All of you will have to excuse me as I am going out of town early tomorrow morning for a week to attend the party in Sosua and sightseeing. Everybody behave and I'll talk to all next week.
Rick
Rick
aegap said:President Fernandez announces Taiwan FTA
President Leonel Fernandez and President Chen Sui-bian of Taiwan have made progress in talks aimed at working towards a free trade agreement in 2007. The plan is to seek to establish a strategic economic and trade alliance that would allow for an increase in Dominican exports and a channel for Taiwan to penetrate the United States market. The Dominican Republic has a highly negative trade balance with Taiwan.
Taiwan has launched a "Co Prosperity" program in which it has allocated US$250 million for creating a fund that will benefit Taiwanese industrialists who invest in the Dominican Republic and Central American countries with which it is discussing individual free trade agreements. The fund would allow the Taiwanese government to stimulate its industrialists with a participation of up to 49 percent in their proposed investment projects of up to US$100 million in the participating countries.
During his visit to Taipei, President Fernandez agreed to support Taiwan's aspirations to become a member of multilateral organizations with full rights, including the United Nations. The Presidency reported that Shui-bian and Fernandez signed a note committing both nations to work towards consolidating democracy and better living conditions for their citizens.
President Fernandez also announced that Taiwan had pledged to donate US$50 million to the Santo Domingo Cyber park to be used for new buildings, technology services and the construction of a technology museum, as reported by the Presidency. Diario Libre reports that the resources would be invested in the creation of four centers specializing in research in the fields of biomedicine, biopharmaceuticals, nutritional biotechnology and cybernetic security, and the acquisition of land for the cyber park's expansion. Disbursement of the funds will begin this month with a US$20 million contribution.
rtejeda said:The Far East nations, primarily China, are targeting the cheaper natural resources of Latin America. Those 50 millions and the other 250 millions are Taiwan's budgetary allocations for investment into Latin America to get a pathway to penetrate the USA's market and for an incentives to their industries to invest in Latin America.
President, Chen Sui Bian of Taiwan Free Trade agreement with Latin nations is to geographically get Taiwan goods closer to the USA's market.
Just out of curiosity, can you tell me what are those exports that DR will sale to Taiwan?
L.F. paid vacation, justify by the sale presentation will remain as a vacation paid by the Dominican tax payers pending positive materialized results.
By-the-way, L.F. is just competing for those moneys mentioned above. However, without being too pesimist, I really hope we (DR) can get some of that money and create some desperately needed jobs for the Dominican's lacking labor market. I see you're reading DR1's news, don't believe everything you read! :surprised
Businesspeople from the Taiwan Textile Federation are interested in installing textile factories in alliance with textile industrialists in Santiago, as a way to take advantage of the access to the US market that will be achieved through DR-CAFTA. Businessman Angel Rosario celebrated the offer and stressed that this would considerably reduce the cost of Dominican apparel and improve the competitiveness of DR exports.
This intention was aired during a meeting between the businesspeople and President Leonel Fernandez, who praised the responsibility and firmness with which his colleague President Chen Shui-bian is directing Taiwan, a people he defined as worthy of the admiration of Dominicans.
President Leonel Fernandez continues to push for more investment in the Dominican Republic, and is making the most of his stay in California to meet with key business leaders, such as Sergey Brin and Larry Page, the owners of Google.com. Fernandez is trying to get people like Brin and Page to invest in technology in the Dominican Republic's Cyberpark located near Boca Chica. The two founders of Google expressed their support to projects underway to encourage young entrepreneurs to enter into high tech areas (1), according to the Presidency press office. Brin and Page offered Fernandez to help the Dominican government in the area of Internet communications, utilizing the platform used by the US government. The Google heads also offered to participate in the development of virtual communities with expatriate Dominicans. Through google.org, they offered to assist the government in social projects, as reported in El Caribe.
