Dolores Vicioso – Page 6907

Technical Secretary of the Presidency Carlos Despradel said that JP Morgan does not have any in-depth knowledge of the economic problems that affect the Dominican Republic. To correct this, he invited their economic analysts to travel to the DR. According to Despradel, the present economic situation was caused by the collapse of Baninter and the …

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The Central Bank announced yesterday afternoon a unification of the exchange market, with the peso-dollar rate allowed to float according to supply and demand. According to the plan, all dollar operations would be transacted in the open market, in compliance with the government’s promise to the IMF to adopt such a procedure by year’s end. …

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President Hipolito Mejia urged the Senate to approve the bills creating a 5% tax on exports and a 2% tax on imports resubmitted by the Executive Branch this week. Last week, the Supreme Court of Justice declared the surcharges to be in violation of the Constitution. This is the second time the Executive Branch has …

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Free zone workers will see wage increases this month, as the National Salaries Committee approved a 15% increase for employees of free zone manufacturing companies, effective 19 October. An additional 10% will go into effect 90 days later, for an overall increase of 25% by January 2004. The minimum wage of free zone sector workers …

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Armed Forces Minister Jose Miguel Soto Jimenez confirmed he will travel to Iraq this Thursday to visit the 302 Dominican troops stationed in Diwaniya. His trip will last 10 days. The Dominican troops are in Iraq as part of the Plus Ultra battalion that includes soldiers from Nicaragua, El Salvador, Honduras and Spain.

The police announced a permanent patrol of the stretch of the Duarte Highway that runs through Villa Altagracia. The move is hoped to discourage the thugs that have taken over the area, especially at night. Several motorists have been injured by rocks thrown at them by the thugs who hide in the bushes that border …

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Dominican Manny Ramirez was the hero of the decisive fifth game to conclude the American League Division Season last night. At stake was a berth in the American League Championship Series that starts this Wednesday, pitting the Boston Red Sox against the New York Yankees in the Bronx. The Red Sox won the final game, …

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It hadn’t happened since 1908, but the Chicago Cubs finally made it to the post-season series. Sammy Sosa’s team will now go up against the Florida Marlins for the National League slot in the World Series. The Cubs defeated the Atlanta Braves 5-1 on Sunday. The National League Championship Series starts today at Chicago’s Wrigley …

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