Boquete Panama, town centre. Boquete is a small town on the Caldera River, in the green mountain highlands of Panama, in western-most Chiriquí Province, about 60 km. from the border with Costa Rica. Because of its altitude, some 1,200 metres above sea level, its climate is cooler than that of the lowlands. Its scenic location, temperature, and natural environment make it extremely popular with Panamanians, and attracts tourists from all over the world.