Archive for the 'Costa Rica News' Category

Episcopal Conference Financial Dealings Probed

Thursday, May 15th, 2008

by Rod Hughes
The Catholic Church’s Episcopal Conference has been accused of shady financial dealings by the financial watchdog agency, Sugef. Sugef general superintendent Oscar Rodríguez told the courts that his agency’s investigation has turned up evidence of “illegal financial intermediation,” the daily La Nación reported Thursday. The conference […]

Soccer Notes: Liberia in Shopping Mode

Thursday, May 15th, 2008

by Rod Hughes
Look out, soccer clubs! Costa Rican entrepenuer and the Liberia First Division club’s owner, Nario Sotela,has his checkbook out and is shopping for players long before the final championship match. And his specific target seems to be Alajuela.
He has just signed Minor Díaz […]

Brujas Tromps UCR; To Play Saprissa

Thursday, May 15th, 2008

by Rod Hughes
Brujas of Escazú easily rolled over the University of Costa Rica side on its way to the semifinals of the Torneo del Verano, which is the 2008 half of the 2007-8 season. Brujas has no home pitch, since Escazú has no appropriate stadium, so all their matches are […]

Cell Phone Service on Highway Deteriorates

Wednesday, May 14th, 2008

<strong>by Rod Hughes</strong>
Want to call ahead for reservations in Panama as you drive south on the InterAmerican Highway from San Jose to Paso Canoas on the Costa Rica-Panama border? Better make your call before you leave San Jose, even if you have your cell phone with you.
[…]

Berrocal Predicts ‘Insurrection’ in Party

Wednesday, May 14th, 2008

by Rod Hughes
The testimony of former Public Security Minister Fernando Berrocal before a special Legislative Assembly committee probing FARC penetration into the political culture has hardly produced the dramatic revellations lawmakers sought. But Berrocal apparently wanted to extend his 15 minutes of fame yesterday.
The former […]

Colon Still Continues Fall But Trading Frenzy Abates

Wednesday, May 14th, 2008

by Rod Hughes
The value of the dollar against the colon continued its rise yesterday but the trading frenzy of Friday has calmed. Yesterday´s hike of 3.87 colones per dollar was only slightly higher than the Monday rise of 3.44 and much less than the sharp jump of 9.50 registered on […]

Colon Wildly Fluctuates to Foil Speculators

Tuesday, May 13th, 2008

by Rod Hughes
Internet money speculators are playing hob with the value of the colon. Late last year, Costa Rica raised the value of its colon against the dollar and for a time only about 487 of the local currency was needed to buy a dollar. Last week, it went up […]

Costa Rican Aerospace Consortium Inks Contract

Tuesday, May 13th, 2008

by Rod Hughes
It may not be any threat to Boeing yet, but a new consortium, Costa Rican Aerospace Alliance (Coraal), has signed a contract with Ad Astro Rockets to build a platform on which to test Dr. Franklin Chang’s plasma rocket engine, the daily La Nacion reported late last week.
[…]

Tico Companies Marketing Their Own Brands

Tuesday, May 13th, 2008

by Rod Hughes
We never thought we would ever see it, but Costa Rican companies are outsourcing in order to field their own brands even as the country woos foreign automotive parts firms to settle here. But the lure of cheap Asian labor is too good to resist.
[…]

UCR Awakes in Last 10 Minutes, Scares Brujas 3-2

Monday, May 12th, 2008

by Rod Hughes
Somebody should tell the Brujas soccer team that having magic is important but you’ve got to keep it up. (Brujas means “witches” in Spanish and is named after Escazu, the “city of witches” and the seat of this club’s franchise. A scrapping University of Costa Rica side gave […]