It’s been awhile since my last post. I’ve been back in US for the last three months. Starting next week I am beginning a new adventure throughout South America, starting with Quito, Ecuador, Galapagos Isands…..and the list goes on. I have a new page on Panama Life that will be dedicated to my journey, so come with me and join me on this grand adventure. Fallow me on ”Panama Life” to get the latest postings.
Great new fish market is now open in Rio Hato. I just visited the market this morning and I was pretty impressed with the facilities, very clean, good prices, lot of parking for customers and friendly merchants. The merchants rent the space by the hour for $2 on hour. I was told that a good time to come is in the afternoon, instead the morning, larger selection and better prices. I was very happy paying $2 per pound for red snapper. The women cleaned it for me and no charge for cleaning. Can’t wait to prepare the red snapper for dinner tonight.
Location of the market is on the right side of Pan-American highway as you are driving west toward Rio Hato, just before construction of the new International airport in Rio Hato.
In the first seven months of 2012, the value of approved construction projects amounted to $918 million, 45.3% more than in the same period in 2011. Of the total number of permits approved, $705 million was for projects to be developed in the capital, mostly non-residential. Hotel, office, and mixed use commercial space continue to drive the construction market and have helped keep unemployment below 5%.
2012 GDP is predicted to come out around 11%, leading Latin America and driven mostly by construction, financial services, and mining.
New Canadian companies are taking a serious look at Panama as they see their competitors quietly reaping profits. The net income of Canadian banking giant Bank of Novia Scotia, (Scotiabank) increased a whopping 45% in 2012, led in part by an $8.6 million dollar increase on net interest income. They’ve had a three year market expansion focused on residential and commercial lending that has enjoyed tremendous success. Other Canadian companies are enjoying similar success, including a handful of major mine operators as well as engineering giants like SNC Lavalin who have been focused on the energy and hydro sectors in Panama.
~reported by Newsroom Panama~
One more reason to check out Panama. You can still buy a modern condo right on the beach for under $200.
Just about an hour drive from Panama City with direct and private access from the main Pan-American Highway you will find a brand new condos being built right on the El Palmar beach. The construction has already started and the project will be finished in December of 2013.
El Palmar residence will offer their owners a private beach, fifty three thousand and eight hundred square feet of social areas and amenities, party room, sauna, spa, shop, gym, children area, movie theater, squash, restaurant, beach club and much more.
Only 10 minutes away are all the services; hospital, supermarkets, restaurants, banks, pharmacies, golf and specialty shops. Brand new International airport being built in Rio Hato will be only 20 min away.
There are still few apartments left and the prices are very reasonable. To go directly to the website: http://www.palmarpanama.com/project.aspx?lan=en For more information get in touch with Irma Prieto directly email@example.com
Let Irma know that Mary from “Panama Life” has sent you.
The WordPress.com stats helper monkeys prepared a 2012 annual report for this blog.
Here’s an excerpt:
600 people reached the top of Mt. Everest in 2012. This blog got about 11,000 views in 2012. If every person who reached the top of Mt. Everest viewed this blog, it would have taken 18 years to get that many views.