1996 – Page 96

In a recent press conference held in San Pedro de Macorís, Vice President Jacinto Peynado gave some hints about what he is looking for in his running mate: “The vice presidential candidate will be a person with characteristics that the Dominican people will accept, assimilate and like. I am not seeking a businessman, because I …

Read more…

On Tuesday 20 February, Leonel Fernández the presidential candidate for the PLD, hinted “that there is the possibility that his running mate will come from an organization outside of the PLD, an “extrapartido”. On 13 February, the PLD candidate was authorized to look outside the party by its Central Committee. Leonel Fernández has said that …

Read more…

Last week, Cardinal Nicolás de Jesús López Rodríguez, advocated a government in which all political sectors of the country will participate. The leader of the Catholic Church in the country considers that in these times no organization is capable of efficient government solely by itself. He said there is a need for every able Dominican …

Read more…

Doctor Leonel Fernández said that in a PLD government, the private sector will carry out most of the work. He was speaking at a breakfast held by the Association Nacional de Jóvenes Empresarios, an organization that groups new generation businessmen. He also said that with well oriented taxation the state can finance its development requirements …

Read more…

The JCE has already begun an educational campaign via the news media. The first phase of the campaign emphasizes the importance of actually voting in the election. A second phase will tell citizens how to vote. As established by the JCE, on the 16 May (a Thursday), women will register to vote from 6 am …

Read more…

A report in the newspaper Hoy indicates that the Partido de la Liberación Dominicana seems to be the most organized party in fund collection. The PLD says that its funds come from regular subscriptions, the holding of raffles, and other activities, confirming that it is financed by the contributions of its members and supporters. Leonardo …

Read more…

The Dominican Republic was ranked as a “mostly non-free” nation in a survey of the index of economic freedom for 101 countries. The study, prepared by Bryan T. Johnson and Thomas P. Sheehey of the U.S.-based Heritage Foundation, assesses the implementation of free market policies in all countries and grades them in order, from “most …

Read more…

The board of directors of Bancomercio revealed that it had approved the sale of 51 percent of the bank’s shares to Banco Central Hispano of Spain (BCH). Bancomercio’s president, José Ureña, told the press that BCH is investing up to US$50 million to complete the purchase. The Spanish bank recently transferred ownership of one its …

Read more…

The executive vice-president of the Junta Agroempresarial Dominicana (JAD), Osmar Benítez, appealed to the government to exempt imported capital and intermediate goods destined for agriculture from paying duties. Mr Benítez believes that this step must be taken to promote exports of Dominican agricultural products. At times, the cost of foreign materials makes our prices very …

Read more…

Martino Meloni and Manuel de Torres Simó, the representative of the European Union and the Commercial attaché at the Spanish Embassy, say that Dominican free trade zone exports of clothing to the European Union under the Lome IV Convention are entitled to the same preferential conditions sought by CARICOM in the U.S. market with the …

Read more…