Panama Developers Blog latest posts

[Sam Taliaferro]

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Tourism down 30% in Costa Rica
Click here for the story: http://m1e.net/c?88452906-FAPfEr.lsKPkM%404143146-mWdscRa.evd76

Once-bustling construction sites on Costa Rica's Pacific coast are lying silent as a real-estate boom fuelled by tourists and U. S. expatriates slumps due to the global financial crisis.


U.N. panel says world should ditch dollar
Click here for the story: http://m1e.net/c?88452906-WT.VZXGdnlAEU%404143147-ha6b1e0cHVJ12

A U.N. panel will next week recommend that the world ditch the dollar as its reserve currency in favor of a shared basket of currencies, a member of the panel said on Wednesday, adding to pressure on the dollar.


Bank loans fall by 3 percent
Clic

Panama banks issued $1.4 billion in new loans in January, a decrease of 3 percent or $40 million over the same period in 2008.


Gold for bread

Those who have followed the horrible situation over the last 10 years in Zimbabwe, formerly Southern Rhodesia, sympathize with those poor people who's leader Robert Mugabe has lead them down the road to hyperinflation and starvation.
Boquete coffee crop halved


Panama bond sales off to rocky start

Panama left a large pile of cash on the table during a Wednesday bond reopening that was crippled by a surprise move by the US Fed, say investors and bankers.


Panama wants off OECD black list

The country is trying to avoid being put on the OECD's blacklist of tax havens, a designation that could severely restrict its financial industry.



The Big Takeover

Excerpt from Rolling Stone; These people were never about anything except turning money into money, in order to get more money; valueswise they're on par with crack addicts, or obsessive sexual deviants who burgle homes to steal panties. Yet these are the people in whose hands our entire political future now rests.


--
Did you know there is a new country in Central America and it has
quickly become the top retirement destination in the western
hemisphere? Be sure to visit the Republic of Chiriqui and find
out why. http://m1e.net/c?88452906-v6Mwy73VE2p/Q%404143148-VgVgdBeD0VbCg

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[Sam Taliaferro]

Our current newsletter is available for you to view online. Click the
link below or copy and paste it into your web browser:

http://www.listcast.com/x?function=view&c=88452906r-59ac083a%2a611341o-adb7044b

If you have trouble link just cut and paste this link into your browser.

http://m1e.net/c?88452906-F9YuqebOHuUwg%404157997-.dVwwCDW6jbYI

There’s gold in them thar hills
http://m1e.net/c?88452906-EpV.4uVBaS4yk%404157998-Mtwz6aaU7XCuE

The Petaquilla mine in Panama has poured its first gold at its Molejon mining project. The mine is projected to come into full production in 2009 and is expected to produce 100,000 ounces of gold annually. That’s a lot of shiny metal!



Panama’s exports take a hit
http://m1e.net/c?88452906-Dxfk2BcXVQTwE%404157999-ytFmSIGXp3CUQ

Although other sectors of the economy are doing well, the export sector is suffering in the global economic crisis.



In a slowing economy, Panama’s business sector makes some sound decisions
http://m1e.net/c?88452906-MoBRmwmMg/L9s%404158000-ECnvzf3yFntO6

A recent survey of Panama’s business leaders shows that they are responding to an uncertain future by decreasing debt exposure and tighten operational expenses.



Is the future Argentina?
http://m1e.net/c?88452906-sHaCH7utkkuyg%404158001-I1urJEXMfeQZI

Here’s an interesting video with a perspective from an Argentine financial analyst on a possible outcome of our current financial crisis.



Panama Economy Holding Up
http://m1e.net/c?88452906-je22kpsIw1ZBM%404158002-IOUVk0.8jXRnc

Despite the current global economic crisis, Panama’s economy seems to be holding up remarkably well.



Foxes in the hen house
http://m1e.net/c?88452906-/bLUCPX1KZ1rQ%404158003-GHV9KPRnDTga%2e

I want to share with you a great article by Chris Martenson which clearly shows that the U.S. is completely controlled by banking interests who are shifting all the citizens money to a few at the top.



Foreigners doing business in U.S. now subject to new IRS regs
http://m1e.net/c?88452906-2Cqk8bcnD15Ak%404158004-nyYT0PC.a8aRE

This may come as a shock to foreigners doing business in the U.S. but they are now required to divulge their holdings of foreign accounts just as U.S. citizens.


A cell phone for everyone in Panama
http://m1e.net/c?88452906-6r.aBIuxXATw6%404158005-CkZ5INEVo8tzE

That is one fro every man women and child in Panama. If true then this would certainly make Panama one of the most connected country on the planet.



Pro-Tax Haven speech on Capitol Hill Video 1 & 2
http://m1e.net/c?88452906-zr4/K2kLSbh4Q%404158006-48H4XLpCu16Hw

Our friends at Heritage and Freedom and Prosperity continue to hack away at the misinformation put out by the G-20 and their minions with these two new videos explaining the important of tax competition and tax havens role in it.



Panama holds out against campaign to end era of banking secrecy
http://m1e.net/c?88452906-R8sVCeJFYZHk2%404158007-k0DZ5ofwznJO6

That is the headline from a prominent paper. I don't know how much longer Panama will hold out and i kind of doubt if it really is, but articles like these are being strategically placed in papers all over the world to ad pressure to Panama to cave in completely.



Credit must stop-David Saied
http://m1e.net/c?88452906-gmHZwvTswE/SM%404158008-NfbOm0FLlyGC2

Here is an article from my friend and Panamanian economist David Saied that is well worth reading.



Rating agencies disagree on growth forecasts for Panama, 4%, 3%, 1.5%?
http://m1e.net/c?88452906-suOucp3P/kFrk%404158009-LGv1NCSA9gFxw

An interesting analysis of Panama economic future was in this Months Latin Business Chronicle. If you don't subscribe to this publication, I recommend you do if you have an interest in Latin Business.



Panama weathering the economic storm better than most
http://m1e.net/c?88452906-a4F/yjDsfnARg%404158010-E5IflDMeVHe1%2e

According to this article in La Prensa this morning, Panama is expected to see a 4% increase in growth this year. This is certainly well below previous forecasts of 5-6% just six weeks ago, but higher than anywhere else in the Latin American region, and most of the world for that matter.

--
Did you know there is a new country in Central America and it has
quickly become the top retirement destination in the western
hemisphere? Be sure to visit the Republic of Chiriqui and find

out why. http://m1e.net/c?88452906-gNHesukNJC5KQ%404158011-X2C6lrdQT/eFM