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Costa Rica News - June 4, 2006

Phantom Fiber Opens Offices in Costa Rica

Phantom Fiber Corporation, based in Toronto, Canada, has expanded its operations with newly established offices in San José and New York City.

Phantom Fiber is widely regarded as the leading developer of wireless platform software in the gaming industry. Its new Costa Rican office is part of a broader corporate strategy to increase sales by advancing marketing efforts and providing operational support for Phantom Fiber's clients and partners in Costa Rica and throughout Latin America.

The Company's New York City office is expected to allow key management to have direct access to the United States media and investment community, as well as help build the Company's corporate profile. Here more...

Pineapple Exports Increased 50,1%

During the first four months of the year Costa Rica has exported a total of us$2.574 million in produce. This represents an increase of 15,3%.

This is explained by increased banana exports of 17,4% and by an increase of pineapple exports of 50,1% compared to the same period last year.

Bananas have been the second export product of the country, with 7,2% of total exports. Costa Rica exports bananas mainly to the US, Germany and the UK.

Pineapple exports amounted 5,3% of the total, with the US, The Netherlands, Belgium, Italy and Germany as major destinations.

Melon exports represented 3,1% of total exports.

Retirement Havens for the Intrepid
By ANDREA PETERSEN
The Associated Press

Add this to the gift list for new retirees: a Spanish-English dictionary. As legions of baby boomers prepare to retire and relocate to warmer climates, a widening range of Central American countries are vying to be their new home.

While places like Costa Rica, Mexico and Belize have long lured U.S. retirees with pristine beaches and cheap living, prices in those countries have risen sharply during recent years. As a result, a new breed of intrepid retirees is branching out to countries including Panama, Honduras and Nicaragua. These countries, in turn, are rolling out the welcome mat in an attempt to snare Americans' retirement dollars.

In Panama, the hilltop town of Boquete now has a population of about 300 American retirees. Dozens live in the new real-estate development, Valle Escondido, which has a nine-hole golf course, high-speed Internet access, and a 24-hour manned security gate. On the island of Roatan in Honduras, retirees have snapped up beachfront property and are taking advantage of "pensionado" visas that allow noncitizens to live in Honduras income-tax-free if they can prove they have income of $1,500 a month.

And while Nicaragua may conjure up images of civil war, real-estate agents are offering entire islands off the Caribbean coast for less than the cost of a condo in Florida. Read more...

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