Bridgemon International Realty Panama Property Investments
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  • October24th

    A bill has been proposed in the United States, which would give property buyers a with every house purchased. The bill, which has been introduced to the US Senate this week, would let foreign investors live in the country if they spend $500,000 or more on American real estate. The scheme, suggested by York and Utah Senators, is an inventive way to encourage immigration to the USA and invite buyers into the property market.
    This homeowner visa would be valid for three years, although there are some restrictions. It would not include , or a work visa, and property buyers would have to complete their transaction in cash, without a mortgage. The home would also have to be occupied for 180 days of the year, although spouses and children would be allowed to live in the US as well, so buyers wouldn’t have to relocate alone.
    The bill follows a similar existing programme, which gives foreigners fast access to a green if they invest over $500k in a US business and create new jobs in the economy. America is optimistic that these can help drive up demand in the housing market.
    Foreign investors already account for about 10 per of the luxury US market. Indeed, to foreign investors and reached a total of $82 billion over the year to March 2011, according to the National Association of – an increase of $66 billion from the year before. With interest from foreign investors still on the up, drawn by the rates and lower property prices, America’s proposed visa giveaway could be an offer that property investors can’t refuse

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  • August13th

    Martinelli’s administration is backing an to the Trust Fund for Development, this to use part of the resources for the of infrastructure in the reverted areas. This would be the second change to the law in a year. In 2010 the National Assembly approved the use of 35% of the fund to purchase the Northern and Southern Corridors. This , the change would allow the fund to “invest in itself” explained the Minister of Finance, Alberto Vallarino. Among the areas that could see the investment of these funds would be all of the Western side of the Panama , including Farfán and Punta Batele, as well as Clayton, and especially the road leading to the Centennial Bridge, where the new “hospital city” is being built. The analyst and president of the Panamanian Association of Business John Bennett believes this is an issue which first should be discussed at length, and the regretted that the Government thinks they are the only ones who can build infrastructure. His advice would be to allow companies to “make their ,” such as in the case of the railroad. “I get nervous when politicians start to tell us about the great things they will do with our money,” said Bennett, referring to the possible spending of the money in the investment fund, money saved through the privatization of formerly state owned enterprises. (La Prensa)

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  • June16th

    , June 15 (Reuters) – Panama’s economy expanded 9.7 percent during the first three months of 2011 from a year earlier, the government statistics agency said on Wednesday. The robust quarter in one of Latin America’s top-performing economies was driven by traffic through the country’s transoceanic canal, as well as by construction and banking, the statistics agency said in a report. Panama’s economy appears to be accelerating after growing 7.5 percent last year. Annual was 8.7 percent in the fourth quarter. Helped by the $5.25 billion expansion of the Panama Canal and foreign investment, Panama’s economy will likely grow 9 percent year, Minister Alberto Vallarino said in a statement. The fast of has led come analysts to worry that Panama’s economy could overheat. The country’s annual inflation rose to 6.4 percent in May — its fastest pace in more than two years. no sign of curtailing aggressive infrastructure spending while pushing deficits to regularly modified legal limits, say critics. “This strong economic leads to questions of overheating,” Boris Segura of Nomura Securities said in a research note on Panama published on Tuesday, pointing to wage and price pressures, as well as government spending that is not reflected on budget accounts.

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  • March31st

    The investment of the banking center in Panama amounted to $13.46 billion at the of January this year, an of 13.43% over the same in 2009. The portfolio is dominated by nearly 70% investment totalling $9 billions, am anual of $961 million or 10.75%, according to figures complied by he Superintendence of banks.

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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 to look at the traffic in stats in this because there are seasonal ebbs and flows and I think it’s more accurate to compare the numbers in this . 2011 by Don Winner for Panama-Guide.

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  • March8th

    The audit and firm predicts for the Panamanian of between 6.0% and 6.5% this , 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 product at over 6% and a moderate of 2.5% (although high in historical terms relating to Panama).
    The level of public debt, which now stands at about 40%, could be reduced over the next five years to a level 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 world economy, not be exempt from financial instability.

