Bridgemon International Realty Panama Property Investments
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  • March8th

    In February 2011 we saw 113,218 unique visitors compared to about 104,000 during February 2010, a growth of 8.8% on . I like to look at the in stats in because there are seasonal ebbs and flows and I think it’s more accurate to compare the numbers in this . Copyright 2011 by Don Winner for -Guide.com

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  • March8th

    The audit and firm Deloitte predicts growth the Panamanian economy of between 6.0% and 6.5% this year, boosted by exports, construction and tourism.
    It is expected that during the period 2010 – 2015, the economy could register a real growth of gross domestic at over 6% and a moderate of 2.5% (although high in historical terms relating to ).
    The of public debt, which now stands at about 40%, could be reduced over the next five years to a below 30% in 2015.
    Forecast to rebound in exports as the deepens consumer confidence in the advanced countries, according to said partner and financial adviser to the firm, Domingo Latorraca, who further noted that although there are good prospects for the economy, not be exempt from financial instability.

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  • December2nd

    A few days before the start of the new year, projections for next year are positive. The Panamanian economy is expected to grow between 5% and 7.5% over the next year. These are the calculations of experts on the matter and, of course, the government has projected the Gross Domestic Product to grow 6.5% in 2011.
    For groups of experts such as the National Center (NCC), the Center for Economic Studies at the Chamber of Commerce, Industries and (CEECAM), the Research and Group, S. A. (INDESA) and Latin Consulting Group, the growth for next year will be grounded in the sector, as well as telecommunications and . Although the outlook is for increased domestic production, Felipe Chapman, the Managing Director of INDESA says that some of the activities be left behind in domestic production are agriculture, livestock and fisheries. Other indicators such as unemployment and inflation would suffer no major from the numbers seen in 2010. (La Estrella)

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  • September22nd

    Projections show that medical tourism will skyrocket in this decade. And competition will be stiff with over 50 countries having identified medical tourism as a national industry. Quality, cost of services and of the destination itself are what will define the winners in this growing industry. Panama is well-positioned to come out on top ask far as its geographic and direct flight connectivity, are concerned but the country also has many other advantages.
    American standards
    Excellent medical care, comparable or better to U.S. standards, is present all over Panama. There are many English-speaking doctors who have degrees from U.S. universities. Foreign retirees were attracted to live in Panama for its incentive programs, but many said it was the quality of health care that sealed the deal for them. The experience feels just like home, they say.
    Quality care for a fraction of the cost, all over Panama
    Hospital Punta Pacifica is a facility in an upscale Panama City neighborhood. It is the only facility in Latin America and the Caribbean affiliated with Johns Hopkins Medical . The facility offers 52 private rooms and 12 suites. Procedures are a fraction of the cost of what they would be elsewhere in the world. Patients comment frequently that the care and service provided to them at this hospital is often above and beyond in quality of services they have received in their home countries.
    There are several other facilities in the capital city, the mountain communities as well as the beaches, where the medical standards are just as good as one would expect them to be back home. Clinica San Fernando, located in Panama City, is affiliated with Tulane University, Miami Children’s Hospital and Baptist Health International Miami. Also located in the capital, Centro Medico Paitilla is affiliated with the Cleveland Clinic Foundation. Special attention for forcingners is offered at Hospital Nacional.
    In the western province of Chiriquí, first-rate health care is available at Hospital Centro Medico Mae Lewis and Hospital Chiriquí. At the epicenter of Panama’s beach communities, Clinica San Fernando has a branch facility in Coronado offering 24-hour attention, general medical services including CAT scans, ultrasound, a dental clinic and an eye clinic.
    Beyond bedside manner
    Doctors in Panama often provide their cellular numbers to patients. It is not the exception – this practice is actually quite commonplace. A slower paced environment in a doctor’s office in Panama, where more time is generally allocated to care, allows for a deeper doctor-patient connection.
    Recovery facilities
    With so many new residences coming onto the market in Panama City, management companies are offering timeshare options, short- rental solutions, corporate lodging and have furnished many of the units for post-operation patients in recovery. Several hotels have also begun gearing up to provide post-operative care for medical tourists, with wheelchair standards throughout and bathrooms to accommodate patients.
    Catering to the uninsured
    Whether a person is seeking necessary medical treatment or procedures of an elective nature, in many cases, traveling abroad is often the most economic alternative option for the uninsured. Dental is a niche market that fits in well with international travel, and the number of people in the U.S. without dental coverage is even higher than the already staggering number of those without basic health coverage.
    Wellness tourism: beyond hip replacements and a new crown
    A growing field in Panama and the world is medicine that concentrates on wellness as opposed to treating illness. Called “preventative medicine” and often joined with the very popular anti-aging trend, there are a growing number of practitioners from different fields who have converged in Panama under the same guise: That it is better to prevent than to treat disease.
    Non-invasive procedures are other reasons that people flock to Panama for treatments to keep looking great. Combining tourism and the savings on tooth whitening, micro-dermabrasion, Thermage and Fraxel Laser treatment for wrinkles alone, is reason enough for people to pay a visit to Panama.
    The fountain of youth
    A new niche industry in Panama’s growing medical tourism market is complete with age management. Several health care providers offer “miracle treatments” like human hormone replacement and stem cell procedures at huge savings. People come from all over the world for these services which are available here. Compared to the US, Canada and the UK, these specific medical fields here in Panama are busier than ever.
    Combining a trip in Panama
    Dental, wellness, anti-aging and other less invasive medical procedures are more apt to be combined with recreation and tourism. Often the part of the saved by traveling beyond one’s borders to receive medical attention can be applied to a trip within Panama. As the tourism offer in Panama expands by leaps and bounds each year, there are more and more options for medical tourists to choose from. Luxurious accommodations and services that can compliment a medical tourist’s experience are readily available here, also at a fraction of the cost.
    Patients usually add on these services during a vacation visit to Panama. World-class spa services are available at many of Panama’s wellness clinics that are located in the bustling capital city or tranquil mountain getaways, where visitors relax in the eternal spring-like climate.
    Always use caution
    As with medical care in one’s home country and anywhere around the world, a fair measure of caution when choosing providers is always necessary. Consumers need to be active in verifying that those who are providing care are properly licensed and up to date with regulations

