2008 – Page 57

Dominican President Leonel Fernandez has called on all countries, not just the Group of 20, to take part in reforming the international financial system, which must be “fairer and more equal” and to fight the speculators. Fernandez, who is attending the first session of the Biarritz Forum in France, stressed that the new international financial …

Read more…

Environment Minister Jaime David Fernandez Mirabal is urging the businessman who bought the extensive area across the street from the Tabacalera in Villa Gonzalez, to accept the refund of his money in order to resolve the situation amicably. The area was in the news as one reporter took statements made by the man as a …

Read more…

Three economists from the Intec, Apec and the UASD universities, are saying that the Dominican Republic needs to sign a new Stand-by agreement with the IMF in order to confront the effects of the world economic crisis. The economists, Favricio Gomez of Intec, Melvin Perez of the UASD and Carlos Cuello of Apec share the …

Read more…

According to data from the Central Bank, more than 3.1 million tourists visited the Dominican Republic between January and September this year. Over half (52.1%) of the tourists came from North America, and 37.5% came from Europe. These two markets have become the traditional suppliers of the Dominican tourism industry. According to El Nuevo Diario, …

Read more…

“We have to tackle the situation,” was all a powerless Superintendent of Electricity Francisco Mendez could say, while describing the crisis as “very worrying”. According to the official, the crisis situation is not likely to change before Monday or Tuesday. Since one of the units that failed to come on line was San Felipe (the …

Read more…

The 18-hour blackouts are punishing the country, making everyone uncomfortable. The business community says it can’t take it any more, and in the streets, some people get angry when asked about the situation. There are reports of blackouts lasting for up to 18 hours from the capital to the greater part of the Cibao. According …

Read more…

The Director General of Customs has once again instituted the Christmas holiday facility for Dominicans and other residents who want to bring back presents for their family and friends. The limit this year is set at US$2,500 as duty and tariff-free. A press release from the Customs Department (DGA) says that this allowance will go …

Read more…

The president of the National Business Council (CONEP), Lisandro Macarrulla, has deplored the violent incidents involving Dominicans and Haitians in the border region, especially in the areas of Neyba and Guayubin. He said, “These clashes, which should be dealt with in the courts and not through lynchings, completely validate CONEP’s call for an integrated and …

Read more…

After the Land Transport Office (OTTT) carried out a full-scale operation that included AMET officers and other inspectors, and threatened to revoke operator’s licenses in the National District and in Santo Domingo province, drivers seemed to react. Resolution 127-08 calls for fare reductions of between RD$2 and RD$5 on shared taxi or “concho” routes. The …

Read more…