Dolores Vicioso – Page 7251

The director of the Customs Department, Vicente Sanchez Baret, said the implementation of the GATT valuation system on 1 July ends the discretionary powers of the director of customs to adjust taxes paid on imports. From now on, taxes will be levied on the values shown by the actual transaction documents. He told El Siglo …

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The president of the American Chamber of Commerce, Andres Aybar Baez, has recommended that the government not issue US$500 million in sovereign bonds. He urged the government instead to accept a proposal from a pool of local banks that would provide credit at low interest rates and more attractive conditions. Expanding on the Chamber’s position, …

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The former president of the Dominican Association of Business Lawyers (ADAE) has criticized the government for handpicking a New York firm for its legal counsel for the sovereign bonds issue. Luis Julio Jimenez said the government should have held a tender to choose its legal counsel, the brokers, and auditing firms for the bonds. Marcos …

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The American Chamber of Commerce, the Commercial Section and the Agriculture Section of the US Embassy in the Dominican Republic announced yesterday the celebration of Expo USA, a major event to promote business between the Dominican Republic and the United States. An estimated 150 Dominican and US companies will participate in this year’s event from …

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Dominican Siamese twins Martina and Leyda died during the operation to separate them at the Massachusetts General Children’s Hospital in Boston. They had been born at the Plaza de la Salud on 10 April to Dioselyn Santana and Freddy Rodriguez. The operation lasted 10 hours.

President Hipolito Mejia gave the keynote address yesterday at the opening of the Federation of Interamerican Lawyers at the Hotel Melia Santo Domingo. During his speech, President Mejia highlighted his guarantee for a regime of law during his remaining three and a half years in government. He referred to the respect his government has for …

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The Ministry of Environment dismantled an illegal charcoal-making operation located barely 700 meters from the Enriquillo Military Station in Pedernales and one kilometer from the offices of the provincial Forestry Department. Environment Minister Frank Moya Pons has criticized on several occasions the negligence and even involvement of government officers and military in operations that lead …

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A propane gas tanker unloading fuel at Church’s Chicken fast food outlet in Naco caused a major scare yesterday afternoon. A gas hose leakage forced of Codetel’s Torre Cristal and La Isla Department store. The firemen also restricted access to traffic from Gustavo Mejia Ricart Avenue to Carlos Sanchez Street in Naco from noon to …

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The Czech Virtuosi Orchestra, a medium-sized orchestra composed of the winners of the National Music Award of Czechoslovakia, will perform in Santo Domingo and Santiago this month. Performances are scheduled for Saturday, 23 June at the National Theater and Monday, 25 June at the Santiago Teatro Cibao. The guest conductor is James Brooks Bruzzese, director …

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President Mejia said reports that the government will use the sovereign bonds money for the purchase of Hyundai vehicles and trucks are not true. The news came from a Hyundai press release and was distributed world wide by Asia Pulse and Bloomberg news services. “That is a lie; that only is in the mind of …

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