Dolores Vicioso – Page 7302

El Siglo newspaper reports on another conflict between a government department and the very active Minister of Industry and Commerce. Santiago Tejada, who is in charge of trade negotiations at the Ministry of Foreign relations, reportedly criticized Angel Lockward’s handling of DR negotiations on the Free Trade Agreement of the Americas. The Mejia government gave …

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El Caribe newspaper reports that a recent International Monetary Fund report estimates inflation in the DR will be 11% this year. The Central Bank, on the other hand, has forecast single-digit inflation for this year. The IMF concurs with the Central Bank that the economy will post a 6.5% growth rate by the end of …

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Regular gasoline is now RD$37.38 (down from RD$38.16) Premium gasoline RD$43.08 (down from RD$43.82) Regular diesel RD$22.42 (down from RD$22.75) Premium diesel RD$24.68 (down from RD$25) Propane gas RD$17.25 (down from RD$17.52)

The Chamber of Commerce of Taiwan in the DR has donated 10,000 bicycles worth about RD$1 million. The Ministry of Education will give the bicycles to children living in rural communities so they can ride to school. The bicycles had been announced as part of the Mejia administration’s social program that seeks to compensate citizens …

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Economist Andres Dauhajre says that it is unfair for the government to authorize an increase in power bills since Dominican consumers are already paying the highest rates in Latin America. He said the government should instead focus on renegotiating the contracts signed with power generators that he says are charging abusive rates. He urged that …

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The director of the Economy Department of the Pontificia Universidad Catolica madre y Maestra (PUCMM), Father Jose Luis Aleman, said the social security bill will bring major problems for the government. He said the government will have to make a contribution to the pension plan of 7.5% of each employee’s salary. He said the next …

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Former President Leonel Fernandez is accused of defrauding the state of RD$35,000 million in connection with the privatization of the Dominican Electricity Corporation. A group of private citizens presented the case to First Instance Court of Judge Enrique Marchena. Also accused of fraud are Antonio Isa Conde, former president of the Commission to Reform Public …

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The Ministry of Public Works signed a contract yesterday with Consorcio para el Desarrollo Ferroviario Nacional. The consortium plans to invest US$300 million to build a 160-kilometer long railway from the Port of Haina to Santiago, in the center of the DR. Minister Miguel Maldonado said the tracks will go up on a 15 meter …

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The European Union has available 176 million Euros (approximately RD$2,500 million) for education, environmental, geology and mining projects in the DR. Manuel Caceres Troncoso, in charge of the European Union programs, said the money would begin to be distributed next year. The Dominican government is required to advance a RD$25 million counterpart to the funds, …

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