2003News

Mejia will prosecute Zapete

Speaking to reporters before his departure to Puerto Rico yesterday, the President said he was planning to prosecute digital journalist Marino Zapete for writing “unacceptable things” about him. Zapete had alleged that a water supply system being installed in the Jarabacoa area using government resources was for the President?s private benefit because he is building …
2003News

Authorities appropriate Telecentro

The judicial authorities took control yesterday of several more Baninter Group assets, including TV Channel 13, known as Telecentro, on the orders of District Attorney M?ximo Aristy Caraballo. Other interposed companies include Medcom SA, Intercontinental de Medios SA, Ringo Records, RCC Records, Belleza Dominicana (operators of the Miss Universe franchise in the DR) and Deportes …
2003News

Codetel correction

A DR1 brief on the government intervention in the Aster cable company yesterday erroneously named Codetel as a leading Aster shareholder. The relationship between Codetel, a Verizon company, and Aster was of a strategic business alliance, through which Codetel supplied Aster with Internet access and fiber optic lines, for which Aster paid a fee. Patricia …
2003News

Dollarization spreads

More and more traders are ?dollarizing? their businesses, according to a report in Hoy. Companies like Ferreteria Americana, Distribuidora Universal, Sang Datared and Multi Lock Interactive are quoting prices in dollars and charging the equivalent peso amount according to the daily rate of exchange, says the newspaper. This is in reaction to the volatility of …