2008News

No risk for DR

Center for Export and Investment (CEI-RD) director Eddy Martinez says that according to business experts from New York University and The Economist magazine, the DR’s economy is not at risk from the international financial crisis. In fact, according to Martinez, the experts claim the Dominican economy will continue to grow. During the closed-door seminar, “Global …
2008News

Morales offers preview

Foreign Relations Minister Carlos Morales Troncoso says that President Leonel Fernandez will sign seven cooperation agreements in the areas of economy, science, education, culture, tourism and investment during his forthcoming trip to Qatar and Dubai. It is thought that Fernandez will also begin negotiations on building a petroleum refinery in the DR, a plan which …
2008News

New Metro details

President Leonel Fernandez has announced that the second line of the Santo Domingo Metro system and the train from Haina to Santiago will involve an initial budget of US$4 billion. Fernandez said that the funding would come from foreign direct investment. The President added that before the end of the year bidding would begin for …
2008News

Declare, or else

Presidency minister Cesar Pina Toribio is warning government officials to declare their assets or their November salaries will be withheld as punishment. Pina Toribio says there is no excuse for employees not filing their asset declarations by this date. Pina says he has issued instructions to the director of the Treasury to withhold salaries. As …
2008News

Bus fares maintained

Though transport union officials assured the public that bus fares would go down this week, passengers have yet to see a decrease in fares. News correspondent Lu Olivero reports that arguments between drivers and passengers have become commonplace on buses at the moment of paying the fares. Drivers argue that prices have not changed while …
2008News

Japanese tourists

Several tour operators have started to bring Japanese tourists to the DR, opening up the country to a new tourist market. Since April operators have brought tourists to the provinces of Pedernales and Barahona where they have taken part in ecological activities in Bahia de las Aguilas and visited Lago Enriquillo. Max-A, Five Star Club, …