Panama - 30% Better Return on Dollar

The Meetings Industry Megasite profiled our favorite location – Panama – this week. Citing both the weak economy and declining dollar, Panama stretches the US dollar to its max.

According to the site, international travel has increased for corporations, due to the fact that they are able to stretch each dollar in Panama. According to the Director of Global Sales for InterContinental Hotels, countries like Panama offer a 30% better return than other places, like Europe. Rooms, food, drinks, and transportation are all much cheaper in Panama than in other countries and can add up to significant savings.

The article also cites the fact that Panama is naturally beautiful with adventurous activities and is becoming a destination for higher-end tourism and is taking business away from places like Hawaii, because it is competitive in terms of beaches, weather, and things to do – for much, much less.

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Panamanian Development to Honor Olympian

Here in Panama, we are very proud of Irving Saladino, our Olympian gold medal winner.

President Martin Torrijos announced last week that the newest sports city development that is currently under construction in Panama City, will be named after Saladino.

Saladino won the gold medal for the long jump of 8.34 meters in the 2008 Beijing Olympics. It was the first gold medal for Panama in the Beijing Games.

Torrijos made the announcement for the naming rights in a press conference on the shore of the Panama Canal. The naming coincides with the push by the Panamanian government to encourage sports among youth.

Saladino is truly a national treasure four the developing nation of Panama.

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The Portland Business Journal’s Terry Brock penned an article this week about Panama’s wonderful economy and the advantages of living in Panama.

Among Brock’s favorite Panamanian advantages:

1)   Very low taxes

2)   Very low government regulation

3)   Beautiful women

4)   Excellent quality medical and dental care

5)   The national beers sell for about 50 cents a can!!!!

Brock also highlights the Panama Canal, built over 100 years ago – and the reason that Panama is the international city that it is!  Brock also highlights the international commerce and the ease in opening a business in Panama.

Brock’s website, www.terrybrock.com, has a video of our marvelous Panama Canal and how it works!

Click here to read this great article about Panama from the 20^th to the 21^st centuries!

Panama is a great place to retire and to live!  We have some exceptional land deals that you can take advantage of!  Call now – they will go quickly!  Visit www.panama-land-for-sale.com for more information.

More Developmental Tales From Panama….

This week, The Boston Globe became yet another publication to sing the praises of Panama…..

Tom Haines, a reporter for the Globe followed Julio Eligio Bernal Jr. from the Pacific, over the Continental Divide, to the Caribbean Sea – all routes that are well-traveled by visitors as well as residents in Panama!!!  The journey can take days – if you opt to take in the jungles, islands, and Indian reservations along the way.  Panama is both coastal and mountainous – so the views and weather are both phenomenal.

The Panamanian government’s tourist office can be reached by clicking here.

Many have moved to Panama due to the beaches, fishing, fantastic weather, affordable living and diverse culture.

In the BG article, Bernal commented on the vast amount of Americans that are relocating to Panama.  The area is host to Europeans, Canadians, and other Central Americans, like Venezuelans.  And tourism, as an industry to the country is now worth in excess of $1.5 billion annually.

Having both the Pacific and the Caribbean oceans at its disposal, Panama is a maritime mecca – the Panama Canal not even being included in the equation.  This is the area where Christopher Columbus landed over 500 years ago. 

Are you wanting to know more about visiting or living in Panama?  We have land development deals that could allow you to move to or retire in Panama for economical pricing!  Visit www.panama-land-for-sale.com for more information.

Panama Becoming Host to Many Americans

One of our American escapees to Panama is Matt Landau, a 25-year old from Princeton, New Jersey that is heir to the Landau retail store.  Matt has made his home in Panama since graduating from college and has made his career as a writer and editor of The Panama Report, among other real estate ventures here in Panama.

Landau, like many of our Americans in Panama, has embraced the culture and the “largely untapped” opportunities in real estate, finance, and creative arts.

News & World Report profiled Matt in July 2008, while addressing the flood of more than 3 million Americans that have moved to Panama.

The article highlighted some of the benefits in moving to Panama, including:

1)   Easy transition.  Use of the dollar and many English-speaking people make moving to Panama fairly simple.

2)   Great weather and great beaches.  Panama is an ecological wonder.