Fernandez then met with the chief executives of Nanosolar (1) (2), who also promised the Dominican President their assistance in the development of new technologies for renewable energy. The Cyberpark (1)will participate in an innovative solar energy project that will use new materials manufactured by Nanosolar to reduce the cost of solar energy installations by 50 or 60%. In Silicon Valley, President Fernandez met with Martin Roscheisen and Brian Sager of Nanosolar. As reported in Diario Libre, President Fernandez expressed his interest that the company in the future may manufacture these materials in the DR for export to the East Coast of the US, the Caribbean and Latin America.
President Fernandez also took time to meet with leaders in the film industry in California and offered his support for the continued production of films in the DR. He attended a dinner in his honor offered by Brad Ratner of X-Men-fame in Beverly Hills and a meeting with Todd McFarlane, of The Incredible Man and Spiderman-fame.
He also met with the Department of Water and Energy of Los Angeles and LA Mayor Antonio Villaraigosa and requested support for a program to reduce losses, increase service collections and installation of prepaid meters in the DR, as reported in Hoy.
In LA, President Leonel Fernandez also pitched the symbolic first ball prior to a Pittsburgh Pirates vs. LA Dodgers game.
Taiwan backs new Santo Domingo cyberpark
El Siglo news correspondent in Taiwan, Victor Manuel Tejada reports that President Leonel Fernández obtained another objective of his three-day visit to Taiwan, securing the commitment of the Taiwanese government to invest US$10 million in the construction of the cyberpark the government plans to start building in October in Punta Caucedo. The park will go up between the Las Americas International Airport and the Punta Caucedo Multimodal Megaport. Moreover, the government of Taiwan promised a donation of high tech equipment to be installed in the Instituto Tecnológico de las Americas, a high tech teaching center that will welcome students from all Latin America, and whose construction is slated to begin this year as part of the Santo Domingo cyberpark.
This donation is in addition to the US$48 million in donation commitments and US$10 million in loans secured earlier by President Fernández in Taipei (see yesterday's news at www.dr1.com/daily/news092999.shtml).
The Santo Domingo cyberpark, Islecom, will be a joint venture between the Dominican government, local investors and foreign investors from Asia and the US. The Dominican government is contributing the land and the infrastructure, as well as the construction of the Instituto Tecnológico de las Americas. The government says the high tech institute will have the support of the High Tech Industrial Park of Hsinchu in Taipei and the Massachussetts Institute of Technology, as well as the Instituto Technológico de Monterrey (Mexico).
The plan is to open the first cyberpark in Santo Domingo, but a second park is slated for construction in Santiago. President Fernández invited leading Santiago free zone entrepreneur Fernando Capellán on the trip so he could see with his own eyes what can be done.
"What we would like is to become the Taiwan of the Caribbean, in the sense of having the vitality and the economic dynamism that the economy of that small nation has that has brought it to occupy a leading position in the world," said President Fernández.
President Fernández says that the success in the development of free zone manufacturing plants has turned these into the backbone of the Dominican economy, but these are models based on large work forces, which represents a first phase of industrial development in the DR.
"We Dominicans are proud that we have developed our free zones as we have up to now, and I believe that this should be consolidated and expanded.
We have to look outwards to the world and what we perceive is that countries like Taiwan that initiated with labor intensive models, have advanced to capital intensive models, without abandoning the first model, but creating new paradigms.
"In the DR we need to consolidate what we have and explore new opportunities. I believe that is having a vision of where the future of the country lies, said President Fernández."
Stevens Institute in the DR
The Stevens Institute of Technology, based in Hoboken, New Jersey, Coralina Group Technologies and the Pontificia Universidad Catolica Madre y Maestra (PCUMM) of Santo Domingo today announced joint plans to establish a new institute featuring educational and research programs designed to help the Dominican Republic meet its objectives for industrial job creation.
The new entity, to be situated adjacent to the Cyber Park and the Institute of Technology for the Americas, and east of Santo Domingo near the Las Americas International Airport and Caucedo Port, will benefit from Stevens' expertise in the US in developing curricula and research centers that nurture innovation in the development and application of technologies for business formation and growth. The new hi-tech institute will also benefit from the experience and infrastructure of PUCMM. The initiative is the result of past planning and collaboration with the Global Foundation for Democracy and Development.
