News Feeds

Source: Pr.com
By: editor
2009-02-06 07:03:13
Views: 242

Panama's property market is proving to be one of the world's most resilient to the global downturn, with the massive canal expansion plan well under way and projects like Trump towers and other massive sky-scraping developments, being built and dominating the skyline. But one overseas property expert sees a massive...view more

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Source: The Panama Report
By: Editor
2009-02-04 07:14:08
Views: 653

Since the US Air Force abandoned Howard Air Force Base west of the canal's Pacific entrance in 1999, the US military and its civilian contractors have been back a few times to support National Guard maneuvers in Panama and possibly for other purposes. However, the old runways have not been...view more

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Source: Costa Rica News
By: Lilia Korsi
2009-01-30 07:08:35
Views: 612

Panama - The Monthly Index of Economic Activity (IMAE) of Panama grew 8.27 percent from January to November of 2008, informed official sources. According to comptroller reports the growth was due to the high performance of mining and quarries, construction, transportation, storage and communications, hotels and restaurants. Also noteworthy in that...view more

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Source: The Guatemala Times
By: editor
2009-01-29 05:31:46
Views: 12

The International Tourism Trade Fair, FITUR'09, in it´s twenty-ninth edition, will be held from 28 January to 1 February 09 in Madrid. "So small, yet so much to offer" is CENTRAL AMERICA´S slogan at FITUR 09. Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama will be promoting their wide array...view more

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Source: Asia News
By: Editir
2009-01-24 08:51:21
Views: 249

Panama: The maritime community is gearing up for the bi-annual Panama Maritime IX World Conference & Exhibition, which will take place in Panama February 9-11, 2009 and will be inaugurated by Panama’s President Martin Torrijos with the participation of IMO Secretary General Efthimios Mitropoulos. Panama Maritime IX World Conference & Exhibition...view more

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Source: Condé Nast Traveller Magazine
By: Lilia Korsi
2009-01-23 13:35:56
Views: 588

Condé Nast Traveller one of the most important travellers worldwide magazine, ranked Panama as the 12th destination on the 20 top trips for 2009. Again Panama is considered as one of the hottest places to be visited in the world. Boquete, Casco Viejo, Pacific and Atlantic Coast are "The Places" that most...view more

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Source: Latin American Herald Tribune
By: editor
2009-01-23 08:23:03
Views: 559

President Martin Torrijos presented a $1.11 billion stimulus program intended to insulate Panama's economy from the worst effects of the global downturn. The presidential press office said in a statement that even before last September's international financial meltdown, the government had taken steps to boost investment and incomes. The Torrijos administration likewise...view more

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Source: Reuters
By: Andrew Beatty
2009-01-22 10:05:14
Views: 617

Panamanian President Martin Torrijos said on Wednesday the government will create a $1.11 billion fund to help local banks struggling to tap tight international credit markets. Torrijos said in a speech the fund would be set up by loans from the Andean Development Corporation (CAF), the Inter-American Development Bank and the...view more

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Source: Expedia
By: editor
2009-01-21 11:55:13
Views: 331

This is a news posted on a local newspaper from New Zeland, sharing a story about the author's greatest experience My first glimpse was from above. We flew down the continental divide, banking left to reveal the Caribbean Coast, before the plane turned right towards the sprawling metropolis of Panama City. Container...view more

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Source: Budget Travel
By: Editor
2009-01-19 09:08:31
Views: 595

Panama is among the world's top ten tourist destinations to be visited in 2009, according to the ranking published on the website of Budget Travel. Panama's Tourism Authority (ATP) said the publication acknowledged that the country is a fast-growing destination in Central and South America, reporting increased profits of...view more

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Source: MSNBC
By: ShermansTravel editorial staff
2009-01-18 12:41:30
Views: 14

It doesn't matter if the pages of your passport are filled with stamps or you've got a shiny new one just waiting to take a trip, because winter is the ideal time to break it out. Sure you could head to the local ski resort or down to Florida with...view more

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Source: La Prensa
By: Editor
2009-01-16 02:44:01
Views: 376

President Martín Torrijos has appointed the four private sector representatives who will sit on the National Council of Tourism. Jaime Campuzano, of the Panama Chamber of Tourism, and Ernesto Reina, of the Panamanian Association of Travel and Tourism Agencies, will service for the next five years. Gloria Clavel de Velásquez, from...view more

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Source: Thinkpanama
By: Lilia Korsi
2009-01-15 09:46:09
Views: 565

