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Archive for April, 2008

Richard Detrich’s blog provides an interesting look at the American expatriate life in Panama, specifically living in Boquete. After scouring the internet for interesting blogs on Panama, Mr. Detrich’s blog is a refreshingly honest look at life in Panama, amid a veritable wasteland of commercial and spam filled sites. According to his site, Mr. Detrich [...]

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Panamanian President Martin Torrijos has stated that the major expansion to the Panama Canal is currently on schedule. The President said yesterday that the Canal Authority is still looking at options for financing nearly $2.5 billion of the project, but that the contract to build the new lock system will be announced by the end [...]

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An article in Forbes today stated that the economic losses in the United States are proving to be a major gain for Panama.  Many investors that lost out in the real estate bust in Florida are now looking to Panama as a viable investment alternative.  The article cites several reasons that Panama has become especially [...]

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Frank Gehry, the world famous architect best known for the innovative Guggenhiem Museum in Spain, has designed a new biodiversity museum in Panama City. The “The Bridge of Life” Museum will house exhibits that showcase the diversity of life at the crossroads of two continents. Permanent exhibits currently being developed include an exhibit focusing on [...]

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Check out this time lapse clip of the Panama Canal, it’s definitely an interesting (and somewhat mesmerizing) perspective of the canal. It will be interesting to see how busy the canal becomes once the expansions have been completed.

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Money magazine listed Panama as a top travel destination for Americans as the dollar continues to fall. With exchange rates making travel to Europe extremely expensive for many Americans, Panama is becoming a much more appealing option to Americans interested in traveling abroad. With the balboa pegged to the dollar, Americans don’t have to worry [...]

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Sunset Point on the Isla Colon has been named one of the “most environmentally friendly developments in all of Panama” by Esther Mena de Chio, the Governor of Bocas del Toro Province. The Bocas del Toro region is famous for its ecological diversity, and as a result has become an eco-tourism hotspot. The area is [...]

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Panama is extending a real estate tax exoneration law that will exempt any foreign builders from paying property tax for up to 20 years on new projects, according to this blog. Builders have up to July 1, 2020 to obtain a building permit, and until December 31, 2020 to acquire an occupancy permit to qualify [...]

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The Latin Business Chronicle reports that the current hang-up on the trade negotiations between the United States and Colombia will further stall any free trade agreements between the US and Panama. A free trade agreement between the two countries was already unlikely to occur before September, when the president of Panama’s national assembly, Pedro Miguel [...]

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The government of Panama provides many incentives to foreign investors interested in investing in reforested timber plantations, including tax exemption and visas for these investors. Timber is one of the most important natural resources in Panama, and the region is one of the few in the world that can support high quality teak plantations. Teak [...]

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