Dolores Vicioso – Page 7118

The Smith & Enron generation plant was back on the electricity grid network yesterday, producing 100 megawatts of a possible 180. Finance Minister Jose Lois Malkum and Cesar Sanchez, administrator of the Dominican Electricity Corporation (CDEE), announced that an agreement had been reached to resolve the fuel supply problems responsible for the shutdown. Malkum also …

Read more…

The Central Bank reports the Consumer Price Index for January increased 3.29 percent, representing the greatest surge of the past 28 months. Inflation for 2002 was 10.51 percent, marking the first double-digit inflation rate since 1994 when it registered at 14.3 percent.

El Caribe newspaper reports that the arrival of tourists increased a solid 35.9 percent in January, compared to figures for January 2002. Arrivals of non-resident foreigners were tabulated at 256,738 –67,876 more than those registered in January 2002. Destinations for non-resident air arrivals were: Punta Cana: 119,960; Puerto Plata: 56,229; Las Americas (Santo Domingo): 45,817; …

Read more…

British Foreign Office Minister Valerie Amos is expected to arrive on Tuesday, 18 February to head a mission of UK businesspeople interested in developing trade with the Dominican Republic. British Ambassador Andy Ashcroft said that Amos is the highest-ranking British government official to visit the country since diplomatic relations were reestablished in 1995. Ashcroft appeared …

Read more…

The Inter American Development Bank has nearly US$500,000 available in non-reimbursable cooperation for programs that promote corporate social responsibility within the Dominican Republic. The National Council of Business (CONEP) will manage the program, which will begin with a RD$5-million fund for three business initiatives intended to create a general awareness among corporations in the Dominican …

Read more…

Former President Leonel Fernandez and fellow lawyer Margarita Cedeño wed on Sunday evening in a private ceremony held at Cedeño’s Naco apartment. The marriage caught the press and Dominicans by surprise, as Fernandez had maintained in the past that marriage was incompatible with politics. He said it was unlikely that he would remarry, because he …

Read more…

Sergeant Domingo Batista Paulino, who had been in coma since he was injured in protests in the Capotillo ghetto on 4 February, died on Saturday. He was posthumously promoted to second lieutenant by President Hipolito Mejia. Batista Paulino was the father of 10 children by two spouses.

Raul Mondesi told the Listin Diario that the condensation of the Dominican national anthem to 30 seconds inspired the team to defeat the Puerto Ricans. For years, Puerto Rico and the Dominican Republic have been rivals in the Caribbean Series. The mistake of cutting the anthem short, however, may have cost the Puerto Ricans the …

Read more…

Foreign Relations Minister Hugo Tolentino Dipp announced the signing of a free trade agreement with Panama that reactivates an original agreement dating back to 1985. Panamanian Industry & Commerce Minister Joaquin Jacome Diez traveled to Santo Domingo to sign the accord on behalf of the Central American country. The first phase of the pact lists …

Read more…

In an effort to contain the decline of the Dominican peso that was being sold in the informal markets at RD$25 to the US$1 as of Wednesday, 5 February, the government monetary authorities have announced a new plan. The Monetary Board’s new measures focus primarily on restricting the amount of pesos in circulation to stifle …

Read more…