BAC steps up to be the biggest PANAMANIAN bank on the world stage.
https://newsroompanama.com/2025/07/04/panama-bac-completes-the-largest-financing-transaction-in-its-history/ BAC International Bank, Inc. (BAC) successfully closed a USD 500 million international syndicated financing, making it the largest financing of its kind in the history of a Panamanian banking institution. The transaction, led by Sumitomo Mitsui Banking Corporation (SMBC), JPMorgan Chase Bank, NA (“JPMorgan”), and Wells Fargo, significantly exceeded the …
Where are the “GOOGLE” companies in PANAMA? Who likes working where??
Workers, recruiters, and citizens contributed their opinions to the Merco ranking update. Merco Talento Panama presented the results of the second edition of its ranking of Panamanian companies that attract talent, the majority of which are from the financial and banking sectors. https://www.laestrella.com.pa/economia/conozca-las-empresas-panamenas-donde-todos-quieren-trabajar-PC13999305 Banco General repeats for the second consecutive year …
Additional Locks+ Additional Traffic= Additional MOOLAH. Big incease in Canal passage for 2024
A total of 25,000+ vessel transits have crossed the expanded locks of the Panama Canal in the last nine years, since the inauguration of the first ship, the Cosco Shipping Panama, on June 26, 2016. Specifically, 2,181 vessels passed through the Neopanamax locks of the Panama Canal, a canal expanded by …
EX-PATS- 401K’s and Retirement Investors, US markets respond to Trump, but IRAN states otherwise.
“JB”- Week starts with (2) POSITIVE days amid Trump statements, but IRAN states NO CEASEFIRE reached. ?!?! https://www.cnbc.com/2025/06/22/stock-market-today-live-updates.html MON- UP (350 pts) https://www.cnbc.com/2025/06/23/stock-market-today-live-updates.html TODAY- UP (500 pts ) https://www.laestrella.com.pa/mundo/iran-desmiente-a-trump-y-rechaza-hasta-el-momento-un-cese-de-hostilidades-con-israel-EJ13924198 Tehran clarifies that there is no agreed truce. The Iranian government makes any military pause conditional on the …
This is GOOD press for PANAMA,….but comes with a caveat, “RETIREES-DO YOUR DUE DILIGENCE”
JB OP Ed: While I always love pieces in “International” periodicals and Magazines that show how PANAMA is such a GREAT choice for “RETRIREES: and “EX-PATS”, I have learned very well that you can’t believe all the shiny ads and pumped up hype during the solicitation process. It can get you …
High Interest stifling growth of GDP here.
The bank’s interest rate hikes are the spark that sparks a social tinderbox already fueled by the mining and social security crises. It suffocates families, forcing them to choose between paying their debts or eating, a pressure that fuels discontent and directly threatens the country’s peace. https://www.laestrella.com.pa/economia/panama-tasas-de-interes-elevadas-y-descontento-social-anuncian-la-tormenta-perfecta-JO13486359 In the first months …
Banana Labor protest was DEEMED Illegal -24 hour deadline PASSED
The Fifth Section Labor Court of Changuinola, Bocas del Toro, declared the strike by workers at the Chiquita Panama banana company illegal and gave them 24 hours to return to their jobs; otherwise, they will lose their labor rights. Judge Álvaro Jiménez stated in his ruling that the strike, which …
US-CHINA agreement gives BOOST to market- What does it mean to PANAMA?
https://newsroompanama.com/2025/05/12/what-does-the-us-china-tariff-deal-mean-for-the-panama-canal/ The US and China have agreed a truce to lower import taxes on goods being traded between the two countries. That means more ships traveling through the Panama Canal. Good for Panama. Good for the world. The agreement marks a major de-escalation of the trade war between the …
PANAMA-US-CHINA: The international “Menage a Trois” Continues. One Huge BS story.
https://www.bbc.com/news/articles/clyzlk259g2o A Hong Kong-based company has agreed to sell most of its stake in two key ports on the Panama Canal to a group led by US investment firm BlackRock. The sale comes after weeks of complaining by President Donald Trump that the canal is under Chinese control and that …
………Continued. READ MORE on “PNO” people.
