Dolores Vicioso – Page 6835

According to the vice-governor of the Central Bank, F?lix Calvo, a second round of savings certificates is being sold, due to the demand created by the initial offering. These savings certificates carry interest rates of 32% (30 days), 34% (90 days) and 36% (180 days). As reported in Hoy newspaper, Calvo, in an impromptu interview, …

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President Hip?lito Mej?a met yesterday with the Dominican Agribusiness Board (JAD) and promised that the proposed 5% tax on exports would last only until December of this year. The President also let it be known that the removal of the surcharge was not entirely up to him. George Mansfield, the president of the JAD, said …

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The director of the National Housing Institute (INVI) rejected a US$115-million housing loan back in 2002 on grounds of it being excessively onerous to the country. Now, it appears the loan has been resuscitated by the new head of the National Institute for Assistance and Housing (INAVI). According to the story in El Caribe, the …

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Customs boss Vicente S?nchez Baret has given a five-day grace period to all those with pending debts with the Customs department. As of next Monday 5 August, S?nchez says that the possessors of unpaid debts will be taken to court. According to the List?n Diario, the Director General of Customs was emphatic, saying that there …

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Mario M?ndez, the financial editor of Hoy, has published a note today that says the electric sector of the Dominican Republic is in very serious trouble. According to the note, the Superintendent?s negotiations with the electrical generators and the electrical distributors are reaching a near impasse. The negative cash-flow of the generators is causing an …

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The List?n Diario reports that the EGE-Haina power generating facility has placed an embargo on the accounts of EDE-Este, the power distributor for the eastern portion of the country and many parts of Santo Domingo. In its press release, EGE-Haina said they are suing for twice the amount owed, or RD$939 million. Twenty-six unpaid bills …

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President Hip?lito Mej?a was categorical in his denial of the presence of conspirators plotting the downfall of President Ch?vez of Venezuela. Responding to Ch?vez? own allegations of a subversive plot being hatched in the DR, according to the article in today?s List?n Diario, Mej?a said, ?That is not true!? At the same time, he ?guaranteed? …

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Gustavo Nobao, the former President of Ecuador, has requested asylum at the Dominican embassy in Quito, according to reports from the Ministry of Foreign Relations carried in Hoy newspaper. Noboa, accused of corruption by the current government, has requested the protection of the Dominican embassy for reasons of political persecution. The Ministry of Foreign Relations …

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