| Panama will have a population of 3 million 504 thousand 483 persons in the year 2010, with a hythm of growth of 2 percent per year, in accordance with estimations that the Controller´s office of the Republic did. The census is the inventory of all present inhabitants in the territory, including jurisdictional waters. October 2009 The period of charters will bring to Panama an estimate of 25 thousand Canadians looking for beaches, breeze & sea in Panama. The tourists will come in the airlines Transat & Sun Wing. The period will have his climax in December and will last until April. Juan Alberto Pan, representative of Transat, calculates that the period of charters will bring to Panama approx. 65 flights of Transat & 50 of Sung Wing. The Panamanian hotels that will receive the tourists are Decameron, Playa Blanca, Playa Bonita, Decapolis, Brezees & Gamboa. December 2009 The Panamanian Tourism Authority (ATP), realized a donation of 20 thousand dollars for the restoration of the Biggest Square of the Monumental Set of Panama, better acquaintance as Old Panama. This effort contemplates the recreation of a housing of the XVIIth century and an infantile interactive museum. The president of the Patronage of The Old Panama, Ernesto Boyd, repeated the commitment of the organization with the conservation and development of Old Panama in order to transform it into an archaeological, historical and cultural park and, emphasized that the principal projects that have been carried out in thirteen years of work are continued by the Patronage. The project thinks about how to contribute with the interpretation of the space of the square, recovering the apples that were defining it and part of the volume that was framing it and it will be done in three stages - the colonial house, the interactive museum and the small squares. January 2010 The Cinta Costera has turned into the letter of credence of Panama City on having changed the physiognomy of the bay of Panama projecting it as one of the most visited places of the Panamanian capital. It was constructed to a cost of 189.1 million dollars & to almost one year of having been finished, it has promoted the area that goes from the sector of Punta Paitilla up to Calidonia, as for the tourism. At present the Avenida Balboa sector - adjacent to the Cinta Costera - is in full heyday, with the construction of big buildings, in addition to places of hotels, restaurants & commercial places. The Avenida Balboa - after finished the Cinta Costera project in April 2009, has turned into one of the most spectacular avenues of the whole continent, since in addition to improving in a great extent the traffic flow;has a big quantity of green areas. April 2010 A batch of the famous made special coffee Geisha, of the farm "Hacidenda La Esmeralda" of Panama, established a new world record when being sold on an internet auction at 170.2 dollars a pound (460 grams), reported the winning company. "It was a record strong enough, we are very happy", said Rachel Peterson, the producer of "La Esmeralda", upon concluding the electronic auction of the Best of Panama 2010, with the participation of 20 Panamanian farms. The price average by pound was of 12.45 dollars, with the maximum price of 170.2 dollars for the "Esmeralda Especial" a batch, from Geisha variety, composed for 400 pounds (180 kilograms). May 2010 Panama won Latin Business Chronicle´s coveted #1 spot on its Latin Business Index as the best Latin American country to do business. Last year, Panama came in at #2, with Chile ahead by a small margin. This year, due to improvements in categories like economic freedom & technology, Panama beat out Chile for the number one spot. The Latin Business Chronicle analyzes 19 countries in the regions and is considered the broadest measure of the business climate in Latin America. Panama also ranked hight in the globalization and competitiveness category, snatching the #1 spot from last year´s winner, neighboring Costa Rica. May 2010 The National Assembly approved a measure to offer insurance to all tourists who enter Panama through Tocumen International Airport. The new law will provide tourists with up to $20,000 of coverage during the first 30 days of stay in the country. Panama is one of few countries in region that provides this free service to visitors. The insurance covers up to $20,000 in case of accidental death. It also covers medical expenses incurred resulting from an accident in Panama, illness contracted in Panama, medical transport, emergency dental work, pharmacy costs & legal