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Insidecostarica.com - San José, Costa Rica -  Tuesday 29  August 2006

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Higher Traffic Fines Could Lead To More Corruption, Critics Fear
As the Ministerio de Obras Públicas y Transportes (MOPT) announced last week, traffic fines will see an increase anywhere from 100% to more than 300%, as the traffic authority prepares to present a bill in the Legislature to update the fined that have been in place for more than 10 years.
 

Children play baseball in Barranco Adentro, Panama, Monday, while US reservists and Panamanian Health Ministry workers are participating in a Medical Readiness Training Exercise in Barranco Adentro to assist different indigenous communities along the border with Costa Rica. [AP Photo/Arnulfo Franco]

Gasoline Prices Drop Tomorrow
Whatever you do today, do not fill your gasoline tank, because at the stroke of midnight, the price of gasoline drops by as much as ¢20 colones a litre.

Emergency Commission Maintains "Green" Alert
Although the Instituto Meteorológico Nacional (IMN) - the weatherman - assures that Tropical Storm Ernesto is diminishing, the Comisión Nacional de Prevención de Riesgos y Atención de Emergencias (CNE) is preferring to keep a "green" alert.

ADL Urges Costa Rica to Reverse Decision Moving Embassy
Deeply distressed at announcements by Costa Rica and El Salvador, that both intend to move their embassies in Israel to Tel Aviv, the Anti-Defamation League (ADL) today called on the leaders of both nations to reverse their decisions and maintain their official diplomatic offices in the capital city of Jerusalem.

Celebrity Poker Showdown in Costa Rica Ends
BetCRIS.com – the recognized leader in the online gaming industry for over 21 years – and America’s Card Room sponsored the WPS Summer Poker Showdown in Costa Rica, August 18th to August 27th.



Honduras to Sell Oil Firm
Henry Arevalo, executive president of the Honduran oil company Distribuidora e Importadora de Petroleos (DIPPSA), confirmed Monday the venture will be shortly sold for $100 million.

US War Games in Panama
With the participation of over twenty ships and warplanes, the controversial US-led military training Panamax 2006 is still underway in Panama.

Cuba Welcomes Trade with New Mexico
Pedro Alvarez, president of Cuban Food Import Company (ALIMPORT), described as very positive and successful the recent signing of a letter of intent with Navajo farm businesspeople from the US state of New Mexico.

Latin America, Europe to Strengthen Ties
Latin American Parliament General Secretary Rafael Correa highlighted the importance of a projected meeting among South American and European parliamentarians intended to analyze issues of common interest.

Ernesto Hits Cuba
Cuba's eastern zone is the first touched by the eye of tropical storm Ernesto, which, although weakened in the last few hours, brings extensive areas of rain.



TRADE-COSTA RICA:
Companies Eye Pull-Outs if CAFTA Flounders
Weary of the snail's pace ratification process of the Central American Free Trade Agreement (CAFTA), which continues to dominate Costa Rica's political and social agenda, some companies are weighing the idea of moving to other Central American countries should Congress reject the treaty.

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 Today's Exchange
 Rate: US$1/Colones: 

 Buy:  ¢516.71
 Sell:   ¢519.00
 
Prime Rate: 8.25%
 Source:
 B.C.C.R.

 Today's Gasoline Prices:
Super:    ¢597  /litre
Regular:
¢573  /litre  Diesel:   ¢383  /litre
 
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