Archive for June 14th, 2006

Scotiabank agrees to purchase Corporación Interfin

Wednesday, June 14th, 2006

Special to A.M. Costa Rica
Scotiabank said Tuesday that it has agreed to buy Corporación Interfin for $293.5 million. Corporación Interfin is the parent of Banco Interfin, Costa Rica’s largest private bank.
Scotia will merge its existing facilties here with Interfin, resulting in a 13 per cent loan market share, it said. Subject to regulatory approval, the […]

New Internet cafe has signal that covers Cahuita

Wednesday, June 14th, 2006

By Annette Carter
Special to A.M. Costa Rica
After years of living in the dark ages, high speed Internet has finally come to the seaside village of Cahuita on Costa Rica’s Caribbean coast.  The community might be the first in Costa Rica to be  covered by what is called a wireless cloud.
Until now, Internet users have had […]

Arias says corporate rate will be just single digit

Wednesday, June 14th, 2006

By the A.M. Costa Rica staff  
President Óscar Arias Sánchez told Germans over the weekend that foreign firms soon would only have to pay a tax rate here in the single digits.
He was speaking in Munich at the Costa Rica Arena, an exposition area of the country’s products set up for the World Cup […]

New tax proposals coming ‘within a month’

Wednesday, June 14th, 2006

By the A.M. Costa Rica staff
Top ministers held a strategy session Monday to figure out how to get a new tax plan passed in the Asamblea Legislativa. A communique issued after the session said that the plan might go to the legislators within a month. Little is known about the contents of the […]