Thursday, November 27, 2008

Panama Health Care - Positive to Land for Sale, Relocating, and Retiring

First Lady, Laura Bush, has commended Panama for joining a regional alliance for breast cancer awareness and research

Panama joins the alliance with the U.S., Brazil, Costa Rica and Mexico. The alliance will include sharing information with the University of Texas, the Susan G. Komen for the Cure, and MD Anderson Cancer Center. The alliance has been named the Partnership for Breast Cancer Awareness and Research of the Americas.

The First Lady spent two days in Panama, meeting with Vivian Fernandez de Torrijos, the First Lady of Panama.

The entire effort of the Partnership effort, announced by Mrs. Bush in July 2007, is to increase breast cancer detection and awareness, to produce clinical resources and research and to reduce related deaths to breast cancer. M.D. Anderson has taken the role of the Partnership’s head medical advisory.

The ceremony was held at the Ministry of Foreign Affairs in Panama City. The President of M.D. Anderson, Dr. John Mendelsohn, M.D., stated “We are pleased to have the opportunity to extend our work with the Partnership to Panama. Mrs. Fernandez de Torrijos is commended for her dedication and commitment to reducing breast cancer and her efforts to engage the Partnership for the benefit of women in Panama, across Latin America and around the world”.

This latest information is further sign of the superior medical care and attention to health care that has become a standard in our developing country of Panama. Visit our website at to see information about living, retiring, or relocating to Panama!

Tuesday, November 25, 2008

Panamaian Growth up Over 8% for September

The Panama City government announced yesterday that Panama’s economic activity for September 2008 rose 8.24% compared to September 2007. Economic activity increased 9.24% from August 2007 and August 2008.

As countries around the world have felt the credit crisis affect their economies, many have been watching Panama’s impressive growth amid a possible global recession and liquidity crisis.

Regardless of the global economy, the Panamanian government expects total 2008 growth up over 9.5%. According to the comptroller’s office, the industries pushing the economy upward are construction, real estate, hotel and restaurants. Much of this growth was from an increase in the number of tourists, with a particular rise in European visitors.

Panama is growing by leaps and bounds! Called the “new Miami”, developers, residents, and retirees are all looking to take advantage of Panama’s thriving economic situation! Check out our site at to read more information about moving or relocating to Panama!

Wednesday, November 19, 2008

New City in Panama to Increase Growth?

It was announced this week that British company, London & Regional Properties, is slated to transform the former U.S. Howard Air Force base in Panama into a new residential and commercial complex.

Howard Air Base closed in 1999 following Panama taking control of their Canal from the U.S.

The new complex is slated to cost $70 million and will be named the Panama Pacific Center. The Center is expected to create 20,000 new homes and 11 million square feet of commercial space. The project will create a new city within Panama City.

The project is slated to take 40 years and is expected to create 40,000 jobs. Financing for the project is slated to be over $750 million and has been put in place by UK Trade & Investment.

Panama is on the move! Panama’s economy is one of the strongest in the world right now. Are you thinking of moving to Panama or retiring in Panama? Check out our website at for more information about living in Panama!

Monday, November 17, 2008

Panama Growth to Be Helped by Brits, the UK’s travel website, announced this week that Panama expects to double the amount of UK visitors from 2007.

Among the highlights of the article that cite Panamanian growth:

  • In 2007, 8,000 Britons visited Panama. Already in 2008, there have been 7,400 visitors.
  • Panama’s tourism industry is the country’s #1 industry and has grown by 24% over the past year.
  • Tax-free inducements are offered to hotel developers until 2015.
  • There are 104 new hotel projects underway.
  • Investment in real estate and hotels in Panama is more than in Central America and the Caribbean combined.
  • 20% of properties at Nikki Beach have been pre-purchased by Brits.
View the entire article here.

The growth in Panama is absolutely amazing!! Visit our website or contact us for more information about moving, retiring, or relocating to Panama. Our website, lists the properties we have for sale outside of Panama City.

Wednesday, November 12, 2008

Buddha Bar Moving into Developing Panama City

Buddha Bar Hotel & Spa announced last week that Panama City, Panama will be its newest location. Buddha Bar is an international phenomenon of Oriental inspired luxury hotels that feature hotels, restaurants and spas.

