Panama's economy grew 2.59 percent in February
Panama's economy slowed in February to grow at a 2.59 percent rate from the same month a year earlier as the global economic crisis bit, but by no means has stopped. The number of tourists entering the country has grown 3.3% in 2009 co...
Tourism Authority selects the ten wonders of Panama
The Panama Tourism Authority announced the winners of its contest “The ten wonders of Panama”, which aimed to select the best tourist site in each one the nine provinces. The voting was done using the interactive web site o...
New Mall Under Construction in Coronado
The growth of Coronado and the surrounding Pacific beach communities is reaching new heights. A new strip mall is under construction at the turnoff to Playa Coronado from the Inter American Highway. Coronado Mall will be completed in 2...
Ivanka Trump: Panama Hottest Market
Ivanka Trump, executive vice president of development and acquisitions at the Trump Organization has lots to say about Panama’s real estate market and the 70-story Trump Ocean Club building in Punta Pacifica.“I have project...
Tourism Up 11.7% in Panama Despite Ecomonic Crisis
In spite of the global financial crisis, tourism grew in Panama 11.7% in January, said tourism Minister Ruben Blades today. He said both the number of visitors and the money spent in the country by tourists increased.According to the d...
Report on Panama as 2008 Draws to a Close
A note to some readers: I will frequently use the word "billion" below. I am well aware that it is used differently or not at all in some countries and languages (Spanish, for example). When I use it, I am referring to 1,000,...
Property Tax Exonerations Extended
The Consejo de Gabinete has approved an extension of the 20-year property tax exemption for apartments and houses, according to minister of Housing Balbina Herrera. The measure applies to projects whose building permits are issued befo...
1,261 Millions Invested in Projects
According to the preliminary numbers of the Contraloría General, an increment of 25.4% was registered of the value of projects for residential constructions and redesigning and non residential in 2007. Last year there were many ...
South of the Border, the Market's Still Hot
The housing slump has sent many Americans shopping south of the border.Existing-home prices in the U.S. dropped 4.5 percent in the third quarter from a year ago, according to S&P/Case-Shiller. But they are still climbing in much of...
Panama Biggest Airport Ready to Be Expanded
The Tocumen airport of the Panamanian capital is ready to undertake construction work that will enable to increase its current operation capacity by 38 percent, revealed sources of this sector on Sunday. The biggest Panamanian air term...
