Dolores Vicioso – Page 6857

The Central Bank announced today that it would rescind the 27 May decree that allowed producers of hard currencies to sell them on the open market. This decree was an attempt to flood the market and lower the exchange rate, which did not happen. While the major banks have followed Popular and Reservas in allowing …

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The Ministry of Agriculture reports that the government has assigned the first part of the RD$100-million subsidy destined to facilitate dollars to that sector at a special rate of RD$25 to US$1. The idea behind this subsidy is to lower production costs to farmers and livestock breeders. Osmar Ben?tez, a presidential advisor on agriculture, told …

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In yesterday?s news, we reported on the dollarization of several businesses, with the heart of the story centered around the Ferreter?a Americana hardware store and mention was made of La Cadena, the supermarket chain. This mention was an error caused by a typo in the Diario Libre. What the article meant to say was that …

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Hoy newspaper?s economic editor Mario Mendez writes today on what he calls the very profitable business of power generation in the Dominican Republic. He says the high levels of profit are due to the fixed electricity tariffs, which were renegotiated by the Mej?a administration and are consigned in the Madrid Accord. Engineer Jos? Luis Moreno …

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According to Andr?s Bautista Garc?a, the president of the Senate, there will be a solution to the crisis affecting the Central Electoral Board (JCE). Hoy reports that the head of the Senate Justice Committee, Enriquillo Reyes, has said there have been conversations about the possibility of seeking the resignation of the JCE?s president, Manuel Ram?n …

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The tiny isle of Dominica, the Windward Island so small it would fit inside many Dominican provinces, is often confused with the Dominican Republic. In fact, even early editions of Encarta, the Microsoft CD Atlas, confused the two nations. Now it seems that Dominicans have found that Dominica is a good place to begin a …

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The case of the Puerto Rican TV personality, Laura Hern?ndez and her husband Marcos Irizarry got a little more complicated yesterday when the prosecutor produced evidence that some of the accused were lying to the court, as reported by Diario Libre. Ismael Tav?rez, the prosecutor of the six Puerto Ricans accused of attempting to smuggle …

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According to reports in all of today?s papers, an agreement with the International Monetary Fund is very near to being ratified. Jos? Lois Malkum, head of the Central Bank and former Minister of Finance, met with Enrique Iglesias, the head of the Inter American Development Bank (IADB), at the Hotel El Embajador yesterday, where he …

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There are mixed reports on the appreciation of the peso against the dollar yesterday. Headlines today in the List?n Diario and the Diario Libre describe two of the major banks selling dollars at a rate of RD$28 ? a full RD$10 less than last Friday and Saturday. There was a caveat, however. Banco Popular and …

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President Hip?lito Mej?a officiated the inauguration ceremonies in Andr?s, Boca Chica yesterday, where the AES group opened their new generation and liquefied natural gas storage facility. According to AES, their investment was in the order of US$400 million to build the natural gas import terminal, re-gasification facility, pipeline and 300 MW dual fuel-fired (natural gas …

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