1998 – Page 157

The Listín Diario reported that the Dominican Republic and Central America seek to negotiate a free trade agreement with the United States. Ministers of Foreign Relations of Central America met in Washington D.C. this week with U.S. Secretary of State Madeleine Albright to discuss this possibility. Ministers from Costa Rica, El Salvador, Nicaragua, Honduras, Guatemala …

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Latin Trade magazine announced it will recognize President Leonel Fernández for his government style and for its efforts at achieving transparency and higher ethics in government. The President will receive the award at the Latin American Conference on Transparency in Government, organized by Latin Trade, at the Hotel Four Seasons of Mexico City from 27-28 …

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The Junta Central Electoral said that it will be issuing checks to the parties to fund the political campaigns. The parties are slated to receive as of 26 March some RD$171 ,683,880, or 0.5% of the central government budget, as consigned in the Electoral Law. 80% of these funds will be distributed in equal parts …

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The peso slumped yesterday down to the RD$15 to the US$1 level. Banco Nacional de Crédito (Bancrédito) was buying at RD$14.50 and selling at RD$15.10. Banco Popular was buying at RD$14.35 and selling at RD$14.95. Banco Mercantil was buying at RD$14.60 and selling at RD$14.90. Gerencial y Fiduciario was buying at RD$14.35 and selling at …

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Cristina Saralegui told David Viñuales, Listín Diario newspaper correspondent in New York City, that she has no way of knowing if the people that she says request to appear on her show to tell their stories are lying to her. Recently, Dominican TV investigative reporter Nuria Piera exposed on Dominican television the story of several …

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Former President of the Republic, Dr. Joaquín Balaguer, leader of the PRSC said many years ago, "despues de mi, el diluvio." (after me, chaos), and this seems to be his legacy to the Partido Reformista Social Cristiano (PRSC). The blind former statesman, who despite his over 90 years and being out of power still maintains …

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Attorney General Abel Rodríguez del Orbe accused the judges of the Tribunal Superior de Tierras, the property court, and lawyer Mario Read Vittini of maneuvering to delay the legal annulling of the property titles to lands issued to those illegally purchasing the lands adjacent to the Bahía de las Aguilas. The lands legally belong to …

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Judge Juan Maria Severino is known as the hangman, for his harsh sentences. The 67 year old judge is also known for his 27 November 1988 judgment whereby he condemned former President Salvador Jorge Blanco to 20 years of prison and the payment of a fine and indemnification of more than 100 million pesos to …

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The Listín Diario reported that businessmen and government are in favor of restructuring the tax system to lower import duties to the levels of Central America. The DR is about to sign a free trade agreement with Central America nations where imports pay much less. The businessmen fear that if the tariffs are not reduced, …

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The Minister of Foreign Relations Eduardo Latorre emphasized that the DR needs to sign free trade agreements with both Central America and the Caribbean Community at the same time. He said that these represent a market of 60 million persons. He said that then the region will be in a better position to negotiate with …

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