assistance in the case of lost or stolen documents. Panama Tourism Authority (ATP) director Salomón Shamah informed that the insurance will cost $2 per tourist & will be included in a tourist´s travel package. May 2010 The Ministry of Economy & Finance released images of the government building that is planned to go up on the lot of the former U.S. Embassy on Balboa Avenue. The impressive futuristic building will be a total of 69 stories, with a tourist-friendly lookout at it egg-shaped transparent top. It will house all government institutions. For now it is being called the "government tower" or "financial tower". It will be the tallest building in Latin America & is scheduled to be finished in 2013, a year that coincides with the celebration of 500 years since the discovery of the "Southern Sea" (Pacific Ocean) by Vasco Nuñez de Balboa. The building will have the capacity to light up at night like a celestial sphere that will be seen from far away. It will be the most iconic building of the country, if not the region. The tower will cost $250 million, but the state says that housing all institutions there will save $40 million annually once it is built. The building will house the headquarters of the Banco Nacional of Panama, the Superintendency of Banks, the Superintendency of Insurance, the National Securities Comission, the Panama Tourism Authority, the Energy Secretary & the Authority of Public Services, among others. May 2010 Now Panama will have direct flights from Germany. Recently CONDOR airline announced a direct flight between Frankfurt and Panama City, starting on November 2010. This route will be serviced by Boeing 767 airships, which are able to transport approximately 279 passengers. The flight route will be, departing from Frankfurt Germany every Thursday night, and arriving in Panama every Friday morning. Likewise beginning on October 1, 2010, Iberia Airlines will offer direct flights, joining the cities of Panama and Madrid, scheduling 4 flights every Wed., Fri., Sat., and Sunday. These flights will be made by Airbus 340 airships which are able to transport approximately 260 passengers. This flight departs from Madrid at 1:45 pm., and lands in Panama at 5:15 pm. The departure from Panama will be 9:15pm arriving in Madrid at 2:05pm. June 2010 Recently a well know Canadian media published an article mentioning the countries where Quebec residents preferred, or would like to visit during their vacations. Panama is in that list as a favorite destination, together with Cancun, Disney World, Argentina, Cuba, and Hawaii among others. Another characteristic that Panama and some others on the list offer those polled are their unique scenery and unmatched and rich culture. Furthermore, Panama is still viewed as a country with a stable economy where investments are secure. Now it is Standard and Poor´s turn to speak about Panama´s grade of investment versus its debt, based on the growth of its economy. This opinion is based on the fact that the international financial community sees with a good eye the fiscal reforms set forth by Panama´s government, the diversification of the economy and its growth, and the driving force provided by the expansion of the Panama Canal. June 2010 Copa Airlines and Boeing announced on November 30 an order for up to 22 next-generation 737-800s, and the option to buy 10 more, at a signing ceremony at the U.S. Department of Commerce in Washington, D.C. Valued at approx. $2.6 billion at Boeing list prices, the order is the largest new aircraft order in Copa Airlines´industry. It represents one of the largest commercial transactions ever between private sector companies in the United States and the Republic of Panama. November 2010 The third stage of the Cinta Costera, or Coastal Beltawy as it is called in English, along Panama´s waterfront is due to begin. Stage two led right into Casco Antiguo, a UNESCO World Heritage site. Phase three, hence, will be more costly. It will be completed by tunneling under San Felipe, the original and connect political name of the old neighborhood. The tunnel will begin in the ¨"Barrio Chino", or Chinatown, adjacent to the Fish Market. It will come above ground, again in Barazza, part of the El Chorillo neighborhood. December 2010 Starting January 15, all visitors arriving at Tocumen International airport in Panama will be covered by a state-appointed free health insurance policy for 30 days. This new measure is expected to increase Panama´s competitiveness as a destination, according to ATP Administrator Salomon Shamah. The contract with