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ABP: Banking controls worked with Urrego
2007-09-21 20:53:00
The Banking Association of Panama (ABP), in light of the most recent money laundering case, disagrees that the banking system should take responsibility for failed controls.The alleged drug dealer Jose Nelson Urrego was captured Saturday in Panama City, and investigations have revealed that he managed to lauder close to 13 million dollars in local banks.?The bank received a client that had legalized his status in Panama, in a record time,? according to reports, ?And once the transactions were detected as suspicious, the accounts were closed and the proper authorities notified,? commented the ABP?s President Alexis Arjona.The banker maintains that it was not the banking system that failed, but rather that they gave him a license. ?The bank did meet its responsibilities and followed all that was required by law,? he pointed out.Although the ABP?s president believes that it is not the law that are failing, she informed that this profession, as it often does, works in junction with the ...

Inaguration of Lafise Bank
2007-09-21 20:32:00
The Lafise Group, a multinational financial entity with headquarters in Miami and offices in Central America, Mexico, the Dominican Republic, Venezuela and now Panama, opened offices on the 37th floor of the Global Bank Tower, said a bank official. Its president, Roberto Zamora Llanes, and the principal managers at the regional level will be meeting for a couple of days in Panama.

Banking Reforms in Panama are on their Way
2007-09-21 00:39:00
Bank Superintendent proposes to strengthen and revise current banking legislation.The market continues to be attractive for big corporations, such as the French Calyon Bank. Olegario Barrelier, Panama ?s Bank Superintendent, recognized that money laundering takes place in the country, as occurs in other countries that attempt to be models to follow in the fight against this affliction.?It affects and embarrasses us that this occurs in our country,? said Barrelier when advocating for immediate reforms to the existing legislation. Barrelier proposes making legislation more robust and more adequate in light of the new trends that arise when fighting against money laundering, adding that they are already working on this.?We should modernize our laws, not because somebody is forcing us to, but because it is in the best interests of Panama to not leave the country in the hands of delinquents,? the superintendent responded to the representatives? questions, taking advantage of his appearanc...
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Isla Grande
2007-09-19 20:58:00
I have know about Isla Grande for a while now, but last Saturday was the first time I had ever been to the island. Isla Grande is located within the Portobelo National park. The only means to reach the island is a 5-minute boat ride from the small town of La Guaira, located approximately 20 kilometers from Portobelo and whose main form of sustenance is fishing and tourism. The population of Isla Grande is approximately 300 inhabitants, though the island receives many tourists on weekends and holidays, who enjoy the island's beaches, trails, and excellent scuba diving and snorkeling (coral reefs surround the island). Isla Grande is especially peaceful since there are no cars or motor bikes on the island. The people of Isla Grande are incredibly friendly and willing to do what they can in order to make one's stay as enjoyable as possible. We ate a fabulous dinner at Restaurant Congo, where we engorged ourselves on a huge crab, lobster, and an excellent fillet of Corvina. I can't w...

Useful Tips on Buying Property in Panama
2007-09-08 02:05:00
Are you interested in purchasing real estate in Panam a ? Visit Land in Panama and get useful tips on buying property in Panama.
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Proposed Avenida Balboa
2007-09-05 19:56:00
Anyone that has recently traveled to Panama City, Panama knows that Avenida Balboa is not living up to its full potential. Traffic jams, insufficient walkways, and an often times stinky bay hold it back from being the pristine promenade it should be. Numerous companies identified this opportunity...
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Luxury Real Estate in Bocas del Toro, Panama
2007-06-14 17:07:00
Get more info now! Limited time pre-construction offers!
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Commercial Real Estate in Panama
2007-06-05 18:06:00
Panama has an array of great commerical real estate. Whether you are looking for a secure property investment, a practical office space, or a funky, new age building for your ultra modern entrepreneurial endeavor, you are bound to find something here!REVOLUTION TOWERLOCATION: 50th and 56th Street, Panama City AREA: 145,00m² / 1.560,77 ft²PRICE: FROM US$383,760.00 ***The Revolution Tower project has placed Panama at the forefront of the region's architectural design, utilizing the latest technology and security measures for "smart" office buildings.*** Click here to request more information about the Revolution Tower in Panama. Click on City Homes and then on Contact Us, and we'll respond to your request ASAP! SAN FERNANDO PROFESSIONAL CENTERLOCATION: Via España AREA: 45,00m² / 484,38 ft²PRICE: FROM US$71,400.00 ***Property Management is Available for this Project***Click here to request more information about the San Fernando Professional Center in Panama. Click on City Homes and ...