President Leonel Fernandez issued a recent decree naming the president of Stevens Institute of Technology, Dr. Harold J. Raveche, as Presidential Advisor for Science, Technology and Innovation to the Dominican Republic.
Scheduled to open in mid-2005, this institute of advanced learning is being described as one of the first steps towards implementing a broader economic strategy to establish the Dominican Republic as a center for advanced engineering, business leadership and innovative technology in such areas as computer and telecommunications software, agri-products, pharmaceuticals and biotechnology.
"The new institution will provide customized engineering, science and technology management programs that are based on the same rigorous research and high academic standards found at Stevens in the US," promised Dr Raveche. "We will provide an educational environment that creates the critical engineering, science and management talent required to enable the Dominican Republic to rapidly expand its high-technology sector. This new center will also be an educational and technology innovation resource for the rest of Latin America," said Pablo Tapia, Founder/CEO of Coralina Group Technologies. Tapia explained that over the next three years they expect investments from private enterprise and educational foundations to exceed US$50 million. For more information, see http://www.stevens.edu
US$250 million for cyber-park
The Santo Domingo Cyber Park (PCSD) was re-launched yesterday during a public function led by President Leonel Fernandez. The new phase includes US$250 million worth of investment projects by foreign technological companies and academic services from the Stevens Institute of Technology from the US. Also included are residential areas, shopping centers and recreational facilities. Diario Libre reports that the companies installed or in the process of installation include the fields of telecommunications, information technology, robotics and microelectronics. These include Caribbean Custom Mold, Brighstar, Interdom, Image Processing Center, Quick Cash Inc., UVColor, Europeene Ingenierie, Super Clik and Tansource PBOSolutions, according to PCSD president Eddy Martinez. The ceremony was also attended by Vice President Rafael Alburquerque, the president of the Board of the Las Americas Technological Institute, Msgr. Agripino Nunez Collado, the president of Stevens Institute of Technology, Harold Raveche, and Higher Education Minister Ligia Amado Melo.
Listin Diario reports on President Fernandez's appreciation that the PCSD will generate wealth, leading to greater social equality in the medium and long term fight against poverty. He said that some people may question the park as not being a priority and that what the country needs are aqueducts, vaccination programs and the eradication of poverty. However, the President says that people who think like that are mistaken, because poverty cannot be eradicated and a modernization program cannot be established in the country if we do not generate the wealth required to undertake each of the priorities which are important for the country's progress.
The establishment of the first engineering university of its kind in Latin America, the Stevens Institute of Technology of the Americas (SITTA), will begin accepting students to its new graduate program in Fall of 2006, His Excellency, Dr. Leonel Fernandez, President of the Dominican Republic, Dr. Hal Raveché, President of Stevens Institute of Technology (www.stevens.edu) and Pablo Tapia, Founder/CEO of Coralina Group Technologies (www.coralina.com) announced today at a ceremony in Santo Domingo, Dominican Republic.
The new university will offer both undergraduate and advanced degrees, including PhDs, in engineering and various high technology disciplines.
SITTA is modeled after Stevens Institute of Technology, the engineering school located in Hoboken , New Jersey , that has been a critical driver of technology innovation for more than 100 years. One of the leading technological universities in the US , Stevens offers a unique educational environment called Technogenesis, where students, faculty and industry jointly nurture new technologies from concept to marketplace realization.
The establishment of this entity of advanced learning is among the first steps toward the implementation of a broader economic strategy to establish the Dominican Republic as a center for advanced engineering, business leadership and innovative technology in such areas as computer and telecommunications software, agriproducts, pharmaceuticals and biotechnology, said His Excellency, Dr. Leonel Fernandez, President of the Dominican Republic...
First mistake is going to school with the attitude that you are looking for a way to end up with a good job and therefore security.
You should be acquiring an education for the purpose of being able to communicate intelligently with other people, being able to express yourself in the written word, being able to understand your surroundings by means of your ability to read the written word and to have the ability to solve problems encountered in everyday life.
In a society like the DR, as well as other countries where the economy isn't doing well, a person with a good education and a good brain can create their own job.