Dolores Vicioso – Page 7230

Alexis Garcia, president of the Dominican Volleyball Federation announced that the government will build a RD$54 million state of the art National Volleyball Pavilion in the Juan Pablo Duarte Olympic Center. The volleyball pavilion will be ready in time for the volleyball competitions of the 2003 Pan American Games. He said the air-conditioned facility would …

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Dominican telecommunications company, Tricom announced the purchase of all the shares of Telecable Nacional, the country’s largest cable TV company. Telecable Nacional has cable TV operations in Santo Domingo, Puerto Plata and La Romana, with an estimated 60,000 subscribers. Arturo Pellerano, chairman of TRICOM commented, “The acquisition of TCN has positioned TRICOM to be the …

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Jose Joaquin Puello, president of the Organizing Committee of the Pan American Games announced the payment of 10% advance to builders of the venues for the games that will primarily go up in the Mirador del Este Park and the Juan Pablo Duarte Olympic Center. Jose Joaquin Puello said that RD$56.9 million pesos were assigned …

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The Dominican Republic defeated Canada 25-13, 22-25, 25-18, 25-22 to win the four-country world championship-qualifying volleyball meet held in the DR last week. Both countries had already locked up the two available spots for the world championships to be held next year in Germany after each winning their first two matches. The Canadians were ranked …

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Diplomatic sources interviewed by El Siglo newspaper say that the new aspiration of Mexico to one of the rotating seats on the UN Security Council violates principles established in the charter of the UN. Diplomatic sources say the DR should appeal to the principles of precedence (the DR presented its candidacy in 1997, Mexico in …

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Listin Diario reported on Saturday that the government in 11 months has had Congress pass US$586 million in loans, most with foreign commercial banks. The ruling PRD party is majority in the Senate. Pending for congressional approval is US$500 million in sovereign bonds, and another US$200 million Interamerican Development Bank loan requested by the Central …

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Economist Ruddy Santana writes today of the turn about in the proposed use of sovereign bonds funds. While initially the bonds were proposed to build highways where the money would be recovered through tolls, the Senate bill passed recently authorizes the use of the funds for 100 small and medium-size projects to go up in …

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President Hipolito Mejia sent to the Senate an agreement for the construction, development and operation of a nation railroad system, as reported in the Listin Diario newspaper. This would be an investment of US$300 million, or RD$5,000 million. The government is granting a 50-year concession to a Puerto Rican group, whose identity and track record …

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The government and the public school teachers union, ADP, reached an agreement that would postpone union wage increase demands for next year. The government instead offers to build 13,360 dwellings for the public school teachers through the Instituto Nacional de la Vivienda, Banco Nacional de la Vivienda and the Instituto de Auxilios y Vivienda. For …

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