Home » Archives
Panama Heritage in Danger
Written on 14 Jul, 2009 at 21:29 in News in Panama | viewed times and users have made 1 comment so far
Panama heritage in danger Cultural experts have expressed concern over the danger of the Panamanian Creole language being threatened, due to the fact that so few people are using the language. In addition to that another five native languages are... (Continue reading)
Arabesque Fancy Dress and Costumes
Written on 1 Jul, 2009 at 16:11 in World News | viewed times and users have made 0 comments so far
Arabesque has recently launched their first website offering fancy dress and costumes for sale online. The business before this focused on renting costumes through its store but now the demand for online costume sales has increased to new heights. On... (Continue reading)
Panama Corporation
Written on 1 Jun, 2009 at 19:39 in Financial News | viewed times and users have made 0 comments so far
Companies in Panama take advantage of Law 41 Law 41 of 2007 was promulgated to provide incentives for international companies to establish regional headquarters in Panama. Most of the incentives are fiscal based, and pertaining to total exoneration of income... (Continue reading)
Panama Canals old Mindi to be replaced
Written on 21 May, 2009 at 20:33 in News in Panama | viewed times and users have made 0 comments so far
Panama Canals old Mindi to be replaced The historic dredge, Mindi, is set to be replaced by a new and more efficient dredging model, to be manufactured in the Netherlands. The ACP has awarded a $95.92 million contract to... (Continue reading)
Shipping Terminals
Written on 20 May, 2009 at 21:08 in News in Panama | viewed times and users have made 1 comment so far
Management of Port Terminals Seminar in Panama An international seminar dealing with the management of port terminals was recently held in Panama, essentially dealing with issues ranging from the management of food and agricultural terminals including the current technology and... (Continue reading)
Panama Industry
Written on 20 May, 2009 at 20:23 in Financial News | viewed times and users have made 0 comments so far
Panama’s Business Leaders Confident The recent success of Martinelli at the polls in Panama has had media report that the business leaders in Panama are confident of future growth within the region. The country has shown a increase in growth,... (Continue reading)
Veracruz Panama City
Written on 13 May, 2009 at 14:47 in News in Panama | viewed times and users have made 0 comments so far
Veracruz Originally known as Camaron, the area was founded in 1934, and later renamed to Veracruz. Wildlife and beauty abound in this area, which has exquisite beaches that are extremely popular amongst locals and tourists over the holidays and weekends.... (Continue reading)
The Ecotourism Society
Written on 28 Apr, 2009 at 20:48 in News in Panama | viewed times and users have made 2 comments so far
Ardan International Group S.A. Ardan International Group, S.A., is a Panamanian Company with offices in Panama City and field operational facilities in several locations around Panama. Ardan, with strategic partners and consultants, only considers responsible projects with a commitment to... (Continue reading)
Turismo en Panama
Written on 28 Apr, 2009 at 14:50 in News in Panama | viewed times and users have made 0 comments so far
Crisis Económica no afecta Turismo de Panamá La recesión global no ha afectado la industria de turismo en Panamá, más bien un aumento del 11,7 %, en enero, esta informacion fue reportada por el Ministro Ruben Blades. Son dos los... (Continue reading)
Lugares Turisticos de Panama
Written on 24 Apr, 2009 at 19:42 in News in Panama | viewed times and users have made 0 comments so far
Lugares Turisticos de Panama Localizado en El Cangrejo Corazón de la Ciudad de Panamá. En el Cangrejo usted podrá encontrar los mejores restaurantes, casinos, bares y una vida nocturna muy activa, por ende este lugar es uno de los mejores... (Continue reading)
Ahorro de Energia Electrica
Written on 23 Apr, 2009 at 16:59 in News in Panama | viewed times and users have made 0 comments so far
GreenSwitch Para Ahorrar Energía & Dinero La tentativa de apagar todos sus interruptores y asegurar que todos sus dispositivos electrónicos estén desconectados cada vez que sale de casa o simplemente cuando no los estamos utilizando puede ser un poco difícil,... (Continue reading)
Banking in Panama
Written on 21 Apr, 2009 at 16:13 in Financial News | viewed times and users have made 0 comments so far
Panama Banking Safe 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... (Continue reading)
Panamas Drug victories from 2008
Written on 20 Apr, 2009 at 20:22 in News in Panama, Politics & Government | viewed times and users have made 0 comments so far
Panamanian authorities had a busy year in 2008 With the latest figures released on the war on drugs. The year heralded arrests of no less than 540 people, arrested for drug trafficking, whilst a total of $1,5 million was appropriated... (Continue reading)
Panamas Flat Tax
Written on 20 Apr, 2009 at 20:08 in News in Panama | viewed times and users have made 1 comment so far
Tax Exemption on energy efficient appliances The Cabinet Council of Panama is considering the final approval of allowing tax exemption on energy efficient appliances that comply with certain energy efficiency ratios. The items that are under consideration include refrigerators, airconditioners,... (Continue reading)
Over 1 ton of Cocaine seized in Coast Arriba, Panama
