Home » Archives
Chinese Ethnic Day Celebrated in Panama
Written on 31 Mar, 2009 at 19:34 in News in Panama | viewed times and users have made 0 comments so far
Chinese Ethnic Group Day was acknowledged by the Panamanian government in 2004, and set for March 30 every year. The Chinese community has been very much involved with Panama over the last 150 years, and contributes towards the nation in... (Continue reading)
CAF Approves Loan for Panama Banking System
Written on 31 Mar, 2009 at 19:30 in Financial News | viewed times and users have made 0 comments so far
The Andean Development Corporation (CAF) has approved a $210 million loan for the strengthening of the liquidity of the Panama banking system. The funds are to be chanelled through the Banco National de Panama, the state institution that acts as... (Continue reading)
Tourism and Real Estate Sales affected by Global Crisis
Written on 31 Mar, 2009 at 19:26 in News in Panama | viewed times and users have made 0 comments so far
Although Panama is not as affected by the global financial slowdown, the President of the Chamber of Tourism in Panama, Jaime Campuzano claims the number of tourists has started to dwindle. This has been confirmed by both tourist operators and... (Continue reading)
History of the Panama Pacifico Site
Written on 27 Mar, 2009 at 18:48 in History of Panama | viewed times and users have made 0 comments so far
The site where construction is proceeding for the development of the Panama Pacifico project used to be the site of a United States Air Force Base. The base which was known as the US Howard Air Force base was a... (Continue reading)
Cane Honey Exports
Written on 27 Mar, 2009 at 18:32 in Financial News | viewed times and users have made 0 comments so far
Cane honey has proven to be an export hit for a family and their business from the Sabana Grande region in Los Santos. The family tried their luck at producing cane honey five years ago and is now paying dividends... (Continue reading)
Panama and Belgium sign agreement
Written on 27 Mar, 2009 at 18:26 in Politics & Government | viewed times and users have made 0 comments so far
The President of Panama, Mt Martin Torrijos and Prince Phillipe of Belgium have met to discuss and negotiate an investment protection agreement, the agreement signed by the Ricardo Duran, temporary Foreign Minister and Belgian Business Minister Vincent van Quickenborne is... (Continue reading)
Community Associations
Written on 26 Mar, 2009 at 21:31 in News in Panama | viewed times and users have made 0 comments so far
A community association is governed by a defined set of rules and regulations; these are commonly known in the context of a community association as Covenants, Conditions, Restrictions, By Laws, Rules and Regulations. Each and every member of the community... (Continue reading)
Panama Student
Written on 26 Mar, 2009 at 21:12 in News in Panama | viewed times and users have made 0 comments so far
It has been calculated that a student studying in Panama, at one of the American University’s campuses, can save up to 50% in tuition fees compared to studying in the United States. The University of Louisville and Florida State University... (Continue reading)
Bilateral Talks precede Pathways to Prosperity in Americas Meeting
Written on 26 Mar, 2009 at 21:07 in Politics & Government | viewed times and users have made 0 comments so far
Panama’s President Torrijos and US Secretary of State Condoleeza Rice are scheduled for bilateral talks to discuss issues of common interest between the two countries. The Ministerial meeting of the Pathways to Prosperity in the Americas initiative is based around... (Continue reading)
Panama’s Agriculture under pressure
Written on 26 Mar, 2009 at 21:02 in News in Panama | viewed times and users have made 0 comments so far
The global financial situation has affected the levels of Panama’s export markets displaying less demand; however the agricultural sectors exports were not affected by the financial crisis, but rather due to high production costs. Meanwhile the production of bananas, and... (Continue reading)
Restaurante Lourdes
Written on 26 Mar, 2009 at 20:49 in Panamanian | viewed times and users have made 0 comments so far
The ambience and setting of this restaurant are out of this world. Located in El Valle de Anton, the venue forms part of the La Casa de Lourdes Boutique Hotel. They offer unique signature dishes including the blackened fish in... (Continue reading)
Cholos Mexican Restaurant
Written on 26 Mar, 2009 at 20:34 in Latin | viewed times and users have made 6 comments so far
Located between San Carlos and Las Palmas , just off the Inter-American Highway, Cholos Restautrant offers a typical Mexican feast in a laid back surfer themed restaurant. The layout of the restaurant is quite small, but intimate with the establishment... (Continue reading)
El Cevichito Bar
Written on 26 Mar, 2009 at 20:25 in Bars & Pubs | viewed times and users have made 0 comments so far
Cheap beers, vibey, close to the Pacific community of Coronado. The venue offers two main areas, the indoor bar and the outside bar with a jukebox to select your own music. The venue is ideal for those seeking a night... (Continue reading)
Restaurante Bar Amarillis – San Carlos
Written on 26 Mar, 2009 at 20:19 in European | viewed times and users have made 0 comments so far
A relaxing, laid back restaurant that offers nice Spanish themed background music for their patrons. The menu is somewhat limited but comprehensive enough to suit all tastes, as well as catering for the vegetarian. Their selection ranges from Seafood, to... (Continue reading)
Bar Platea
Written on 26 Mar, 2009 at 20:10 in Bars & Pubs, Music, Nightlife | viewed times and users have made 0 comments so far
