2003 – Page 83

Hoy newspaper reports that the IMF has requested the Dominican government postpone the implementation of its agreement with Union Fenosa for 30 days. Reportedly, the request is made in a letter to government authorities delivered to the government via Central Bank Governor Jose Lois Malkum, who was attending the IMF meeting in Dubai. An IMF …

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The Chamber of Deputies has on its agenda today a review of the request to place US$255 million in sovereign bonds on the market to finance the construction of the Coral Highway. The new highway would link the tourist areas in San Pedro de Macoris (Juan Dolio and Guayacanes) and La Romana (La Romana, Bayahibe …

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Hoy newspaper’s economic editor, Mario Mendez writes in the Wednesday, 24 September issue that the Mejia government continues to negotiate more foreign debt, despite having pledged to discontinue the practice. Mendez compares the government’s habit to that of the private sector, saying that businesses have been making significant strides to reduce indebtedness in dollars – …

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The Central Bank explained that the postponement of the non-transferability of savings certificates issued to Baninter clients does not imply delays in the payment of these commitments. The Central Bank deferred the transferability of the RD$20 billion savings certificates until March 2004, but clarified that “the titles will be honored once they are due, according …

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The ruling PRD party is unmistakably divided in two factions – the PPH (that supports President Mejia’s re-election aspirations) and the non-PPH (that groups the other seven pre-candidates for the presidential nomination and their followers). The non-PPH supporters, led by party president Hatuey de Camps and party secretary general Rafael Subervi Bonilla, have called for …

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Luis Molina Achecar, president of the BHD bank, urged measures to lower banking interest rates. He said that the restrictive procedures implemented by the government in order to exert pressure to lower the exchange rate have forced interest rates up to 40% or more, which has had a chilling effect on borrowers. Achecar also said …

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Aerodom, which manages the Las Americas International Airport and is responsible for the operations of La Isabela International Airport (currently awaiting international certification), objects to Decree 832-03, by which a commission to study the conversion of the San Isidro military base to incorporate commercial traffic was created. Aerodom spokesman Ellis Perez said the company was …

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Father Rogelio Cruz, who recently returned from a conference with his Salesian Order superiors in Mexico, says he will stay in the Dominican Republic. It had been rumored that the controversial and outspoken priest would be transferred to Rome. Nevertheless, the cleric said he has been authorized to remain in his Cristo Rey parish for …

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Former Central American and Caribbean table-tennis champion Mario Alvarez Soto announced the inception of the Mario Alvarez Table Tennis Academy on Friday. The academy will be located at the new table-tennis facility in the Parque del Este that was built for the Pan Am Games. Francisco Boyero, the new Academy’s pro, said the teaching center …

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Felix Sanchez is on a roll with 33 consecutive victories since 20 July 2001 when he won the Monaco Grand Prix. On Tuesday, 23 September, running for the Dominican Republic, Sanchez won first place in the Yokohama, Japan meet, with a 48.86 time, slightly bettering the 48.99 that earned him the gold medal at the …

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