Dolores Vicioso – Page 7254

Jacinto Peynado suggests in an article in Listin Diario the government could gain the same benefits, such as improving the country’s risk rating, by issuing a manageable US$100 million in bonds for starters. The PRSC opposition leader criticizes the issuing of US$500 million bonds. He said that would represent 15% of the total accumulated public …

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Unless the government changes its mind, summer will bring two blows to the pockets of Dominican consumers. An El Caribe editorial points out the announced 20% increase in power bills for anyone who has an air conditioner at home and for businesses and industries that consume over RD$1,500 a month in electricity. In addition, the …

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Supreme Court president, Jorge Subero Isa, said that the courts could take legal action against the power distributors if power is cut to any courtroom. The Supreme Court and the Attorney General’s Office say they have paid RD$4 million for power consumed and maintain discrepancies with their assigned distributor over billing.

Elpidio Ortega, governor of the Columbus Lighthouse, said the monument’s beacon will only be turned on on weekends. He explained the lighthouse now pays RD$500,000 a month after an increase in its electricity bill. He said the lighthouse will be turned on for two hours on Friday, Saturday and Sunday.

Former President Joaquin Balaguer will convene an extraordinary meeting of the Executive Central Committee of the PRSC party tomorrow. Political analyst Orlando Gil of El Siglo speculates that behind this meeting could be the intent to make changes in the party’s board, replacing acting president Donald Reid Cabral with Luis Toral. The party could also …

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A small plane took off this morning at 6 am and will fly over the nation until 4 pm, anointing Dominicans with 370 gallons of blessed olive oil. The plane will follow the route from Santo Domingo, San Juan de la Maguana, Pedernales, Jimani, Elias Piña, Barahona, Santo Domingo, San Pedro de Macoris, La Romana, …

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Hoy newspaper reports today on a flu-like cold that is affecting Dominicans. Dr. Jesus Feris Iglesias, in charge of the Infectious Diseases Department of the Robert Reid Cabral Children’s Hospital, recommends those who catch the seasonal flu named “Capotillo” (for the slum where violent confrontations have taken place between police and residents) should not take …

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The organizing committee of the 2003 Santo Domingo Pan American Games has signed a contract with Auding Latinoamericana for the management of transportation during the summer games. Jose Joaquin Puello, President of the committee, said that Auding was in charge of transportation during the Barcelona Olympics in 1992.

The Director of Customs, Vicente Sanchez Baret, has confirmed that the implementation of the GATT on 1 July will mean imported goods sold locally will be more expensive. At present the government uses a sub-valued price list to calculate taxes. For example, El Siglo reports that on the present list a washing machine is valued …

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The Income Tax Department (DGII) has announced collections were up 60% in May compared to the same month last year. Taxes were significantly increased when tax reform went into effect in January. Budget Office Director, Luis Ernesto Perez Cuevas, said overall government tax collections for May were RD$5,083 million. The government budgeted annual collections of …

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