Dolores Vicioso – Page 8220

1996 News

Time for changes in the securities exchange market

Economist Jaime Aristy Escuder believes that the security exchange market should incorporate modern elements as soon as possible. He said that the competition for investment within the region, makes the postponement the changes to adapt the exchange to modern times not possible. “The development of securities markets is a basic prerequisite to a stable and …

1996 News

Exchange rate is stable in Santo Domingo

The exchange rate was stable in Santo Domingo following the announcement of the Central Bank of its intention to inject US$20 million into the market. The market had experienced some instability attributed to electoral jitters and purchases made by the Dominican Petroleum Refinery. The rate was an average RD$13.25 for purchasing U.S. dollars and the …

1996 News

Codetel announces better service from public telephones

The Dominican communications company (CODETEL), which owns the public telephones in Santo Domingo, says that callers will now be able to use the Comunicards to make calls to the 200 and 800 lines, or for DDD and local calls, thus avoiding the use of cash. Likewise, for emergency calls. The telephones have also been programmed …

1996 News

Finance expert calls for increased financial sophistication

Raisa Gil de Fondeur, executive vice president of the Banco Nacional de Crédito, said that the country must enter now into new era of financial sophistication. She said there is the need to create medium and long term funding for business and advocated the creation of a capital market where companies can issue shares, bonds …

1996 News

Burger King opens in Santiago

Burger King opened a branch in Santiago, becoming the first major international fast food chain with a presence in that city. The chain has two cafés in Santo Domingo. Burger King’s new Santiago branch is on Avenida Juan Pablo Duarte at the corner of Estrella Sadhalá.

1996 News

Minister announces new free zone companies

The Ministry of Industry and Commerce, Doctor Jose Ramón González Pérez, has announced the approval of five new industrial free zone companies, bringing a total investment of RD$51.5 million. The new industries are in the parks in Las Americas, Bani, Santiago and La Vega. The companies are Gta International (medical items), Gaeir Industries (textiles), InterCaribbean …

1996 News

Increase of minimum wage in U.S. would benefit D.R. free zones

A proposed increase in the minimum wage in the United States would benefit the industrial free zones of the Dominican Republic, where some 30,000 jobs have been lost as a result of the entrance of Mexico to the North American Free Trade Agreement. The proposed increase has the support of both the Democrats and Republicans. …

1996 News

Construction grows 6%

The construction sector grew by 6% in 1995, which places the country in second place in the Americas in this area of the economy. Chile has the construction sector with the greatest growth in Latin America – 11%. Brazil came in third. Engineer Diego de Moya, president of the Dominican Construction Chamber, provided the figures. …

1996 News

Another sugar shortage?

Sugar industry experts are forecasting that there will be a deficit of 100,000 short tons on the local market this year, that will have to be covered by imports as most of the Dominican production will go to fulfilling its commitments in the preferential U.S. market. National consumption is estimated at 315,000 metric tonnes a …

1996 Travel News Archive Travel

Asonahores and American Express sign agreement

The National Association of Hotels & Restaurants has signed an agreement whereby the American Express’ card is designated as the official one in hotels and restaurants in the Dominican Republic. American Express will, in return, be contributing to Asonahores’s international promotional programs and personnel training. The agreement was signed by Frank Rainieri, president of Asonahores …

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Dolores Vicioso – Page 8220

Time for changes in the securities exchange market

Exchange rate is stable in Santo Domingo

Codetel announces better service from public telephones

Finance expert calls for increased financial sophistication

Burger King opens in Santiago

Minister announces new free zone companies

Increase of minimum wage in U.S. would benefit D.R. free zones

Construction grows 6%

Another sugar shortage?

Asonahores and American Express sign agreement