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10 Tallest Structures in Panama
2007-05-31 19:13:00
10 Tallest Structure s in Panam a . Courtesy of SkyScraper Page.
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Affordable Luxury Condos in Bocas del Toro, Panama
2007-05-31 02:17:00
Bocas Point Condominiums -- Get in touch for more info!Asking Price: $79,950 USD Bocas Point condominium is a luxury, first class project of 44 apartments, 36 are one (1) bedroom units and 8 are a two (2) bedroom units. One bedroom units range from 277 to 751 sq. ft. ( 26 to 70 M2) & two bedroom units range from 774 to 911 sq. ft. (72 to 85 M2). The project is one, 4-story building, with each level possessing 11 apartments.The condominium has a social/common area of 1,614 sq. ft. (150 M2), which includes a nice swimming pool, a bohio, area to take the sun and a BBQ facility. The condos on the 3rd and 4rd levels will have an ocean view. The ocean is 1 block away from the apartments facing the main street and a couple of hundred yards away from the ones facing the opposite direction. The 1st level apartments in the back will have a nice, private patio. There will a parking lot with 22 spaces for owner and visitor use. The condominium will have a waste water treatment plant and a wate...
More About: Luxury , Panama , Del Toro , Bocas del Toro , Boca

The Real Estate of Casco Viejo in Panama City, Panama
2007-05-30 00:04:00
One of my favorite places in Panama ! Be careful...The real estate is so hot there you might get burnt! Okay, that was cheesey, but it's true. Real estate in Casco Viejo is booming right now. Click here to watch a program about the architectural beauty of Panama. Romantic, bohemian and cozy, Panama?s Casco Viejo offers the charm of another era for visitors as well as its residents. Founded in 1673, Casco Viejo is the second Panama City , built after the famous pirate Henry Morgan attacked and destroyed the first city center, Panama La Vieja, forcing its inhabitants to move to a new location 2 kilometers west-southeast of the original city.Casco Viejo, located in the San Felipe neighborhood, was declared a World Heritage Center by UNESCO in 1997. Strolling along the narrow streets and alleyways of Casco Viejo, one can admire an architectural legacy and mix of colonial, European and Neoclassical art, above all from Spain and France. Furthermore, Casco Viejo is a fantastic place to inve...
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Happy Memorial Day
2007-05-28 17:51:00
?True heroism is remarkably sober, very undramatic. It is not the urge to surpass all others at whatever cost, but the urge to serve others at whatever cost.? -Arthur Ashe
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Happy Memorial Day | Real Estate in Panama
2007-05-28 17:39:00
Happy Memorial day everyone!!! After paying tribute to our troops, check out some real estate in Panama ;-DLOCATION: Punta Pacifica, Panama City BEDROOMS: 1 BATHROOMS: 1 AREA: 72,00m² / 775,00 ft² PRICE: FROM US$400,000.00 Click here to request more information about the Trump Ocean Club in Panama. Click on New Projects and then on Contact Us, and we'll respond to your request ASAP!LOCATION: Coronado Beach BEDROOMS: 3 BATHROOMS: 3 AREA: 170,00m² / 1.829,86 ft² PRICE: FROM US$329,000.00 Click here to request more information about the Coronado Country Club in Panama. Click on Beach Condos and then on Contact Us, and we'll respond to your request ASAP!LOCATION: Costa Sur BEDROOMS: 3 BATHROOMS: 4 AREA: 282,00m² / 3.035,42 ft² PRICE: FROM US$312,480.00Click here to request more information about the Costa Sur Pijao in Panama. Click on City Homes and then on Contact Us, and we'll respond to your request ASAP!LOCATION: Obarrio BEDROOMS: 1 BATHROOMS: 2 AREA: 90,00m² / 968,75 ft² PRICE: ...
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Big Names in Panama Real Estate
2007-05-25 04:38:00
Check out more real estate in Panama now!Few cities in the world live a moment as important as the growth of Panama?s real estate industry . Distinguished representatives from important disciplines related to the real estate sector find themselves developing projects of international caliber on the Isthmus of Panama. Such is the case for Donald Trump, Philippe Starck and Frank O. Gehry, three protagonists and three different projects united by a single thread: They all share the same backdrop for their masterpieces, Panama City. Frank O. Gehry: Architect of a Dream And it really is ?a dream come true? for Panama. Soon, Panama will become one of the few cities in the world to possess a masterpiece by Frank O. Gehry, an architect that has created such important emblems as the Guggenheim Museum in Bilbao, Spain and the Walt Disney Concert Hall. Gehry is the designer of the plans for the Biodiversity Museum, located on the Amador Causeway. The museum?s expositions, designed by the Canad...