Written on 4 Apr, 2009 at 19:40 in News in Panama | viewed times and users have made 0 comments so far
A joint operation between Panama and US authorities, codenamed ‘Operation Mar Sereno’ has netted 1,3 tons of cocaine, and the arrest of 7 Colombian suspects. The operation came about after a sailboat was spotted in Portobelo Bay, and was linked... (Continue reading)
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)
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)
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)
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)
Noriega’s fate hangs in the balance
Written on 19 Feb, 2009 at 23:24 in Politics & Government | viewed times and users have made 0 comments so far
Former military dictator General Noriega would like to return to Panama, however his prisoner of war status carries the potential extradition to France, where Noriega was tried in absentia. The French government has requested the United States to extradite Noriega... (Continue reading)
Panama Inflation more doubles up
Written on 11 Feb, 2009 at 20:43 in Financial News | viewed times and users have made 0 comments so far
The inflation rate for Panama measured in at 8,7 percent for the 2008 year, which is more than double the 4,2 percent recorded for the 2007 year. Although the inflation rates reached 10 percent in September, the drop in oil... (Continue reading)
Final figures for tourist visitors released
Written on 26 Jan, 2009 at 13:18 in News in Panama | viewed times and users have made 0 comments so far
As expected the 2008 heralded a new record for tourist visits to Panama. The amount, confirmed by the Panama Tourism Authority, was pegged at just short of 1,6 million people during 2008. Jaime Campuzano, president of the Chamber of Tourism,... (Continue reading)
Panama Tourism – The Figures
Written on 28 Nov, 2008 at 22:17 in News in Panama | viewed times and users have made 0 comments so far
A 19,3% increase in revenue generated from the tourism industry, via what tourists actually spent, was realized in the period January to August of 2008, compared to the same period of 2007. The amount which was spent by tourists was... (Continue reading)
Panama to expand diplomatic relations
Written on 27 Nov, 2008 at 23:14 in Politics & Government | viewed times and users have made 0 comments so far
Panama is seeking to expand its diplomatic relation base with several countries in Africa and the Middle East. The foreign ministry has reported that a formal request to establish diplomatic ties with Yemen has been received. This bodes well for... (Continue reading)
Brand Panama – launched by Trade and Industry
Written on 27 Nov, 2008 at 22:26 in Politics & Government | viewed times and users have made 0 comments so far
The proud nation of Panama had their own ‘brand’ launched by the Ministry of Trade and Industry. This brand image will project the true diversity and world class capabilities of the country. Carmen Gisela Vergara, who heads up the Trade... (Continue reading)
Three new Exhibitions come to Panama
Written on 27 Nov, 2008 at 22:19 in News in Panama | viewed times and users have made 0 comments so far
The Convention and Visitors Bureau of Panama have signed an agreement with US firm Gateways to Panama, to bring three new exhibitions to the Atlapa Convention Centre. These exhibitions include Latin Exotica, EGO and Smart. These events have been conducted... (Continue reading)
Mexican Trade Delegation Arrives in Panama
Written on 18 Nov, 2008 at 22:24 in Politics & Government | viewed times and users have made 0 comments so far
A trade delegation from the state of Jalisco in Mexico is in Panama until the 17th of this month. This delegation was organized by Ministry of Economic Promotion Of Jalisco and endorsed and supported by the Panamanian Ministry of Commerce,... (Continue reading)
Panama’s Red Light Tendencies
Written on 13 Nov, 2008 at 20:53 in News in Panama | viewed times and users have made 3 comments so far
If you’ve been to this country, then you obviously know that in Panama City, sex sells. The city is brimming with a plethora of massage parlors, strip clubs, brothels as well as casinos. Literally thousands of women of varying nationalities... (Continue reading)
Will Florida attract the boomers
Written on 28 Oct, 2008 at 20:47 in World News | viewed times and users have made 0 comments so far
We are talking about hundreds of billions of dollars, which drive the “mailbox economy” of the nation and the world around. Owing these mail checks solely to the increasing numbers of boomers turning old, there is a situation to consider... (Continue reading)
Trump Casinos
Written on 22 Oct, 2008 at 18:34 in Casinos, News in Panama | viewed times and users have made 0 comments so far
Trump Eyes Panama Trump name has always been synonymous with luxury and power. Trump hotels can be seen everywhere in the United States with casinos and all the modern amenities. So, what is so important with this new one that... (Continue reading)
Major Hilton Expansion over the Caribbean
Written on 21 Oct, 2008 at 21:33 in News in Panama | viewed times and users have made 0 comments so far
Hilton Hotels Corporation announces today their expansion campaign to quadruple its existence in Latin America and Caribbean by adding many hotels to their portfolio scheduled to start over the next 5 years. The company reveals a development structure of dedicated staff,... (Continue reading)
The Azuero Peninsula
Written on 20 Oct, 2008 at 14:50 in News in Panama | viewed times and users have made 0 comments so far
