In their Oct. 2 issue, Forbes Magazine rated Panama in the top 10 for retirement.
Below are excerpts from the article.
Downside: pockets of corruption.
Oct. 13th representing Amcham I was invited to hear Minister Salomon Shamah’s presentation about what Panama’s tourism ministry ( ATP) accomplished in the first 100 days. It is quite impressive. These are my unofficial notes:
2. A tourism hotline has been set up to give info, advise and emergency help. Tourists call 178 . Operators speak English, Spanish, French and Portuguese If a tourist is in an emergency situation, ATP will send a person from ATP to help the tourist.
4. The “
5 The “Casco Viejos” in the provincial cities will be restored and made into tourism attractions beginning with David’s Casco Viejo which includes the church and a museum
10. A top tourism security expert has been hired by ATP who is holding meeting with hotels and other tourism groups to educate them on how to provide safety to tourists.
Nancy Hanna. President and Founder Panamainfo.com/The Panama Planner
Chair of the Tourism Committee of the American Chamber of Commerce
Business Week recently published an article on Panama for Retirement. It recommends Panama for professionals on a moderate retirement income. Some years ago, Panama was attracting retirees on low budgets, but Panama today is no longer a low budget retirement destination. and one could argue it never was. Panama also works well for professionals as it takes a certain degree of sophistication to navigate and enjoy the waters of a country like Panama.
Panama’s new president has declared his intention to make things easier for retirees who plan to move here, but we don’t know yet what that means practically. One thing that is clear, Pres. Martinelli, one of the countries foremost businessmen, is on the ball making many long overdue changes in a myriad of areas. Therefore Panama will soon be on the radar not only for retirees but also for investors and businesses looking for a home office in the region.
It is significant that in this article, Business Week does not mention neighboring Costa Rica that was the first country to successfully attract foreign retirees. Panama stands out by itself these days.
Check it out on the article link:
Panama’s new tourism minister Salamon Shamah is working to land the World Surf championships in 2012 for Panama. Panama has world-class surfing breaks at Playa Venao, Santa Catalina and on the island of Bocas del Toro.
Bring Two Surf Boards to Panama for Free
To get things rolling Minister Shamah did some arm twisting and got Panama’s Copa Airlines to agree that from now surfers can bring two surf boards free to Panama from selected Copa destinations in the USA, Costa Rica and Puerto Rico. Call you national Copa office for details.
Also, Minister Shamah plans to bring the 5 best surfers in the world to Panama next year and will be inviting international surf journalists to check Panama out. Truth is many top surfers know Panama, have enjoyed it for years and were secretly hoping Panama would not be discovered.
We recommend you come to Panama to surf before the rest. Start with Lonely Planet’s Panama guide- they have a great surf map and basic info.
Below is a link to an article from CNN about budget travel in Panama. For budget travel, it is important to avoid the high season- that is January-March. Every Panama destination has bargain hostels and hotels. Buy a Lonely Planet guide which will have listings of inexpensive but nice lodgings. travel between cities by bus is incredibly cheap and taxis in the city are also very cheap. You can have a great time in Panama on a budget