Friday 18 July 2008, San José, Costa Rica 

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The Instituto Costarricense de Electricidad (ICE) spent ¢12 million colones (us$22.000) on watches to give as presents to its veteran employees. However, the Ley Contra la Corrupción y el Enriquecimiento Ilícito en la Función Pública (law against corruption and illegal enrichment of public functionaries), has put a stop on the plan, forcing ICE to auction off the timepieces. [Foto: Oldemar Siles]

 
  Couple Escapes To An Exotic Life
Four years ago, just as the city's economic boom gained steam and sent house prices skyward, Dave Dolezsar and his wife Monica quit their lucrative oilpatch jobs, sold everything and left Calgary in search of paradise.
 
  Tax Sheltered Asset Protection and Appreciation in Paradise
Costa Rica has one of the most appealing investment environments in the world. One of the reasons being its tax system is much less complicated than the United States, Canada and Europe, offering great tax incentives for foreign investors, including tax free transactions. Such conditions, definitely contribute to Costa Rica's real estate market boom
 

 
Inside Tip:
Driving To And From Santa Ana On The Pista

With the commencement of the work on the new highway to Caldera, the Autopista Próspero Fernández, more commonly known as the highway to Santa Ana/Cuidad Colon, has become a true nightmare especially around the bridge before the Escazú exit, Multiplaza, Guachipelin and Santa Ana. Click here for more tips
 

Daily Ero-tica!

Bogotá, Colombia, A Modern and Vibrant City
Bogotá — officially named Bogotá, D.C. (D.C. for "Distrito Capital", which means "Capital District"), formerly called Santa Fe de Bogotá, is the capital city of Colombia, as well as the most populous city in the country, with 7,033,914 inhabitants (2007). Unofficially, the number of inhabitants is believed to be more like 10 million.
 
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COSTA RICA

Measures To Prohibit Importation of Old Vehicles Ready in Two Months
The government announced that the decree that sets the guidelines for the importation of used vehicles starting in 2009 will be ready in two months.

Finance Minister Says First Semester Surplus Ensures Government Can Meet Second Semester Obligations
The ministro de Hacienda, Guillermo Zúñiga, assured yesterday that the government has the funds to be able to meet its fixed costs for the second half of the year, as it ended the first half with a surplus of ¢128.466 million colones.

Legislative Assembly Discusses Food Plan
Costa Rica's Legislative assembly on Thursday started discussing the 2008 second extraordinary budget of ¢30 billion Colones (us$57.9 million dollars) which includes the money to finance the Food National Plan.

Exchange Rate Steady
For the first time in almost a week the dollar exchange rate remain level on Thursday following the intervention of the Banco Central de Costa Rica (BCCR) - Central Bank on Wednesday.

Authorities Promise A Safe "Romeria"
In two weeks the "romeria" - the annual pilgrimage to Cartago - begins and authorities are promising a tough hand to ensure the safety of "romeros" and little to no traffic congestion around the Basilica de los Angeles.

 

 
LATIN AMERICA

Nicaraguan Ruling Party Accuses U.S. of Funding Opposition
Nicaragua's ruling party, the Sandinista Front of National Liberation (FSLN), accused the United States on Thursday of funding opposition activities aimed at destabilizing the government.

Panama: Two Coalitions Run for President
The opposition in Panama split into two alliances for the May 3, 2009 presidential elections, says La Prensa daily, with deadline set on February 3, 2009.

Over 14,000 Guatemalans Expelled from US
The number of Guatemalans cast out so far this year from the US currently amounts to 14,036, resulting from toughened migratory laws and chasing of illegal people in that country.

France Offers To Mediate Resumption of Ecuador-Colombia Ties
The French government is willing to mediate in the resumption of diplomatic ties between Ecuador and Colombia, the French ambassador to Ecuador said Thursday.

Brazilian Teenager Confesses To 13 Murders
A teenaged boy has confessed to 13 murders in Brazil's southeastern state of Espirito Santo, the "Folha de Sao Paulo" newspaper reported Thursday.

SPECIAL REPORTS

RIGHTS-PERU:
Aprista Party Members Under Investigation for ’80s Crimes
The Peruvian justice system is to prosecute members of the governing American Popular Revolutionary Alliance (APRA, or Aprista Party) for creating the Rodrigo Franco Commandos (CRF), a paramilitary unit alleged to have murdered five people during the first administration of current President Alan García (1985- 1990).

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