Home » December 31st, 2010
Entries posted on “December, 2010”
The stars have aligned and foreigners are flocking to Panama to retire, invest, and vacation. Panama is currently amidst a flurry of real economic growth and infrastructure development. This growth aids the economy as a whole and is seen as a strong indicator for 2011. While diversifying Panama’s portfolio outside the realm of “the Panama Canal” was a no-brainer, many of these sectors were largely fueled by foreigners. With these foreigners’ belts tightened in a global recession, how will Panama’s satellite industries fare? With the banks more restrictive on loans, buyers will need more than just a pulse to qualify in Panama in 2011. The result might be a drop in the luxury real estate market, yielding great opportunities for foreign investors. Panama has a total of more than 80 banks, more than 15 of them being national. The city also boasts several tourist attractions, and is a stopover for other nearby destinations in the country as well as a tourist destination in its own right. Today tourism is the most important economic activity in terms of revenue generation. The hotel occupancy rate is the 2nd highest (84.7 percent) in the world after Perth, Australia and is followed by Dubai (84.5 percent).
December 31st, 2010 | Posted in Headlines,International Real Estate,Real Estate News | Read More »
The current Ecuadorian President Rafael Correa met visiting Chinese State Councilor Liu Yandong, to promote the relations between the two countries. Liu first conveyed President Hu Jintao’s cordial greetings and good wishes to President Correa. She said since China and Ecuador began diplomatic ties 30 years ago, and that the bilateral relations have always gone well. Taking the 30th anniversary of bilateral ties as a new beginning, Ecuador is further promoting practical cooperation with China in economy and trade, culture, education, and science and technology to enhance bilateral relations. As part of the ceremony, the Chinese state councilor inaugurated the first Confucius Institute in the Andean country, headquartered at San Francisco University in Quito.
December 29th, 2010 | Posted in Headlines | Read More »
Maybe this is a trend, but auctions are becoming a more popular venue for purchasing some of the best properties in Singapore. In 2010 alone, the total sales of high value properties at auction increased substantially. In fact over half of the transactions of residential properties were conducted by auction.
December 28th, 2010 | Posted in Headlines,International Real Estate,Real Estate News | Read More »
In the Philippines, The World Wildlife Fund International (WWF) and Cement manufacturer Lafarge have signed a new deal for a research on a new type of cement, that could eventually turned this age old product into something more green. This new cement category called “Pozzolan” and just might replace the current Portland concrete mixture, which is being used in most construction projects around the world.
December 27th, 2010 | Posted in Headlines | Read More »
In Chile, The Ministry of Energy announced a new contract for the utilization of 20 geothermal areas by 2012. The announcement regards 170 areas, with the goal of increasing to 1,000 MW of geothermal power in the country.
December 26th, 2010 | Posted in Headlines,International Real Estate | Read More »
With 1Malaysia, the spirit of mutual respect and acceptance between the various races in this country is key to maintaining national harmony, said Datuk Seri Najib Tun Razak. The Prime Minister said such traits had been the country’s savior in the incident where a small group had opposed the Christian community early this year. “To all Malaysians celebrating, I wish you a Merry Christmas, and hope that Malaysia’s prosperity and national unity are in your prayers,” he said.
December 26th, 2010 | Posted in Headlines | Read More »
Belize Electricity Limited Gives Back To The Community
Belize Electricity Limited Gives Back To The Community – Image via Wikipedia
In Belize, the country that is known for its natural beauty, pristine beaches, great international real estate deals and world class diving, there will be a Happy Holiday for many residents. The Belize Electricity Ltd is giving back to the local communities in much of the country of Belize, as they distributed Christmas gift boxes filled with grocery items including staples, chicken, turkey, ham and other necessary ingredients for the traditional Christmas dinner to some very deserving families.
December 24th, 2010 | Posted in Headlines,International Real Estate | Read More »
The Canadian economy is slowly growing again, advancing by 0.2 per cent growth recently.
With the less than anticipated advance, while welcome, still leaves the Canadian economy sputtering as the year draws to a close.
“The direction is right, but this tracks below the Bank of Canada’s expectations,” said Derek Holt of ScotiaBank.
December 23rd, 2010 | Posted in Headlines,International Real Estate | Read More »
Mexico International Real Estate, with headquarters in Merida, Yucatan, Mexico, announced this month that the organization would be donating 20% of their net commissions to Charities of The Asociacion (AC). These funds will support local qualified charities that are located and operate in the State of Yucatan, Mexico, during the Holiday Season.
December 22nd, 2010 | Posted in Headlines,International Real Estate | Read More »
In Peru, chocolate once thought to be extinct, has been rediscovered. The chocolate that once controlled the worldwide chocolate market, was wiped out within three years and considered lost when diseases plagued the Cacaol population in Ecuador resulting in almost 100% of the plants being destroyed. A variety of the Cacao plant, yes the same one used to make chocolate, has been rediscovered in Peru, bringing back this ancient product.
December 21st, 2010 | Posted in International Real Estate | Read More »
