2006 – Page 271

Over the next 21 years, the Dominican Republic will pay RD$2.72 billion for the RD$1.46 billion in bonds that is has placed on the market. According to a note from the Department of Public Credit in the Ministry of Finance, the last two governments, the Mejia administration and the current Fernandez administration will pay RD$1.26 …

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Six years after the start of the capitalization of government companies, the electricity distributors are still far from reaching the 80% collection rate that was established as the goal for the joining of forces with the private sector. Currently, only 50% of the electricity that goes out over the power grid is ever paid for. …

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In a press note from Moscow, the recently-appointed Dominican ambassador to India, Hans Dannenberg, is quoted as suggesting the need for direct flights from India to the Caribbean. Dannenberg pointed out that the upper middle class of India, approximately 320 million strong, is larger than the entire population of the United States and Canada. Because …

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A very long meeting of the Central Electoral Board (JCE) came to the conclusion that the registrations made for candidates from the so-called “Pink Alliance” (PRD and PRSC, whose colors are white and red, respectively) are valid and were filed before the deadline. This decision of the entire board also nullifies a request from the …

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The Dominican pharmaceutical industry will take a big step forward as soon as the USFDA (Food and Drug Administration of the United States) gives its stamp of approval to the preliminary “pre-approval” of Magnachem Laboratories. Such an important approval would allow the Dominican firm to begin exports to the US. Another local company, Laboratorios LAM …

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The bishop emeritus of Santo Domingo, Francisco Jose Arnaiz blamed the rising crime rates on the inefficiency of the National Police, and called upon the force to have a greater vocation to serve the people. That said, the bishop also said the higher crime rates are also due to the unequal distribution of wealth, and …

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A seminar sponsored by the Global Foundation for Democracy and Development (Funglode) concluded that the country needs to assume a proactive stance to deal with the problems stemming from the Dominicans that forcibly return to the DR after being deported from the US. The number is 30,000 over the past decade. The seminar, called “The …

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Dozens of tourists from Germany, Canada and other countries were trapped for a few hours on Cayo Arena (called Paradise Isle by tour operators) in the Punta Rucia region last Friday. They were safely removed by boats to La Isabela, and nobody was injured in the least. The community leaders of Estero Hondo and Punta …

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Two policemen, involved in the fatal shootings of a woman and a teenager were arrested and sent to court by order of Police Chief Bernardo Santana Paez. Sergeant Julio Castro Disla and private Andy Antonio Margarin Hernandez are accused of killing Elizabeth Polanco and her aunt, Yanet Polanco during a confusing incident in the Pueblo …

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The president of the ferronickel mining company Falconbridge Dominicana, 48-year old Mexican Sergio Chavez Gutierrez died last Saturday at around 6:20 am when his car turned over as he traveled to Santo Domingo. He was on his way to a golf tournament. The accident occurred about 20 minutes from Santo Domingo, at the Villa Altagracia …

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