Dolores Vicioso – Page 6876

A slight earthquake measuring 4.3 was registered yesterday morning at 6:05 by the Seismological Institute of the Autonomous University of Santo Domingo. The quake was centered near the town of Cotu? but was occurred 182 kilometers below the earth?s surface, thereby reducing its intensity. The quake was felt in El Seibo, La Vega and the …

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Selin?e M?ndez, Miss Dominican Republic 1998 and television personality, has admitted that she is two months pregnant with triplets. In spite of problems with the former wife of her newlywed husband, Roberto Carreras, Selin?e said that she is happy and her parents are already having parties to celebrate the arrival of their first three grandchildren, …

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President Hip?lito Mej?a and President George W. Bush met today in Washington, D.C. The White House said that ?the two discussed the strong bilateral and trade relationships between the United States and the Dominican Republic, as we work together.? The first reports on the President?s meeting carry the Dominican stateman?s optimism the Dominican Republic will …

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Caribbean Business, reports on expectations for President Hip?lito Mej?a?s meeting with President George W. Bush in Washington, D.C. today in this week?s edition. The story by John Collins, Puerto Rico Manufacturer Association?s journalist of the year, tells of how the DR came out on top in the eyes of the US, benefiting from a last …

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In a decree published in today?s newspapers, President Hip?lito Mej?a declared the construction and reconstruction of the national highway system a high priority. President Mej?a will thus allow the free import of AC-30 and RC-2, the two principle bases for making asphalt, by way of Decree 503-03, which will allow anyone to import the two …

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The Monetary Board of the Central Bank of the Dominican Republic has implemented new rules that will take more than RD$12 billion out of circulation, reports today?s El Caribe. The initiatives of the Monetary Board include an additional 5% increase to the legal reserve for current liabilities of commercial banks, and a 20% reserve on …

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The Emerging Markets Research department of the J P Morgan Securities firm focuses on the Baninter crisis and pinpoints what it calls a failure to clarify the banking crisis risks are compounding the vulnerabilities. ?We remain concerned about the continued lack of transparency, and the fact that the government was caught unawares by the magnitude …

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Opposition to a new multimillion-dollar bond issuance grew stronger yesterday in Congress. The head of the Permanent Finance Committee of the Senate, C?sar D?az Filpo, felt that passing the new issue would be ?crazy? considering the delicate condition of the economy. Deputies Ovi Sald?var and Marino Mendoza asked the government to be more prudent. PLD …

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Four members of the board of directors of the Asociaci?n Popular de Ahorros y Pr?stamos (APAP) ? H?ctor Mateo, Ligia Bonetti de Valiente, Pedro T. Esteva Troncoso and M?nica Armenteros de Torr?n ? have requested in a letter to Superintendent of Banks Julio Cross the resignation of APAP executive vice president Azor Hazoury, and board …

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The head of the Federation of Industrial Associations (FAI) concurred with the position taken by CONEP, saying that the fraud at Baninter will take years and many governments to resolve completely. Ignacio M?ndez, president of FAI, said that the problem of Baninter not only places the government in a straightjacket, but Dominican society and its …

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