Offices in Panama

Office rent is urged to 40%

ROBERTO GONZALEZ JIMENEZ
Rgjimenez@prensa.com

According to a report published by the promoter CB Richard Ellis, the rent for Class A office reached in the third quarter of 2007, 18.94 dollars per square meter, 40% more than in 2006.

Class A offices have high standards of quality are located in exclusive areas, have an area of at least 300 square meters and incorporate the latest technology. The rental price of all kinds of offices has risen to 11.55 dollars per square metre, 5% more than last year. The office market shows a very dynamic and proof of this is that the unemployment rate for Class A offices has increased from 35% in 2006 to 2.34% in the third quarter of 2007, according to the study.

This means that the new spaces have been absorbed almost entirely. For Ramon Roux, managing director of CB Richard Ellis Panama, "this is a sign that we need offices in the medium and long term." The selling price of the offices has also increased in the past year. In 2006 paid 2 thousand dollars per square metre at the offices of Class A, while in 2007 the square meter has risen 2 to 267 thousand dollars.

Gold moves and the dollar fall

LONDON, ENGLAND
REUTERS

Gold rose sharply in Europe on Friday, before the advance of oil, the decline of the dollar and fears by geopolitical risks in Pakistan and northern Iraq. But platinum fell from a peak which marked on the eve of the one making gains. The metal has gained nearly 40% this year.

The spot gold advanced to $ 832.20/833.00 ounce at 12:37 GMT, compared with $ 824.70/825.50 registered at the close of the U.S. market on Thursday. "For now, resistance at the level of 830 US dollars appears to be slowing to gold," said James Moore, analyst at TheBullionDesk.com precious metals. "Anyway, as the dollar faced pressure and are being violent protests in Pakistan, it is likely that the demand for gold recorded more attractive to investors for their safe haven and potentially advance to defy its peak this year," he explained.

Gold, which is usually seen as an asset of refuge, on Thursday reached a maximum of one month's $ 831.20 ounce after the murder of Pakistani opposition leader Benazir Bhutto. In November, the gilded metal marked up to 28 years of $ 845.40 ounce.

New flights to David

AVIATION. The Civil Aviation Authority said that the airline SANSA SA, of Grupo TACA, will make direct flights to the city of David, Chiriqui province, from the city of San Jose, Costa Rica. It is estimated that as of February 18, 2008 the company begins operations.