1996 – Page 17

Economist Porfirio Garcia considers that if the United States-Iraq conflict continues, the country will have to find more US dollars to purchase the same quantity of petroleum, which will contribute, in his judgment, to increase the balance of trade deficit and limit the government’s revenues. He mentioned that the price of oil has reached US$23.55 …

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The Central Bank and the financial intermediaries have created many obstacles for farmers to access the more than RD$2,000 million that the government has earmarked for them. In spite of the funds being available, the banks refuse to make the loans, arguing that the margins are not attractive. Jose Miguel de Peña, a prominent farmer, …

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Lawyer Luis Heredia Bonetti and banker Andres Aybar are of the opinion that the Monetary and Financial Bill should be approved as it was presented to Congress. Mr. Aybar maintains that the modifications made by Congress, could only delay the passing of the Bill into legislation.

The president of the Confederacion Patronal de la República Dominicana, Nassim Alemany, says that the increase in marine freight charges will affect the production costs of manufacturing companies and will be passed on to the consumer. Mr Alemany explained that the decision taken by the Confederación del Atlantico Norte to increase the ocean fright charges …

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The director of the National Statistics Office, Maritza Rossi de Perez, says that her department will soon publish the final results of the VII National Census that was carried out in September 1993. She said her department has increased the number of personnel to process the data and it should be completed in four months. …

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Dr. Jose Francisco Peña Gomez left the D.R. for New York and will undergo surgery by Dr. Murray Brennan to remove multiple cancerous tumors which have resurfaced in his abdomen. Dr. Peña Gomez, a three-time presidential candidate and current leader of the Partido Revolucionario Dominicano (PRD), will have the operation at Memorial Hospital in New …

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Approximately 3,000 large rubbish cans were distributed throughout the capital over the weekend of 20-22 September during a clean-up operation headed by television producer Roberto Salcedo. Civilian volunteers and military personnel participated in the operation. The city was divided into seven zones which had the most rubbish accumulated in the streets. In addition to several …

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On Wednesday, 18 September, inmates at La Victoria prison in the National District staged an uprising which resulted in the death of at least one prisoner and eight others receiving injuries. The prisoners gave a series of demands to the attorney general of the National District, Guillermo Moreno, the chief of the National Police, Camilo …

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Last week a commission of government and business leaders, headed by Foreign Minister Eduardo Latorre, visited Haitian President Rene Preval in Port-Au-Prince. Among the issues discussed and resolutions reached was the creation of a permanent bilateral commission to identify, study and present solutions for problems on the Dominican-Haitian border, particularly illegal Haitian migration to the …

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Jose Antonio Molina of the Dominican Republic is to conduct the London Symphony Orchestra for one concert in the middle of October. Mr. Molina will conduct the orchestra for the performance of ten songs from the forthcoming C.D. of Mexican singer Alejandro Fernandez. Here Molina is scheduled to open the National Symphony Orchestra season on …

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