1996 – Page 16

President Leonel Fernandez will travel to New York to speak at the United Nations on 2 October. He is scheduled to remain there for three days. He will participate in the Dominican Week events organized by the law firm of Dr. Luis Heredia Bonetti. President Fernandez is set to speak on 3 October at the …

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Among the changes in politics in the D.R., that has come with the switch to a President who can see things for himself, after six years with blind President Balaguer, citizens now consider it a good idea to protest or seek government favors by parading in front of the National Palace with their banners. The …

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Between 16 March and 21 September, 1996, Banco Popular increased its paid-up capital by 1,260,876 new ordinary shares realizing a value of RD$63,043,800. Manuel A. Grullon, President of Banco Popular, made the announcement, adding that 20% of the monies had gone to its legally required reserves.

A common duty of between zero and 10%, levied on goods crossing the border between the Dominican Republic and Haiti has ben suggested as a way of encouraging trade between the two countries. The idea, proposed by Luis Moquete Perez, a Dominican-Haitian representative, would be the basis for establishing a legal framework for bilateral trade …

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The Asociacíon de Fabricantes de Conservas del Agro (AFCONAGRO) has announced that it ´is financing the planting of tomatoes in the Azua valley and other southern areas, with an investment of RD$325 million. Engineer Amable Padilla, who is the executive secretary of AFCONAGRO, said that more than 7,000 small farmers are involved in producing the …

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The Japan Ambassador says that his country is willing to expand its technical and financial assistance to the Dominican Republic. Mitsuhiro Nakumura said that the Japanese government is always open to plans for agricultural development in the areas that the authorities consider important.

As a result of a rise in hotel occupation, the total income from room sales increased by RD$25,141,000 in 1995, arriving at a total of RD$278,613,000 compared to RD$253,472,000 in 1994 . According to a report issued by the Asociacion Nacional de Hoteles, the average room occupancy rate in 1995 was 76.4%, an increase of …

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The United States Embassy says that the Dominican Republic has one of the more advanced telecomunications systems in Latin America, and that the main business related magazines and newspapers can be purchased. It states that the services offered by the Compañía Dominicana de Telefonos, Telepuerto San Isidro, and the All American Cables and Radio Company, …

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The Corporación Dominicana de Electricidad (CDE) has announced that its electricity production is falling below demand by about 140,000 kilowatts, due to the malfunctioning of the Itabo II generator.

The Monetary Board of the Central Bank has ordered that the operations of remittance agencies and foreign currency exchange houses participating in the foreign currency exchange market be officially regulated. From now on, such businesses will be called Exchange Agencies. The new regulations will provide a higher degree of security for the monies sent by …

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