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Insidecostarica.com - San José, Costa Rica - Wednesday 22  March  2006

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Banco Banex Being Investigated
The Juzgado Penal de Hacienda de San José lifted the "Secreto Bancario" - banking secrecy - on accounts held by Banco Banex and Oscar Rodríguez, who was manager of the bank until seven years ago when he took over as Superindente de Entidades Financieras  (SUGEF) - the country's banking regulator.
 

Work on the finishing the Juan Santamaría International airport terminal in San José continues at a steady pace.  One day, the terminal building will be finished and become a "real" airport to handle the increasing number of tourists to Costa Rica year. 1.6 million tourists are expected for 2006.
 


























Costa Rica Has The Highest Percentage of Immigrants in Latin America, Study Reveals
Costa Rica is the country in Latin America with the highest percentage of immigrants, which now represents 7.5% of the country's population, though in numbers it is relative low - 300.000 - compared to other Latin American countries.

Sponsors and Volunteers Needed for the Presidential Ceremony on May 8
Want to make history in Costa Rica and be part of the "traspaso de poderes" - transfer of powers - on May 8? Well, this may be your chance. Read on.

Two Months Preventive Detention For Two Youths Who Attacked Classmate
Violence in public school has become an important issue over the past week, following the attack of 12 year old Tatiana Jarquín Cortés by her classmates. Yesterday, the Juzgado Penal Juvenil de San José (San José juvenile court) ordered two of the four youths involved in the attack to two months of preventive detention (jail).

Monteverde Massacre Perpetrator Accepts Charges and Waives Trial For a Reduced Sentence
Erlyn Hurtado, the only living assailant of the Banco Nacional massacre last year in Monteverde, accepted the charges against him by the Fiscalía (prosecutor) in exchange for a reduced sentence.

Herbalife Opens Business in Costa Rica
Herbalife Ltd. has announced the opening of business in Costa Rica, its second Central American country and now the 62nd country where Herbalife products will be sold through the company's network of independent distributors.



Panama Returning Nica Slush Fund
Nicaraguan Attorney General Alberto Novoa said Panama will return to Nicaragua over 10 million dollars frozen in bank accounts of ex President Arnoldo Aleman.

Guatemalans against US Torture
Guatemalan thinkers called the US Wednesday the biggest human rights violator worldwide and demanded the closure of its torture and detention centers around the globe.

Cuba Baseball Win Aids Katrina Loss
In a welcoming ceremony for Cuban baseball players coming in second place at the World Baseball Classic (WBC), President Fidel Castro reiterated the island will donate the prize money to US victims of Hurricane Katrina.

Chile, Argentina: Peace not Hunger
Chilean President Michelle Bachelet is winding up this Wednesday her over 24-hour official visit to Buenos Aires, in which she has ratified along with her counterpart Nestor Kirchner strategic bilateral relations.

 

DEVELOPMENT:
Trouble Cooking Over Potatoes
Trouble is cooking over the move by Syngenta International to introduce a genetically modified form of potato.

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 Today's Exchange
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