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PANAMA NEWS

13 Not-So-Conventional Reasons to Love Panama

By Mona Sutherland -
Most 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.

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London Times
UK developer wins $700m Panama contract

London & Regional Properties, a privately owned British developer, has won the right to build a new mini-city on the banks of the Panama Canal, The Times has learn. The London-based firm, founded and run by the brothers Ian and Richard Livingstone, beat competition from 16 other international firms to be selected as preferred bidder this week.

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CAPITOL FINANCIERO ARTICLE
Central America attracts U.S. retirees
The publication Capitol Financiero has an article about the number of foreigners moving to a Latin American countries.

Here is an English translation.
Central America wants to transform itself into the favorite residence of Americans who want to retire. When 65 million American citizens begin to retire in 2010, the Guatemalan Salim Dahdah will be waiting for them with the open arms. As CFB Corporacio'n president, they invested $40 million in Guatemala to develop two neocity-planning towns or communities so that many will go to live there. But he is not the only one...

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LOS ANGELES TIMES ARTICLE

http://www.latimes.com/travel/la-tr-panama25jun25,0,239181,full.story?coll=la-home-travel

LATIN BEAT / PANAMA
PANAMA, PRIMED
Rubén Blades and his countrymen are dancing to a home-grown rhythm that is full of energy and promise.
By Agustin Gurza, Times Staff Writer
June 25, 2006


PANAMA has always been a convenient shortcut for travelers on their way somewhere else. The Spaniards used it to haul treasures from Peru. Prospectors used it to race by rail to California for the Gold Rush. And the whole world still uses its canal, the fastest way to move cargo and cruise ships between oceans. Poor Panama. Always a detour, never a destination.

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