Dolores Vicioso – Page 7136

El Caribe reports on the recent births of a second generation of the Ashy-faced Barn Owl species at the Santo Domingo Zoo. The Ashy-faced Barn Owl is in danger of extinction on the island of Hispaniola, due to the encroachment of human populations on its habitats and the menace of the bigger and stronger North …

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Diario Libre reports that the amount of drugs confiscated in Dominican jails would be enough to serve a portion of marijuana, crack or cocaine to one out of every six inmates in the total jail population of 17,000. Last year, the authorities confiscated 2,552 portions of drugs from 35 inmates. The newspaper reports that the …

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President Hipolito Mejia said there is no reason to fear that the Pan American Games will be prevented from being held in the Dominican Republic. He again promised that the government would meet all the original commitments it had made in connection with the Games. ?Here, everyone is afraid of everything. We have the syndrome …

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The Minneapolis Star Tribune newspaper is running a five-part series on the Major League Baseball academies operating in the Dominican Republic. These academies have been established as the teams seek to find the next Sammy Sosa and Pedro Martinez, while securing their services at bargain prices. The Star Tribune series, written by Jim Souham, reports …

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In an induction ceremony attended by celebrities such as merengue bandleader To?o Rosario, President Hipolito Mejia swore in his new attorney general, the virtually unknown Victor Cespedes. Cespedes replaces Virgilio Bello Rosa, who resigned after publicly referring to lack of will within the government to fight corruption.  El Caribe newspaper describes Victor Manuel Cespedes Martinez …

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El Caribe newspaper reports that the government has told the two Spanish electricity distribution companies, Edenorte and Edesur, that under no circumstances will it allow their supposed financial problems to serve as an excuse for the distributors to pressure or demand injections of capital from the state. The government, a 50.01 percent owner of the …

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Last month the Central Bank?s current account for cash advances to financial institutions increased by more than 100 percent compared to the month of November, reports Hoy newspaper. In November, the balance for the account was RD$2.8 billion, rising to RD$5.6 billion in December. The variance between November and December represents the highest increase ever …

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The Central Bank has issued RD$5 billion in certificates of deposit in the past four months and intends to auction an additional RD$2 billion on Monday. The interest rate for the certificates, however, has yet to be revealed. Ostensibly, the plan is to freeze the money in the Central Bank and in so doing control …

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JPMorgan is wasting no time with the new sovereign bonds. The Sovereign Bond Law was ratified by the government yesterday, and already JPMorgan, the foremost fiscal agency involved with the bond placement, is promoting a tentative road show scheduled for the coming week.  The information available is:  JPMorgan Leads Issuer: Dominican Republic (Ba2/BB-) Structure: RegS/144A …

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This morning, with the removal of the ceiling price of 20.65, all banks and exchange rate houses were buying dollars at rates between RD$22-23. The sell-rate ceiling price of RD$20.80 was also abolished.