Marcela Guerrero, legislator from the party Acción Ciudadana (PAC), demanded the swift approval of bills aiming to fight money laundering, including casinos’ regulation. The request was made following the investigation of the alleged tax evasion case linked to Panamanian law firm Mossack Fonseca, which is connected to Costa Rican businessmen and politicians. According to Guerrero, […]
Archives for June 20, 2016
Shelter seeks help to care for and return animals to the wild
Refugio Herpetológico was founded in Santa Ana 13 years ago by a very young biologist, Rodolfo Vargas, who took up a difficult and expensive challenge: to rescue and rehabilitate wild animals and then release them in their natural habitat. Today, an average of 700 animals (monkeys, birds, snakes, turtles, lizards, leopards…) from all over the […]
Brexit’s possible impact on Costa Rica
On June, 23th, the UK will decide whether or not to leave the European Union. This process is known as Brexit (British Exit). Although it may seem somewhat distant, this decision may have direct consequences on Costa Rica. According to the economist Thelmo Vargas, if the UK left the EU, dynamism will be lost and […]
Business closures will drain $140 million from banks
According to Francisco Ovares, president of the Institute of Chartered Accountants, the red figures in the financial statements of some companies could lower banks’ profits in $ 140 million. Ovares said the issue has been analyzed by the Superintendent of Financial Institutions (SUGEF) and used Yanber and Coopeaserrí as examples of companies that face financial […]
Rising trend of raw materials’ prices threatens Costa Rica
The rising trend of raw materials’ international prices threatens the production costs for Costa Rican companies that produce chicken, eggs, pork and milk. These markets are facing volatility. Some of the prices fell last week, but the first half of 2016 has seen a generally upward trend: the cost of corn production rose 13%, and […]