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Panama Real Estate in Highland Areas
2007-05-23 18:08:00
Think Panama is nothing but fun in the sun?!? Check out these highland properties and why so many retirees are moving to Boquete!LOCATION: Cerro Azul, Panama BEDROOMS: 2 BATHROOMS: 2 AREA: 2.000,00m² / 21.527,82 ft² PRICE: FROM US$95,000.00 Click here to request more information about this highland property in Panama. Click on Highland Properties and then on Contact Us, and we'll respond to your request ASAP!LOCATION: Chame AREA: 350.000,00m² / 3.767.368,70 ft² PRICE: FROM US$2,800,000.00 Click here to request more information about this highland property in Panama. Click on Highland Properties and then on Contact Us, and we'll respond to your request ASAP!
More About: Estate , Real Estate , Real , Area

Panama Real Estate | Beach Homes in Panama
2007-05-17 19:54:00
Panama's beaches are one of the country's most spectacular attributes. With coasts on the Atlantic and Pacific, one is sure to find the right beach to suit their needs!LOCATION: Panama AREA: 112.00m² / 1,205.56 ft² PRICE: FROM US$145,000.00 Malibu Beach Park & Resort, just 45 minutes from Panama city. A life refuge with all the natural attributes of Eden: River, Beach, Mountain, Ocean. Click here for more information about this Malibu Beach Park and Resort.LOCATION: Punta Barco BEDROOMS: 3 BATHROOMS: 2 AREA: 25,000.00m² / 269,097.76 ft² Magnificent beachfront house in the exclusive beach of PUNTA BARCO, surrounded by gorgeous mansions with private beach. Incredible views of the beach, the ocean and natural surroundings. Click here for more information about this beach house.LOCATION: Coronado Beach BEDROOMS: 4 BATHROOMS: 7 AREA: 4.100,00m² / 44.132,03 ft² PRICE: FROM US$1,250,000.00 Magnificent beach house, located at ?Coronado? beach on the Pacific Ocean of Panama, Republic of Pa...
More About: Estate , Real Estate , Panama , Homes

Interested in Panama Real Estate's New Projects?
2007-05-16 16:59:00
Here are 3 beautiful, new real estate projects in Panama City, Panama. More tomorrow!PARK LOFTLOCATION: San Francisco BEDROOMS: 3 BATHROOMS: 3 AREA: 107,00m² / 1.151,74 ft² PRICE: FROM US$171,200.00 Click here for more information about Park LoftMARINA BAYLOCATION: Avenida Balboa BEDROOMS: 1 BATHROOMS: 1 AREA: 100,00m² / 1.076,39 ft² PRICE: FROM US$218,000.00 Click here for more information about Marina BayALTAMAR DEL ESTELOCATION: Costa del Este BEDROOMS: 3 BATHROOMS: 3 AREA: 267,00m² / 2.873,96 ft² PRICE: FROM US$580,243.00 Click here for more information about Altamar del EsteBeautiful Panama Skyline
More About: Projects , Real , Interest , Rest

Future Balboa Avenue???
2007-05-14 18:42:00
Avenida BalboaAvenida BalboaCommercial Center
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US trade deal applies first to Panama, Peru pacts
2007-05-11 18:40:00
ABC News - USAWASHINGTON (Reuters) - A new US bipartisan trade policy should clear the way for votes on trade agreements with Panama and Peru , but pacts with Colombia and ...[more]
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Any questions???
2007-05-10 19:22:00
Hello all,I hope everyone is having a wonderful day! The rainy season is pretty much in full effect here in Panama! We had a 100% white out yesterday...So much fun :-DI know that many do not live in Panama and may have never visited. So, if anyone has any questions about anything in Panama (from real estate to tourism to legal questions, etc.), then please let me know! You can either leave a comment or email me at mona "at symbol" wsi-easyweb "dot" com. I encourage any and all inquiries and comments! I will post the question and answer asap.Kind regards,MonaP.S. Some photos of Panama for your viewing pleasure! Watch Internet TV programs about Panama and Panama Real Estate. Panama City, PanamaSunset SunsetCasco Viejo, PanamaMona having a grand ole timeMy kitty cat Pepper (picked off the streets of the Casco Viejo)
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Wildlife Should Stay Wild
2007-05-05 19:34:00
IPTV about Property in PanamaTo help the creatures that reside in the jungle or woodland areas, the best thing for humans to do is to conserve their habitat. For Pedro Méndez Carvajal, member of Panama?s Mastozoológica Society, conservation of the flora and fauna is of utmost importance, but he warns: ?Even though we think we are doing the right thing, it is not always so.?Méndez stresses that even though a person?s objective may be to protect the animal and plant species, sometimes an individual?s good intentions can be damaging. ?To truly help the wildlife, a person should educate themselves about that specie?s particular biology and the role that each animal and plant species fulfills in its surrounding environment since each one represents a link in the chain of the other,? said Méndez, who works for the Florida Museum of Natural History in the assortment of mammals. Mendez considers it mistaken to think that a wild animal would be better off in a person?s house than in their na...
