All Posts in Category: Economy

In yet another example of global players moving to Panama in order to spearhead a Latin American conquest, El Corte Ingles, a massive Spanish department chain, recently took over their 750 meter (8,100sf) regional headquarters in Panama City. According to Victor Saro, CEO of the Spanish retailer (Europe’s largest by the way), “Panama has become…

President Varela’s First 100 Days In Office: A Progress Report The slowdown always comes as everyone is waiting for the answers after the elections in Panama:  Who is going to stay, who are the new players, what projects are getting canned, and what are the new administration’s priorities? Five months later , and it seems…

The Panama Canal expansion project seems to be old news. Yes, the Canal is getting widened…and has been since 2007. But what people seem to be forgetting when assessing things like Panama’s debt to GDP ratio is that the Panama Canal expansion project, due for completion in LESS THAN TWO YEARS is going to double…

In momentous news, line one of the Panama Metro will be opening next month, and represents an investment of over two billion dollars.  Buildings within walking distance to metro stops have seen strong demand from commercial tenants, so look for property values to increase as activity picks up after being dormant in the construction zones…

This month, President Martinelli inaugurated the Scarlett Martinez Airport in the district of Cocle. The $53 million, two-year project modernized the 1970 US-built airstrip that’s located in Rio Hato, just 15 minutes drive to Coronado and 2 minutes from Playa Blanca. Resort owners, residents, and travelers to Panama are all excited by the possibilities that…