China lending Venezuela $5 billion to produce more oil
China will lend Venezuela’s government $5 billion to help the South American country produce more oil. Venezuela is seeking to ramp up production in coming months to offset steep losses…
Costa Rica motorists to get some relief as gasoline, diesel prices fall on Thursday
Motorists in Costa Rica will receive some relief at the pump beginning on Thursday.The price of premium gasoline (“super”) will fall ¢44 per liter from ¢679/liter ($4.80/gal)* to ¢635/liter…
VAT would mean higher electric, water, and rent bills for many in Costa Rica
A controversial new Value-Added Tax (VAT) being pushed by the Solis administration would mean higher electric, water, and rental payments for many in Costa Rica, should the reform package be…
Air Panama announces schedule, pricing from $99 for San Jose-Bocas del Toro
Air Panama will begin offering flights between San Jose, Costa Rica and one of Panama’s most popular tourist destinations, Bocas del Toro beginning on October 1st, with pricing beginning…
Oil falls below $49 a barrel amid China concerns
The price of oil fell below $49 a barrel Monday amid continued concerns over China’s economy faltering. Oil had its largest two-day rally in six years last week, but overall…
Costa Rica consumer confidence takes biggest quarterly nosedive in 14 years
Consumer confidence in Costa Rica has taken the biggest quarterly nosedive seen in 14 years, falling 8.3 points since May of this year alone, and 18.2 points since May of…
Panama Canal suspends planned draft restriction due to recent rains
The agency that operates and manages the Panama Canal said Friday it has suspended a planned draft restriction that was scheduled to go into effect early next month, citing a…
Global market volatility making investors uneasy
After Chinese market volatility killed the momentum of a rally spurred by optimism about U.S. economic growth, U.S. stock futures and European shares fell Friday, the Wall Street Journal reported.…
