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Costa Rica installs coastal radar to monitor drug smuggling

San Jose, Apr 10 (EFE).- President Laura Chinchilla inaugurated on Thursday a radar station on Costa Rica's Pacific coast that will be a tool in the country's fight against drug trafficking and illegal fishing. The radar, which has a range of 50 nautical miles, is located in Puerto Caldera. Chinchilla said that during her four-year term as president, which will conclude on May 8, she has made security a priority, adding that her administration had made "the greatest investments to improve the monitoring and protection of our citizens and our territory by land, sea and air."

Intel to close plant in Costa Rica

San Jose, Apr 9 (EFE).- In a major blow to the economy of the Costa Rica, tech giant Intel said it is closing its microprocessor assembly plant there, a move that means 1,500 workers will lose their jobs. "After extensive analysis, the company concluded the best long-term solution to maximize operational efficiency at the global level was to close its assembly and testing plant," Intel said in a statement in Spanish.

Intel closes Costa Rica operation, cuts 1,500 jobs

SAN FRANCISCO (Reuters) - Chipmaker Intel, struggling with a shrinking personal computer market, is shutting its assembly and test operation in Costa Rica and eliminating 1,500 jobs, a spokesman said on Tuesday. "It's being closed and consolidated into our other operations throughout the world," spokesman Chuck Mulloy said of the assembly/test operations in Costa Rica. Intel will continue to employ around 1,000 people in Costa Rica, Mulloy said. (Reporting by Noel Randewich; Editing by Leslie Adler)

Bank of America shuts down in Costa Rica, lays off 1,400

Bank of America announced Tuesday it was shutting down its operations in Costa Rica, where it employed 1,400 people in a technological unit. The company said in a statement the closure of its center in the Central American country would take place over the next nine to 12 months, in order for it to concentrate its activities in other countries. mas/nss/mdl

Costa Rica's next president wants narrower currency band

By Alexandra Alper SAN JOSE (Reuters) - Costa Rica's president-elect wants to see the national currency trade in a narrower band to avoid volatility that has sent it on a roller coaster ride over the last few months, the center-left former diplomat said. Costa Rica's colon, which trades in a band set by the central bank that is currently between around 500 and 825 colones per dollar, is down 9 percent this year, after firming in December.

Bank of America shuts down in Costa Rica, lays off 1,400

Bank of America announced Tuesday it was shutting down its operations in Costa Rica, where it employed 1,400 people in a technological unit. The company said in a statement the closure of its center in the Central American country would take place over the next nine to 12 months, in order for it to concentrate its activities in other countries. "As a result of constant reviews (of operations) we will close our technology and operations sites in San Jose de Costa Rica," the bank said in a statement.

Bank of America shuts down in Costa Rica, lays off 1,400

Bank of America announced Tuesday it was shutting down its operations in Costa Rica, where it employed 1,400 people in a technological unit. The company said in a statement the closure of its center in the Central American country would take place over the next nine to 12 months, in order for it to concentrate its activities in other countries. "As a result of constant reviews (of operations) we will close our technology and operations sites in San Jose de Costa Rica," the bank said in a statement.

Intel lays off of 1,500 employees in Costa Rica

US microchip giant Intel announced Tuesday it was reducing its assembly and testing operations in Costa Rica and will lay off 1,500 employees. The move was a major blow to the economy of the Central American country, where 2,700 people were employed at an assembly plant set up in 1998. "We are going to phase our our manufacturing operations in Costa Rica over the next six months. It is assembly test manufacturing. It will result in the loss of about 1,500 jobs," Intel spokesman Chuck Mulloy told AFP.

Intel lays off of 1,500 employees in Costa Rica

US microchip giant Intel announced Tuesday it was reducing its assembly and testing operations in Costa Rica and will lay off 1,500 employees. The move was a major blow to the economy of the Central American country, where 2,700 people were employed at an assembly plant installed in 1998. "After extensive analysis, the company concluded the best long-term solution to maximize the operational efficiency at the global level was to close its assembly and testing plant," Intel said in a statement in Spanish.

Costa Rican president-elect to present plans for new era

President-elect Luis Guillermo Solis, whose landslide victory crushed Costa Rica's traditional two-party system, faced huge expectations Monday as he readied a new government reflecting his promise of change. With a record of more than 1.3 million votes, or 78 percent of the ballots cast in Sunday's run-off election, the 55-year-old became the first third-party candidate in more than half a century to win the top post.
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