Dolores Vicioso – Page 7126

Articles in the newspapers Informacion of Santiago and Hoy of Santo Domingo focus on the need to streamline access to the power grid for major energy users. In a speech given in La Vega, Luis Jose Bonilla Bojos, the president of the Chamber of Commerce and Production of Santiago, told his audience that direct purchases …

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Today?s Hoy newspaper contains two announcements from the Civil Aviation Board. The first lists the request of US Airways for routes from Santo Domingo, Santiago, La Romana, Punta Cana and Puerto Plata to Boston, New York, Newark, Washington, Baltimore, Chicago, Pittsburgh, Charlotte (NC), Miami, Ft. Lauderdale, Orlando and Tampa-St. Petersburg. This would make US Airways …

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A new informal money market has opened for business solely designed to deal with the marked, disfigured or torn currency that is being removed from circulation this week. For a 10 percent fee, the otherwise worthless marked currency will be exchanged. According to the president of the Dominican Federation of Businesses (FDC), Ivan Garcia, businesses …

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An alleged thief and his arresting officers were taped yesterday as the policemen punched the alleged criminal inside the police station. This punishment was seen on national television last night, via RNN, Channel 27, and appears in today?s Listin Diario. The incident occurred in Pueblo Nuevo, north of the city of Ban?, where the suspect …

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The highway patrol arrested 65 drivers for illegal transit on prohibited roads over the holiday weekend of 21 January and 28 people were arrested for speeding on the highways. From 19 to 25 January, the Highway patrol handed out 547 citations: 103 for speeding, 41 for license plate infractions, and 68 for missing lights ? …

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In a study circulating within the banking community, money exchange is shown to be one of the most profitable businesses in the country. Last year, according to the study, the exchange sector showed profits of RD$2.8 billion. The hard currency markets, controlled by a handful of individuals, manipulated over US$4 billion last year. Not taking …

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El Caribe newspaper headlines a 12-percent price hike for the coming month. This new rise in electricity is due to the upswing in oil prices, the fluctuation of exchange rates, and inflation, and users at the 500kWh-level can expect to see a monthly increase of RD$165. In a related story, the Department for Consumer Protection …

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Haiti received US$100.2 million in Dominican exports in 2002, at an increase of 26.2 percent, and leaving them third in line, behind the United States and Puerto Rico. The most significant products exported to Haiti included construction materials, such as cement and re-bar, red wine, and flour. Eggs, however, were the leading Dominican export to …

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The price of propane gas was up again last week, soaring to an all-time high of RD$541.35 per tank. This represents an increase of almost RD$50 over the past two weeks and is sparking concern over deforestation. Previous governments had subsidized cooking gas to discourage the use of charcoal as a cheaper alternative. Nevertheless, President …

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President Hipolito Mejia announced that the government will borrow US$50 million to cover the cost of asphalt needed for the Pan American Games and other public works. The Dominican Republic normally sources its asphalt from Venezuela, but due to the current political turmoil in that country, suppliers have not been able to dispatch the material. …

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