2003 – Page 229

In his first day on the job as the Central Bank?s new governor, Jose Lois Malkum told Hoy newspaper in an extensive interview published today that he favors opening the doors of banking in the DR to foreign invesmtent. Malkum feels the entrance of foreign players will bring internal competition and strengthen regulation mechanisms.  Otherwise, …

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Twenty-six military officials were removed from their posts in what was described as a routine shift. General Jorge Radham?s Zorilla Ozuna is the new central command chief of the Army, replacing General Carlos Luciano D?az Morfa, who returns to lead the Presidential Guard.

In a visible clampdown on the city streets and inter-city highways over the last week, AMET and the national police force collectively imposed 741 penalties on motorists caught committing traffic violations, including motorcyclists without helmets, excess loading on service vehicles and dangerous driving offences.

The Senate approved four international loan contracts for a total of US$200 million yesterday. Of the loans, US$138 million is to be financed by a Canadian government program and used to finance the construction of an aqueduct for Barahona, Bahoruco and Independencia provinces in the southwest. This program would be implemented by the Instituto Nacional …

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Plans for a 100-meter tall dam, reservoir, water treatment plant and distribution pipelines are on the table once more. The US$150-million Madrigal project that would supply water to the National District and the Province of Santo Domingo is sited for the Haina River area near Villa Altagracia.  Canada’s export contracting agency, the Canadian Commercial Corporation …

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The National Council of Business (CONEP) has voiced its support for the recent changes made to the government’s economic team. Elena Viyella de Paliza, president of the leading private-sector organization, praised the new appointments to the finance and foreign ministries and the Central Bank, describing them as an indication of the government’s commitment to consolidating …

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