2003News

Sorting out who owes who

Edenorte and Edesur, both Union Fenosa power distributors, denied that they owe the government Dominican Electricity Corporation (CDE) RD$1 billion, as Finance Minister Jose Lois Malkum has firmly asserted.  El Caribe newspaper reports that the companies in turn say the government departments owe them RD$560 million for government offices consumption. According to Diario Libre, the …
2003News

La Vega Carnival

Perhaps the most colorful carnival celebration in the Dominican Republic, the La Vega Carnival opens this afternoon with the Raffy Matias merengue band to set the stage. In a break from tradition, the first Saturday parade will be held this year, with subsequent parades scheduled for all the following Sundays leading up to 1, 8, …
2003News

Local bonds for farm debts

The government is contemplating the issuance of RD$1.3 billion in bonds to cover old debts carried by the farming and animal husbandry sectors. Finance Minister Jose Lois Malkum made the announcement after a meeting with President Mejia and a high-ranking commission of administration officials. The bonds would be offered through Banreservas and Banco Agricola, both …
2003News

Nice paying job

The former Dominican consul in Cape Haitian, Radhames Garcia, now under indictment for the trafficking of illegal Chinese immigrants, revealed to reporters from the Listin Diario that he made US$1.5 million during his two-year tenure in Haiti. According to him, his official salary was US$4,500 a month, with an additional entitlement of US$50,000 to US$60,000 …