(Panama Investor Blog) According to an article in La Prensa today, there are five more hotels that will open over the next 3 years in Panama City. This is on top of at least a dozen mega hotels already underway and expected to open in the next 18 months. These new entries are aimed more at the business traveler and are considered 3-4 star accomadations. Howard Johnsons, … [Read more...]
Weak US dollar means big jump in Panama gasoline prices
The weakening US dollar has helped push the price of gasoline up for the fourth time in two months. A gallon of 95 octane gasoline will increase by 13 cents and that of 91 octane by 11 cents beginning Saturday, Oct. 23. The price of a gallon of diesel will climb 6 cents The new prices will stay in place until Nov. 5. The maximum price at the pumps in Panama City … [Read more...]
Panama a leader in competitiveness
(prensa.com)Latin America is going through a positive economic cycle, but the worst thing that can occur in the region is for a complacent attitude to prevail, which would bring uncertainty to the markets. This is the opinion of Enrique García, the executive director of the Andean Development Corporation, who made those statements at a forum in Panama convened by the … [Read more...]