(PanamaInvestorBlog) The new master-planned community at Panama Pacifico passed the 70 mark this December, with more than 70 companies now onsite, operating, or moving to this Special Economic Area. Located adjacent to the Panama Canal and an easy 15-minute drive to urban downtown Panama City, Panama Pacifico started construction this past month on its third office … [Read more...]
Panama economy to grow in 2011
(prensa.com) Panama's economic prospects will again be positive for the upcoming year, analysts are forecasting. The Economic Commission for Latin America and the Caribbean are projecting economic growth of 7.5 percent in Panama this year. Felipe Chapman, of the consulting firm Indesa, is predicting growth of 7 percent. This widespread optimism is based on the start of … [Read more...]
Latest in Fleet of Tugs Heads to Panama Canal
Photo courtesy Panama Canal Authority (MarineLink.com) On December 4, the third in a fleet of 13 new tugboats purchased by the Panama Canal Authority (ACP) began making its way from Hong Kong to Panama. The Sixaola is expected to arrive at the Panama Canal in mid-February. The new fleet of tugboats, which will all be named after rivers in Panama, were built by Cheoy Lee … [Read more...]
Panama stock market had busy 2010
(prensa.com) The robust local economy has had a positive impact on the Panama stock market, which saw the value of its transactions increase by $70 million this year. . November was the best month for the market, with transactions totaling $387 million, much higher than the monthly average of $150 million. The government also had a leading role in the market, issuing a … [Read more...]
Panama hotel occupancy increases, but smaller hotels suffering
(Prensa.com) But small hotels in the interior have not been so fortunate. Hotels with less than 50 rooms in the interior posted a decline for the same period, and the Association of Small Hotels of Panama, said occupancy rates for its members was less than 50 percent. The group represents 59 hotels with a total of 600 rooms. President José Thomas said the group will be … [Read more...]