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By DON WINNER for
Long On Experience – Low On Overhead -
By Zelideth Cortez for La Critica - Good prospects are expected in 2010 for the construction industry, announced the president of the Panamanian Chamber of Construction (CAPAC), Jaime Jované. "Despite the financial crisis we expect to finish out 2009 with a growth (in the construction sector) of between 2% and 3%, and we hope during 2010 we will see even better growth of between 4% and 5%, because the government has an aggressive investment plan," said Jované. He said in order to maximize this growth there should be a National Development Plan, which will turn into a state policy based on clear rules, so the expected growth in the construction sector does not conflict with the quality of life of the population. Jovane thinks with the implementation of the new Vice Minister of Housing and Territorial Development, the government will be able to define and improve many land use regulations for beaches, real estate systems, industrial areas, and to create areas geared toward the growth of the population, among others.
La Critica - The total value of building permits issued through October of 2009 increased by $2 million dollars (0.1%) according to a statistical report issued by the Ministry of Economy and Finance. According to the report the total value of permits for new construction, additions and repairs in Panama was $1.395 billion dollars through October 2009, an increase of $2 million dollars over the same period last year. The statistical report reflects a significant increase in the value of nonresidential construction (69.4%), while simultaneously reflecting a drop in the value of residential construction (21.3%). (Editor's Comment: Wow. New permits worth another $1.3 billion have been issued this year? In spite of the global economic crisis? Clearly, Panama remains a single bright spot among Latin American economies. This is great news.)
By Mabel Cruz R. for the Panama America - Many have opted to seek financing through the Panama Stock Exchange. The construction sector grew 34% in the first half of 2009, compared with same period of last year, according to reports from the Nation's Comptroller. However Superintendent of Banks said fewer disbursements to projects already underway and caution in approving new projects might have a negative impact on 2010. On this issue economist Raul Moreira, President of the College of Economists, said that in order to execute new projects the construction sector is obtaining funding through the Panama Stock Exchange as an alternative method to obtain capital for their work. He explained that if financing is restricted then unemployment will rise, thus causing the same collateral side effect to the banks who rely heavily on consumers who are looking to buy new houses and apartments. Despite this background, Juan Manuel Vasquez, the Director of the Office of Building Construction of the Municipality of Panama, said that through 31 July 2009 their office has granted 971 building permits representing a total investment of approximately $3 billion dollars. These permits, Vasquez said, have been granted for the construction of new buildings, hotels, housing developments as well as modifications to existing structures. Some sectors experiencing a growth in construction are San Francisco, Bella Vista, Juan Diaz and La Cumbres. Data from the National Institute of Statistics (INE) reflects an increase of $287 million in construction spending during the first half of 2009 (a total of $1.112 billion) compared to $835 million in the same period of last year. Juan Manuel Vasquez added that private enterprise has the greatest impact on this sector.
La Prensa - As of today cars will be able to use two lanes of Ave. Balboa that have been closed since 12 May 2009 when part of the sidewalk and road collapsed due to the failure of a underground retaining wall that was part of the construction of the Star Bay Tower, owned by F&F properties. The engineer in charge of the construction project, Jose Gomez, said the street was repaired and totally stabilized, but since they have not yet finished repairing the sidewalk they have designated two lanes for vehicular traffic and the third lane for pedestrians. "We cannot guarantee that there will be not be any incidents in the area of the street where we worked, but we can certify that we complied with repair design as approved by the authorities," he said. We tried to contact the person who is in charge of overseeing these repairs on the part of the Ministry of Public Works, Jorge Pitalúa, but it was impossible to speak with him.
By William Sala for
Built with the understanding that "The Customer is King" and that nothing is impossible, Hansen offers their clients more than just a barrier against insects and debris, but provides a space adding to the grace and elegance of the home to which it is attached. Our screens do, in fact, provide excellent protection from biting insects which can be a distraction and nuisance, taking away from what would otherwise be a perfect evening. Our screens also provide protection from harmful Ultra Violet (UV) rays, screening out 30% to 50%. Our screened in enclosures also extend the available living space of your home and allow you to share the outdoors. We utilize the most advanced construction techniques in the in the industry, and our Powder Coated Structural Aluminum components provide years of maintenance free use. (more)
By Luis Carlos Rodríguez for
By Ohigginis Arcia for the
By DON WINNER for
By Elizabeth Alveo Miranda for
By Edilsa González Roca for
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Alberto Darío Gueva Marciaga became the first construction worker to die on the job in 2007. The 25 year-old fell from 25 feet while working as an assistant welder in a project in France Field near the Cuatro Altos overpass. Darío was diagnosed as being brain-dead and he passed away later in the evening of the day of the accident.
By Rafael E. Berrocal R. for
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Every now and then I run into someone who does a great job for a good price, is responsive and responsible. I just had Eduardo Cobas (6607-4843) do some plumbing work for me. He did an excellent job, on time and on target. He's working with Jorge (J.B.) Bloise (6618-4435) who is out of the country right now, working on a gig in the Bahamas or something. Anyway, these guys turned out to be the right fix, and are recommended for and little residential plumbing job you might need done. I had them extened a gas line, install a new on-demand hot water heater, fix some leaks, stuff like that. Cheap. Tell them "Mr. Don" sent you.
Panamanian President Martín Torrijos installed a new commission yesterday, tasked to verify the procedures for the approval of plans and permits for construction. The commission, formed by members of the Government and the construction sector, is tasked to promote construction in Panama, and to clarify Panama's national interests to Panamanian and International investors who are interested in investing in Panama. The Panamanian Institute of Architecture and Urbanism estimates that in the next five years more than $10 billion dollars will be invested in construction. 