Monthly Archives: October 2014

Lost in Paradise – Myles’ and Martina’s Parrot

On Monday, we received an email notice from News Boquete that Myles and Martina had lost their parrot.  They had raised it from near birth and now it was gone.  Here’s the notice: Lost Parrot  Area of Los Naranjos. If you see our parrot, please call Myles  We raised her from a baby. Thanks for Read More

Wonderful Boquete Fairs, Parades and Events

Starting in the first week of November, we enter holiday season in Boquete and that means lots of parades and fairs from now through April of next year. November is about independence and patriotism. The streets of Boquete swell with cheerful people as proud citizens and students march, dance and play instruments in impressive formations.  Read More

New York Times features new Gehry Museum

This new museum is certainly getting a lot of press.  Here’s another article about it just out in the New York Times. Articles like this one have a surprisingly strong impact on tourism.  Another $100 million plus investment in the country’s development. Biomuseo Showcases Panama’s Ecological Diversity – New York Times By JUDITH H. DOBRZYNSKI Read More

Trump Ocean Club’s Casino Now Open

  An impressive feature of Panama’s skyline is the Trump Ocean Club.  Now you can play there.  The new Ocean Sun casino opened to the public on September 12, 2014.  The venue is on the first floor, but there is a premium casino on the 66th floor for high rollers.  Trump Ocean Club has had Read More

Canal Expansion 81% complete – $110 million port expansion by Hong Kong conglomerate

It seems like every week, there is another $100 million investment announcement in this little country. To put things in perspective, Panama’s population at just over 3 million is much smaller than that of the Philadelphia metropolitan area.  Colombians alone quadrupuled their investments in Panama this year over last.  The smart money just keeps pouring Read More

Panama and Colombia come to agreement

. Vice President of Panama, Isabel De Saint Malo and Colombia’s Foreign Minister, María Ángela Holguín photo and article in Spanish, Portfolio.co In the last newsletter, we mentioned that Colombia was jostling for more control over their citizens’ assets.  Depending on who’s reporting, Colombian citizens either tripled or quadrupled investments in Panama this past year. Read More

Coffee Bean Prices Hit 2 year high and headed higher

Boquete and Volcan are coffee country. These areas in Chiriqui produce most of the coffee grown in Panama.  When driving through the hills and hiking the trails of Boquete you see lots of the rich green leaves and, in the right time of year, the bursting red berries or flowering coffee bushes.  The coffee farms Read More

Panama relocating Monkeys, Sloths, Crocs, Snakes

Amazing. It comes as welcome news that so many animals displaced by the expansion are being relocated. A huge project like the canal expansion unfortunately equals habitat destruction. If this report is representative of what’s really happening, then there is an impressive good faith effort underway to mitigate that impact. Flora and fauna saved in Read More

Standard and Poor’s and Fitch affirm Panama credit rating

            It was big news in 2010 when the three big rating agencies announced Panama as worthy of investment grade credit ratings. Since then, the ratings have improved a couple of notches. As of Oct. 8, 2014, there are new announcements of stable ratings from Fitch and S & P. S and P – ‘BBB/A-2’ Read More

Another Free Trade Agreement – This Time It’s Mexico!

The Panamanian government has steadily amassed successes on trade agreements over recent years. Here comes another one. Expect more to come with neighboring Colombia possibly up next and the Pacific Alliance membership likely to follow. Panama generally likes to cooperate and that’s good for business. There might be a short-term wrinkle in plans with Colombia Read More

Video of Panama Canal Expansion in Progress & Panama Canal Expansion Impact on US Engineers

This great 1 and a half minute video shows the incredible scope of the work being done to expand the canal and a gives a quick look at the Canal’s new leader Sr. Jorge Luis Quijano.    It comes as part of the American Society of Civil Engineers’ Global Engineering Conference in Panama City that is Read More