An article in La Prensa today quotes port authority excuses for declining numbers in cruise ships. There are a number of reasons for the decline none of which are mentioned in the article but are obvious to any in the industry. You can read a well written piece about the cruise industry difficulties with Panama […]
Archive for June, 2008
This article points out that many of the contractors performing public works in the country did not have an escalation clause in their contracts and did not count on the huge increases in construction costs that have been seen over the last year or so. Of course when this happens they just stop the work. […]
This article is about the continued battle by residents of the reverted areas against the supreme court decision to change the zoning law of the areas. Allowing high rises in an other wise low rise residential area has caused those folks enough grief that they have been protesting for weeks. They may not have to […]
I sometimes post news on other countries in Central America that I find might be of interest to expat’s considering buying property in those lands. Since last year’s election of Daniel Ortega to the Presidency of Nicaragua, I have been following the events there more closely. Nicaragua is a beautiful country and a visit there […]
PANAMA CITY, June 24 (Reuters) - Panama’s economic activity rose 9.48 percent in April over the year-ago period, the government said on Tuesday, rebounding from a near five-year low posted in March.
Growths in the construction, mining, hotel and restaurant sectors were the strongest performers, according to the Comptroller General’s office.
Analysts said the figures for March, […]
Here is an article from La Prensa that is so ridicules that I have to post it. The housing ministry believes there are not enough rental properties on the market and incentives need to be given in order to get this part of the real estate market going. They honestly believe that the 20,000 plus […]
This article from La Prensa is meant to allay fears that souring fuel prices will dampen growth. I agree with their analysis that Panama is a service country for the most part and therefore oil has been less a factor than if they were manufacturing driven but….Panama’s recent growth is more directly related to construction […]
Bob Bauman from the Sovereign Society writes an interesting blog and his recent post about Panama and the dollar economy should be of interest to my readers.
Very few human construction projects have changed the face of the Earth as much as did the successful completion of the inter-oceanic Panama Canal in 1914 by the United […]
Being in the tourism and residential tourism industry we are greatly concerned about the airlines possibly cutting back flights as they have done in the U.S. and the Caribbean. Just as Panama is starting to see an increase in the number of flights from various parts of the world, higher fuel costs could throw a […]
PANAMA CITY, June 20 (Reuters) - Panamanian President Martin Torrijos said on Friday he would boost subsidies on gasoline and electricity in a bid to prevent further price increases and stem inflation.
Panama will spend at least $40 million in the next six months to blunt the impact of further international price increases, protecting consumers who […]