For the longest time visitors to the old quarter looking for accommodations were limited to small hostels and obscure one-stop apartment rentals, but as a symbol of growth the neighborhood has welcomed the reemergence of its first formal boutique hotel in years, The Canal House. Located on Avenida A (the...view more

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Source: ThinkPanama
By: Lilia Korsi
2009-01-12 13:20:10
Views: 579

The Panama Canal Authority (ACP) has awarded Costa Rica's Constructora MECO the third of four dry excavation contracts to help create an access channel linking the new Pacific locks with the Canal's existing Gaillard Cut (the narrowest stretch of the Panama Canal). Commenting on the contract award, the ACP's executive vice...view more

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Source: ThinkPanama
By: Rebecca Tyre
2009-01-09 07:06:43
Views: 359

January 9th marks the 45th anniversary of a riot that occurred in Panama which killed upwards of 21 Panamanians and 4 US soldiers. The riot was the result of a disagreement between Panamanian students and Panama Canal Zone police officers. The Panama Canal Zone was established in 1903 and was controlled...view more

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Source: ThinkPanama
By: Lilia Korsi Rojas
2009-01-08 08:08:49
Views: 252

The Fuerte Amador Resort & Marina’s original proposal to build a dock and cruise ship terminal on Isla Flamenco, the south westernmost of the three islands that make up the Amador Causeway, have been altered so that it would be located closer to the entrance to the Canal. Estimated to cost...view more

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Source: ThinkPanama
By: Lilia Korsi Rojas
2009-01-08 08:06:48
Views: 276

Nearly 1.6 million visitors traveled to Panama last year, according to the country’s tourism authority. That figure represents an 11 percent increase compared to 2007 and broke the country’s previous record of 1.5 million visitors in a single year, said Jaime Campuzano, president of the Panamanian Chamber of Tourism. Overall...view more

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Source: ThinkPananama
By: Lilia Korsi Rojas
2009-01-08 08:04:44
Views: 105

President Martín Torrijos will preside over the opening ceremony of the country’s famed International Flower Festival and Coffee Exhibition today in Boquete, Chiriquí. Fair Vice President Mario Serrano said that this year’s event will be organized completely differently to those of the past, and explained that there would...view more

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Source: ThinkPanama
By: Lilia Korsi Rojas
2009-01-07 07:48:00
Views: 153

The Tourism Authority of Panama (ATP) approved 102 preliminary plans for hotels in 2008. Once Implemented, the project would entail an investment of 3 thousand 566 million dollars, that would generate 16 thousand 231 direct jobs and provide 20 thousand 119 new rooms to the hotel in the country, which...view more

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Source: ThinkPanama
By: Lilia Korsi Rojas
2009-01-06 07:45:14
Views: 254

More than 100 rooms hotels of Panama City have registered a higher occupancy of 79% between January and October 2008, according to preliminary information from the Tourism Authority of Panama (ATP). The index remains at levels that has been making throughout the year, which shows that "at this moment, the...view more

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Source: ThinkPanama
By: Lilia Korsi Rojas
2009-01-06 07:35:17
Views: 346

Boquete boasts one of the most visited fairs in the country, La Feria Internacional de las flores y el café (The flowers and coffee fair), which showcases one of the most varied, beautiful and exotic array of flowers, added to the locally grown coffee which visitors can also taste. The...view more

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Source: La Prensa
By: Editor
2009-01-05 06:33:21
Views: 405

Experts are divided on how much the global economic crisis will impact Panama. While some argue that Panama will not be greatly impacted by the crisis, others claim that the backlash will be serious. Economist Adolfo Quintero said that the country will not go into a recession, but will suffer...view more

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Source: La Prensa
By: Editor
2009-01-04 08:02:17
Views: 1365

Panama’s trade officials will be busy this year as a number of agreements are due to come into effect, and a number of new proposals are heading toward being finalized. The Free Trade Agreement (FTA) with the Central American bloc is one of the first agreements that is expected to be...view more

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Source: UPI
By: Editor
2009-01-02 09:15:45
Views: 188

COL New nuclear threat detection technologies are currently operating in Panama after a recent agreement with the U.S. National Nuclear Security Administration. The United States and Panama recently reached an agreement that paved the way for the NNSA, in partnership with the Manzanillo International Terminal and others, to install advanced radiation...view more

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Source: ThinkPanama
By: Lilia Korsi
2009-01-01 12:12:35
Views: 92

Copa Airlines of Panama is ordering four additional Boeing 737-800 aircraft, Copa Holdings and Boeing Co. said late Tuesday The next-generation 737s will be delivered within the next three years. In total, Copa has now ordered 13 of the planes from Chicago-based Boeing. Panama City-based Copa currently has 42 aircraft in its...view more

