Panama Developers Blog latest posts

[Sam Taliaferro]

If you can't click the links below, cut and paste this link http://primapanama.blogs.com/_panama_residential_devel/   World Bank willing to finance projects proposed by Martinelli administration The World Bank is scheduled to provide $17 billion to Latin America over the period between July 2008 and June 2009, with Panama scheduled to receive at least $150 million of those funds. Panama Cabinet approves laxer visa requirements This is a major complaint I hear from investors, many of whom become frustrated with the system and give up. Ministries to simplify bureaucratic procedures and processes Ministry of Trade and Industry say's it is working to reduce the amount of procedures for foreign investors to make investments into the country. Debt level will probably increase under new administration According to several Panamanian economist interviewed, the Keynesian policy of spending your way out of a recession seems to be in the cards for Panama under the new president. Brother can you spare a trillion or two? Well, in past years the money came in the form of loans, mostly from foreign sources through the sale of U.S. bonds. But that apparently is no longer the case and the Fed has resorted to their only other option and that is quantitative easing of the money supply. Panama's Copa Airlines buys 27 737's Copa Holdings SA's (CPA) Copa Airlines unit ordered 13 more of Boeing Co.'s ( BA) next-generation 737-800 airplanes for about $1 billion, nearly doubling its original order. Number of bad loans increases in Panama banks The value of banks loans that have been classified as "delinquent" rose almost $200 million from May 2008 to the same month in 2009, according to a report from the Superintendency of Banks. Transformation of Panama Bob McMillan was the commissioner of the Panama Canal for the U.S. before its handover in 1999 to the Panamanians. Here he gives his opinion of what the recent election of Ricardo Martinelli means to the U.S. and Panama interests. Residential building permits down 43% from last year LA Prensa reports that residential permits are way down while commercial permits have risen by 74% over the previous year. Wow! this is a huge increase at a time one would think they should be pulling back. U.S Fed employees may consider living offshore You may conclude you cannot live the lifestyle you want. If so, here is an option you may not have considered for your retirement: Living outside of the United States. Low bid, low ball? Financial strength of canal bid winner in question Stock analyst, S. McCoy, on a Spanish website that monitors stock values raised questions about the financial stability and bid price motivation of one of the companies in the consortium that won the bid for the expansion of the canal. Which Way Panama & the OECD If you had read yesterday's editions of La Prensa, one of Panama's leading newspapers, you might have been shocked by this headline: "Panama yields to pressure concerning its lax banking laws." Is North America over populated? Since 1980 the United States has seen a 33% increase in population and most of it due to both legal and illegal immigration. If you look at the facts of this immigration it becomes obvious that this uncontrolled immigration is one of the reasons they have so many fiscal and growing cultural problems. Tax havens buck European property slump This is a short but, very important article that Panama should take advantage of. It tells us how countries who maintain their sovereignty and low tax codes fare much better than those that don't.   Who is John Galt? Click Here to find out who and where he is! To unsubscribe/change profile: click here. To subscribe: click here. Prima Panama PO box 87-2100 Plaza Concordia Zona 7 Panama City, Other 0000000 Panama

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