2004 – Page 3

2004 News

US federal charges against Paulino

There are Federal Charges pending against the former army captain in New York, according to the Diario Libre. The newspaper says that federal agents made their case before a Federal Court in the Southern District of New York three days after the arrest of Paulino in the Dominican Republic. Now the agents are doing the …

2004 News

Pop concerts and fiestas bomb

Several pop concerts and major celebrations that were counting on a massive public demand for good music had to be cancelled for lack of ticket sales. Observers said that the economy and poor publicity were the causes for canceling the concert in the Color Vision amphitheater that was to include Aventura, Milly Quezada, Pavel Nunez …

2004 News

Dominican April Fool’s Day

Today, 28 December, is called the Day of the Innocent Butterflies in the Dominican Republic and it is the day people play practical jokes on each other, some of good taste and others perhaps not so good. Usually, someone will phone and say that something has happened to some member of the family. Or that …

2004 News

Regular season unfolding

The Estrellas Orientales from San Pedro de Macoris have made the round robin play-offs, thanks in part to a defeat of the Leones of Escogido by the Aguilas Cibaenas in the tenth inning of last night’s game at the Quisqueya Baseball Stadium, the Estrellas are now statistically assured of their participation in the final round …

A breeze to return to city

The governmental decision to only charge tolls to exit Santo Domingo brought relief to weekend traffic. Thousands that returned to the city after spending the Christmas holidays in internal cities and beach destinations did not encounter the usual long lines at the tolls. The plan to decongestion the highways at peak hours worked. Returning travelers …

Atlantica vies for yachters

Puerto Luperon?s Atlantica project announced the successful closing of US$50 million in sales contracts and over US$45 million in signed upgrade options at the northern residential resort community in its inaugural offering since its official launch in October. The project is slated to become a major player amongst the Caribbean yachting community, given the exceptional …

Viva Wyndham Playa Dorada

Viva Wyndham hotels formally opened Viva Wyndham Playa Dorada (former Heavens) after investing US$10 million. It is the chain?s fifth hotel in the Dominican Republic and eighth overall. The reopening of the hotel is a joint venture with the participation of the original hotel investors, the Silverio Messon family and Bournigal Medical Group of Puerto …

2004 News

IMF review : 21 January

The Technical Secretary of the Presidency reported that the IMF’s board has placed the DR standby agreement on its agenda for 21 January. Temistocles Montas said that for this to happen, however, Congress must have approved the 2005 budget by 7 January. The legislators have postponed study of the budget for next year. Montas said …

2004 News

Paying the foreign debt

In the past two months the government has reduced its spending by RD$3 billion, in absolute terms, according to Finance Minister Vicente Bengoa. He attributed the savings to the appreciation of the peso and a general reduction in official spending. Bengoa told Hoy newspaper that the positive outcome has caused the IMF technicians to investigate …

2004 News

Budget surplus for quasi-fiscal debt

Finance Minister Vicente Bengoa reported that budgetary surpluses will be allotted to pay the internal public debt, or the so called quasi-fiscal debt, as established by Decree 1524-04. The practice in the past was for the President to have discretionary powers over the surplus. Bengoa says that this time around the government has agreed with …

Search

Search

2004 – Page 3

US federal charges against Paulino

Pop concerts and fiestas bomb

Dominican April Fool’s Day

Regular season unfolding

A breeze to return to city

Atlantica vies for yachters

Viva Wyndham Playa Dorada

IMF review : 21 January

Paying the foreign debt

Budget surplus for quasi-fiscal debt