1998 – Page 10

The Public Enterprise Reform Committee (CREP) has again postponed the tender to choose the companies that will be in charge of the new capitalization of the Dominican state utility, Corporaci?n Dominicana de Electricidad (CDE). The bidding companies and the CREP have not reached an agreement as to the market value to be assigned to the …

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The peso is gaining this week on the US dollar after losing value for the past weeks. The US dollar was being sold for RD$15.75 in banks. Commercial banks maintain their purchase price of US dollars at RD$15.40-RD$15.50. The Central Bank rate is at RD$15.51 to the dollar. The dollar had hit highs of more …

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The Plaza de la Salud, the advanced medicine center built and operated by the Dominican government in Santo Domingo, is announcing that its Center for Diagnostics and Advanced Medicine, Laboratory and Telemedicine will be operational at the end of January. This will be the most technologically advanced medical facility in the country. It will provide …

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Lawyer Carlos Balc?cer showed a video at the Court of Appeals of Santo Domingo where an officer of the Direcci?n Nacional de Control de Drogas (DNCN), the anti-drug government organization, is seen cuffing the ears of Luis Manuel Matos F?lix, arrested in regards to the Phoenix boat cargo of 953 kilos of cocaine that was …

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The Ministry of Industry and Commerce says that the new unleaded gasoline that will be available next year will sell for the same price per gallon as consumers pay for the leaded gasoline it replaces. The Ministry says that the gasoline that will be available as of 1 January 1999 and will be 95 octane …

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With the presence of more than 250 journalists, including over 100 that came from abroad, Juan Lu?s Guerra launched his latest compact disc, "No es lo mismo ni es igual." The CD is the third top Latin hit of Billboard Magazine. Billboard today rated the CD as "the greatest gainer" on the chart of leading …

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The city of Santo Domingo will be host to the Pan Am Games in 2003. It is possible that a new sport will then be introduced at these games, with the Dominicans getting a head start at developing gold medal proficiency. The List?n Diario points out on the front page of its sports section today …

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The second best paid ball player in the US Major League Baseball, Dominican pitcher Pedro Mart?nez was sentenced to pay RD$150,000 (about US$9,500) and banned from legally driving in the DR for a year. Mart?nez was also ordered to pay the legal costs of the trial. The judgment came after a six year hearing. The …

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The state electricity utility, the Corporaci?n Dominicana de Electricidad and Smith-Enron, the private consortium that built and operates a major power plant in Puerto Plata, have signed a memorandum covering points under dispute. The Fern?ndez administration disputes the unfair and privileged conditions awarded to the company by the Balaguer administration under which the power plant …

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The Political Committee of the Partido Revolucionario Dominicano, the leading opposition party, chose to desist from recommending its senators to abandon Congressional sessions but reiterated the party’s "presidium" or ruling body’s decision to not approve any bills presented by the Fern?ndez administration. The PRD wants the ruling party, the Partido de la Liberaci?n Dominicana (PLD) …

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