Monthly Archives: January 2008

Making up your mind in Casco Viejo in 5 Steps

I had an interesting conversation yesterday with a client.  He was looking for a property in Casco, mainly an apartment, and he asked me what was the best purchase he could make. There is no easy answer for this, because “best” is very subjective… I would say it all “depends”.There is a “depend” clause on each step of the way: Step 1. The philosophical question: is Casco right for you? Casco Viejo is a fascinating place, with lots of things happening and information. Take your time to research. Look for people with experience. But above all, listen to your own … Continue reading

Panama invests heavily in airport infrastructure and increases flights and routes all over the world

Panama is closer to the world each day. The article, featured at La Prensa´s Martes Financiero talks about the fast increase Panama has experienced in number of flights, routes and carriers, in a moment in time where the world seems to be suffering due to the credit crisis and the increase in gas prices.Last week, Air Caribes launched flights to France via Guadalupe, that will make the jump to Europe in only 10 hours. Next month, KLM will renew flights to Amsterdam´s hub, which where stopped back in 1998.  Just to show how different is Panama nine years later.  This … Continue reading

PanamaJazz Fest Success!!! Casco Viejo gathered and enjoyed

I think these pictures speak for themselves…. For those who didn´t make it, don´t be too jealous, this could be you, just don´t forget to plan for next year!!!!!  Patrizia Pinzon President Arco Properties www.arcoproperties.com 

Investing in difficult times… Panama features in european expert opinion

This week´s Prima Panama newsletter announced an article at the Finance Daily ( http://www.financedaily.co.uk/showArticle.aspx?loadid=00880 )A Sound Investment: What To Invest in Now With volatile markets, stock exchange slumps, property declines and experts predicting a year of market uncertainty, are the old favourites like property and shares still smart investment choices? Experts agree that it will be harder in 2008 to make the right investment decisions. However, that shouldn’t deter you from investing. Dr Kate Warne, an Edward Jones Market Strategist, suggests that you review your portfolio to ensure that you have quality investments; make sure that your portfolio is diversified … Continue reading

Investing in difficult times… experts opinion

This week´s Prima Panama newsletter announced an article at the Finance Daily ( http://www.financedaily.co.uk/showArticle.aspx?loadid=00880 ) A Sound Investment: What To Invest in Now With volatile markets, stock exchange slumps, property declines and experts predicting a year of market uncertainty, are the old favourites like property and shares still smart investment choices? Experts agree that it will be harder in 2008 to make the right investment decisions. However, that shouldn’t deter you from investing. Dr Kate Warne, an Edward Jones Market Strategist, suggests that you review your portfolio to ensure that you have quality investments; make sure that your portfolio is … Continue reading

Raising the bar in Casco Viejo: introducing green elements and social responsability to our projects

A while ago I wrote about how I enjoyed my life in Casco Viejo and the opportunity this business gives me to help other people or just make my neighborhood better. Here is a concrete example: Las Clementinas. This is a small project which we hope plant the seed for a big change and help raise the bar in developments in the area. It will be the first project in the old city to have an organic garden (maybe even in the entire Panama City!) and to use sustainably harvested wood. This historic garden (which has a restriction for life, … Continue reading

Cinta Costera Panama project on its way: see utube video

For those who thought it would never happen, or that it would take ages… it is real and going forward at full speed. The cinta costera project is a huge park along the coast that involves new lanes to deal with heavy traffic at Balboa Avenue, green areas and most important of it all, it covers all the equipment needed to clean up the bay (meaning new blackwater infrastructure). The video looks like something completely fake and taken out from a Disney fantasy. However, it is true, and they are moving  fast! Check it our at UTube:  http://www.youtube.com/watch?v=T7z6cK_q5b8 Soon they´ll … Continue reading

Drum Fest in Casco Viejo … and Jazz Fest coming up soon

This is one of the things I enjoy most of living in Casco Viejo: there is always an interesting cultural event going on. Last sunday it was Drum Fest… a loud but very enjoyable (somehow) event where hearts pumped at the drums of all sorts of musicians. Preparing for Jazz Fest? (remember its from January 21th to 26th) probably! but I´m also glad that drums where taken in consideration seriously enough to have it´s own place. For me, Panamanian drums are one of the best places to look for fusion between cultures. Why? because Panama is a complete blend between … Continue reading

What to expect on 2008 an economic report from CEPAL (Comision Economica para America Latina y el Caribe)

You can download full reports for each country at: http://www.eclac.org/cgi-bin/getProd.asp?xml=/prensa/noticias/comunicados/5/32025/P32025.xml&xsl=/prensa/tpl/p6f.xsl&base=/tpl/top-bottom.xsl For Panama, here is the summary: In 2007, Panamanian economy grew 9.5%. This is Panama´s 4th year of sustained growth where the GNP per person has incremented 7.7%. For 2008 they are more conservative: estimating an 8.5% growth, still 1% more than what they estimated at the beginning for 2007 which was 7%.  They estimate that the public deficit will remain less than 1% of the GNP. During 2007 public debt was reduced (from 61% to 54%) and public investment increased in programs related to reduce poverty and to moderate … Continue reading

Panama Lead Growth in Latin America and the Caribbean in 2008

Is Panama on its way to become the new Hong Kong of Latin America? a wild thought, and quite unthinkable ten years ago… but not all that crazy these days. Think about it: all the companies that are moving their headquarters here (Caterpillar, Procter & Gamble, Dell between others), the international banking center along with the Free Trade Zone are paving the way. The Canal Expansion alone is generating masive amount of business, but ironically it is only one of many other indicators that are either at the same volume or more. A well balanced economy, in the middle of … Continue reading