2008News

Wednesday sales

Nacional supermarkets are offering 40% off mangos, plus 20% off other fruits and vegetables. Ground coffee (Santo Domingo) is selling for RD$62.95lb. Super Pola is advertising 35% off fruits and vegetables. La Cadena is selling cabbage for RD$15.95ea, Tommy Adkins mangos for RD$9.95ea, red apples for RD$26.95lb, and more discounted fruits and vegetables. Plaza Lama …
2008News

Revisiting the doctor issue

Public Health Minister Bautista Rojas Gomez says that any salary wage awarded to doctors will only happen once the government’s contractual structure with the doctors is reviewed. The ministry insists that wage increases be pegged to individual performance at specific jobs in public hospitals. Public hospital doctors have been engaged in an ongoing struggle with …
2008News

Subsidies maintained for now

Administrative Minister to the Presidency Luis Manuel Bonetti says the government would maintain food and fuel subsidies to keep prices stable. Meanwhile, Industry and Commerce Minister Melanio Paredes announced that the government’s economic team would meet on Thursday. He hinted that it was likely that fuel prices would be frozen until all the current speculation …
2008News

CPI at 1.88% for April

The Central Bank April Consumer Price Index showed a 1.88% increase in prices for April, after a 1.71% price increase in March. The government would instate several new food and price subsidies in April and May in order to control rising prices. Accumulated inflation for January-April was 4.72%. See http://www.bancentral.gov.do/…
2008News

More austerity, fewer subsidies

Representatives from several industrial groups agree that over the next four years the administration will have to apply an ironclad policy of savings, reduce expenditures and reduce subsidy programs. The presidents of the National Association of Young Entrepreneurs (ANJE), the Agro-Business Board (JAD), the Herrera Industries Association (AEIH) and the Trade and Business Federation, together …