Panama Canal Authority denies payment delays behind expansion postponement
The Panama Canal Authority, or ACP, said Monday it was up-to-date with its payments to the consortium building a third set of locks for the inter-oceanic waterway, the centerpiece of…
Costa Rica attracts record number of US tourists in 2015
For the first time, Costa Rica recorded the entry of the one-millionth tourist in a single year from the United States in a new milestone.…
Inauguration of expanded Panama Canal to be delayed, administrator says
The inauguration of an expanded Panama Canal, previously scheduled for April, will be postponed due to cracks detected in the new set of locks that are the centerpiece of the…
WTO in groundbreaking accord to eliminate agricultural subsidies
The World Trade Organization, or WTO, reached a groundbreaking accord Saturday which obliges developed countries to eliminate subsidies for their agricultural exports as requested by the least developed nations to…
BCIE approves US $287 million in financing for Costa Rica infrastructure projects
A meeting between Costa Rica president, Luis Guillermo Solis and representatives of the Central American Bank for Economic Integration (BCIE) Thursday afternoon concluded with the approval of US $287 million…
Food industry denounces request to increase propane price by 72 percent
The Costa Rican Chamber of Food Industry (CACIA) denounced this week a request being considering by regulator ARESEP to increase the price of liquefied petroleum gas (LPG) (commonly known as…
ECLAC: Latin America will contract 0.4 pct. in 2015, grow 0.2 pct. next year
The Economic Commission for Latin America and the Caribbean projected Thursday that the region would contract by 0.4 percent this year and recover slowly in 2016 with 0.2 percent growth.…
Argentine peso plummets 26.5 percent after controls lifted
Argentina's peso plunged more than 26.5 percent on Thursday, after the country's new government floated the currency as part of a slew of free-market reforms aimed at revitalizing the stagnant…