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Relocation Abroad: Ahhh!
2007-05-04 17:57:00
By Mona SutherlandWatch TV about Panama and Panama Real Estate now!Moving is exciting for some and dreadful for others. The chore of packing all your personal belongings, making new friends and confronting the unknown can be daunting. However, a change of scenery, great job opportunity or better lifestyle can be extremely motivating factors. Regardless of whether you are looking forward to the big day or looking for anything to do but think about it, relocation is sure to bring a host of different experiences, ranging from complete excitement to an absolute nightmare, especially when moving overseas.The packing process can be tricky, including the crucial decision when only one box is left: Is placing cleaning products and dry foods in the same box a bad idea? An enquiry that today remains unanswered. However, there are even more issues to solve when this move is being made to another country, including import taxes and ?Where they heck do I pick up my stuff anyway?!?So, after packi...
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Panama brews world's biggest cup of coffee
2007-04-04 18:28:00
Learn more about Panam a and Real Estate in Panama on www.LatinRe.tv .Panama City, April 02: Panama's top coffee producer said it believes it has set a new record for the world's biggest cup of coffee, after brewing 750 gallons (2,840 liters) in a giant mug on Sunday.Producer Cafe Duran used 300 pounds (136 kgs) of arabica coffee to brew a cup measuring 3 yards by 1.6 yards over four hours."We are really thrilled with this, Panama has done it!" Ricardo Duran, director-owner of the company, said to loud applause, fireworks and live tropical music.The company will submit its record-breaking attempt to officials at Guinness World Records this month. The previous Guinness record was held by the United States for brewing 660 gallons (2,500 liters) in New York in 1994.The initiative aims to draw attention to Panama's small but growing gourmet, estate-grown coffee industry, organisers said."And the coffee's actually damn tasty," said Irma Castillo, a Panama City resident sipping the hot...
More About: Coffee , Brew , Cup of coffee

Celebrities in Panama
2007-03-27 17:56:00
Learn more about Panam a Real Estate on Latin America Real Estate TV! What do Brad Pitt, Angelina Jolie, Mel Gibson and Miguel Bose have in common? All have recently paid a visit to Panama, and though their reasons were diverse, all have shown interest in Panama real estate.In January, Brad Pitt and wife Angelina Jolie visited Panama to see the construction site and scale model of the building to be inaugurated in 2008 as the Biodiversity Museum, designed by Frank O. Ghery. The Pitts enjoyed lunch and studied the scale model for over an hour, appreciating the different views the building will soon have. Brad and Angelina also explored the Casco Viejo, wandering among the spectacular colonial buildings, and then set off to spend the night in the Anton Valley, located in the country’s interior about a two hour drive from Panama City. The national press speculated that Pitt and Jolie considered investing in Panama real estate while touring the country.In March, Mel Gibson visited Pana...
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Taxis in Panama City
2007-03-19 17:02:00
Watch Internet TV about Panama , Retirement in Panama, and Panama Real Estate on Latin America Real Estate TV!Riding a taxi in Panama City can provoke just as many emotions as a free fall roller coaster ride, but at only a dollar a pop. Similar to the roller coaster, you can expect to jerk from left to right, feel your stomach drop, tense your muscles and squeal with excitement and/or fear in a Panama City cab. Like most taxis, especially in third world countries, the ride can make you fear for your life. But, there are some unique characteristics about a Panama City taxi ride that make each one out of the ordinary. Exterior and Interior of Tax iThough rumor has it that all taxis will eventually be yellow (like New York City), it is still possible to observe the vast array of shapes, styles and sizes managing the streets of Panama City. Some are new and air conditioned, while others look as though they are from circa 1970 and have survived a serious fire and numerous robberies. The ex...
