(The Street) If the only thing holding you back from moving to a Caribbean paradise is your fear of hurricanes, there's good news. Like all of Panama, at just 9 degrees latitude, Bocas del Toro is located too far south to get hit by hurricanes. Situated close to Costa Rica, the sparsely populated province of Bocas del Toro stands out as the most popular Caribbean location in … [Read more...]
Living in Panama, the Good and the Bad
(The Street) 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 than … [Read more...]
Starbucks First Store in Panama
(The Financial) The Isthmus of Panama is a narrow strip of land connecting the continents of North and South America – with the waters of the Atlantic Ocean’s Caribbean Sea on the northern shores and the Pacific Ocean to the south. When the first ship sailed across the isthmus through the Panama Canal a century ago in 1914, it brought together east and west – saving nearly … [Read more...]
Panama Lifts Ban on Gun Imports
(Panampost) As Panama deals with increases in crime rates, forged gun permits, and rising gang activity, the government is set to lift the ban on firearm imports, in an effort to promote personal safety. Public Safety Minister Rodolfo Aguilera said the country will follow in the footsteps of the United States and Switzerland, where the right to bear arms is believed to lead to … [Read more...]
Move to Panama and retire on $25,600 a year
(CNN Money) Peg Fairbairn and April Hess will tell you they're living the dream. They moved from Austin, Texas, last year to retire in Panama, at ages 58 and 53, respectively. They live by the beach, say they have all the comforts that they were used to at home (mostly), and do it all on a budget of $2,133 a month. Moving abroad in retirement isn't for everyone, but for this … [Read more...]