The group behind Buddha Bar has more than 10 years of experience that began in Paris and has expanded to London, Cairo, Beirut, and Dubai. In addition to the Panama City location, the group plans to open in Prague this summer.

According to the release issued by the group, “Buddha-Bar creates an exotic journey that includes eclectic design, hypnotizing music, and magical food mixing the boldness of Asian flavors with the delicacies of France. The combination results in an incomparable escape from the everyday world, bringing elite guests back over and over again.”

Buddha Bar keeps an east-meets-west theme and focuses on a celebrity clientele and those wanting to “be seen”. The group created the concept of “eatertainment”, where dining is more than just an eating experience.

The new hotel will be located downtown Panama City. It will feature “full-service suites with cozy and contemporary Asian interiors, an iconic restaurant, and their internationally acclaimed spa.” The release also claims that “Guests will enjoy the glamour and elegance of a 5-star hotel and unparalleled customer service that defines Buddha-Bar’s philosophy…Residents and tourists of Panama City will be overjoyed to finally have a sophisticated scene for evenings out that compares to the rest of the world’s top cities”.

It’s heating up in Panama! With the economic boom that is taking place, more people are flocking to Panama! Check out our site at to see our incredible land deals in Panama!!!

Monday, November 10, 2008

U.S.-Panama Ties to Remain Strong

The results of last week’s U.S. presidential election should not affect Panama in any significant capacity.

Last week, Panamanian Foreign Minister, Samuel Lewis Navarro, reported that “For Panama, the result will not make any difference to the continued strengthening of the special ties between both countries”. Neither candidate would be initiating policies that interfere with the historical relationship between Panama and the U.S.

Panama and the United States are completing an agreement called the U.S.-Panama Agreement (CPA). The agreement has been signed by both governments after three years of negotiations. The agreement calls for eliminating tariffs and other trade barriers for goods and services between the U.S. and Panama. The Panamanian National Assembly ratified the agreement on July 11, 2007 and is now waiting for ratification from U.S. Congress, which is expected to pass.

Panama has become home to many Americans, as well as other world citizens. Land prices, healthcare, and a strong dollar all contribute to a robust economy for those looking to move or retire in Panama. Visit our site at for more information about our land deals in Panama!

Wednesday, November 5, 2008

Homewatch CareGivers Expand to Panama

Homewatch CareGivers recently announced that they have plans to open a new, international office in Panama.

Homewatch CareGivers is “one of the largest and most experienced international franchise providers of full-service, in-home care for people of all ages”.

The new Panama City, Panama location is the sixth country of expansion by Homewatch CareGivers.

The President of Homewatch CareGivers, Leann Reynolds, stated:

“The caregiving issues facing families, the elderly and women with children and aging parents are universal. Panamanians face the same struggles and stresses their contemporaries experience worldwide. Helping families and providing the highest quality of companion, personal and comprehensive in-home care services is our mission.”

Homewatch was founded in 1980 and has provided home care for seniors, children, veterans, and the chronically ill for over twenty-five years. The company has a network of 165 territories and over 100 franchise owners.

This is more positive information for those that are looking to retire in Panama. Panama is a great area for retirees. Economically, Panama allows retirees more for their dollar. Visit our site at to see our economical land deals.

Monday, November 3, 2008

Panama Banking Growth - Good for those Relocating

More reports emerged this week about the positive state of affairs in Panama and how the country has not been affected by the global financial crisis.

Gisela Vergara, who is the Panamanian minister of commerce and industry, spoke this week at a forum in Tokyo. She stated that Panama has experienced fewer losses due to its sufficient liquidity within the country’s banking system.

Panama is one of the largest financial centers of Latin America, but has no central bank. The economy is based on regional financial services, and has had growth of local and foreign savings following U.S. problems. Panamanian banks offer tax-free bank savings and low interest rates on bank loans. There is no sub-prime mortgage market in Panama, but much of the country’s economy is based on the United States.

Panamanian President Martin Torrijos claimed earlier in the year that the country is prepared to face the crisis. The expansion of the Canal has allowed for further economic expansion, and the country offers economic incentives to business and individuals looking to relocate to the country.

Check out our incredible land deals in Panama! Now is the time to move or retire in Panama and experience the international growth! Visit to check out our properties and other facts about moving to Panama.