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Archive for August, 2008

Panama’s government is reporting that economic activity has increased 6.96% this past June in comparison to the same period last year. Panama’s economy still appears to be staying strong, despite the sinking dollar and turmoil hitting the markets in the United States and Europe. It will be particularly interesting to see if the trend continues [...]

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I recently had the opportunity to interview Sylvain Duford, who is currently building a house in Altos del Maria, Panama, and is chronicling his adventure in his blog,Sylvain’s Panama Adventure. According to his blog, Mr. Duford is a former Canadian Airforce pilot, and is currently a software engineer. He began writing about his experiences building [...]

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The Casco Viejo neighborhood of Panama City (also called Casco Antiguo) is “one of the hippest barrios in Latin America,” according to a recent article in the Guardian. The article describes the growing popularity of Panama’s capital city as one of the fastest growing tourist destinations in Latin America. Once a stopping off point for [...]

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The International Finance Corporation (IFC) is considering offering a $500 million loan to help Panama finance the current canal expansion. The project, which includes adding a third set of locks to the canal, has a current estimated price tag of over $5 billion. The expansion will allow larger ships to pass through the aging American [...]

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Panama has amended several immigration regulations that impact real estate investors in Panama, according to the My Panama Lawyer Blog. Some of the laws changed include the length of stay allowed for tourists, regulations on foreign workers, changes in the minimum investments for forestry and other visas, and an increase in the required minimum income [...]

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Congratulations to Irving Saladino, who took first place in the men’s long jump on August 18th at this year’s Beijing Olympics, bringing home Panama’s first gold medal in Olympic history. The gold is the first medal awarded to a Panamanian athlete since Lloyd LaBeach took home two bronze medals in the 100 and 200 meter [...]

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Panama’s tourism industry brings in $1.5 billion in revenue per year, more than earned from the tolls at the Panama Canal, according to a recent article in the Seattle Times. Panama’s government, through the official tourism ministry - IPAT, have sought to increase the country’s visibility by promoting the recent “Panama – It Never Leaves [...]

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Located 45 minutes north of Panama City, the Nikki Beach resort is scheduled to open in March of 2008. The Nikki Beach Playa Blanca Resort and Spa complex will include a 140-unit condo-hotel in addition to two other elements, Nikki Beach Residences, which will feature 60 two and three bedroom ocean view apartments, and Nikki [...]

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For anyone interested in keeping up to date on local news and events, here is a selection of English language newspapers in Panama: The Panama News: an English language online news magazine with articles written by Eric Jackson. The magazine features a variety of stories on topics that relate to Panama’s economy, culture, lifestyle and [...]

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A recent Reuter’s article ranked the Garden of Eden Resort in Bocas del Toro the number two ‘clothing optional’ resort destination in the world. The top resort went to a scandalous sounding resort in Mexico called The Au Naturel Club (definitely not beating around the bush with that one). According to the article, the Panama [...]

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