Panama Real Estate: The Prices Are Still Unbeatable

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Panama Real Estate: The Prices Are Still Unbeatable

March 12th, 2011 | Panama - Best Shopping, Panama - Investment, Panama - News, Uncategorized | No Comments »

In spite of a recent decline in the real estate market in the states, when compared with real estate prices in Panama for comparable homes are similar or far lower. I often browse and search through real estate listing in Panama just to see what is out there and what is being asked. Property in areas like Pedasi or Boquette interests me in particular because it always seems to be crazily lower than prices in Panama City. After visiting the Azuero Peninsula on several occasions I’ve set my sights on a small house near Pedasi. As I’ve slowly began browsing real estate in the Pedasi area I’ve came across many clean yet modest 2-3 bedroom, 2,000 ish sq. ft. Read more

Latin Technology: Panama now in second place

August 10th, 2010 | Panama - Business, Panama - News | No Comments »

Today’s blog post comes from Sam Taliaferro at the Panama Investor Blog:

According to Latin Business Chronicles, Panama has passed Chile in technology implementation. Chile has always been touted as rather advanced in many areas such as health care and the privatization of social security etc., so it came as a surprise to me that Panama has eclipsed Chile in Technology, yet according to this LBC report, Panama is in second place in Latin America behind Uruguay. Of course it may be easier to do so in a small geographic area with a population of only 3.3 million.Panama and Uruguay replace Chile in technology and Internet penetration.

BY CHRONICLE STAFF

Thanks to strong Read more

Latin Investors 2010 report on Panama

July 27th, 2010 | Panama - Business, Panama - News | No Comments »

Today’s blog post comes from Sam Taliaferro at the Panama Investor Blog:

I found this report to have some interesting and valuable information and it is free so take a look. The following press release is from their website.

Following up with last years release of the Offshore Banking report, www.alternativelatininvestor.com/offshore-banking.html, which, in the midst of the global banking crisis, gravitated towards Panama, Alternative Latin Investor has released an in-depth report of the of the country.

Through extensive interviews, site visits and research the report deals with the main sectors relevant to foreign investors, Real Estate, Commodities, Banking and General Business practices as well as an exclusive interview with Former Panamanian president Nicolás Ardito. With Panama Read more

Venezuelan investment gains ground in Panama

July 19th, 2010 | Friends of the Gringo, Panama - Business, Panama - Culture, Panama - Investment, Panama - News | 2 Comments »

Today’s blog post comes from Sam Taliaferro at the Panama Investor Blog:

According to the Venezuelan news site El Universal, investment in Panama by Venezuelan businessmen represent about 12% of the total new investment into Panama. We thank the leadership of Venezuela for driving these significant investment dollars into Panama. It is most unfortunate for the citizens of Venezuela that their countrymen find it much safer to invest here rather than their own country.

Economy

The Panamanian market has become one of the favorite destinations for Venezuelan investment. Nowadays, 12 percent of new businesses are the result of Venezuelan investments, as reported by Leandro Ciciliani, the CEO of International Property Networks (IPN).

In the context of Read more

New Taxes on Importing Cars to Panama

March 29th, 2010 | Panama - Business, Panama - News, Panama - Relocation | 4 Comments »

As of March 15th, 2010 the new “Tax Reform Law” has been put into place in Panama and as a result the amount due for importing a car to Panama has changed. In the past retirees were able to bring cars into Panama tax free, but now they will be required to pay regular importation taxes on any vehicles brought into Panama. For retirees hoping to be able to bring over there car without any taxes, those days have ended as of March 15th.

The new car import taxes are as follows:

All passenger cars (Sedans, SUVs, etc) regardless of class must pay:

15% tax if they are valued under $8,000
18% tax if they are valued between $8,000 and

Flights Open To Pedasi, The Jewel of Panama's Azuero Peninsula

January 30th, 2010 | Panama - News, Panama - Travel Tips | 2 Comments »

The Pedasi business community, in conjunction with the Panama
chamber of Commerce and the ATP, has worked together to open
an exciting new flight route in Panama.

The drive to Pedasi can take up to 5 hours. Now, with this 12 passenger
flight, tourists, investors and area business people will be able to get
to Pedasi in under and hour!

WHEN?
First flight to launch on February 5th, 2010!
FLIGHT SCHEDULE
Flights departing Friday & Monday

12:31pm — Departs Albrook
1:26pm — Arrives Pedasi

1:41pm — Departs Pedasi
2:36pm — Arrives Albrook

COST:
Approx $155.50 round trip, depending on gas tax

See more at http://www.aeroperlas.com

Gas Prices are on the Rise in Panama

January 14th, 2010 | Panama - Business, Panama - News, Panama - Travel Tips | No Comments »

Thinking about renting a car while you’re in Panama? You may want to think again – gas prices are on the rise again.

Saturday, January 16th prices will go about about 17 cents per gallson. Telemetro reported that in Panama City a gallon of 91 octane will go up to $3.02 and 95 octane will go up to $3.19 per gallon. Diesal will rise to $2.76 per gallon and a gallon of light diesel will cost $2.82.

These prices will remain the same until Friday, January 29, 2010.

If you are planning on spending most of your time in Panama City you might want to consider taking taxis, which within city limits are quite reasonably priced. If you are traveling Read more

Panama Reaps Billions from the Canal

December 31st, 2009 | Panama - News | No Comments »

Star-Telegram.com reports:

The country has made $4.75 billion from the Panama Canal since taking it over a decade ago, more than twice what it received in the 85 years the U.S. ran the waterway, the operating authority said Wednesday. Today marks the 10th anniversary of the handover of the canal by the U.S., which opened the waterway linking the Atlantic and Pacific in 1914.

November in Panama = Rain, Rain, Rain

November 12th, 2009 | Panama - News, Panama - Travel Tips | No Comments »

November is the height of the rainy season and 2009 is proof positive of that fact. It has rained very hard every day for at least two hours every single day for the past several weeks.

The key tip for Gringos is to watch the sky – cabs get nearly impossible to find once the rain starts.

US seaports brace for expanded Panama Canal

November 7th, 2009 | Panama - News | No Comments »

Considered to be one of the most important…and game changing…public works projects of the century, completion of a third set of Panama Canal ship locks in 2014 will provide many of the world’s largest vessels a crucial “intercontinental shortcut” to lucrative markets. To examine the potential impacts of this project and other major trade pattern developments-and the ripple effects on everything from dredging, port competition, vessel transloading and short-sea shipping-the American Association of Port Authorities (AAPA), U.S. Maritime Administration and Tampa Port Authority are partnering for the third consecutive year to offer their Shifting International Trade Routes conference in Tampa, Fla., Jan. 26-27, 2010.

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