Dolores Vicioso – Page 7289

Hoy newspaper points out that the Central Bank is late issuing the figures for the first trimester of the year. The economic editor of the newspaper Mario Mendez says that for years the bank has issued the report 20 days after the close of the trimester. Now 40 days after the close of the period, …

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The National Committee of Salaries approved 40% wage increases for construction laborers. The highest wage increase so far approved for other sectors was 18%. The increase is effective 24 May. Days will now be paid at the following rates: Non skilled laborers RD$147, skilled laborers RD$161, assistants RD$189, third category operators RD$215, second category operators RD$280, …

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The town of Jarabacoa closed down for 12 hours yesterday to protest the government’s decision to go ahead with construction of the Manabao Dam. President Hipolito Mejia, a strong supporter of the project, announced he would visit Jarabacoa on Sunday to discuss the dam with the community. 

The Chamber of Deputies approved changing the name of the Las Americas Highway to that of Dr. Jose Francisco Pe?a Gomez Highway in honor of the former leader of the government party. The Dr. Jose Francisco Pe?a Gomez Highway would run from Duarte Bridge to San Pedro de Macoris’s Higuamo Bridge. The deputies passed the …

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The Santo Domingo Court of Appeals annulled the case of corruption in office against former President Salvador Jorge Blanco (PRD-1982-1986). He had been sentenced in 1988 to 20 years in prison and fined RD$100 million. The court ordered a retrial in the case against him and his collaborators Leonel Almonte, retired General Manuel Antonio Cuervo …

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President Hipolito Mejia has decorated Noble prize winner, former Polish President, Lech Walesa and former President Oscar Arias of Costa Rica with the heraldic order of Christopher Columbus, rank of golden cross.  Walesa is scheduled to receive an honorary doctorate from the Pontificia Universidad Catolica Madre y Maestra today. Walesa and Arias are visiting for …

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The tender for the selection of a company to exploit the estimated US$2 billion gold and silver reserves of the Rosario Dominicana mine in northeastern Cotui will take place in July. This was confirmed by Mario Pe?a of the government mining unit. The tender has been postponed on numerous occasions.  Pe?a said companies that have …

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Finance Minister Fernando Alvarez Bogaert has revised the forecast for this year?s growth from 6.5% to 3-4%. This is a drop from the 7.8% posted last year. He forecasts an inflation rate of 7% for 2001.  The Minister attributed the drop in growth to high petroleum prices and the slow down of the US economy.  …

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