Recent content by DCfred

So I had a one-day stop in the Dominican Republic during a Christmas cruise on the MS Zaandam, Dec 24. Initially I was excited to be back in the Dr after an absence of eight years and to see how things have changed. I was shocked. Sure, the new highway to Santo Domingo is impressive, but I...

Fitch Removes Dominican Republic's Default Rating NEW YORK--(BUSINESS WIRE)----Fitch Ratings today upgraded the Dominican Republic's long-term foreign currency rating to 'B-' from 'DDD', where it was placed at the time of the Dominican Republic's distressed debt exchange. The rating action...

BPD Bank Launches ServiCash NEW YORK, May 23 /PRNewswire/ -- BPD Bank New York, today announced that they are launching ServiCash, a new international remittance program (http://www.servicash.com). ServiCash enables customers residing in the U.S. to send money out of the country securely...

From JFK to Samana Bay for $119*! American Airlines Announces Great Low Fares to the Dominican Republic FORT WORTH, Texas, April 5 /PRNewswire/ -- Pack your swimsuits and get ready to enjoy the crystal clear waters, pristine beaches and natural beauty of the Dominican Republic this summer...

Read what it says! Copyright 2003 The Associated Press

Dominican Man Emerges From Jet Wheel Well .c The Associated Press MIAMI (AP) - A stowaway from the Dominican Republic was discovered emerging from the wheel well of a commercial passenger jet Friday after it landed at Miami International Airport, officials said. The migrant, whose name was...

Suspicions Rife Along Dominican Border By PETER PRENGAMAN .c The Associated Press Copyright - Removed. Links are fine, full text is a BIG no.

The Central Bank reports that the inflation rate for January was 9.23%. At this rate, the yearly inflation rate will reach 110%, which puts us closer to my prediction of 100 pesos to the dollar. And we have not factored in the flood of election pesos that are about to start circulating...

Fitch Comments on the IMF's Rev of Dominican Republics' Stand-By Arrangement NEW YORK--(BUSINESS WIRE)--02/12/2004--Fitch Ratings, the international rating agency, today commented on the completion of the International Monetary Fund's first review of the Dominican Republic's Stand-By...

NBC news had a piece tonight about the Dominican boat people. Basically it said that things are so bad in the DR that people are willing to risk their lives and are crossing in record numbers. This is the first time I've seen this in network TV. Hopefully it will bring more attention to the...

Did anyone catch Sex and the City this week? In this episode, Samantha says that her Dominican Maid has been using her vibrator...then she comments that in the Dominican Republic people must like sharing vibrators. It was kind of silly, but it reminds me of my Dominican aunts always...

According to the AP, today, Dominican boat people have overtaken the Hatians in number. This kind of news is going to be very shameful to the Dominicans who always prided themselves in being better than the Haitians. "A decade ago, it was a Haitian exodus that helped spur a U.S. invasion of...

As word keeps coming that the Central Bank is printing more pesos to keep banks afloat, be aware of the next domino to fall. People may be tempted to buy real estate to protect the value of their money. Word of caution: real estate may already be overvalued by as much as 70% in Santo Domingo...

Fitch Dwngrs Banks in the Dominican Republic NEW YORK--(BUSINESS WIRE)--02/03/2004--Fitch Ratings, the international rating agency, today downgraded Dominican banks' international ratings as detailed below. The action reflects the recent sovereign downgrade on the Dominican Republic's...

Fitch Downgrades Dominican Republic's Ratings to 'CCC+'; Rating Watch Negative NEW YORK--(BUSINESS WIRE)--01/30/2004--Fitch Ratings, the international rating agency, today downgraded the ratings on the Dominican Republic's foreign currency obligations to 'CCC+' from 'B'. The ratings remain on...