Although the number of cell phone lines increased by 1.2 million between 2012 to 2013, total market share held by the national telecom ICE declined. According to statistics from Sutel, the telecom regulator, in 2012, 79 percent of the market belonged to ICE, 9 percent Claro, 7 percent Movistar, 3 percent Tuyo Mobile, and 2 […]
Archives for March 2014
Central Bank changes rules for currency intervention
On Wednesday evening, the central bank announced an expansion in its rules for managing the Foreign Currency Market (Monex), allowing for interventions to correct long term fluctuations of exchange rates. According to Rodrigo Bolaños, President of the Central Bank the change will prevent a “snowball effect” when exchange rates slides consistently in one direction. He added […]
Art City Tour celebrates five seasons of free cultural tours
2014 is the fifth season of Art City Tour, which opens museums, art galleries, theaters and cultural spaces in San Jose to the public, free of charge. To date the tour has admitted 30,148 people since its first night on February 24, 2010. Expenses for the free event are $7,500 per night in expenses, and […]
Ticos carriers pay private security to transport goods through Central America
Insecurity for trucking companies in Central America is a problem, and carriers are traveling less at night and using armed escorts to counter robberies. In Costa Rica, the most dangerous route is the Route 32 highway between San Jose and the port of Limon. Throughout the isthmus, Guatemala and El Salvador are the most dangerous […]
Currency sales to curb rising Dollar total $299 million
Sales of dollars by the central bank to halt the decline of the colon has reached $299.4 million, following injections of $7.4 million on Tuesday and $41.8 million on Monday. Central bank reserves stand at $7.1 billion. Sales of dollars remove colones from circulation and put upward pressure on interest rates in that currency. According […]
A study of wasps in Guanacaste, is published by National Geographic
National Geographic, this week released a report on the investigation of parasitic wasps in the Guanacaste region of Costa Rica. Researchers in the United States, Costa Rica and Canada, led by Daniel Jansen and his wife Winnie Hallwachs, found nearly 200 new species of wasps in the Guanacaste Conservation Area (ACG), increasing the number of […]