2008News

Peso down, prices up

Manuel Cabrera, president of the Import Wholesalers’ Association (AAI), says that the slight increase in the dollar-peso exchange rate, from RD$32.50 to about RD$34.00 has led to an increase in the price of imported foods and goods. Cabrera told Hoy that the devaluation of the peso always causes uncertainty in the import market. He added, …
2008News

Tax collections up

Between January and December 2007 the Tax Department (DGII) collected RD$141.4 billion, RD$30 billion more than in 2006, for a 27.1% increase. The amount was RD$12.2 billion more than was projected for that period. A report released by DGII explains that the increase was due to a rise in the volume of income taxes, vehicular …
2008News

Quirino assets sold

Today, the National District Attorney General’s office will hand over RD$4,130,972 and US$500,000 raised from the sale of assets belonging to former military captain Quirino Ernesto Paulino to the National Committee Against Money Laundering. Assets sold included rice plantations and a helicopter. Attorney General Jose Manuel Peguero Hernandez will give the money to Mabel Feliz …