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A New International Airport in Limon, Costa Rica?

A New International Airport in Limon, Costa Rica?

By Narayan Ammachchi International aviation infrastructure firm Mel Group has offered to finance construction of an international airport in Puerto Limon, a coastal town in Costa Rica home to about 60,000 people. The airport, which would be built in Saborio Matina, 25 kilometers ...

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Brazil Raises Taxes on Imports, Fuel and Credit

Brazil Raises Taxes on Imports, Fuel and Credit

By Narayan Ammachchi Brazil has raised taxes on fuel, imports and consumer loans as Latin America’s biggest economy battles to narrow budget deficits. According to new Finance Minister Joaquim Levy, the tax rise will raise government revenue by US$7.8 billion ...

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Digicel Acquires the Bermuda Telephone Company

Digicel Acquires the Bermuda Telephone Company

By Narayan Ammachchi Digicel has agreed to acquire the Bermuda Telephone Company (BTC) in an attempt to keep up with Cable and Wireless, who bought Caribbean’s dominant telecom capacity vendor Columbus International last November. Analysts say the acquisition also puts Digicel in direct ...

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Facebook Launches Free Internet Service in Colombia

Facebook Launches Free Internet Service in Colombia

By Narayan Ammachchi Social networking giant Facebook has launched its Internet.org app on the Tigo network in Colombia to provide free access to basic Internet services. The app will not allow users to browse all websites, but it will enable ...

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Tata Communications to Purchase Capacity from Seaborn Networks

Tata Communications to Purchase Capacity from Seaborn Networks

By Narayan Ammachchi Indian telecom operator Tata Communications has signed up for Seaborn Networks’ yet-to-be-built submarine cable network, agreeing to purchase telecom capacity in large scale. The deal, analysts say, will strengthen the hand of Tata Consultancy Services (TCS), easing ...

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US-Mexico International Railway Nears Completion

US-Mexico International Railway Nears Completion

By Narayan Ammachchi The West Rail Bypass Bridge that connects the Mexican city of Matamoros with Brownsville, Texas, will be opened to traffic in the next couple of months, according to Mexico’s transport and communications ministry. Billed as the first ...

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US Relaxes Travel and Trade Restrictions on Cuba

US Relaxes Travel and Trade Restrictions on Cuba

By Narayan Ammachchi As of Friday, Americans wanting to visit Cuba will no longer need to seek U.S. government permission. Upon reaching Cuba, they will be able to use their credit cards for the first time. And what’s more, American firms will ...

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