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Sam Taliaferro
Feb 28, 2009, 1:12:25 PM2/28/09
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54 U.S. house members sign petition to stop Panama FTA
This petition signed and delivered to President Obama is rather disturbing and will certainly cause consternation for Panama government officials.
Another U.S. ponzi scheme washes up in Panama
Latin Americans have lost billions in Ponzi schemes organized by Allen Stanford and Bernard Madoff. The bad news is that there are likely more Ponzi schemes affecting Latin American investors thanks to a combination of factors such as the stronger dollar, worsening local conditions for capital, exchange controls and the need for confidentiality, experts say.
Fudging the year end numbers
In December, the government claimed to have canceled a significant chunk of the debt carried by the country’s official banks, reducing the country’s total outstanding public debt by $31 million, to close at $10.4 billion at the end of last year. Last month, however, official figures showed that the balance had swollen by some $355 million, edging the debt above the sum recorded not 31 days earlier.
Should investors depend on Panama's Fitch ratings?
""Credit-rating agencies use their control of information to fool investors into believing that a pig is a cow and a rotten egg is a roasted chicken. Collusion and misrepresentation are not elements of a genuinely free market "
CREDIT MUST STOP
My friend and Panamanian economist David Saied wrote the following article which appeared in Washington DC's prestigious Economic Policy Journal. Lets hope David comes back to Panama in the near future to work with the government and its economic troubles.
The Pitfalls of buying property in Panama
A group of foreigners are fighting back and have created a web site dedicated to the victims of all unscrupulous real estate agencies like “Homes Real Estate of Panama” and developers such as “A2SN”, which allegedly have sold at least 6 pre-construction projects in Panama over the last two years and none have broken ground.
Panama, top place to invest for 2009
Enjoying a strong economy in the heart of Latin America, Panama is rapidly becoming the financial hub of the region, as favourable taxation laws and off-shore banking environments are attracting large multi-national businesses from across the globe.
Opinions divided on Flat Tax
Last weeks article in La Prensa about the flat tax being considered by Presidential front runner Martinelli was received with mixed reviews. Some economists believe that there will be reduced income to the state and are therefore against it.
Why 911 does not work in Panama
In the first 4 days of implementing the 911 emergency call number they received over 30,000 calls of which they believe only 300 were actual emergencies.
--
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?88452906-8EQZAHPdUKkog%404025118-EskkeJdp7ToUg
To unsubscribe/change profile: http://www.listcast.com/x?u=88452906r-59ac083a
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Prima Panama
PO box 87-2100
Plaza Concordia Zona 7
Panama City, Other 0000000
Panama
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link below or copy and paste it into your web browser:
http://www.listcast.com/x?function=view&c=88452906r-59ac083a%2a598044z-978dd140
If you have trouble link just cut and paste this link into your browser.
http://m1e.net/c?88452906-wfMJELsrtl3Vo%404025117-R97WMSUaS2zkA
54 U.S. house members sign petition to stop Panama FTA
This petition signed and delivered to President Obama is rather disturbing and will certainly cause consternation for Panama government officials.
Another U.S. ponzi scheme washes up in Panama
Latin Americans have lost billions in Ponzi schemes organized by Allen Stanford and Bernard Madoff. The bad news is that there are likely more Ponzi schemes affecting Latin American investors thanks to a combination of factors such as the stronger dollar, worsening local conditions for capital, exchange controls and the need for confidentiality, experts say.
Fudging the year end numbers
In December, the government claimed to have canceled a significant chunk of the debt carried by the country’s official banks, reducing the country’s total outstanding public debt by $31 million, to close at $10.4 billion at the end of last year. Last month, however, official figures showed that the balance had swollen by some $355 million, edging the debt above the sum recorded not 31 days earlier.
Should investors depend on Panama's Fitch ratings?
""Credit-rating agencies use their control of information to fool investors into believing that a pig is a cow and a rotten egg is a roasted chicken. Collusion and misrepresentation are not elements of a genuinely free market "
CREDIT MUST STOP
My friend and Panamanian economist David Saied wrote the following article which appeared in Washington DC's prestigious Economic Policy Journal. Lets hope David comes back to Panama in the near future to work with the government and its economic troubles.
The Pitfalls of buying property in Panama
A group of foreigners are fighting back and have created a web site dedicated to the victims of all unscrupulous real estate agencies like “Homes Real Estate of Panama” and developers such as “A2SN”, which allegedly have sold at least 6 pre-construction projects in Panama over the last two years and none have broken ground.
Panama, top place to invest for 2009
Enjoying a strong economy in the heart of Latin America, Panama is rapidly becoming the financial hub of the region, as favourable taxation laws and off-shore banking environments are attracting large multi-national businesses from across the globe.
Opinions divided on Flat Tax
Last weeks article in La Prensa about the flat tax being considered by Presidential front runner Martinelli was received with mixed reviews. Some economists believe that there will be reduced income to the state and are therefore against it.
Why 911 does not work in Panama
In the first 4 days of implementing the 911 emergency call number they received over 30,000 calls of which they believe only 300 were actual emergencies.
--
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?88452906-8EQZAHPdUKkog%404025118-EskkeJdp7ToUg
To unsubscribe/change profile: http://www.listcast.com/x?u=88452906r-59ac083a
To subscribe: http://www.listcast.com/x?oid=26634a
Prima Panama
PO box 87-2100
Plaza Concordia Zona 7
Panama City, Other 0000000
Panama
Email list management powered by Listcast
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