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Insidecostarica.com - San José, Costa Rica - Friday 05  May  2006

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Arias Promises NOT To Sell Off ICE
In an open letter to employees, president-elect, Oscar Arias, promised not to private the state monopoly on telecommunications and electrical power, the Instituto Costarricense de Electricidad (ICE).
 
A small boat sails near the U.S. Coast Guard Gentian some 19 nautical miles south of Panama City, on Thursday. The U.S., Panama, Nicaragua, Honduras, Guatemala, Belize, Colombia, Costa Rica, and El Salvador are participating in a naval training exercise called Round Up, for sailors on Point Class ships who are guided by trainers on the US Coast Guard Gentian.  [AP Photo]

Change Could Soon See Gasoline Price Shopping At The Pumps
Costa Ricans are accustomed to buying the same gasoline at the same prices at any gasoline station in the country. The price of gasoline is set by the Refinadora Costarricense de Petroleo (RECOPE) with the approval of the Autoridad Reguladora de los Servicios Públicos (ARESEP) - government regulating agency.

Pacheco Gets Poor Marks On His Final Report Card
President Abel Pacheco is set to step down from the presidency in a few days, however, he has already received his report card from the Costa Rican public, who gave him a 5.3 grade average.

Global Crossing to Extend Core Network to Costa Rica
Global Crossing announced plans to extend its Pan American Crossing (PAC) system, which runs along the west coast of Central America from Panama to Los Angeles.

Costa Rica Expects to Reach World Cup Second Round
Costa Rica coach Alexandre Guimaraes said he believes his team would make into the second round of the World Cup finals in Germany.

Journalists To Jail For Slander, Constitutional Court Upholds Antiquated Law
A 104 year old law, article 7 of the Ley de imprenta, could see journalists behind bars for up to 100 days for slander, the Constitutional Court or Sala IV confirmed yesterday.



Venezuela ambassador leaves Lima amid escalating Venezuela-Peru tension
The already tense Venezuela-Peru relations worsened on Thursday, after Venezuela recalled its ambassador in Lima, four days after Peru withdrew its ambassador in Caracas amid an escalating war of words.

Mexico arrests 158 illegal Central American immigrants
Mexico's Immigration and Naturalization Service arrested 158 illegal Central American immigrants in the central state of Puebla on Thursday, police said.

Brazil's Petrobras to halt new investments in Bolivia
 Brazilian state-owned energy company Petroleo Brasileiro (Petrobras) will make no new investments in Bolivia and will not accept any change in the price of natural gas imports, the head of the company said on Wednesday.

Colombia arrests 16 drug-money laundering suspects
Colombia's secret service said on Tuesday that it had arrested 16 people charged with laundering drug money totaling at least 4 million U.S. dollars.

Nationalization is not expropriation: Bolivian president
Bolivian President Evo Morales said on Wednesday the nationalization of the natural gas sector was not confiscation or expropriation of foreign companies assets.


 

ENERGY:
Neighbours Recognise Bolivia's ‘Sovereign' Right to Nationalise Gas
The presidents of Argentina, Bolivia, Brazil and Venezuela confirmed their interest in moving together towards regional energy integration, in a summit held Thursday in the northeastern Argentine province of Misiones to discuss the impact of the Bolivian government's decision to reassert state control over the country's energy resources.
 

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 Today's Exchange
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 Source:  B.C.C.R.

 Today's Gasoline Prices:
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¢475  /litre
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¢453  /litre
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¢326  /litre
 
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