Located in Casco Antigua, opposite the old Union Club, the ambience and settings of this venue have to be experienced. The artistically decorated interior has been designed with wood and stone to enhance the acoustics for the live music and... (Continue reading)
Economic Growth Slows
Written on 26 Mar, 2009 at 14:44 in Financial News | viewed times and users have made 0 comments so far
Panama’s economic growth slowed down to a growth of 4,9%, compared to the same period in 2008. The economic growth of Panama has been affected by the fact that the global trade and recession problems have resulted in a lower... (Continue reading)
Azueros Vacation Rentals
Written on 24 Mar, 2009 at 16:25 in Business | viewed times and users have made 0 comments so far
Prices are from $150 per night. Please contact us for availability and pricing. Local Activities Include • Fishing • Scuba Diving • Horse Riding • Hiking • Local Dining • Relaxation Built on 9,043.96 square meters, the 20 Ocean Lofts... (Continue reading)
Panama City Suites
Written on 24 Mar, 2009 at 16:08 in Business | viewed times and users have made 0 comments so far
Panama City Suites offer short term rental solutions in El Cangerjo, Panama City. Enjoy fully furnished apartments located a short walk away from all the cities best restaurants, shops, bars and Casinos. All the units have 2 bedrooms and 3... (Continue reading)
Special Property Tax Stopped
Written on 24 Mar, 2009 at 15:30 in Financial News | viewed times and users have made 0 comments so far
The proposed special tax on properties near the coastal strip has been scrapped, due to the fact that the Government has found other ways of financing the popular Coastal Strip. President Torrijos confirmed that the funding for the construction of... (Continue reading)
Canadians weary of Panama lawyers
Written on 24 Mar, 2009 at 15:28 in News in Panama | viewed times and users have made 0 comments so far
A legal firm has managed to create an air of distrust with many Canadians following the defrauding and conning of Canadian citizens who are purchasing properties in Panama, as well as looking to immigrate to the country. This has led... (Continue reading)
Panama’s Torrijos to visit Gautemala
Written on 23 Mar, 2009 at 23:20 in Politics & Government | viewed times and users have made 0 comments so far
President Martin Torrijos is visiting Guatemala and is the first head of state to do so since Colom took office in mid January. Following Torrijos’ visit the heads of state of Colombia, Brazil , Mexico and Venezuela will visit Gautemala.... (Continue reading)
$92 million to be spent on athletics
Written on 23 Mar, 2009 at 23:16 in News in Panama | viewed times and users have made 0 comments so far
The government will be spending a total of $92 million on the improvement of athletics facilities, including the construction of 60 synthetic soccer fields, at a cost of $80,000 each. The synthetic fields are for the improvement of players, as... (Continue reading)
Panama signs trade agreements
Written on 20 Mar, 2009 at 14:54 in Financial News | viewed times and users have made 0 comments so far
Panama has signed trade agreements with Guatemala and Cuba within the past few weeks. The Panama Cuba commercial agreement is set to boost bilateral exchange of goods and services over 700 product lines, and provides favorable import duties. The relationship... (Continue reading)
Panama seeks advantage on emerging market debt
Written on 19 Mar, 2009 at 15:21 in Financial News | viewed times and users have made 0 comments so far
Panama has sold over $320 million worth of bonds to mature in 2015, the bonds were sold at 101 cents to the dollar according to Bloomberg data, and will yield 7.04%. The sale of bonds is the reopening of the... (Continue reading)
Panama Banking Safe
Written on 13 Mar, 2009 at 21:52 in Financial News | viewed times and users have made 0 comments so far
The Panama Bank Superintendent, Olegario Barrelier has confirmed that the Panama banks are in no danger of insolvency, and are neither under any suspicion at all. This is in response to the various inquiries that have been flooding the Panama... (Continue reading)
Panama’s 2008 Budget ends in surplus
Written on 11 Mar, 2009 at 22:35 in Financial News | viewed times and users have made 0 comments so far
The 2008 consolidated budget of Panama ended with a surplus equaling 0,4% of the country’s Gross Domestic Product, or $97,8 million. Although the surplus was substantially lower than that of 2007, analysts confirm that it is still a very positive... (Continue reading)
Heritage maintenance under scrutiny
Written on 10 Mar, 2009 at 15:56 in News in Panama | viewed times and users have made 0 comments so far
UNESCO have warned Panama government officials about their heritage and landmark sites of San Lorenzo, Portobelo, and Casco Antiguo. The San Lorenzo fort is apparently surrounded by trash, whilst the Portobelo structure of the San Fernando Fort requires structural attention... (Continue reading)
Panama joins PetroCaribe Fuel Assistance Program
Written on 9 Mar, 2009 at 22:54 in Politics & Government | viewed times and users have made 0 comments so far
Venezuela has approved Panama’s request to join the Petrocaribe fuel assistance program, which provides fuel at 60% of the cost of Venezuelan oil, and the balance payable at a 1% interest long term basis, used to fund future projects in... (Continue reading)
3 Bids received for Panama Canal Expansion
Written on 9 Mar, 2009 at 22:30 in News in Panama, The Panama Canal | viewed times and users have made 0 comments so far
Three bids for the extensive expansion of the Panama Canal on both the Atlantic and Pacific side have been received by the Panama Canal Authority. These bids are for the basis of the entire project and involve the construction of... (Continue reading)
