?

By Jonathan D. Rockoff | Sun reporter (Baltimore Sun) WASHINGTON - Health and Human Services Secretary Michael O. Leavitt, who has been working to open Food and Drug Administration offices in China, said yesterday that he believes a similar office should be opened in Central America. Leavitt, emphasizing that he was not conveying administration policy, […]

27 May

Ambassador Eaton nears end of term in Panama

This article from La Prensa reflects on the last three years Ambassador Eaton has served in Panama and paints the ambassador in a rather subdued roll as someone who likes the carnivals, the food and the people, only mentioning a few of the many serious things he has had to deal with during his time […]

27 May

Sharp decline in economic activity for Panama’s first quarter

As expected, the U.S. economic problems are moving south and having a significant effect on Panama’s economy. Although construction is still carrying the country, economists must know that there is a significant lag time between economic activity and the construction cycle. The slowing sales of condos won’t be felt in the construction industry until many […]

27 May

Two new towers announced in Panama City

It has been quite some time since I announced a new tower in the city and on this, the 26th of May 2008, I get to announce two. Either these boys don’t read the news or they know something I don’t about the international markets, which could well be the case. They have certainly had […]

26 May

New immigration regs are out; the good bad and ugly!

My attorney, Ann G., specializes in immigration visia’s for many of our clients and she sent me a 58 page document containing the new immigration regulations with the following one liner; Here are the new immigration regulations and so far, it looks horrible!
I immediately sent it out for translation and expect to have it back […]

25 May

Details of the Quebrada Bonyic 30 Megawatt Hydroelectric Power Plant

By DON WINNER for Panama-Guide.com - I just received an email containing a link to a document from the Inter American Development Bank containing details of the power plant being constructed in Bocas del Toro. From this document: “The project consists of the design, development, construction, operation and maintenance of a 30 megawatt (“MW”) run-of-the-river […]

25 May

Which is better, Panama or Costa Rica?

We spent last week at the tourism fair in San Jose Costa Rica and I wanted to share with my readers some of my observations. Many of you have noticed that I regularly post articles about Costa Rica on my blog. Some have even commented that I must be working for the tourism board of […]

22 May

Residential Islands planned for Punta Pacífica

I had posted an article about this project last year, but at that time the plan was to build three finger type peninsulas to the east of Punta Pacifica. That was the fourth proposal made and it raised a lot of issues because it showed high rise buildings placed right in front of […]