News
15 years of Coronado Golf & Beach Resort

The Coronado Golf & Beach Resort celebrated its 15th anniversary last weekend with a Luau-inspired cocktail party with clients, members and friends. The event was hosted by David Brandon Eisenmann, who updated guests on the new activities and remodel that are going on right now. Coronado is located just an hour outside Panama City.
Coronado was the first beach community in Panama, founded 68 years ago. The Coronado Golf & Beach Resort became the first five-star beach resort in Panama when it opened. The founders of the resort are the same family as the founders of Coronado – so Coronado Golf & Beach Resort can be considered the true heart of going to the beach in Panama.
There are innumerable amenities at this resort community, which also offers residences. Among them are illuminated golf facilities, a luxurious spa, equestrian facilities, and tennis. The installations provide the perfect setting for a family getaway or a corporate retreat. For more information call 240-3178 or visit www.coronadoresort.com
Isthmian Update
Some of the news in Panama
To spy on cell calls and internet
Cellular phone calls, using e-mail and Internet
access will no longer be private. The government believes that these activities
are of "public and social interest" and will regulate them. The Draft
Law 019-09, which will be discussed today by the Cabinet for approval and
subsequent delivery to the National Assembly, states that "concession
companies of mobile telephony, fixed communications networks and the like,
which provide service in or from the national territory are required to keep a
record of data from their customers."
Slot machine concession questioned
The daily La Prensa reported that the directors of a company
Lucky Games S.A. that
was given a direct concession to operate slot machines rooms during the
administration of Ernesto Pérez Balladares
deposited hundreds of thousands of dollars received by the company in a second
bank account opened by Shelf Holding Inc., a company they claim is linked to the former
president (1994-99).
Indians object to hydro plan
Ngobe Buglé Indians picketed two sites on
50th Street, Panama City, to call for the government to suspended the Chan 75 hydroelectric
project being built by the company AES at Changuinola. The Indians
protested at noon in front of the building housing the offices of AES Panama,
while in the evening they were present in front of the Ombudsman’s Office.
Government clashes with transport sector
The announcement by the director of the Transit and Land
Transport Authority (ATTT), Sandra Escorcia, that "there will be no
compensation for public bus operators" in the process of modernization, sharpened
the differences between the government and the transportation sector. The rank
and file of the National Chamber of Transport (CANATRA) yesterday repeated the
call to "strike", as announced by the president of the guild,
Dionisio Ortega.
Going, going......still going
The newspaper La Critica said that
the auction of the yacht seized from Colombian David
Murcia Guzmán was unsuccessful. The vessel, valued at more than $1,500,000 is
located at the Amador Marina. Nobody bid. The paper reported that
the director of the Center for Custody of seized goods, Maribel Vergara,
announced that the third auction of assets of Murcia, jailed in
Colombia for illegal aquisition of money and money laundering, will be held on
October 2. The auction includes more expensive cars that have a value of
between $200,000 and $350,000 each, in addition to the yacht.
Coiba plan now law
The management plan for the Coiba National
Park is now law and has been published in the Official Gazette
Resolution number AG-0449-2009 by the National Environmental
Authority, which approved the management plan that took three years to create,
and which will run for five years.
Martinelli threatens Colon Free Zone
The government of President Ricardo Martinelli is asking the Colon Free Zone to
contribute to taxes for at least $100 million more than they currently pay.
"They made $1,590 million in 2008 and paid just $62.9 million in taxes.
The $100 million that we are asking for is a tiny fraction of the value being
generated," said the Vice-minister of Finance, Dulcidio De La Guardia.
The colon Free Zone Users’ Association said that if the government imposes
taxes on that commercial area, it could lose 30,000 jobs and would risk the
permanence of transnational corporations in the area. "Devastating"
would be the effects of tax reform on the Colon Free Zone, said the former
director of planning and finance of this commercial area, Raul Moreira. Economy and
Finance Minister, Alberto Vallarino commented:
"We are talking with users of the zone. They do not want to pay taxes, or
want to make tax returns, but we need that tax, " An increase in the rents currently charged by the
Colon Free Zone is one of several other measures contemplated
Biomuseum will help economy
The contribution of the Museum of Biodiversity to
Panama's economy could reach $100 million a year. The executive director of the
Amador Foundation, Lider Sucre, makes this projection based on data from a
study by the consultancy KPMG, which in 2002 estimated that there would be an
annual contribution to the economy of $65.9 million.