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Source: La Prensa
By: Editor
2008-12-30 08:54:57
Views: 163

The country’s banks have decided to leave off using the Libor rate as a reference for deciding interest on loans and transactions for the time being as financial experts observe the aftereffects of the global financial fallout. The Libor rate, abbreviation for the London Interbank Offered Rate, is one of...view more

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Source: BnAmericas
By: Bosco Quintero
2008-12-30 08:51:09
Views: 632

With US$607mn in written premiums in 2007, Panama's insurance sector stands out as Central America's largest and there's little sign this will change in the near future. For the January-October period, the industry already recorded the total volume of sales of 2007 and is expecting a higher rate of...view more

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Source: La Prensa
By: Editor
2008-12-29 08:23:58
Views: 267

Panama seems to have avoided the financial problems being experienced by some of its neighbors in Latin America due to the global economic downturn. According to recent reports from ratings firms Standard & Poor's (S&P), Fitch and Moody’s, the risk profile of Panama is stable, and the agencies aren’t considering downgrading...view more

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Source: ATP
By: EDITOR
2008-12-26 08:20:40
Views: 632

Panama is making great progress in its tourism industry, and the activity has become one of the most important drivers of the national economy. Panamanians are aware of this reality and thus devote our best efforts to promote the security and quality of tourism services for the benefit of our...view more

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Source: La Prensa
By: Editor
2008-12-26 08:06:47
Views: 601

Some economic analysts and international firms have started to raise the likelihood that Latin America is not only slow in 2009, but entering a recession due to the global economic crisis. But Panama remains as one of the best countries to draw the storm. Citibank, for example, argues that "the...view more

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Source: Thinkpanama
By: Lilia Korsi Rojas
2008-12-25 11:11:36
Views: 200

The Republic of Panama was originally developed by foreign cultures and mixed with native Panamanian Indians of which groups are divided into seven ethnic groups. During Panama’s Colonization there was mix of Spanish people with Indians (1400’s) that introduced the Catholicism in the country. The development of churches were rapidly...view more

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Source: La Prensa
By: Editor
2008-12-24 07:09:58
Views: 678

In almost all provincial capitals, there has been a significant increase in the number of holiday shoppers in the streets this year. In Penonomé, for example, Loai Kasim, owner of the El Famoso store, says that the commercial movement has been very good for them, and confirms that their sales...view more

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Source: La Prensa
By: Editor
2008-12-23 07:21:01
Views: 652

The country’s port system received nearly 4 million TEUs (shipping containers measuring 20 feet in length) between January and October of this year, equivalent to a growth of 15.1 percent compared to the same period last year. Some 1.7 million TEUs unloaded and 2 million shipped from Panamanian ports on...view more

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Source: Thinkpanama
By: Editor
2008-12-22 10:48:55
Views: 458

While exact figures are not available, investment by German companies in Panama is growing, making the country the main destination for investments from that country in Central America. Ubertus Legge, economic counselor of the German Embassy in Panama, said that changes in the global economy have fueled greater investment in Panama...view more

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Source: THINKPANAMA
By: LILIA KORSI
2008-12-22 09:25:24
Views: 647

The airport saw its passenger traffic increase by 20 percent in the first nine months of 2008. The number of passengers who used Tocumen International Airport from January to September increased 20.3 percent as compared to the same period in 2007. The airport accommodated 3.34 million passengers, 564,000 more than in the...view more

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Source: Thinkpanama
By: Lilia Korsi Rojas
2008-12-21 07:27:22
Views: 653

The operation is being called “El Vigilante,” and it is focusing on Panama City and surrounding areas. The operation will include 300 of the 337 recent graduates of the police academy, as well as officers from the Aeronaval Service. The additional personnel will be used to increase patrols around areas that...view more

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Source: ThinkPanama
By: Lilia Korsi Rojas
2008-12-20 08:39:03
Views: 356

The project to build an interoceanic canal in Nicaragua with funding from Russia, announced by Presidents Daniel Ortega and Dimitri Medvedev this week, is unworkable because "there is no business for two channels" between the Pacific and Atlantic, said analysts Panamanians. There is little point in a canal in Nicaragua", which...view more

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Source: ThinkPanama
By: Lilia Korsi Rojas
2008-12-20 08:24:35
Views: 326

The hotels with more than 100 rooms in Panama City registered an occupancy level of 79% between January and October 2008, according to preliminary information from the Tourism Authority of Panama (ATP). The index remains at levels that have been experiencing throughout the year, which shows that "at...view more