Since 1987, Panama has legally granted visas to foreign retirees and pensioners so that they can choose to reside in the country. A global survey indicates that foreign retirees and pensioners have chosen Panama as their retirement destination in 2025. https://www.laestrella.com.pa/economia/panama-lidera-encuesta-como-destino-de-retiro-PF10623581 According to the Global Retirement Index by International Living …
PANAMA continues to be towards top of heap for retirees. * READ MY ARCHIVES FIRST DIPSHITS
OP ED: “JB” : I love PANAMA – “OBVIOUSLY”. But any potential NEWCOMER to our shores that DOES NOT use 7 years worth of research on my site PRIOR to writing a check is making a MISTAKE. https://www.laestrella.com.pa/economia/panama-principal-destino-de-atraccion-para-la-economia-plateada-OD12442286 The country led the top ten of the Annual Global Retirement …
Dovetailing from yesterday: PANAMA badly addressing bay and plastic cleanup.
https://newsroompanama.com/2025/03/11/panama-implementing-a-city-wide-approach-to-plastic-pollution-prevention/ The Ocean Cleanup has taken another important step in its mission to rid the world’s oceans of plastic with the announcement of a partnership project in Central America to stop the flow of waste into the Bay of Panama. Under a strategic alliance with local partner and non-profit Marea Verde, …
It’s Data and Articles like this that REINFORCE Trump “Canal” stance. Again “gulp”. Goes down like bleach.
World Bank: Panama faces challenges in human capital development and quality of employment OP ED: “JB” Hello friends, Ex-Pats, and my adopted Panamanian bretheren. I will openly admit that Donald Trump makes for a very EASY and VALID target for all the venom and vitriol he is …
JB- FINAL WORD- tired of topic. Summarized beautifully.
OP ED: “JB”- If you have not read ALL of my recent posts on the US-Panama “CONFLICT”- for lack of a better term. Let me just simplify and summarize. EVERYONE KNOWS – PANAMA has competely RAPED-PILLAGED-and FUCKED the Canal Zone for 40 YEARS to benefit the wealthy and iconoclast elite …
How will TARIFFS affect us in Panama?
https://edition.cnn.com/2025/02/03/politics/trump-tariffs-risk-analysis/index.html?iid=cnn_buildContentRecirc_end_recirc President Donald Trump is doing exactly what he said he’d do. He’s launching hard-power trade wars to please voters marginalized by the globalized economy. He’s acting on despair over fentanyl’s murderous toll. He’s launched a migrant crackdown amid anxiety over a porous southern border. And the president, with the help of Elon Musk, is starting …
DAY One of New TRUMP era, and PANAMA is on the agenda.
https://edition.cnn.com/2025/01/17/politics/trump-panama-canal-threats-history-mulino/index.html Panama City, PanamaCNN — The new Panamanian ambassador was given strict instructions as he prepared to meet then-President Donald Trump one day in 2019: Do not engage him in any substantive discussion of critical issues. This was meant to be a carefully choreographed photo op, nothing more but a brief …
LINTON BAY comes on the heels of $144 Million earmarked for Colon tourism in 2025.
OP ED: Colon has been a shithole and armpit for an entirely too long time. These outer areas of Panama have needed to be addressed for decades (espescially BOCAS del TORO ) in order to truly maximize the “tourism” of PANAMA. Honestly, NOBODY comes to Panama to hang out in Panama …
CHINA remains keen on imprinting influence in Latin America. Keep an eye on these slippery F–K’s.
Varela’s BFF’s!!! https://indepthnews.net/the-chinese-investment-in-latin-america-is-changing/ BUENOS AIRES, Argentina | 17 August 2024 (IDN) — In the past decade, Chinese investment into Latin America has so often been characterised by large infrastructure projects: roads, railways, dams and ports, among others, frequently backed by state finance, and in many countries arriving under the banner of the Belt and Road Initiative. …
Ranking of PANAMA’s Best Retirement Locales: EX-PAT ALERT
* DESPITE the complete “skullfuckery” going on in Bocas del Toro……..PANAMA still a viable choice for seniors. https://money.usnews.com/money/retirement/baby-boomers/articles/best-places-to-retire-in-panama Key Takeaways Panama’s low cost of living and proximity to the U.S. make it a popular option for American retirees. From city life to coastal living, Panama offers a range of …
Commerce through Canal is LESS than projected for 2024.
https://www-laestrella-com-pa.translate.goog/economia/vasquez-los-ingresos-del-canal-para-el-2024-se-encuentran-por-debajo-de-lo-presupuestado-FK8048632?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc Vásquez said that he will follow the schedule for increasing ship traffic established for this week of 34. Two months before the end of fiscal year 2024, Ricaurter Vásquez, administrator of the Panama Canal, announced on July 24 that income is below what was established in the budget, but …
Boquete becoming a part of new tourism promotion.
