More

    INS will Invest $ 300 million in Panamanian Company to Expand in Central America

    Must Read

    Controversial Pipeline Expansion in Canada is Slowed by Eight Hummingbird Nests

    The Ministry of the Environment orders the cessation of work until August 20th so as not to put the nesting season at risk

    50 Things to Do in Costa Rica (Part 2)

    The Land of “Pura Vida” Awaits You

    An Earthquake Shakes The Capital Of Panama; No Damage Reported

    An earthquake of magnitude 5.0 shook the capital of Panama in the early hours of this Saturday and scared many of its inhabitants. No damage was immediately reported
    TCRN STAFFhttps://www.TheCostaRicaNews.com
    Creating a Conscious alternative news network that we feel the world needs. Pura Vida!

    The National Insurance Institute (INS) plans to buy a Panama company, to launch the re-positioning of the institution in Central America. This was announced by the CEO of INS, Guillermo Constenla, stating that $ 300 million is slated for investment.

    Constenla said that, “The INS has assets of $ 1,050 million. The INS can easily invest $ 1.867 million and has invested here in Costa Rica in the largest banks.”

    The manager reported that the process started since 2007, but the procedures have become quite drawn out.

    Constenla said that despite the delay in the proceedings and the potential loss of opportunities, the project continued.

    Constenla preferred to keep the name of the company which will acquire the INS secret, to avoid interference with ongoing negotiations. “The people that we have been asked negotiate confidentiality because when you feed the rumor that you will buy the U.S. company AIG, then the market shares of AIG start moving by speculation, begin to grow,”

    The Costa Rica News (TCRN)
    San Jose Costa Rica

    - Advertisement -
    - Advertisement -

    Latest News

    Controversial Pipeline Expansion in Canada is Slowed by Eight Hummingbird Nests

    The Ministry of the Environment orders the cessation of work until August 20th so as not to put the nesting season at risk
    - Advertisement -

    More Articles Like This

    - Advertisement -
    Language »