Dolores Vicioso – Page 6923

Cesar Sanchez, the head of the state utility, CDEEE, is happy as can be with the new lights around the Restoration Monument in Santiago de los Caballeros. The computer-programmed show, which entails 60 kinds of lights, is entertaining locals and tourists alike. Reportedly, RD$6 million was invested in the illuminated spectacle, whose electric bill will …

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The investigating committee set up by the armed forces to examine the tragic case of 16 Haitian nationals found dead at different points in the south-western border regions last month believes that “no criminal hands” were responsible for the deaths. It was originally suspected that the Haitians, believed to be illegal immigrants, had either been …

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The Dominican women’s volleyball team advanced to the semifinals, which begin today at the Juan Pablo Duarte Olympic Center’s Volleyball Pavilion. The DR has previously defeated Puerto Rico, Canada and Trinidad for the lead in Pool A. In Pool B, the US defeated Costa Rica and Cuba. The US will face Canada at 6pm. The …

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Vice-President Milagros Ortiz Bosch, currently standing in as President while Hipolito Mejia is abroad, emitted a presidential decree to exonerate the duties owed for the 25,000 school desks being held in the Port of Haina. This marks the 37th time Ortiz Bosch has held the title of “acting” President. The desks had been imported for …

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President Mejia met with Spanish head of government Jose Maria Aznar, where he signed an agreement to ease the exchange of judicial information in civil and commercial cases, and another to allow the husbands, wives and children of diplomatic personnel to hold jobs in the local labor market. Another agreement dealing with double taxation is …

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During a press conference on the occasion of President Hipolito Mejia’s visit to Spain, the Spanish head of government said he “would have preferred for things to have worked out differently with Union Fenosa” in the Dominican Republic. Aznar did not, however, go into further detail. Speaking in the presence of President Mejia, Aznar told …

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Mario Mendez, the economic editor for Hoy newspaper, wants to know how the government will pay for the Union Fenosa deal. He says that the total payments amount to US$697 million over a 12-year period, adding US$58.1 million more to the debts that the Dominican government has contracted with the Spanish company. The debt payment …

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The Young Entrepreneurs Association (ANJE) released a statement carried in Hoy that says the buyback of the Union Fenosa shares must be done legally. The contract is due to be signed 30 September. According to ANJE, the deal violates the Law for the Reform of Public Enterprises (Law 141-97), as it returns full ownership and …

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Hoy newspaper’s editorialist says that while it should not come as a surprise that a foreign company in financial difficulty should decide to sell its properties or shares, everyone should take note of the government’s haste to purchase these dropped assets under present conditions: in its last year of government, with a re-election race on …

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El Caribe’s reporter Mercedes Gonzalez questions the need for a US$500-million credit line from Mexico and Venezuela in order for the state to lower the electricity rates. Former state utility manager, Radhames Segura, a member of the PLD opposition party, was interviewed by the reporter. According to Segura, the two distributors invoice RD$1.5 billion a …

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