Generali is for 3 years and has a total cost of $12 million. The benefits will cover accidental diseases (not pre-existing) withing 30 days of a visitor´s stay in Panama, hospitalization and medical expenses arising as r result of injuries from an accident, medical transportation (including rental or air ambulance, if required), hotel expenses (max. of 10 days=, non-hospital pharmaceutical costs resulting from accident or illness, accidental death and the repatriation of the body to the country of origin, legal and administrative assistance after an accident, including in case of loss of documents, dental costs and other services such as translation to English, Portuguese and French. The policy covers medical expenditures up to $7,000, and if the visitor needs to be transferred to another medical center, overseas transportation up to $40,000 will be provided. The insurance also contains $20,000 in coverage if a visitor dies while in Panama. January 2011 Copa grows to Toronto and beyond Copa Airlines is expanding by 20% this year. Three new destinations for 2011 were announced last week. Toronto, Porto Alegre in Brazil and Nassau, Bahamas. According to sources close to Copa, the Panama-based airline´s expansion will create 1,500 new jobs - including some 200 jobs. Bárcenas added that since Panama now has completed formalities to fly in and our of Canada, new destinations like Montreal look like promision prospects in the future. February 2011 2010 Stargazing in Coclé The very first astronomic observatory in Panama is opening this weekend in Coclé. It is located near the Coclé branch campus of the Universidad Tecnológica de Panamá in Penonomé, in a dry area called Llano Marín. It is the perfect place to gaze at the stars, says Professor Hector Acollado, as there is very little rain and lots of clarity at this central point in the country. Students are celebrating this landmark event with a camping weekend at the observatory called “Noches de Luna, Tardes de Sol” through Sunday, May 1. The event, which features workshops, bonfires, walks and competitions is open to all. Tents are for rent at the site but staying overnight is not a requirement to stop by. There will be 12 telescopes available for visitors in addition to a chance to look through the telescope that has just arrived in the country. April 2011 |
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Panama Signature Realty
Ph. (507)6675-0250
(507)6980-3288
(507)265-7020 or message Copyright 2008 Panama Signature Realty
skype Panama Signature Realty All rights reserved
alt. laurosalind@yahoo.com
panama.signature4u@hotmail.com
P.O. Box 0833-00069, Panama City, Panama
Ph. (507)6675-0250
(507)6980-3288
(507)265-7020 or message Copyright 2008 Panama Signature Realty
skype Panama Signature Realty All rights reserved
alt. laurosalind@yahoo.com
panama.signature4u@hotmail.com
P.O. Box 0833-00069, Panama City, Panama
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LATIN AMERICA'S FDI-GDP RANKING
2010 figures in millions of US dollars. © Copyright Latin Business Chronicle
Rk Ch. Country FDI GDP %
1 +1 Panama $2,363 $26,778 8.82%
2 +1 Nicaragua $508 $6,551 7.75%
3 -2 Chile $15,095 $203,323 7.42%
4 +4 Honduras $798 $15,347 5.20%
5 +1 Peru $7,328 $152,830 4.79%
6 +1 Uruguay $1,627 $40,272 4.04%
7 -2 Costa Rica $1,412 $35,780 3.95%
8 +2 Bolivia $651 $19,373 3.36%
9 -5 Dom. Rep. $1,626 $51,626 3.15%
10 -1 Colombia $6,760 $285,511 2.37%
11 +2 Brazil $48,462 $2,090,314 2.32%
12 same Mexico $17,726 $1,039,121 1.71%
13 +2 Argentina $6,193 $370,269 1.67%
14 same Guatemala $678 $41,471 1.64%
15 +1 Paraguay $268 $18,475 1.45%
16 -5 El Salvador $89 $21,700 0.41%
17 same Ecuador $164 $58,910 0.28%
18 same Venezuela -$1,404 $290,678 -0.48%
LatAm/Caribb. $112,634 $4,832,272 2.33%
May 2011
2010 figures in millions of US dollars. © Copyright Latin Business Chronicle
Rk Ch. Country FDI GDP %
1 +1 Panama $2,363 $26,778 8.82%
2 +1 Nicaragua $508 $6,551 7.75%
3 -2 Chile $15,095 $203,323 7.42%
4 +4 Honduras $798 $15,347 5.20%
5 +1 Peru $7,328 $152,830 4.79%
6 +1 Uruguay $1,627 $40,272 4.04%
7 -2 Costa Rica $1,412 $35,780 3.95%
8 +2 Bolivia $651 $19,373 3.36%
9 -5 Dom. Rep. $1,626 $51,626 3.15%
10 -1 Colombia $6,760 $285,511 2.37%
11 +2 Brazil $48,462 $2,090,314 2.32%
12 same Mexico $17,726 $1,039,121 1.71%
13 +2 Argentina $6,193 $370,269 1.67%
14 same Guatemala $678 $41,471 1.64%
15 +1 Paraguay $268 $18,475 1.45%
16 -5 El Salvador $89 $21,700 0.41%
17 same Ecuador $164 $58,910 0.28%
18 same Venezuela -$1,404 $290,678 -0.48%
LatAm/Caribb. $112,634 $4,832,272 2.33%
May 2011