3)   Reliable infrastructure and progressive legal system.  Good for entrepreneurs, creatives, and retirees.  Flexible banking, visas, and housing.

4)   An inexpensive and improved quality of life. 

The article compares the surge of people moving to Panama to the rush to the Old West – except this time with Skype and the Internet to keep contact with friends, relatives, and ‘the old homeland’.

Click here to the read the article in its entirety.

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PANAMAX 2008 Focuses on Panama Development, Protection

PANAMAX 2008 is now taking place. Panamax is the participation of both military and civil forces from 20 countries ensuring the Panama Canal from a security standpoint on both the Caribbean and Pacific sides.

Described by the U.S. Army South Public Affairs as “Fuerzas Aliadas”, a “U.S. Southern Command joint and multi-national training exercise co-sponsored with the Government of Panama, in the waters off the coasts of Panama and in El Salvador and Honduras, Aug. 11-22”.

The exercise involves ground forces using El Salvador and Honduras bases, 30 vessels, a dozen aircraft and 7,000 personnel. From the US, Davis Monthan Air Force Base (AZ) and Homestead Air Reserve Base (FL) will be utilized as well. US Army Maj. Gen. Keith M. Huber, commander, U.S. Army South will lead the exercise.

According to the U.S. Army South website:
The participating nations include: Argentina, Brazil, Canada, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Peru, the United States and Uruguay. France, Mexico, Paraguay, and Spain are scheduled to participate as observers. The Conference of Central American Armies, the Organization of American States and the United Nations will also participate.

This concentration on our country’s greatest resource tells you a great deal about Panama, our growth, and our stability. Come be part of the action! Visit our website at www.panama-land-for-sale.com to see our great land investment deals! We also have commercial land deals!

Chinese in Panama Supportive of Games

It was reported this week that there are over 300,000 people of Chinese origin in Panama that are following the Beijing Olympics, according to Dia a Dia newspaper.

According to the paper, “The Olympic Games have generated full joy in the Chinese community in our country (of Panama)”. The paper also sourced Sergio Lay, who is a member of the Chinese Association of Panama, who stated that “For us, here in Panama, we can even feel the splendor of the Games”.

The Chinese have been an integral part of the Panamanian culture. Through their understanding of cargo transportation and ship-building, the Chinese have helped to build Panama’s international culture. As of 2003, there were over 135,000 Panamanians of Chinese decent – the largest Chinese community in Central America.

Are you thinking of moving to Panama? Visit our blog and our website for more information. Check out our incredible land investment deals by visiting www.panama-land-for-sale.com.

Trump Plans Panama Development

It was announced yesterday that Trump Entertainment Resorts has started a project in Panama.

Working with a Panamanian developer, the Trump project is part of a planned $400 million resort development with a 35,000 square foot Casino attached.  This is the first international casino for Trump and is following the sale of Atlantic City-based Trump Marina Hotel Casino.

The CEO of Trump Entertainment Resorts, Mark Juliano, has stated that the deal is still being negotiated, but fits with expansion plans outside of Atlantic City.  Although the organization reported losses today, it will not deter plans for the Panamanian resort.

Panama is still experiencing incredible growth and value.  Don’t miss your chance to get in on the action!  Check out our properties at www.panama-land-for-sale.com.  We will offer you a guided tour of our unbelievably economical land deals!

Diversity Still Very Much a Part of Panama Today

This week, the Panama Travels blog posted about the Jewish Community and its growth in Panama City, Panama. Panama, a naturally diverse country due to the initial construction of the Panama Canal, and now – years later – from the expansion efforts of the Canal – has been a hot bed for foreigners since its inception.

The first Jews to Panama came from Spain and Portugal and practiced secretly. Much of this was due to the fact that many came after Nazi invasion in Europe.

Apparently there are over 10,000 Jews now living in Panama City and the outlying areas like Colon. As a result, Panama has ample supply of synagogues, Kosher supermarkets, and Jewish day schools. The Free Zone in Colon is a haven for many of the Jewish developers. The contrast is an interesting one, considering that Panama was colonized by Catholic missionaries.

Panama truly is a diverse and international city. Check out our website to check out our land investment deals. Make your home in Panama! Visit www.panama-land-for-sale.com.