1996 – Page 20

The government should assign more money to the Ministry of Tourism, according to Arturo Villanueva, vice president of the Asociación Nacional de Hoteles y Restaurantes (Asonahores). He feels that the amount currently allocated is not enough for it to improve its services. He also said that if more money is earmarked for tourism, the services …

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The Dominican Republic and Haiti will establish an agreement that allows free trade between the two countries, thus stopping cross border smuggling. At a meeting held in Port au Prince, the Haitian capital, the nations’ representatives also agreed to ten important projects, with the emphasis on border infrastructure and fighting crop diseases. Other important issues …

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Economists and commercial leaders consider that the government should take immediate measures to increase the money supply, and believe that the best way of doing this is by raising public sector salaries before 1997. According to the coinciding opinions of economist Jaime Aristy Escuder, the executive director of the Asociacioón Dominicana de Importadores de Leche …

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President Leonel Fernandez has announced a privatization plan for public companies that will be submitted to Congress. The proposed plan concerns the 24 companies within the Corporación de Empresas Estatales (CORDE) which could be turned into private entities and increase their capital by contributions from private, national or foreign investors. Workers would have the right …

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The office of the Impuesto sobre la Renta (ISR) has exempted from payment of the Impuesto a la Transferencia de Bienes Industrializados y Servicios (ITBIS), a value added tax, passenger transportation vehicles, refuse collection vehicles, and raw materials supplied by the domestic market to the export free zones. This decision should increase the part of …

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The Minister of Finance, Daniel Toribio, says that the government’s income has increased by 28%, according to figures gathered from 16 August to 12 September of the current year. Mr. Toribio also said that the new government’s policies affecting the Aduanas, Rentas Internas, and Impuesto sobre la Renta should show results next month.

The capital continues to be plagued by the piling up of uncollected rubbish on its streets, and the city council of Santo Domingo has now given Attwoods Dominicana, the contractors for collection, a period of one week to improve its services or lose its contract with the central government. Attwoods, which is effectively under the …

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The National Attorney General, Abel Rodriguez del Orbe, told the news media last week that he favors the extradition of the former Argentine Ambassador to the Dominican Republic, Teresa Meccia de Palma, together with her husband and son, for their alleged involvement in the murder of 12-year-old Jose Rafael Llenas Aybar, who was stabbed to …

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Although the eye of hurricane Hortense passed well to the northeast of Hispaniola Island, the east and northeast of the D.R., particularly Higuey, Nagua and Samana, were affected by the heavy rains and strong winds. In Higuey there were 3 deaths, 21 people missing and millions of pesos of damage to buildings and crops due …

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The general administrator of the Corporación Dominicana de Electricidad (CDE), Temistocles Montas, told the newspaper Hoy that there are over 500 areas in the capital and the interior that are without electricity service because they have not been able to buy new transformers to replace the ones that have exploded due to overloads caused by …

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