Located in the south of Panama, the Azuero Peninsula has the Pacific Ocean to the south and west and the Gulf of Panama east. The peninsula speaks of the traditional folklore of Panama, mostly of Spanish descent but diversified by... (Continue reading)
Statistical Data on Environmental Agency
Written on 18 Oct, 2008 at 17:46 in News in Panama | viewed times and users have made 0 comments so far
In 2008, ANAM (Autoridad Nacional del Ambiente Anam) has received a total of 814 applications for their environmental impact studies or EIA. According to statistics provided by the agency, they have approved 598 of them. So far, the most number... (Continue reading)
Protecting Panama from Yellow Fever
Written on 17 Oct, 2008 at 21:43 in News in Panama | viewed times and users have made 0 comments so far
Panama will now require Yellow Fever vaccinations for people entering the country. Everyone is required except for the very young visitors and for people who is contraindicated with the shot due to medical reasons. To be excused, one must present... (Continue reading)
Ports in Panama expect a boom in 2008
Written on 13 Oct, 2008 at 13:05 in News in Panama | viewed times and users have made 0 comments so far
The Panama Canal is one of the world’s major shipping channels, which connects the Atlantic with and Pacific Oceans. Over the last decades, the canal made a huge impact on shipping between the Atlantic and Pacific. For instance, the distance... (Continue reading)
Panama Government plans to process visas over the Internet
Written on 7 Oct, 2008 at 15:53 in Politics & Government | viewed times and users have made 2 comments so far
The Panama government announced plans to ease up the visa processing steps. The government realized that the foreigners interested in getting Panama’s visa spend quite a long time at the Dirección de Migracións. As the government is determined to increase... (Continue reading)
Credit Crunch in Miami
Written on 6 Oct, 2008 at 17:27 in World News | viewed times and users have made 0 comments so far
To an ordinary onlooker, there is initially very little in sight regarding flourishing Miami that will indicate the turmoil in the financial markets which is taking negative tolls at the moment. One can sight cranes in the background working away... (Continue reading)
Project Bahía de Panama
Written on 5 Oct, 2008 at 16:07 in News in Panama | viewed times and users have made 0 comments so far
The sanitation project to clean Bahía de Panama is 21% complete. This is probably the most needed project in Panama. Most of the city’s sewage is dumped into the water in the area which makes a stench that is repugnant... (Continue reading)
Costa Rica’s northwestern Guanacaste province
Written on 3 Oct, 2008 at 15:32 in World News | viewed times and users have made 0 comments so far
Despite sputtering regional economy, Costa Rica’s northwestern Guanacaste province is still attracting a large amount of tourists. According to recent statistics, Guanacaste observed a record number of tourists in 2007. Guanacaste Chamber of Tourism carried out a marketing survey and... (Continue reading)
Marriott to Expand in Panama
Written on 2 Oct, 2008 at 16:24 in News in Panama | viewed times and users have made 0 comments so far
Marriott International in Panama will reintroduce its stylish and upscale Renaissance hotel brand come 2011 under a new management agreement with the Hotel Properties of Panama. In addition, Marriott is planning an expansion to the existing properties and add two... (Continue reading)
Panama after the US military has left
Written on 30 Sep, 2008 at 19:17 in News in Panama | viewed times and users have made 0 comments so far
The Panama’s efforts to recover territories occupied by the United States military took many sacrifices and also a huge time. In the end, the properties were slowly guided over to Panamanian control after the Torrijos-Carter Treaty was signed. After the... (Continue reading)
Booming tourism in Costa Rica
Written on 25 Sep, 2008 at 13:16 in World News | viewed times and users have made 0 comments so far
While U.S. economy is passing through a hard time and its citizens are cutting budget on distant travel and tourism, the influx of ever-increasing number of tourists is ushering renewed aspirations in the Tourism Industry of Costa Rica. This eventually... (Continue reading)
Price hike of food basket takes its toll on common Panamanians
Written on 25 Sep, 2008 at 13:14 in News in Panama | viewed times and users have made 0 comments so far
The “silent Tsunami” as the U.N. denoted the soaring food price all around the world has now hit Panama. While it doesn’t affect the increasing number of foreigners much, significant increase of staple food like rice and beans and other... (Continue reading)
Miami hit by credit crunch
Written on 25 Sep, 2008 at 13:13 in World News | viewed times and users have made 0 comments so far
The general financial downturn in the U.S. made a serious impact in the Miami real estate business. This may not seem to be fact since you will find newer condominiums and luxury villas are still in their construction phase all... (Continue reading)
Tax information
Written on 25 Sep, 2008 at 13:04 in News in Panama | viewed times and users have made 0 comments so far
Since the enactment of Cabinet Decree No. 109 (1970), successive legislation has been passed offering tax benefits to developers. It has been widely accepted that, as a result of these incentives purchasers of real property have also benefited. TRUST LAW... (Continue reading)