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Newest Additions
 Fully Furnished Penthouse for Sale or Rent $295,000
 Spectacular Secluded Estate with view of the Ocean $1,700,000
 4.25 Acre farm for sale just 30 minutes from David $10,000
 El Mare 200 $0
 House in Chilibre $190,000
 Rental in La Ensenada, Farallon $0
 Oceanfront Miramar I $490,000
 Live in Punta Pacifica Panama $170,000
 Metropolitan 1 $0
 Approved Condo Hotel Project for Sale with private beach access $1,850,000
 Full luxury oceanfront condo at competitive price $450,000
 Single family home in Diablo $490,000
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Colon 2000 Home Port Inaugurated Last Month
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Colon 2000 is a new cruise ship terminal in Colon. It is a 10,000 square meter terminal that cost $15 million dollars to build. The port has capacity for over 2,500 passengers and 18,000 bags daily.
Royal Caribbean will use Colon 2000 as its home port, bringing throngs of tourists through the country in order to board the ships and begin their vacation. Analysts expect an increase in tourism in the country due to the exposure that Panama will receive. Other cruise lines that will use the port are Carnival Corporation, Celebrity, Cunard, Holland America, P & O, Princess, Radisson Seven Seas, Le Ponant and Regal Princess.
Royal Caribbean began offering cruises from Panama last year. Regional vice president Rama Rebbapragada said, “We are very excited to be the new home port today and are very excited to be back in Panama for a second season. Latin America has become a very important market for the company and being in Panama is part of our strategy to offer different cruise experiences to vacationers from all over the world.”
Florida has traditionally been the point of embarkation for Caribbean cruises. But due to recent visa restrictions in the United States, many Latin Americans were frustrated with the difficulty they faced when attempting to take a cruise with a large group of family or friends. Panama’s strategic positioning and more flexible visas are taking advantage of this growing market.
The 2,500 passengers who boarded the “Enchantment” for the inaugural cruise landed at Panama’s Tocumen International Airport. They were bussed to the Colon 2000 port where their week-long Caribbean cruise began. The trip will take them to Cartagena and Santa Marta in Colombia, Oranjestad in Aruba, Kralendijk in Bonaire and Willemstad in Curacao. On board, the tourists will enjoy Broadway-style shows and 24-hour room service.
Royal Caribbean executives estimate that the “Enchantment of the Seas” will set sail 20 more times from Colon in this season. Sales have already passed 60% of the ship’s total for the trips.
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Third Panama Canal Expansion Contract Awarded
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The Panama Canal Authority (ACP) has awarded Costa Rica's Constructora MECO the third of four dry excavation contracts to help create an access channel linking the new Pacific locks with the Canal's existing Gaillard Cut (the narrowest stretch of the Panama Canal).
Commenting on the contract award, the ACP's executive vice president of engineering and program management, Jorge L. Quijano, said, "This pivotal step in the process to build the new lane represents just one more example of the Expansion Program's steady progress. Constructora MECO is a leading construction company in Latin America with expertise in the execution of infrastructure projects such as this one.
The work will include excavation, removal and disposal of 8 million m3 of material, which will further reduce Paraíso (Paradise) Hill from 46 to 27.5 m above sea level. It also calls for the construction of about 2.5 km of access roads and the clearing of 190 ha of land containing munitions and explosives, remnants of US military training in Panama.
Expansion will build a new lane of traffic along the Panama Canal through the construction of a new set of locks which will double capacity and allow more traffic and longer, wider ships.
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Medical Tourism Takes Off
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By Ursula Kiener Ford - Pana-Health
“Medical tourism” is a buzzword of late in Panama, but what exactly does it mean? Sometimes called “medical travel”, it is the globalization of health care. There are many reasons why people will travel to another country to receive medical treatment: cheaper costs abroad, innovative technology, shorter waiting periods, or better quality than one’s country of residence. Medical tourism has been the subject featured on the covers of magazines such as Time, Newsweek, US News. The consulting firms McKinsey and DeLoitte have also released positive reports on the growing trend.
The cost of health insurance increased 91% in the United States between 2000 and 2007 (compared to a 24% increase in wages). Many people do not have health insurance and most Americans cannot afford medical procedures. And even when one does have insurance, not all procedures are approved for coverage, especially those which are considered “elective procedures” like plastic surgery or dental work.
Add on the widespread recession and increasing deductibles and the result is the need to save money more than ever. But people cannot afford to cut back on health care, so the globalization of this industry is the perfect solution.
Medical tourism is becoming more and more common, so much so that even insurance companies such as Companion Global Healthcare, Blue Cross Blue Shield, Aetna, and WellPoint are releasing plans allowing clients to travel overseas for medical expenses.
Panama is the perfect place to go. Doctors in Panama are trained abroad, many in the United States. Expat Sandey Stayanoff from the United States who has 33 years of nursing experience told me: “I have been very impressed with the level of medical care I have seen here and received here. I moved here preparing to be highly skeptical of what medical care I would find here. I have been pleased and more than once.” Now, she and many other expats encourage their family members to be treated in Panama because of the reduced costs and high quality of treatment.
Hospitals in Panama have international affiliations. The most well known one is Hospital Punta Pacifica’s partnering with John Hopkins Medicine International. But other hospitals have affiliations to Baptist Health, The Cleveland Clinic, Tulane Health, Miami Children’s Hospital, among others.
Panama provides people with less culture shock than other destinations because it has direct flights to most major cities in the USA and uses the dollar. The country has very modern infrastructure and 14% of the country speaks English. Being in the insurance industry, I noticed that most insurance plans do not cover preventative medicine and that most people do not actually do routine checkups, which results in complications later in life. Preventative medicine, including routine checkups, lab work, EKGs, is something which a tourist can take of advantage while they are in the country.
People considering traveling for medical reasons should be aware that the main purpose of their visit is to get the procedure done, more than a vacation. Guidance in this process is essential; this is why medical tourism companies such as Panahealth Corp. exist.
For those coming for invasive surgery, we offer full concierge service, including pickups to and from the airport, a companion to doctor appointments, hotel and tour booking, a cell phone, and personalized attention from one of our medical coordinators in English, at no cost to you.
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