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  • December2nd

    A few days before the start of the year, economic 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 Competitiveness Center (NCC), the Center for Economic Studies at the Chamber of Commerce, Industries and Agriculture (CEECAM), the Research and Development Group, S. A. () and Latin Consulting Group, the for next year will be grounded in the transportation , as well as telecommunications and . Although the is for increased domestic production, Felipe Chapman, the Managing of INDESA says that some of the activities may 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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  • October31st

    1460053 Shama, Panama’s tourism manager, has been very active in getting airline companies to begin direct flights to Panama. He knows that is the best way to attract visitors because just to advertise the country and have no easy way to get there accomplishes little. Here is an article from La Prensa that gives a good overview of the new flights that are being scheduled into the country.

    MAchine translated from La Prensa

    ALEX E. HERNANDEZ
    aehernandez@prensa.com

    New airlines gear up for landing at the Tocumen Airport.

    Between November and December two companies will begin operations of Flight: Tame of Ecuador and Germany’s Condor. The first will make its first commercial flight to Panama on December 1, whereas Germany has referred to fly in mid-November.

    Tame will have a frequency of six flights per week, excluding Saturdays and cover two routes a week: Monday, and Friday made the trip from Quito to Panama, while on Sundays, Tuesdays and Thursdays will fly from Guayaquil to Panama.

    But the Panamanian market is no stranger to Tame, the airline already performed two charter flights to Panama every seven days.

    “We realized we had an opportunity to establish flights a week and hope in the first months of occupation of 75%,” Benaim said Maurice, manager of Tame in Panama.

    For its part, the German airline Condor is only waiting for the Authority (CAA) gives approval to begin flights to Panama.

    The company made a direct flight to Panama from the German city of Frankfurt to a 45-minute stopover in the Dominican Republic.

    For the president of the Panamanian Chamber of Tourism, Annette Cardenas, it is important to flight frequencies to the country, it is the only opportunity to attract more visitors. Besides these two airlines in 2011 awaiting the arrival of new companies, including Qantas of Australia, who will perform a scale of four days in Havana, Cuba, and then fly to Panama, where passengers will take another four days, then return to their country. In November he will take the first step for airlines of the UAE is interested in for flights to Panama.

    Rafael Barcenas, director of AAC, said during the forum to carry out the Latin American Air Transport Association will sign a bilateral agreement with the UAE, which would allow companies such as Emirates Airlines and Flydubai set frequencies that include Panama.

    For the next year also has seen the arrival of the Japanese airline All Nippon Airways (ANA), which is awaiting the results of the technician performing their new model Boeing Dreamliner to negotiate with Panama is a direct flight between the two countries.

    Caribbean Connection

    On Saturday October 23 was the first trip of the Dutch Antilles Express Company (DAE) to Panama.

    The airline was founded in 2005 will have two flights a week between Curacao and Panama. Floris Van Pollan, CEO of the company, said the airline operates flights to Venezuela, Colombia and the Dominican Republic but said that Panama will be the first Central American destination that will cover the company.

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  • September22nd

    Projections show that medical tourism will skyrocket in decade. And competition will be stiff with over 50 countries having identified medical tourism as a national industry. Quality, cost of services and attraction of the destination itself are what will define the winners in growing industry. Panama is well-positioned to come out on top ask far as its geographic location 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 its incentive programs, but many said it was the quality of health care that sealed the deal them. The experience feels just 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 and the Caribbean affiliated with Johns Hopkins Medical International. 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-term 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 work 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 growth 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 money 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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  • September20th

    Another indicator of a positive economic picture for Panama.
    6:35 pm – PANAMA CITY, (). “Foreign direct investment (FDI) grew 26% in Panama during the first of 2010 compared with the same period last year, said on Thursday, Minister of Trade and Industry, Henriquez Roberto.

    According to the official, during this period, the raising of capital from abroad totaled 1 Billion 44.5 million dollars, a figure that, Henriquez said, demonstrates the confidence that investors remain in Panama in the context of economic world.

    The owner of Trade and Industry said that the Panamanian government is working to create favorable conditions to attract FDI and improve , offering investors an attractive business climate.

    The minister explained that, among the instruments that promote the attraction of foreign capital, are the agenda of international , attracting , the of multinational companies and special .

    Recently, the World Economic (World Economic ) admitted to Panama as the second most competitive nation in Latin America, after Chile, who occupies the first place.

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