For many US expatriates, one of the most appealing aspects of transitioning to life in Panama is the fact that Panama does not print their own currency (Panama does mint their own coins, yet they maintain the same dimensions and composition as the United States equivalents), having been on the United States dollar since the [...]
Archive for June, 2024
Weak US Dollar Puts Strain On Panama Economy
Posted in panama economy, Panama Real Estate, tagged boquete, panama balboa, panama economy on June 26, 2024 | 1 Comment »
Hard Rock Hotel Panama Receives Government Approval To Begin Condo Sales
Posted in Panama Real Estate, playa blanca, tagged hard rock entertainment, hard rock hotel panama, panama, Panama Real Estate, playa blanca on June 26, 2024 | 1 Comment »
Hard Rock International recently received the necessary approval to begin condo sales for their new Hard Rock Hotel Panama located on the Pacific Ocean in Panama. According to a press release I received from a reader earlier this week, this major project will be located in Playa Blanca, and is to include 499 units, a [...]
Panama Economy Grows 9.48 Percent In April
Posted in panama economy, tagged central american economy, panama, panama economy, Panama Real Estate, real estate investment on June 25, 2024 | Leave a Comment »
Panama showed a 9.48 percent increase in economic growth this April over the same period last April. This is up from a low 2.2 percent growth rate in March, which marked a five year low for Panama. The growth in the economy was largely due to the strong construction, mining, and hospitality industries, according to [...]
Continued Growth Expected In Panama Container Shipping Industry
Posted in panama canal, Panama Real Estate, tagged panama, panama canal, panama economy, panama real estate investment on June 23, 2024 | 1 Comment »
Despite an economic downturn in the United States, maritime authorities in Panama are projecting a ten percent increase in the number of shipping containers transported through Panama ports in the next year, as reported last week by Reuters. It is predicted that 5.6 million 20-foot shipping containers will be handled at Panama ports in 2024, [...]
More On The Panama City Condo Boom: A City With Growing Pains?
Posted in Panama City, Panama Real Estate, tagged panama, Panama City, panama city condo boom, panama city real estate, Panama Real Estate on June 17, 2024 | 1 Comment »
News about the real estate boom in Panama City seems to be in never ending supply (making this my third Panama City update this month, read here and here). This week the honors came from the LA Times, in an article they ran entitled “Panama City: A Boomtown With Growing Pains.” The title alone seems [...]
Rare Panama Coffee Varietal Fetches $15… A Cup
Posted in boquete, tagged boquete, boquete coffee, geisha varietal, panama, panama coffee on June 16, 2024 | Leave a Comment »
A recent article stated that a coffee varietal known as Panama Esmeralda Especial Reserva is currently fetching $15 a cup at some United States coffee shops. The coffee, which is available at several locations near Portland, Oregon, is an extremely rare bean called a geisha varietal, and is highly regarded by coffee connoisseurs. According to [...]
American Cruise Line Pays Exorbitant Fee For Panama Canal Passage Amid Slowdown in Canal Traffic
Posted in panama canal, Panama Real Estate, tagged disney cruise line, panama canal, panama cruise, panama real estate investment on June 16, 2024 | 1 Comment »
Disney Cruise Lines paid the extremely high fee of $283,400 for one of its cruise ships to cross the Panama Canal in May. Cruise lines and tankers are willing to pay increasingly higher fees to avoid the transportation time and costs associated with transporting goods over land or around South America. Slots for non-reserved ships [...]
Report On The Panama City Condominium Market: Is The Bubble Bursting?
Posted in Panama City, panama economy, tagged Panama City, panama condo boom, real estate investment on June 10, 2024 | 1 Comment »
A recent post on the International Herald Tribune’s blog “Raising the Roof” mentioned a recent report put out by CB Richard Ellis on the condominium market in Panama City. The report, which can be found here, has some interesting statistics related to the current market in Panama City, including the fact that there are currently [...]
A Detailed Look At Panama’s Tax Regime For English Speaking Investors
Posted in Panama Real Estate, tagged panama, Panama Real Estate, panama taxes on June 5, 2024 | Leave a Comment »
The Panama Investor Blog had a useful document on taxation in Panama posted yesterday. The report, which is in .pdf format and published in English, is produced by the audit and tax advisory firm KPMG, and can be found here. The document provides an in depth look at Panama’s tax regime, and how it effects [...]
World Supply Of Bananas At Risk Due To “Panama Disease” Fungus
Posted in panama economy, tagged bananas, panama agriculture, panama disease, panama economy on June 3, 2024 | Leave a Comment »
According to an article in The Scientist and a recently published book, “Banana,” by Dan Koeppel (I haven’t read it yet, but I did enjoy his “To See Every Bird On Earth”), the worlds banana supply is currently at risk of being decimated by the fungus Fusarium oxysporum, commonly known as “Panama Disease.” The fungus [...]
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