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  • September16th

    8:09 pm – PANAMA (ACAN-EFE). “The Gross Domestic Product () of Panama in the first half of 2010 was 9 thousand 940 million dollars, an increase of 6.1% over the same last year, an official source.

    The rate of increase, announced by the Panamanian Minister of Economy and Finance, Alberto Vallarino, during a public event was confirmed by the National Institute of Statistics and Census, which required the equivalent of 571.5 million dollars.

    “A few months ago the Ministry of Finance revised the initial projection of 3.5% to 5% (growth), and after this, private economists and international organizations have their own estimates put growth this year up 6% “Vallarino said.

    “So let’s end the year on a better economic performance during the second half than the first half, and of course we will enter 2011 with his foot on the accelerator,” said Minister of Economy.

    He said that this will contribute strong , labor and generation works to expand the inter-oceanic canal, which will intensify in the years 2011 and 2012.

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  • September16th

    Latin America: Improves

    MORE COMPETITIVE Panama is now the second-most competitive economy in Latin America behind Chile. (Photo: Juliette Passer)

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    Panama sails up as second-most competitive economy in Latin America.

    BY CHRONICLE STAFF

    Latin America has improved its competitiveness the past year, with countries Panama, Uruguay and Peru making particular , according to the 2010-11 Competitiveness Index from Swiss-based World Economic Forum.

    “Reflecting the strong resilience within Latin America and the Caribbean in the face of the recent severe global economic downturn, the … assessment for the region for this year points to the important progress made by several countries in improving and reinforcing their competitiveness fundamentals,” the forum says in its . “These results confirm the important strides the region has made in recent decades toward sounder management, increased market efficiency and openness, and export diversification, among other areas.”

    Beyond setting Latin America on a more sustainable growth path in the long run, these reforms have helped it weather the global economic crisis that began in 2008, the forum adds.” In particular, the reduced debt levels (with longer maturity profiles) of most countries in the region, coupled with their increased foreign reserves, have been instrumental in reinforcing their resilience and ability to support their economy with stimulus measures,” it says.

    The average Latin American score improved 0.07 points to 3.98, according to a Latin Business Chronicle analysis. A clear majority – 13 of 18 countries – improved their scores, while only three saw declines and another two ended up with the same score as last year.

    Meanwhile, Venezuela is now ranked at the bottom in Latin America thanks to a of nine spots on the global ranking and keeping the same score as last year. Along with Paraguay (the second-worst economy), they rank behind countries like Ethiopia and Uganda when it comes to competitiveness.

    PANAMA SHINES

    Panama jumped from 8th place last year to second place among Latin America’s economies this year thanks to its score gaining 0.12 points to 4.33. Globally, it jumped from 59th place to 53rd.

    “Panama posts one of the largest improvements in the region, climbing to 53rd this year thanks in large part to a more positive assessment of infrastructure quality, increased macroeconomic stability and technological readiness,” the World Economic Forum says. “This advance reflects the country’s recent important investment in upgrading its infrastructure, its sound macroeconomic management in recent times of crisis, its prowess in absorbing technology (ranked 7th for the variable on FDI and technology ), and its increase in ICT penetration rates. The country also continues to benefit from well-developed financial markets. Strengthening the quality of its educational system and increasing the of its labor market and the efficient use of talent are crucial to further reinforce Panama’s long-term growth potential going into the future.”

    Panama jumped 21 places to 44th on infrastructure quality, 17 places to 29th on macroeconomic stability and 18 places to 41st on technological readiness.

    “This advance reflects the country’s recent important investment in upgrading its infrastructure, its sound macroeconomic management in recent times of crisis, its prowess in absorbing technology …and its increase in ICT penetration rates,” the forum says. “The country also continues to benefit from well-developed financial markets.”

    Panama can further improve its score by strengthening the quality of its educational system and increasing the flexibility of its labor market and the efficient use of talent, the World Economic Forum says.

