RD$100 million for Hato Mayor chocolate factory|
President Danilo Medina has announced that the Specialized Fund for Farm Development (FEDA) will be providing RD$100 million in funding for the construction of a chocolate processing plant in the eastern province of Hato Mayor. The factory will be installed in the premises of the Bloque Este de Asociaciones de Productores de Cacao, the cacao-producers association based in Vicentillo. President Danilo Medina met with the producers yesterday, Sunday, 2 November 2014.
National Cacao Producers Confederation (Conacado) regional manager Bernardo Jimenez said the measure would benefit more than 2,000 cacao farmers organized in 29 affiliated associations.
Balance of payments gets relief from lower petrol prices|
The Dominican balance of payments will experience relief from lower petrol prices and the stable peso-dollar exchange rate by the end of the year. The current level of US$80 per barrel of petrol and an exchange rate of RD$44.03 to the US$1 means the deficit forecast in the National Budget for the end of the year in the current account of the balance of payment will be lower than expected. The Medina administration based its budget on an estimated average petrol price of US$101.30 and an exchange rate of RD$44.40 and RD$45.8 for December 2014.
In a speech at a Latin American bankers' conference last week, Central Bank governor Hector Valdez Albizu said that the country would experience savings of US$600 million due to the dropping petrol price.
First Lady to attend Oscar de la Renta funeral|
First Lady Candida Montilla, Culture Minister Jose Antonio Rodriguez and Dominican ambassador in the United States Anibal de Castro will represent the Dominican government at the funeral service of Dominican-born fashion designer Oscar de la Renta today, Monday, 3 November 2014 at the St. Ignatius Loyola Church in Park Avenue. De la Renta died in Connecticut on 20 October.
78% of bank assets in 3 Dominican banks|
A total of 78% of the country's banking assets are concentrated in just three Dominican banks. In a recent report, Fitch Ratings states that the Dominican banking system is "highly concentrated." The three banks are the governmental Banco de Reservas, the Banco Popular Dominicano and Banco BHD Leon, which is in the final stages of a merger between the former BHD and Leon banks.
10,000 loans to new homeowners|
Dominican banks approved 11,195 mortgages for RD$27.05 billion for the purchase of new homes and remodeling from January to September 2014. The average interest rate was 10.41%. The figures are included in a recent report from the Superintendence of Banks that said that 10,138 of the loans were granted to first time homebuyers, or RD$24.46 billion.
The banking system made 359 new loans for RD$1.08 billion for purchasing a second home or a vacation home. For remodeling of homes, the banks issued 698 loans worth RD$1.5 billion, as reported in Listin Diario.
Conep backs Attorney General in corruption case|
The National Business Council (Conep) is calling for support for the actions of state prosecutors and the judicial system to investigate corruption. In a press release issued today, Monday 3 November 2014, Conep's executive committee called for respect for the work of the Judicial System in the fulfillment of its duties in order to guarantee a transparent and impartial legal process.
The release was issued in response to the Attorney General Office's current investigation into corruption in office allegedly involving senator Felix Bautista, former director of the Supervisory Office of Public Works of the Presidency during the Leonel Fernandez governments. Bautista is the organizational secretary of the ruling PLD and a close associate of the former President.
Metro fire suspect said to have attempted suicide twice|
Frank Kelin Holguin Medina, accused of the arson attack on the Santo Domingo Metro on Monday, 27 October 2014, tried to hang himself in his cell at the Centro de Correccion y Rehabilitacion in San Pedro de Macoris on Friday, 31 October 2014. He then tried to electrocute himself when taken to the Palacio de Justicia in Santo Domingo for the hearing where he was given a year of preventive custody.
The authorities are investigating the motives behind the crime, which they say could be either terrorism or mental illness. In the fire, two were seriously burned of around 35 injured.
Rosa Maria Martinez used fake passport to rent car|
The US Embassy has told investigators that the passport a woman named as Rosa Maria Martinez used to rent a Hyundai Santa Fe is false. The car is suspected of having been used for the attack on the Najayo Jail last week. The authorities, nevertheless, have identified the fugitive as Rosa Maria Martinez Hernandez and continue to investigate her whereabouts. A day before the incident, the woman called the dealer to say she had been robbed and injured and was being treated at the Dario Contreras Public Hospital. This also proved to be false. The vehicle was to have been used in the attempted release of inmates in which six people were killed, including two jail staff on Friday, 24 October 2014.
Employees at the car rental agency at Km. 21 of Duarte Highway photographed the woman because they said she appeared nervous when renting the car.
Cemex security chief dies in helicopter crash|
The Cemex security chief, Juan Arturo Maceo Castaneda, who is also a deacon in the Catholic Church, was killed in a helicopter crash on Saturday, 1 November 2014. Another passenger in the HI419 helicopter, priest Roberto Adriano Bristman and pilot Victor Rodriguez were injured. The helicopter came down in sugarcane fields near Batey El Moruno and the Cristobal Colon sugar mill in the southeastern province of San Pedro de Macoris, confirmed Emmanuel Soufront Tamayo of the Civil Aviation Board (JAC) Aviation Accidents Investigative Commission. The injured men were taken to the Plaza de la Salud hospital in Santo Domingo by helicopter ambulance.
