Archive for March, 2009
Posted on March 30th, 2009 by admin
HONG KONG — Exiled former Thai Prime Minister Thaksin Shinawatra says he’s short on money after the government froze most of his vast fortune.
Thaksin shed light on his life in exile Thursday while speaking in Dubai to news media in Hong Kong via video conference.
The ousted leader says he has just enough money to support [...]
Posted on March 30th, 2009 by admin
On Your Future Now we round up the best deals and showcase the finest developments in an intensive, full-throttle 3-day tour across the country. We’ve run the numbers, done the math, interviewed and ranked property developments across the country against 7 Opportunity Factors. We’ve ensured that the tour only showcases market leaders with strong brands, [...]
Posted on March 30th, 2009 by admin
By Tim Rogers
Nica Times Staff | trogers@ticotimes.net
TOLA – Nicaragua’s Pacific coastline has all the natural ingredients needed for a golf boom: there are large swaths of unused land that have been cleared by generations of cattle raising, abundant supplies of fresh water and rain, year-round sun and tropical weather, and stunning ocean views.
Look Out Below!: The panoramic [...]
Posted on March 26th, 2009 by admin
More than 2,500 international investors lost $100 million in a Canadian Ponzi scheme in the Dominican Republic.
BY CHRONICLE STAFF
Not all is sunny in paradise. A father-son team of Canadian businessmen are charged with a Ponzi-type real estate scheme in the Dominican Republic, embezzling more than 2,500 foreign investors of $100 million, according to Miami lawsuit documents quoted by Dominican [...]
Posted on March 24th, 2009 by admin
MANAGUA – The Nicaraguan government and Brazilian construction company Andrade Gutierrez have signed an agreement for financial and technical studies to be conducted on the Brito hydroelectric project, officials said Friday.
The technical studies will allow the partners to determine investment and financing costs for a project that is expected to generate 250 MW of electricity [...]
Posted on March 24th, 2009 by admin
According to InsideCostaRica.com, Canada has promised nearly US$400,000 to the Humanitarian Demining Program in Nicaragua. This donation will be given to Nicaragua through OAS-AICMA (the Organization of American States’ Program for Comprehensive Action against Anti-personnel Mines) to help the country fulfil its obligations as a member country of the Ottawa Convention.
The Demining Plan
Nicaragua has been [...]
Posted on March 20th, 2009 by admin
Grupo Jurídico Centroamericano has concluded a membership agreement with leading international association of independent professional firms MSI Global Alliance, enabling both organisations to broaden their geographic legal service capabilities. All five of the network’s commercial law firms have decided to become full members of MSI Global Alliance and the agreement enables each firm to represent [...]
Posted on March 18th, 2009 by admin
(EDGAR Online via COMTEX) — ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.
This section of this quarterly report includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like: “believe”, “expect”, “estimate”, “anticipate”, “intend”, “project” and similar [...]
Posted on March 18th, 2009 by admin
Nicaragua Looks at Renewable Energy
Managua, Man 18 (Prensa Latina) The 13th Regional Forum on renewable energy in isolated rural Central American sites starts Wednesday here, to boost and take advantage of the potential existing in the area.
The meeting, to be run until March 20, will analyze several aspects on sustainable development and renewable energies, especially [...]
Posted on March 18th, 2009 by admin
The Iranian ambassador to Nicaragua has revealed that Tehran will invest in the Latin American country’s energy and agriculture sectors.
The investment in Nicaragua will include the construction of a dam and a hydroelectric power station.
The Iranian investment in the country’s energy sector could pass $200 million, said Iranian ambassador Akbar Esmaeil-Pour.
Talks between the two countries, [...]
Posted on March 18th, 2009 by admin
The Right Side | By Bill Bonner
San Jose de los Perros, Nicaragua.
Stocks fell 250 points, on the Dow, yesterday. Only 2,100 more to go.
The Dow ended yesterday’s trading at 7,114. Before this correction is over, it will trade below 5,000. That has been our prediction for the last 10 years. Maybe we were a little early. But [...]
Posted on March 18th, 2009 by admin
MANAGUA, March 5 (Reuters) – Nicaragua signed a contract with U.S. company Infinity Energy Resources (IFNY.PK) on Thursday to explore for oil off the country’s Caribbean coast after overcoming legal objections from regional indigenous groups.
The Texas-based company will invest $30 million in exploration projects at two different sites in the poor Central American nation which [...]
Posted on March 17th, 2009 by admin
US Delays $64 Million in Aid to Nicaragua
Due to concerns over the fairness of Nicaragua’s elections, the US has just announced that it will keep on delaying the promised development aid of $64 million. The US Ambassador to Nicaragua, Robert Callahan, has even said that this aid could be canceled if the situation is not [...]
Posted on March 10th, 2009 by admin
The latest news from Nicaragua is that 1,540 hectares of forest were destroyed by fire, just last week, in the area around Pilas de Hoyo Hill and Cosiguina Volcano, in the western part of Nicaragua.
The blazes were fought by local residents, who have formed “communitarian brigades” to deal with such emergencies, and also three trucks [...]
Posted on March 3rd, 2009 by admin
The historic and cultural city of Granada in Nicaragua has just been the setting of the Fifth International Poetry Festival, entitled “Poetry is the Consciousness of the Earth”.
This cultural festival was a meeting of over 130 poets from 54 different countries around the world, including Iraq and Uganda, and was a celebration of the spoken [...]