The Spaniard arrested in Liberia on Thursday was apprehended in 2007 in his country on suspicion of money laundering offenses. The subject, named Arceiz Sánchez, maintained repeated collisions with Spanish authorities during the last decade. Arceiz, along with his brothers, served as owner of Walthon Weir Pacific, a controversial valve company based in Zaragoza. However, […]
Archives for May 29, 2017
Exchange rate dropped ¢6 on Monday
On Monday, the dollar’s exchange rate dropped between ¢3 and ¢6 in the windows of commercial banks in the country. In the wholesale market, the reduction was ¢3.98. The dollar’s early afternoon trading was between ¢582 and ¢584.50. This is the third consecutive close to the fall since the Central Bank increased the Monetary Policy […]
This was San Pedro on Monday
Once again, the vicinity of the Hispanidad roundabout in San Pedro was flooded. As a result of the heavy rains on Monday afternoon, the sector collapsed due to the level of water that overflowed the sewers. In addition, the Fire Department took care of a couple of emergencies due to rainfall. In Guadelupe and San […]
Business sector prefers Bancrédito to be absorbed
The country’s business sector, grouped in the Costa Rican Union of Chambers and Associations of Private Enterprise (UCCAEP), would prefer that Banco Crédito Agrícola de Cartago (Bancrédito) be absorbed by another state-owned bank. The group also said it supports the government’s decision to stop financial intermediation operations (deposits and loans) at the bank. These are […]
Bancrédito’s clients already withdrew ¢7.8 billion and $5 million
Clients of the Banco Crédito Agricola de Cartago (Bancrédito) withdrew a total of ¢7.8 billion and $5 million in the first 72 hours after the entity announced that it had ceased financial intermediation. These figures are equivalent to 8.8% of its collection portfolio in colones and 4.5% of the portfolio in dollars. The minister of […]
Conflict after Panamanian sergeant crossed the border
A sergeant from the National Border Service of Panama crossed the border without authorization and was arrested by force by officers of the Public Force in Paso Canoas. The subject’s name is Guevara and, apparently, he was close to a Costa Rican business. The case was confirmed by the authorities of the Public Force. “This […]