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Costa Rican On-Line News Paper alerting
the IRS?
A local Costa Rican news service has
transmitted a request for involvement to the
Investigative Reporters and Editors, Inc., (IRE)
regarding the closure of several high yield lending
institutions. The message sent to IRE last Saturday
by the editor of AM Costa Rica refers to a "developing
story" regarding an amount that exceeds one billion
dollars and specifically names Louis Enrique Villalobos
Camacho and Luis Milanes. 13 Jan 03 ·
ANOTHER
RAID
Last Friday, January 10th, agents of
the Immigration Department with the assistance of the
police force, conducted yet another raid in San Jose.
This time the target was "El Pueblo", the Tourist
Entertainment Center. This action comes on the heels of
a series of raids that started in San Jose, then
progressed to the Pacific Coastal Resort town of Jaco,
continued down the coast to Quepos and reached up the
hill last week into the town of Manuel Antonio.
13 Jan 03
·
Costa Rica also to issue
debt in dollars!
With
major Latin American bond markets looking volatile in
2003 and markets hungry for higher yields, debt from the
small nations of Central America could catch the eye of
investors. 14 Jan 03 ·
Free Trade Agreement
warrants conditions
President Abel Pacheco, in his weekly
radio address yesterday, said that he will not
allow his country to be put at a disadvantage as a
result of negotiations concerning the Free Trade
Agreement. 14 Jan 03 ·
One way tickets home
as raids continue!
As a
result of last weekend's raids, during which a number of
undocumented foreigners was arrested, preparations are
being made to deport many of them to their country of
origin. 15 Jan 03 ·
Traffic deaths on the
rise!
Unfortunately, Costa Rica is following in the
footsteps of other developed and "civilized" nations.
Just like overseas, the amount of deaths as a result of
traffic accidents is increasing. The number of victims
of violence is on the rise as well.
15 Jan 03
· Investors' use of
Internet remarkable!
In the
wake of the closure and the re-location of a number of
private financial operations recently, the investors
left behind have almost all turned to the Internet for
information, support and the latest in developments.
They also use it to exchange information with fellow
investors and find that this sharing gives them hope,
comfort and a way to blow of some
steam. 15 Jan 03
·
First bank robbery of the
year!
The Banco Elca branch in Barrio Amon was the
first bank to be robbed this year of what promises to be
the first of many. 16 Jan 03
·
IRS News worries some
Investors
Because of an article that appeared in another
on-line news publication, the newsroom at Inside Costa
Rica has been bombarded by e-mails and phone calls from
concerned readers who have investments with a number of
financial businesses in San Jose. 16 Jan 03 ·
Erick Greenwood
dead
A former
Central American Swimming champion was found dead
yesterday morning at 1 AM, in San Rafael de
Heredia. 16 Jan 03 · Show me the
money!!!
Late yesterday, A Colombian national was arrested
at the border between Costa Rica and Panama on charges
of transporting counterfeit money. 17 Jan 03 · Deportation of War
Criminal Nearing
Bohdan
Koziy, believed to have been a member of the SS during
World War II, may finally be deported after arriving
here in 1982. 17 Jan 03 · Recent suicides not
entirely related to Financial Troubles
The recent suicides of two persons this week may
after all not solely related to the
financial troubles that each victim endured.
18 Jan
03 · President still calls
them "fools"
President
Abel Pacheco, who was quoted in the Wall Street Journal
recently as calling investors in various Costa Rican
financial enterprises "fools", confirmed Thursday
that he has not changed his mind about this
matter. 18 Jan 03
· RACSA claims it's doing
very well!
Because nobody else
will, RACSA yesterday rated itself, and it determined a
self-appointed score based on the service that it
provides as the country's lone Internet Service
Provider.
18 Jan
03 ·
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