(GlobeSt.com) For the past two years, the commercial real estate news out of South and Central America has been that Brazil has been exploding with growth, while Mexico is struggling due to a crime problem. Now, as prices rise due to Brazil’s success, the region is seeing the smaller countries rise to the top, including Panama and Costa Rica, according to a recently released … [Read more...]
Huge project aims to unlock the future for Panama Canal
(Sydney Morning Herald) FOR now, the future of global shipping is little more than a hole in the ground here, just a short distance from the Pacific Ocean. But what a hole. About 1.6 kilometres long, several dozen metres wide and more than 30 metres deep, the excavation is an initial step in the building of larger locks for the Panama Canal that should double the amount of … [Read more...]
Panama to reach the goal of 2 million visitors in 2011
(Prensa.com) Panama in December 2011 will reach the goal of two million visitors, due to the projection of that country as a tourist destination, predicted Thursday the Panamanian Minister of Tourism, Solomon Shamah. Shamah said the strong publicity campaigns in the United States, Europe, Asia and Latin America have contributed effectively to attract more tourists to Panama, … [Read more...]
Standard and Poor’s and Moody’s Upgrade Panama Outlook to Positive
(Marketwatch) Standard & Poor's and Moody's Investors Service ("Moody's") have recently raised Panama's sovereign rating outlook from stable to positive. While maintaining Panama's investment grade rating at BBB-, Standard and Poor's improved outlook "reflects the likelihood of an upgrade if the better-than-expected performance of Panama's economy continues over the next … [Read more...]
Panama’s Economy Roars Ahead, Growing Faster than any Other in Latin America
(Mexidata.info) More than four years have passed since U.S. and Panamanian negotiators signed a bilateral free-trade agreement (FTA). During this period, Panama has taken concrete steps to expand labor rights and to increase the transparency of its tax and banking systems. Last November, for example, it signed a tax-exchange sharing agreement (TESA) with the United States, and … [Read more...]