Archive for the ‘Panama’ Category
The province of Los Santos has seven districts: Guarare, Las Tablas, Los Santos, Macaracas, Pedasi, Pocri, and Tonosi. This province has some of the most beautiful beaches, such as El Arenal, the Port of Guarare, Venado, and Las Canas. It has gorgeous rivers such as the Tabuara and Oria. Tourism attractions such as the “El Penon del la Honda”, Isla Iguana and the Belisario Porras musem. The famous Las Tablas carnival is a must to see rich in Panamaian folkoric history.
The temperature is warm during the day cooling off at night due to the tropical sea breezes. The people of Los Santos work in agriculture activites among them coffee and sugar cane plantations and cattle ranching. This is the land of folklore. It’s people are friendly, hard workers very proud of their history and traditions. If you want to get to the heart of Panama and discover a Panama you will never forget Los Santos province is a must to visit.
In the coming posts the ThinkPanama Panama Weekly will explore this gem of Panama. Owning a piece of this beauty is possible the prices in the region are very affordable and attenable contact us for more information.
Living in Panama amidst the Spanish culture is sometimes difficult. Being bombarded from a barrage of information is confusing at best at worst conflicting due to dual language issues. So how does one go about disseminating this information in a logical manner.
With difficulty, until I discovered a great Panama weekly newspaper that is published in English. It has been around for sometime now with thirty issues behind it suggests it is not going away and rightly so. Reading this once a week is truly a lazy man’s way to keep informed.
Here is an example of what you can expect each issue:
- Finance Report
- Business
- Panama Review
- Escape (travel)
- Canal in Brief
- Panama Living
Pick yourself up a copy and you too will agree this weekly is a great way to keeping informed and freeing up your time to do what is important and that is to enjoy the life you have chosen here in Panama.
Panama Post is distributed internationally, for your free international delivery go to the Panama Post web site.
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The Panama canal expansion is going ahead on time with the contract companies. Constructora Urbana (CUSA) of Panama beginning the initial phase of dry excavation in September 2007. CUSA has more than 50 years experience with infrastructure and bridge works in Panama.
“We’re currently ahead of schedule and a big part of that is because of the high productivity we’ve been able to get out of our Cat machines”, said Roberto Muschett, operations manger for CUSA.
The initial excavation requires digging a 4.1-mile (6.7-kilometer) channel that will connect the Pacific end of the canal’s new locks to the current shipway.
Phase 2
As CUSA was digging its way through phase one, CILSA-Minera Maria, a construction company from Mexico, began its work on the $25.4 million second phase of dry excavation.
The Panama Canal Authority expects CILSA to remove about 265 million cubic feet (7.5 million cubic meters) of earth in a stretch of 1.5 miles (2.4 kilometers), clean 360 acres (146 hectares) of land, relocate 3.4 miles (5.5 kilometers) of road and prepare sites for the relocation of six electric transmission towers and line of 230 kilowatts between Panama City and La Chorrera.
Much has been written on the comparison of Panama to our neighbors to the north Costa Rica. However, that is like comparing apples to oranges our similarities are few our differences are many. We need to go halfway around the world in order to find a similar country that comes close to the growth that we are experiencing.
Panama
Panama is busy re-inventing itself as Latin America’s regional logistics and services hub. The real estate frenzy in Panama continues. More condominiums are being built and planned, and major developments are underway. GDP is remaining high with four solid years of growth. Government has continued to pay down debt resulting in S&P recently raised Panama’s rating. Property prices are rising. Land is being sold from $700 to $1,000 per sq. m., rental yields are spectacular in Panama at 9.55%, taxes are moderate, total transaction costs are low, tenancy laws are pro-landlord, economic growth expected through long term projects makes Panama a very stable, sustainable environment. To read more on Panama’s explosive growth an excellent article appears on the Global Property guide.
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Dubai
The scale of what is being attempted defies imagination. The Jumeirah Palm will be the world’s largest artificial island complex. Dubai Waterfront, a giant crescent arching around The Palm, will be larger than Manhattan, with housing for 700,000 people, 12 kilometers of beach, and 200 hotels.
On March 2006 came the long-awaited law legalizing foreign ownership in designated areas of Dubai. The law gives foreign owners a freehold title, registered with the Dubai Lands department. It also allows them to sell or lease the properties without restriction.
The result of all this is that Dubai is on the verge of being oversupplied with new residential projects, especially apartments. Rental yields remain good, rental income tax rates are low, transaction rates are low, rent law handicaps landlords. To read more go the article on the Global Property Guide.
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Dubai’s future relies on oil, Panama’s future relies on the canal. The oil is going away it is not an everlasting fountain of money soon the tap will close. Shipping through the canal is in demand with the price of oil skyrocketing taking your vessel through the canal is not an option it is now a necessity. Given the Middle East propensity for secular violence safety becomes an issue.
When researching for this post it became very clear that in all the world no other location has what Panama has and what Panama offers to the world. Boom or bust not likely anytime to soon.