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13 Not-So-Conventional Reasons to Love Panama
2007-03-01 04:18:00
By Mona SutherlandMost of us have already read the myriad of articles about Panama , not to mention the “About Panama� section on the websites of every real estate agency promoting property in the region.There is no doubt that Panama possesses numerous advantages, including its strategic geographic location, incentive program for retirees and a relatively low-cost of living, amongst others. However, some of the reasons that I particularly enjoy living in Panama cannot be when searching for the most obvious reasons, such as the Panama Canal (After showing my 4th visitor the Miraflores Locks, the outing becomes slightly monotonous) or its proximity to Miami (I’ve never been to Miami in my life!). Certain pleasures can only be recognized after living in Panama as a foreigner for some time.Though I appreciate the similarities that Panama and the “Western World� share, I also cherish the differences, since they are what makes my life here truly unique and exciting.Here are 13 re...
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Price index. Investors look for returns of at least 1% per month.
2007-02-26 21:36:00
Watch programs about Panama on Latin America Real Estate TV!By Marianela Palacios Ramsbott of La Prensamapalacios@prensa.comThe price to rent apartments and houses in Panama has only increased 2.5% in the last six years, according to the Consumer Price Index (Precios al Consumidor or IPC) of the General Controller’s Office of the Republic (Contraloría General de la República).However, Luis, who lives in a three bedroom apartment on Vía Argentina, pays 20% more for rent than the prior tenant.“They charge me 600 dollars and in 2005 they charged 500 dollars,� he said. The difference in the price variation is understandable. The Index of the General Controller’s Office is based on the weighted average of the properties offered by real estate firms in Panama City, San Miguelito and the rest of the country’s urban centers.“That percentage is an average of the variations that all segments collectively contribute, but the prices vary a lot from segment to segment,� clarifie...
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Bocas Del Toro, Panama
2007-02-21 19:36:00
Check out programs about Panam a on Panama Real Estate TV!In search of a more "tranquilo" place to spend my Carnavales, I chose Boca s Del Toro . Though I appreciate a good party, I am not one for getting sprayed with fire houses. I went to "La Tomatina" once in Buñol, Spain, and decided that I'd had enough of crazy, water-logged festivals!It was my fifth time in Bocas (and I've only been in Panama 1 year and 9 months), though my first time spending Carnavales. To learn more about Bocas, check out Panama 9º80º, a superb lifestyle and travel magazine with interesting articles about Panama.We stayed at Swan's Cay and El Limbo, both great hotels. Swan's Cay has comfortable rooms at a fair price. Also, they have a swimming pool and carpeted floors. The swimming pool comes in handy when you have had enough of the ocean water, and the carpeted floors keep you from tracking sand all over the place. El Limbo is arguably the nicest hotel on the main island Isla Colon. A fews select roo...
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Carnavales in Panama
2007-02-21 18:56:00
Check out Panam a on Panama Real Estate TV!As some of you may know, we just celebrated "Carnaval es" in Panama. Learn more on "Why I Love Panama." When one hears the word “Carnival�, cities like Rio de Janeiro in Brazil or New Orleans in the United States are what usually come to mind. However, the Carnival celebration in Panama City, Panama is the second largest in the world! Not too bad for a country with a population of only 3.5 million.Celebrated since the early 1900's, the official start date of Panama's Carnival is the fourth day before Ash Wednesday, or February 17th of 2007. However, many people begin the celebrations a few days early. During the official days of Carnival, most work comes to a complete stop (aka. It is VERY difficult to do business in Panama during this time.) and the main streets of Panama City are brimming over with parades, floats, masks, costumes and confetti. The largest celebrations take place in Panama City and the town of Las Tablas in the Los S...
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Exotic Panama Considered Central America’s Hottest New Tourism Destinatio
2007-02-14 21:49:00
Learn more about Panama and Panama Real Estate on Panama Real Estate TV !By Matt LandauFebruary 7, 2007New eco-destination reveals that hunting with century-old indian tribes, spelunking through mysterious jungle caves, and exploring secluded Caribbean islands isn’t just reserved for Hollywood anymore.With its teeming rainforests, hidden beaches, and rich history and culture, the tiny isthmus that was once only known for a Canal, is now making sound waves as perhaps the most authentic travel destination in Cent ral America . Over the past few years, thousands and thousands of visitors have been flocking to Panama, the literal and figurative crossroads of the Americas, and the trend doesn’t appear to be letting up.Panama’s high safety rating, tropical climate, and retirement incentives are drawing more and more visitors from the States everyday. Condos in cosmopolitan Panama City overlooking the Pacific Ocean for $200,000? Beach houses within walking distance from white sand beac...
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