The pilot had warned that he would be making an emergency landing because of unusual vibrations.
The helicopter, which belongs to Servicios Aereos Profesionales had taken off on a flight from San Pedro de Macoris to Santo Domingo.
Futures tennis tournament at Casa de Campo|
Casa de Campo in La Romana is hosting the International Tennis Federation (ITF) Pro Circuit Futures tournament this month. The event is an entry level for professional tournaments seeking to play in higher-level tournaments on the ATP World Tour.
The Dominican Republic F1 Futures tournament event will take place at the Las Terrazas Tennis Center at Casa de Campo in La Romana. Prize money is US$15,000.
Jorge Drexler in Santo Domingo|
Uruguayan songwriter Jorge Drexler is booked for a performance at the National Theater on Saturday evening, 29 November 2014. The first part of the show will also feature Dominican pop-rock songwriter Alex Ferreira. Drexler is the first Uruguayan to win an Oscar for Best Original Song in 2004, "Al otro lado del rio" from his seventh album, Eco. The score appeared in Walter Salles' film The Motorcycle Diaries (2004). He is also a winner of the Goya Award.
He has been nominated in several categories in the Latin Grammy awards that will take place on 20 November at the MGM Grand Garden Arena in Las Vegas. He is coming to Santo Domingo as part of his tour to promote his hit album Bailar en la cueva.
The concert is a benefit for Fundacion Nido para Angeles that works with children with cerebral palsy.
Production is by Once y Once. Tickets are for sale at Uepa Tickets (Movie Max) and Supermercados Nacional and Jumbo n RD$1,500 and RD$1,300.
German Embassy sponsors film festival|
This is an opportunity to see a selection of outstanding German films. DGCine and the Embassy of Germany are sponsoring a film festival to mark the occasion of the 25th anniversary of the fall of the Berlin Wall. The festival ends on 9 November at the Plaza de la Cultura Cinemateca Dominicana, behind the Museum of History and Geography in Santo Domingo's Plaza de la Cultura. The films will be screened at 7:30pm on weekdays and at 5:30pm and 7:30 on the weekend. The program includes contemporary and historic films that give a vision of life before, during and after the unification of Germany.
Tuesday, 4 November, 7:30pm:
Deutschlandspiel by Hans-Christoph Blumenberg
Wednesday, 5 November:
The Divided Heaven - 1964 (Der getelite Himmel) by Konrad Wolf
Thursday, 6 November, 7:30pm:
Grill Point (Halbe Treppe) by Andreas Dressen - 2001.
Friday, 7 November, 7:30pm:
No Place to Go (Die Unberuhrbare) by Oskar Roehler
Saturday, 8 November 5:30pm.
The Lives of Others (Das Leben der Anderen) 2007, drama/thriller directed by Florian Henckel von Donner. 7:30pm
Train to Freedom (Zug in die Freiheit) documentary by Sebastian Dehnhardt
Sunday, 9 November 5:30pm
Rabbit a la Berlin (Mauerhase) by Bartosz Konopka
Good Bye, Lenin by Wolfgang Becker
Juanes coming for "Quiereme como soy" benefit|
Colombia's star singer, Juanes is booked to perform at the Altos de Chavon amphitheater in La Romana on 16 November 2014. He will be onstage as part of the "Quiereme como soy" annual event that raises funds for children with special needs.
Jarabe de Palo returns to Santo Domingo|
Pau Dones and Jarabe de Palo are booked for a concert on Saturday, 22 November 2014 at Hard Rock Cafe Santo Domingo at the Blue Mall. The show is a Sugar Events production. The group will also be playing at the Centro Espanol de Santo Domingo on Friday, 21 November. Tickets are for sale at Super Pola, La Sirena, Ticket Express, and the two venues.
25th Eduardo Leon Jimenes art contest exhibition|
The Centro Leon in Santiago is holding an exhibition of selected works from the 25th Eduardo Leon Jimenes art contest. It includes works by Laura Castro, Fermin Ceballos, Queury Dicent, Patricia Encarnacion, Andres Farias, Monica Ferreras, Marie Jimenez, Joiri Minaya, Randy Morales, Jose Munoz, Freddy Perez, David Perez, Gustavo Pena and Maurice Sanchez.
The Temporary Exhibition hall will be open from Tuesday to Sunday from 10 am to 7pm. For more information, contact ?Tel 809 582-2315.
"Patios" book shows the inside of Colonial City homes|
Nelia Barletta and Carlo Reyes present "Patios," a gem of a photography book featuring little known interiors of Colonial City houses. Photographs by Amadeo Anselin, Nemanja Brankovic, Ricardo Briones and Carlos Reyes show the patios and gardens of the historic city center in all their details and eclecticism. This is the second of a series of books on the Colonial City. Proceeds from the book sales will be donated to the Fundacion Abriendo Camino that works to provide better opportunities for children and teenagers in the Villas Agricolas slum area of northern Santo Domingo. The book will be launched on Thursday, 13 November at the Quinta Dominica in the Colonial City, where it can be purchased. It will also be for sale at Cuesta Centro del Libro, COPE on Av. Winston Churchill and bookstores in the Colonial City and Santiago. For more information, write to [email protected] or call Tel 809 735-3258.
For more on upcoming events, see http://dr1.com/calendar
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