The African connection
Panama is now used as a transit country for undocumented Africans, whose
destination, it is presumed, is the United States, said the Minister of
Government and Justice, Jose Raul Mulino. It is a network created from some
African countries that passes through Brazil, Ecuador, Colombia and some people
have been found in Panama, said the Minister during his participation in a
debate broadcast by PRC Television.
Venezuelan airline begins Panama flights
The Venezuelan company Santa Barbara Airlines (SBA Airlines) began daily
flights to Panama from
Caracas using a Boeing 757 aircraft The launch was a companied by aggressive promotions.
Frequent flier points finding a new value
Frequent flier programs have been around for years and billions of miles
go unused, but those in the know are now trading their mileage. Once upon a
time airlines prohibited swaps of frequent-flier miles and it's still in the
fine print of many loyalty programs, but now some are perfectly happy with
exchanges because they collect a fee on every trade. The way it works is that
users list what they've got -- the number of miles on which airline -- and the
number of miles they want specifying another airline. There is no charge for
listing, but consumers on both ends of a completed swap pay a fee, most of
which goes to the airlines. Some trades are straight-up -- 10,000 miles in one
airline for 10,000 at another. Some traders, however, put a higher value on
some carriers, such as the big ones.
Amador Causeway accord
Four of the leading debtors on the Amador Causeway reached payment
agreements with the government and started to cancel the debts, it was reported
by the Minister of Economy and Finance (MEF), Alberto Vallarino. The
initial payment made by Group F. International is $500,000, Brisas de Amador
paid $500,000, Naos Harbor Island $188,000 and Fuerte Amador Resort and Marina
$300,000 adding up to $1,488,00 which is already in the coffers.
Group F. International was reported to have reached an agreement to pay $2 million to the
government on the concessions it holds in Amador. "The agreement was
satisfactory to both parties," The newspaper Panama America was told by a government
source. Group F and the government will continue to negotiate the legal
issues, such as the claims that remain in court," said the source
The undervalued Lamborghini
A Lamborghini valued at $243,000 was declared by a Customs broker to be worth
$43,000 in order to pay less tax. said The Director of Customs, Gloria M. Lopez . She.announced that
she will make public the name of any broker involved in cases of tax
evasion.
Dry canal idea “outlandish”
The president of the Association
for the Conservation of the Biosphere, Ezequiel Miranda, rejected the
government initiative to build a “dry canal” to link Chiriquí and Bocas del
Toro. His opposition and that of other environmentalists is because the route
would cross the La Amistad International Park and the Volcan Baru National
Park. "It's an outlandish idea, affecting nature reserves," he said
Inter-Americas link through Kuna Yala?
The daily Panama America reported that
the Panamanian coast in the Indian
area of Kuna Yala could become an alternative for the interlinking of Central
and South America, but a path through the "Darien Gap" was ruled out. The paper said
the information was released by president Ricardo Martinelli during the XI
Summit of Heads of State and Government of the Mechanism for Dialogue and
Tuxtla held in Guanacaste, Costa Rica.
Call to protect former Canal Zone areas
The daily La Critics said that
residents of the reverted areas will not
cease in their struggle to preserve the area that belongs to the district of
Ancon. Residents signed a pact to enforce agreements of municipal laws that
created protected areas within the former Canal Zone, such as Ancon Hill and
the Parque Metropolitano.
The war on corruption hots up
The Comptroller sent to the newly created Court of
Auditors 78 new cases of alleged corruption in the government where the damage
to government assets would amount to $4,100,000. Among the new cases under
investigation by the Court of Accounts is a report on the management of the
consulate in Rotterdam by Luis Ramirez, and fresh evidence of the disappearance
of metal statues from the Games of Yesteryear, and the scandal of contracts for
removing fiberglass from schools. Lectures and workshops on the prevention of corruption will no longer be the
main tasks of the executive secretary of the National Council of Transparency
Against Corruption. Now this office can investigate on its own or through
anonymous reports of any cases of corruption in the public administration and
submit this to the competent authorities.
The old, old story
The daily newspaper El Siglo reported that
three relatives of the first lady, Marta Linares Brin Martinelli have been
appointed in the Foreign Service by the government of Ricardo Martinelli. The
new ambassador to Peru, Carlos Luis Linares Brin, is the brother of the first
lady, Marta Linares. His daughter Pamela Clarke Linares is the consul in that
country, and his son Alvaro Linares Clarke was appointed consul in Barcelona.




