1998 – Page 182

According to Minister of Tourism Felix Jiménez, the tourism industry accounts for the largest real estate investment in the country. The tourism industry also represents the largest foreign investment in economic sectors. At the end of 1996, the investment in hotels in this country reached RD$17,899 million, or a total US$1,243 million invested in 35,729 …

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President Leonel Fernández accredited the new ambassador for the European Union in the D.R., Roger Lendeers, and the Ambassador of Sweden, Hans Linton, in a ceremony at the National Palace. Mr. Lendeers, born in Belgium in 1938, is a graduate of industrial engineering and agronomy. He has held positions in Surinam, Guinea, and Namibia. Mr. …

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The president of the Chamber of Deputies, Rafael Peguero Méndez lifted the sanction on deputy Andrés Vanderhorst. Méndez had all but ousted Vanderhorst from the Chamber after the latter questioned the honesty of deputies when he stated that stacks of money had been distributed for the passing of the telecommunications bill. Public opinion converted Vanderhorst …

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Two Dominican universities that primarily catered to foreign medical students were closed down by the government. President Leonel Fernández ordered their closing following an evaluation that revealed they did not meet minimum requirements for a degree in medicine. The Universidad Federico Henriquez y Carvajal and the Universidad Eugenio Maria de Hostos, that provided medical instruction …

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The Dominican Petroleum Refinery, a joint venture of the Dominican government and Shell Company, will invest RD$7 million to make the conversion to an unleaded gasoline refinery. Donald Huberts, general manager of the refinery, said that the low investment is because, over the years, the refinery has invested in the necessary modifications. As of January …

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International news services report that an important discovery of copper-gold porphyry was found in the Majagual area of central Dominican Republic. I.M.P.A.C.T Minerals, an emerging growth company engaged in the international exploration and development of base and precious metal properties, is currently focusing its exploration activities in the D.R. IMPACT trades on the Vancouver Stock …

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Former administrator of the CDE, engineer Ramón Pérez Martínez criticized the government for basing the immediate solution of the present energy supply crisis on the installation of six turbogas plants purchased from a French company. He said these plants use a "fragile technology," whereby they could break down easily, and are very costly to operate. …

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Former President Joaquín Balaguer resumed his afternoon walks along the Mirador Park on Sunday, after weeks of reclusion. The nongenarian politician had suspended his walks after he caught a cold. Upon recovery, he continued to stay at home to avoid meeting with certain party members that seek nomination for the 1998 municipal and congressional elections …

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Meanwhile, Federico Antún Batlle, political secretary of the PRSC, announced that only last minute details are missing for the PRSC and the PRD to announce an alliance for the municipal and congressional elections. Dr. José Francisco Peña Gómez, leader of the PRD, confirmed an imminent alliance on Sunday, 15 February, when he stated during the …

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The Autódromo Las Américas is now Nacam and FIA approved. Julian Abed, representative of the organizations, inspected the race track currently in its final construction phase. In his opinion, the new Santo Domingo race track will be the best in the Caribbean. "The Las Americas race track fulfills all the requirements. We have no doubt …

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