2008 – Page 31

Haydee Rainieri says the National Association of Hotels & Restaurants that she presides backs the construction of the Coral Highway that would cut traveling time from San Pedro de Macoris to the east. She described the current roads leading to the Punta Cana area as “hellish”. We all agree that not just the Coral Highway …

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National Business Council (CONEP) president Lisandro Macarrulla said yesterday that the nation’s economy could not stand a 40% wage increase for workers. Macarrulla confirmed the resumption of talks with labor representatives. According to Hoy newspaper, Macarrulla did not offer a figure that business feels would be a fair general wage increase. He did say that …

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Four business associations warned that without incentives for exports next year, there would be massive layoffs by private sector employers because exports have already fallen by 50%. Business leaders went to Congress yesterday to request support and approval for a joint resolution that declares exports a national priority and works on an agenda towards that …

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The executive vice-president of the Institutionalism and Justice Foundation (Finjus), Servio Tulio Castanos Guzman, warned yesterday that the Congress cannot continue to pass a budget law that violates the country’s own laws. He called for Congress to create a body to monitor the implementation of the laws that set out the minimum percentages for different …

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Peravia Senator Wilton Guerrero is again making headlines with his latest warning that those in charge of fighting drug trafficking in his province are themselves involved in the business. He said it is evident that the machinery to sell drugs in the country is “intact,” as reported in Hoy. He reiterated his complaint that employees …

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The Eleventh Circuit Court in Dade County, Miami, Florida, has ordered former Dominican banker Pedro Castillo to pay nearly US$80 million to the Banco del Progreso for having appropriated the banking entity’s resources for his own personal use. The information was provided to Huchi Lora on CDN Radio by Francisco Alvarez, a lawyer for the …

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Good pitching from Ruddy Lugo led the Toros del Este to a win over the Leones del Escogido 4-1 at the Francisco Micheli Stadium in La Romana. In Santiago’s Cibao Stadium the lowly Estrellas Orientales defeated the Aguilas Cibaenas for the second straight day, 8-7. At the Quisqueya Stadium in Santo Domingo many records fell …

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The Chamber of Deputies has approved a bill that authorizes the operation of financial free zones in the DR. Also passed is the Ley de Sociedades Comerciales, which seeks to simplify the company formation process. The Ley General de Archivos, which sets up and regulates a national archive system, also received the green light from …

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There will be seven long weekends in 2009, most resulting from movable holidays, according to the new vacation days schedule released by the Ministry of Labor. These include the long New Year’s Eve to Three Kings holiday at the end of 2008 and start of 2009, Independence Day (27 February), the long Easter weekend in …

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The operation of the first 14-km line of the Santo Domingo Metro, an underground and elevated rail system, has not yet received international certification and still has no definite date for opening. Officials have said that the Metro would be open for November, but the date was then pushed back so that it could be …

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