Two more huge transnational corporations have chosen Panama as the headquarters of their Latin American operations. The Caterpillar company, as well as Sony Corp. are the latest in a continuing pattern of international corporations viewing Panama as the preferred location for Latin American operations. Panama’s fast growing economy, coupled with the dollar currency, English as a common second language, a very stable social climate and a well educated work force are all factors in understanding why so many corporate giants are choosing Panama as a place to invest.
The huge Panama Canal expansion, along with massive growth in the real estate and tourism sectors, have put Panama on the map as a place to do business, a place to retire, as well as a place to travel to and enjoy.
The combination of booming industry, explosive growth in real estate and very strong growth in the travel sector bode well for a smooth ride during the US recession. In fact, it seems the bad news story coming out of the US is actually fuelling greater interest in economies such as Panama’s. Rather than putting on the economic brakes, Panama’s foot is firmly on the gas pedal, driving a healthy economic engine straight into the 21st century. If you are looking for real estate, tourism or other business investment opportunities, then Panama should be very near the top of your list.
Posted on Saturday, May 17th, 2008 at 8:55 am
Filed under news and updates.
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