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Source: Thinkpanama
By: Lilia Korsi Rojas
2008-12-19 11:01:44
Views: 634

The Panamanian economy will grow by 4.5% in 2009, information provided by the Economic Commission for Latin America and the Caribbean (Cepal), which would result in a sharp deceleration with respect to growth that is forecast for 2008 (9.2%) and that was conquered in 2007 (11.5%). Despite the slowdown, Panama...view more

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Source: ThinkPanama
By: Lilia Korsi Rojas
2008-12-19 10:38:36
Views: 669

The Panama Canal Authority has awarded the third of four dry excavation contracts to Constructora MECO, to help create an access channel linking the new Pacific locks with the waterway's existing Gaillard Cut, which is the narrowest stretch of the Panama Canal. The authority selected Constructora MECO from among six bids,...view more

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Source: La Prensa
By: Roberto González Jiménez
2008-12-18 20:39:53
Views: 393

Panama’s LA PRENSA Tourism section Headline reads: “Negocios y Turismo en el mismo Viaje” “LEISURE TRAVEL & BUSINESS combined into one trip” and talks about the ThinkPanama.com Land packages to travel to Panama, get away from the cold weather and experience a new frontier of opportunities...view more

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Source: ThinkPanama
By: ThinkPanama
2008-12-18 20:08:06
Views: 303

The American Chamber of Commerce puts into place a new REAL ESTATE Committee conformed by real estate industry experts, among them the directors of Century 21, Coldwell Banker’s,C.B. Richard Ellis,THINKPANAMA.COM , and other leaders in the community. Douglas McArthur Choy director of ThinkPanama.com will be heading the Marketing & Communications...view more

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Source: Think Panama
By: Lilia Korsi Rojas
2008-12-18 06:59:42
Views: 37

$67 Million Deal is the First Part of an Exclusive 10-Year Partnership for 14 Projects Worldwide Fantastic Network Solutions (FNS), a global provider of IT solutions including voice, data and IP television, has signed a $67 million agreement with Panama International Merchandise Mart (PIMM), the largest business marketplace in...view more

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Source: THINKPANAMA
By: LILIA KORSI ROJAS
2008-12-18 06:53:28
Views: 590

The number of tourists who visited Panama from January to October 2008 amounted to 1.23 million, showing an increase of 153,000 or 14.2 percent compared to the same period last year, according to the national tourism authority. In October alone, 25,000 more tourists entered Panama compared to the same month...view more

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Source: Thinkpanama
By: Lilia Korsi Rojas
2008-12-17 10:11:09
Views: 634

Panama's economy grew by 9.2 percent in the third quarter over the year-ago period, helped by expansion of agriculture, manufacturing and services, the government said on Monday. Between July and September GDP grew to $4.73 billion, up $400 million from the same period in 2007, the Comptroller General's office said....view more

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Source: ThinkPanama
By: Lilia Korsi Rojas
2008-12-17 10:07:28
Views: 741

The Second Competitiveness and Public Financial Management Development Policy Loan (DPL) is the result of close coordination with Panamanian officials and is the second of the program’s two loans specified in the Country Partnership Strategy 2008-2010 that supports specific components of the government’s program. “This second DPL will support institutional...view more

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Source: ThinkPanama
By: Lilia Korsi Rojas
2008-12-17 10:04:26
Views: 233

The income received by the manufacturing industry in the first nine months of the year rose 20 percent compared to what the sector received in the same period of 2007, the General Accounting Office reported yesterday. This jump is due to increases in food production, specifically meat and dairy products, and...view more

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Source: Miami Herald
By: Editor
2008-12-15 10:18:00
Views: 620

Most Latin American countries increased their roles in the world economy through trade, foreign investment, Internet penetration and other measures in 2007, according to a new report released by Miami-based Latin Business Chronicle. In the Latin Globalization Index, which analyzed 18 countries, Panama was ranked as the most globalized nation...view more

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Source: La Prensa
By: Editor
2008-12-15 10:10:30
Views: 376

The National Authority for Public Services is likely to announce this Thursday that the falling price of oil will mean lower electric rates for some consumers. Electric rates will be adjusted on Jan. 1, and will be in effect for the next six months. The rates are closely tied to the...view more

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Source: ThinkPanama
By: Lilia Korsi
2008-12-14 07:28:07
Views: 22

The government of Panama today began a savings program designed to reduce electricity consumption when the rising international oil prices recorded unprecedented highs. The promotion in the media of "Bombillo Operation" (Bulb operation) represents 7.7% of the program budget. That means 500 thousand dollars aproximately. All the production, transmission and coordination...view more

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