Dolores Vicioso – Page 6854

Kevin Manning, head of one of the major electricity producers in the Dominican Republic, told reporters from the List?n Diario that the 2% tax on imports would produce an increase in the electricity bills for everyone, since fuel represents between 80-85% of the cost of production of electricity. At the same time, the prices of …

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The List?n Diario reported that, as would be expected, the ASONAHORES group of hotel and restaurant operators expressed serious worry over the effects of the new 100% increase to the airport departure tax. Two of the industry leaders, Frank Rainieri and Rafael Blanco Genao, warned that tax hike might spur passengers towards other, less taxed …

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Since the beginning of the Mej?a administration in August 2000 through May 2003 , Congress has approved 18 loans valuing a total of US$3.9 billion, according to senator Jos? Tom?s P?rez (PLD-Santo Domingo). As reported in Hoy newspaper, this amount more than doubles the foreign debt of the country, which in August 2000 stood at …

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Hoy newspaper reports that Carlos Despradel, Technical Secretary of the Presidency, said that the monetary authorities chose to pay deposits of RD$500 million to government contractor Guaroa Liranzo to gain ?solidarity?, despite this being in violation to the banking law. Liranzo, a kingmaker within the PRSC political party, is also mentioned by political commentators as …

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Hoy newspaper reports that Carlos Despradel, Technical Secretary of the Presidency, said that the monetary authorities chose to pay deposits of RD$500 million to government contractor Guaroa Liranzo to gain ?solidarity?, despite this being in violation to the banking law. Liranzo, a kingmaker within the PRSC political party, is also mentioned by political commentators as …

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The Diario Libre reports that barely 30% of our schools? teachers are giving classes in Morality and Civics, despite the fact that since 2000, the subject has been part of the compulsory curriculum in all primary and secondary schools. A study released by the PUCMM university shows that 82% of the 976 of the school …

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The government published full-page spreads in most morning newspapers today, regarding its petition to the IMF in exchange for US$1 billion in assistance. Negotiating for the government are Central Bank Governor Jose Lois Malkum, Technical Secretary of the Presidency Carlos Despradel, Finance Minister Rafael Calder?n and Superintendent of Banks Julio Cross. The government is pursuing …

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The dollar hit a mark of RD$39 yesterday, in spite of a dwindling supply of pesos and even fewer dollars. El Caribe reported that the dollar rose RD$2.23 in trading houses. Some commercial banks continued to make dollars available at a rate of RD$28 for credit card payments while others were selling dollars at RD$38 …

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The head of the National Council of Business, Elena Viyella de Paliza, reaffirmed yesterday that an agreement with the IMF should bring issues of national interest and economic stability to the forefront. The business leader was attending a meeting with President Hip?lito Mej?a, and expressed her group?s support of the IMF accords as presented. The …

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The Young Entrepreneurs? Association (ANJE) warned that the anticipated 1.5% or 2% increase in taxes on imports is a mistake and could be classified as unconstitutional. Marisol Vicens Bello, the association?s president, told C?ndida Acosta of the List?n Diario that the authorities have not acted with the full transparency required for these negotiations. She pointed …

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