2003 Travel News ArchiveTravel

A new hotel near airport

The Choice Hotels International’s Quality Hotel Real Aeropuerto Santo Domingo, located just five minutes from the Las Americas International Airport in the Province of Santo Domingo, opened its doors last week. President Mejia attended the ceremony. The new hotel represents an investment of US$9 million, with its 124 rooms, each equipped with high-speed Internet access, …
2003News

Elena Viyella’s proposals

The National Council of Business (CONEP) president, Elena Viyella de Paliza entire keynote speech at the Third National Business Convention appeared in the economic section of El Caribe on Saturday. Her discourse, a resume of the conclusions of the National Business Convention, clearly address what those convened felt were the greatest problems facing the Dominican …
2003News

EIU economist on DR

David Anthony, chief economist for the Latin American Department and the director of the Country-Risk area of The Economist Intelligence Unit, told El Caribe’s reporters that the Dominican Republic would have a liquidity crisis if it does not sign with the IMF within two months. According to Anthony, he cannot see an end to the …
2003News

AIG report on DR

The AIG Global Trade and Political Risk report for December is reporting that the DR “faces a shortage of foreign exchange and may soon have to impose formal exchange controls. Newspaper reports and major indicators suggest that informal controls have already been imposed and sovereign risk has risen to levels that may not be adequately …
2003News

Gasoline up again

After a brief respite, the price of gasoline and diesel rose to historic new highs on Saturday. Premium was pegged at RD$73.64 per gallon, regular at RD$66.38 and diesel at RD$52.22. The Industry & Commerce continues to practice its policy of lowering the sale price just before announcing new highs. The propane situation improved as …
2003News

Dollar producers agree

The government-intervened Listin Diario reported that some of the sectors generating hard currencies, such as tourism and industrial free zone companies, will support the efforts of the Commission to Follow Up and Supervise Currency Operations, as recently created by President Hipolito Mejia. Johnny Bernal, a spokesperson for the National Hotel and Restaurant Association (ASONAHORES), told …