Panama Real Estate Blog

Nata, Panama – The Hidden Historical Gem
Nata is located in the Cocle Province of Panama, and is situated on the InterAmerican Highway between two of the largest towns of the Cocle Province, namely that of Penonomé and Aguadulce, also located on the highway. Nata is actually one of the oldest towns in Panama, having being [...]

Panama Canal Transits Down in Second Quarter
Both the transits of vessels and tonnage through the Canal have decreased during the second quarter of 2009. The months of April, May and June recorded a decrease in vessel transits of 6,4 percent or 3,576 vessels, 245 vessels less than that of the same period in 2008. In [...]

Panama’s Electricity Tariff To Drop
The government of Panama recently announced the drop in electricity tariffs by 10 percent. The initiative is aimed at both the commercial and production sectors to stimulate economic activity, manufacturing and production. The electricity tariffs are reviewed and revised on a bi annual basis, with negotiations between Panama’s new President, Ricardo [...]

The H1N1 Virus Report for Panama
Panama has recorded no less than 553 positive cases of the H1NI virus, via the Panamanian Health authorities who state that more than half of the confirmed cases have been found in children below the age of 15 years old. The majority of all positive cases, in excess of two [...]

World Trade Organization sides with Latin America
The WTO sided with countries exporting bananas to Europe, stating that the customs procedure imposed upon the fruit was illegal. This was following an objection to the tariff rate imposed, currently set at 176 Euros per ton. The WTO says this sort of practice goes against and violates the [...]

San Francisco
Not only conveniently located and very close to the banking district of Panama City, but completed with an up market and exclusive look and feel, this area is very well known amongst the who’s who and elite in Panama, including several dignitaries and prominent business people, that inhabit this exclusive neighborhood. The area has [...]

Panama Trade Deal Panel date set by US Senate 
The continued concerns over Panama’s banking, tax and labor laws are set to be heard by the US Senate next week. The agreement has been pending acceptance since 2007, and is seen as a vital step in making way for more controversial agreements with Colombia and [...]

National Council for Tourism receives appointment of private sector representatives
According to the Tourism Act, the National Council for Tourism in Panama was to be created with effect 1st September 2008, which will incorporate both governmental and private sector representatives for the best interest of the Tourism Industry in Panama. President Torrijos appointed the private sector [...]

Will Martinelli Encourage Leading by Example
The recent inauguration of Panama’s new president, under the auspices of the voting public looking for change, has given rise to minor debates as to whether Martinelli, being a business leader, will encourage the public servants to lead by example. Much of the public has stressed their grievances over the [...]

Panama’s Banking System Changes
The recent pressure placed upon Panama, with regards to its banking system has resulted in a number of changes being discussed for implementation. The Organization for Economic Cooperation and Development (OECD) has requested Panama to make their banking system more transparent, due to raised concerns of multinational companies, as well as individuals, [...]