(BBC) Panama's murder rate has dropped by 21.4% in the first nine months of 2015 compared to the same period last year, official figures suggest. In Colon, Panama's most murderous city last year, the number of homicides more than halved, according to figures by the security ministry. Officials say a programme to rehabilitate gang members has been key in driving the figure … [Read more...]
Panama Remains a Money Laundering Haven
(InSight Crime)Panama has made some key moves in order to get itself removed from the international "grey list" of nations that aren't doing enough to fight money laundering, but these efforts may yet fall short. The grey list is maintained by the Financial Action Task Force (FATF), an inter-governmental body that promotes anti-money laundering policies. Panama has been on … [Read more...]
Purchasing A Pre-Construction Condo In Panama
(Live and Invest Overseas) Have pre-construction offers been tempting you? With prices starting from US$87,000 on Balboa Avenue… from US$160,000 in the nearby beach town of Coronado… and from US$315,000 in the elite neighborhood of Costa Del Este, Panama City—truly a City of Condos—has attractive options to suit all budgets. The main advantage of pre-construction (or “off … [Read more...]
Living in Panama: the Good and the Bad
(TheStreet) -- A little more than two years ago, when we started the Web site Best Places In The World To Retire, there was a choice about which country would be the site's first. From a business standpoint, the answer was easy: Choose the country that is generating the most interest among North Americans. That country was (and still is) Panama. The Web site now has more … [Read more...]
Panama attracts retirees and more
(Globe and Mail) Part of a growing trend of retirees searching for more exotic and less expensive lifestyles, the tiny isthmus nation of Panama has become a magnet destination for North American boomers. But the reason their property values are once again on the increase has less to do with the lures of leisure than with that country’s vibrant business economy, one ranked by … [Read more...]