https://www.newsroompanama.com/news/panama-tourist-destinations-such-as-boquete-and-the-chambers-of-commerce Attracting new businesses, encouraging investments and promoting tourism not only in Panama City but also in the interior of the country, is the new line of action of the Chamber of Commerce, Industries and Agriculture of Panama (Cciap), which would like to announce that it is joining forces and …
Middle East and UAE businesses are bullish on Panama opportunities.
https://www.laestrella.com.pa/economia/inversionistas-exploran-oportunidades-de-negocio-en-panama-GC8004998 The Ministry of Commerce explained to businessmen the strategic position of Panama, the competitive advantages and the benefits it offers as an ideal place for foreign investment A group of foreign investors, led by Kuwaiti businesswoman Dana Al Salem, came to Panama to learn about the competitive advantages and …
Mulino decisions already having ripple effect in global markets.
https://www.mining.com/web/first-quantum-stock-jumps-on-panama-plans-for-mine-environmental-audit/ Shares of Canadian miner First Quantum Minerals jumped 6% on the Toronto Stock Exchange in early trading on Tuesday, following news that Panama would conduct an environmental audit of the Cobre Panama mine to decide whether it can safely be reopened. President Jose Raul Mulino officially took charge of …
PANAMA economic outlook remains stable before expected administation change.
https://www.laestrella.com.pa/economia/moody-s-mantiene-en-baa3-estable-su-perspectiva-para-el-centro-bancario-de-panama-DN6609324 In his opinion, the solid performance of the banks will offset the sharp drop in economic growth, the political noise prior to the presidential elections, as well as the weakening of consumer and business confidence. Moody’s Ratings maintains its outlook for Panama’s banking system at “Baa3 stable”. In his …
Grade on “5 Year Plan” to come in JUNE of 2025.
Back in 2020 the UNWTO- or “World Tourism Organization” was tasked to put together a “Master Plan” that would bear the fruit of an increase in sustainable tourism projects of ( 50% ). This even took into account the effect of COVID-19 on the Economy. I am aware that there is REAL …
Final Qtr- of 2023 reported STRONG growth in the Republic GDP.
https://elsiglo-com-pa.translate.goog/economia/producto-interno-bruto-trimestral-crecio-89/24242734?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc&_x_tr_sch=http Bracho: this growth translates into an increase in the hiring of people and greater income for companies The Quarterly Gross Domestic Product (GDP) grew 8.9% compared to the same period in 2022 during the first nine months of 2023, according to data from the Comptroller General of the Republic. …
Cortizo active on sessions to discuss 2024 budget before end of calendar year.
https://www-laestrella-com-pa.translate.goog/panama/nacional/cortizo-convoca-sesiones-extraordinarias-para-discusion-del-presupuesto-2024-EB5663622?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc Deputies will only have to discuss a single issue between December 21 and 31 The President of the Republic, Laurentino Cortizo, called the National Assembly to extraordinary sessions from December 21 to 31. The deputies must analyze bill 1041, which dictates the State budget for the fiscal year 2024. …
“Costa del Este” forming into the Monaco of LATAM real estate in terms of pricing.
https://www.laestrella.com.pa/economia/costa-del-este-el-barrio-mas-caro-de-america-central-CB5672602 An investigation carried out by three real estate portals places Costa del Este as one of the places where it is most expensive to buy apartments Buying an apartment in the exclusive neighborhood of Costa del Este, in the town of Juan Díaz, in Panama City, is more expensive …
PANAMA to host leading TOURISM SUMMIT in 2024.
https://en.travel2latam.com/news-84985-panama-will-host-the-world-adventure-tourism-congress-in-2024 The most important global adventure tourism association, ATTA, has chosen Panama as the next venue for the Adventure Travel World Summit 2024 (October 7 to 10), an event that will position the country in international tourism markets as an adventure destination. and conventions The General Administrator of the ATP, …
Bleak job outlook for “young” Gen-Z Panamanians
https://www.laestrella.com.pa/economia/231204/jovenes-representan-54-desempleados-pais The recent results of the Labor Market Survey as of August 2023, carried out by the Institute of Statistics and Census (Inec), which collects the evolution of employment, marked a strong trend of the crisis experienced by Panamanian youth employment. In the reference month of the survey, the …