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  • August26th

    The National Institute of Statistics and Census (INEC) recently published an in Panama of 4.9% in the first quarter of 2010.

    The INEC attributes this strong growth to activities related to the such as mining and quarrying, construction, thermal power generation, transmission and distribution of electricity, trade, hotels and restaurants, telecommunications, port operations, air , insurance and financial auxiliaries, , private education and other activities, social and personal services such as radio, television and other entertainment, as well as also a lesser extent growth in manufacturing, financial intermediation and the general government.

    INEC’s also notes that the activities directed to the outside , showed a decrease, the cultivation of various fruits, fishing, wholesale trade in the Free Zone of Colon and Panama operations.

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  • August26th

    Moody’s Service recently upgraded Panama’s sovereign ratings to investment grade of Baa3 from Ba1 on a significant improvement in the ’s fiscal and positions. “The anticipated positive impact of fiscal policy initiatives on government accounts and prospects for sustained economic growth are at the core of the ,” said Alessandra Alecci, Moody’s president and senior analyst. “The Panama expansion and an ambitious investment program are likely to support strong economic growth in the next few years, boding well for debt dynamics,” added Alecci. The outlook is stable.

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  • July1st

    LATEST NEWS

    Panama: The Best Place to Do Business in Latin America
    According to the Latin Business Chronicle’s annual Latin Business Index (released this week), Panama is the number one country in the region for doing business. Last year, Panama just barely missed nabbing the number one on the index—it went to Chile, which swapped places with Panama to rank second this year.With Panama and Chile attaining scores of 17.63 and 17.61, respectively, Uruguay rounded out the top three this year with a score of 16.3. Venezuela retained the dubious distinction of worst business climate in Latin America with a score of 1.4 (second-worst country, Haiti, has a much higher score of 7.8).

    Panama gained the top spot thanks to improvements in a variety of categories, including: doing business, economic , and technology. The improvements helped offset Panama’s lower GDP score compared to last year.

    The index covers 19 countries and is the broadest measure of business climate in Latin America. The index considers data beyond GDP, taking into account considerations such as political freedom, ease of starting a business and corporate tax rates. In the globalization and competitiveness category, for example, Panama moved up from second place last year to knock Costa Rica out of the top spot.

    A recent LBC article detailing the report says: “Panama is now the only country that is among the top five in all our five main categories.” In addition to this ranking, Panama continues to be the most globalized country in the region, as per the LBC’s Latin Globalization Index.

    This year, Panama also moved up six spots on The World Bank’s Doing Business survey to 77th place worldwide. Panama ranked number one in the Latin America/Caribbean region in the survey’s Trading Across Borders category, and number three in the Getting Credit and Starting a Business categories. Per the World Bank, Panama made progr ess in property registration and construction permit transactions. “A smart , since much of Panama’s recent and expected growth will come from real estate and construction,” says the Latin Business Chronicle.

    Factors contributing to economic growth in Panama include the $5.2 billion Panama Canal expansion mega-project and Panama’s fast-growing shipping sector. Panama Pacifico, one of the largest real estate projects in the world today, is luring multinationals like Dell and Caterpillar into setting up regional headquarters in Panama. The tiny Central American nation also boasts the City of Knowledge, where NGOs such as UNICEF have regional headquarters, as well as the world’s top shipping registry, the world’s second-largest zone (after Hong Kong), and the region’s largest international banking district.

    Some experts cited in the Latin Business Chronicle report say the differences between Chile and Panama are too small to weigh against the South American powerhouse.

    According to an expert from the College of Business Administration at Florida International University, investors should consider all countries with a score of 14 or higher on the index.

    CONSTRUCTION UPDATE

    In the past few months 2 buildings were completed and a road was built to allow comfortable access, the buildings are now open for business and are attracting a steady flow of interest.

    Immobiliare has hired a very experienced Hospitality Manager to overlook Brisas. He will be liaising with Wyndham on a daily basis and will be responsible for the smooth running of all the rental properties.

    Alfredo is delighted to join a solid and established company and very excited to share with us is extensive and varied experience. We asked him for a short resume of his past activities:

    “I have been involved in Hotels and Tourism for the last 25 years, starting with Hilton International and later gaining more client’s hands on experience through several tour operator companies in Israel, Africa and the Americas. I have lived in Panama for the last 4 years and directed the opening of Playa Blanca Hotel and Resort as well as opening and managing the early months of the Radisson Colon 2000 Hotel and Casino. In the last year, I was retained as a consultant by the Veneto Hotel and Casino (also under Wyndham flag) and was instrumental in the cosmetic and operational enhancement of this popular hotel in Panama . I have seen a lot of hotel projects around the world and I must say that Brisas surpass them all by its unique position and breathtaking views. As each building is completed our inventory grows and delighted renters discover the beauty of Panama from this unique and luxurious vantage point.”

    Thank you for your continued interest in Brisas, we will send you a new update in July/August and share with you any news regarding BRISAS and Panama.

     

    Hasta Luego ! 

     
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