Dolores Vicioso – Page 6902

Hoy reports in today’s edition that President Mejia has said that “no matter whom it hurts” the government would not pay any more money to the Cogentrix generating facility in San Pedro de Macoris until a new contract is negotiated. Mejia said that his government had paid US$42 million dollars to the Cogentrix people and …

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The Listin Diario reports that judicial embargos on the accounts of the renationalized power distributors EdeNorte and EdeSur are obstacles to the new administration that is trying to gather the money to pay the power generator companies. It seems that all the accounts are frozen by embargos due to problems left by the past Union …

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A former president of the Dominican Refinery, Arturo Martinez Moya, told reporters from the Listin Diario, that Venezuelan President Hugo Chavez has violated the San Jose Agreement by stopping petrol shipments to the Dominican Republic. Martinez Moya explained that the breakdown in shipments is in no way justified, since the Dominican Republic is up to …

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On Sunday, the Listin Diario reported that the energy consumers of the country are overpaying by RD$6 billion pesos. The article by Edwin Ruiz says that the sustainability of the financial obligations of the electrical sector depend on a revision of the Madrid Accords. Luis Moreno, of the Institute of Energy at the state-run Autonomous …

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Headlines over the weekend dealt with energy, taxes and the weather. On Saturday, Hoy announced that the dam at Sabaneta in the province of San Juan de la Maguana was overflowing. The Civil Defense authorities issued a warning for the local population to be alert. Rear Admiral Radhames Lora Salcedo, the head of the National …

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El Caribe reports that the Group of Seven presidential hopefuls is ready for the national plebiscite this coming Sunday. The ballots are printed. Henry Mejia, the director of elections for the PRD party, says that the logistics are in place and that the Central Electoral Board has nothing to do with the case. The PRD …

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The entire business community has expressed a very strong negative to x-raying of freight containers in Customs at a cost of US$25 and US$90 dollars per container. They request that President Mejia veto the bill that imposes the service on exporters. Exporters argue this new imposition would take them out of the marketplace. The National …

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The Dominican Association of Exporters (Adoexpo) is warning that the imposition of the 5% tax on all exports of goods and services will cause a sharp rise in unemployment. The tax had been imposed by presidential decree in August, but was rejected by the Supreme Court of Justice that ruled the only Congress can create …

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Exporter Jose Antonio Martinez Rojas, writing in Hoy’s Saturday issue, urges farm producers and exporters to close ranks against the proposed 5% export tax sent by the Executive Branch back to Congress. Martinez points out that the tax would hurt the agricultural producers most of all, since the 5% would be reduced from their sale …

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Members of the Dominican business community met with members of the Executive Committee on Commercial Policy to express their views on the free trade agreement now in the works between the Dominican Republic and the United States. William Malamud, vice-president of the American Chamber of Commerce in the Dominican Republic, Manuel Enrique Tavares and Manuel …

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