Dolores Vicioso – Page 8217

The president of the Asociación de Industrias de la República Dominicana, Celso Marranzini, says that the 5.7% decline in manufacturing outside of the industrial free zones reported last week by the Central Bank reflects the difficulties industry encounters in this country where government policies favor imports and commercial activities, rather than production and exports. He …

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The Balaguer administration’s officers are divided over the ruling that was drawn up to regulate sugar imports. The proposed rules are supported by the Ministry for Foreign Affairs, and its minister, Carlos Morales Troncoso, a former director of the State Sugar Council (CEA) and former top executive of Central Romana, the nation’s largest private sugar …

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The Central Bank report on the economic indicators for the first quarter of the year shows that the Gross Domestic Product has grown 5%, up from 2.5% for the same period last year, inflation has been 6.7% for the past 12 months, international net reserves grew by US$35.8 million, the prime interest rate is 20.5%, …

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The government reported a new record in tax collections during the first quarter of the year. Some RD$459.4 million more was collected this January, February and March than during the same months in 1995, according to the monthly publication of the national budget office, the Oficina Nacional de Presupuesto. Government collections for the first three …

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The vice president of Liz Claiborne International, Liz Kane, said last week upon visiting the Dominican outlet that the local franchise is the largest outside of the United States and is a replica of the store the company has on Fifth Avenue in New York City. Angel Guidicelli was the architect, while the interior decoration …

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The Monetary Board authorized the Central Bank to assume control of the operations of the Banco del Comercio Dominicano which is in the final stages of selling its majority shareholding to the Banco Central Hispano de España. The Central Bank took the action to stop a run on the bank that would cause its collapse. …

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The principal executives of Petrolera Once Once, Jaak and John Rannik, say that after carrying out new seismographic studies they have decided to relocate their third exploratory drilling for natural gas. They will be drilling the third 2,000 feet hole in La Guiza, San Francisco de Macorís, after analyzing data from their first drilling which …

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