1998News

Formula set to settle state firm debt with Banreservas

At the meeting held yesterday at the National Palace, President Leonel Fernández approved the settlement plan presented by officials of the Banco de Reservas (Banreservas) and the Commission for the Reform of Public Enterprise (CREP) in regards to the tremendous debt owed Banreservas by state firms headed for capitalization. The Dominican Electricity Corporation (CDE), State …
1998News

Leftist groups seek to block capitalization

Just two weeks before CDE becomes the first state-owned enterprise to be put to bids in the Government’s capitalization program, a coalition of five leftist organizations have announced that they will seek court actions to block the program’s implementation. The Patriotic Union (UPA), Dominican Workers Party (PTD), Dominican Popular Movement (MPD), Communist Workers Party (PCT) …
1998News

Free zones set new export record

The Director-General of the Corporation for Industrial Promotion (CFI), José Tomás Pérez, reported yesterday that the nation’s free zones ("zonas francas") will set an export record this year, exporting around US$3.1 billion worth of goods and services despite the production interruption caused by Hurricane Georges. In the 1997 the zones exported US$2.6 billion. Pérez projected …
1998News

SESPRES warns of false permits

The Ministry of Public Health (SESPRES) issued a warning yesterday against a group of swindlers, passing themselves off as SESPRES officials, extorting money from merchants, producers and others in exchange for falsified sanitary permits and certificates. Many establishments, including colmados, supermarkets, restaurants, bars, food processors and others, are required to get special permits or certificates …
1998News

Police plan massive presence to keep holidays safe

National Police (PN) spokesman Simón Diaz announced yesterday that the PN’s chief, Major General José Aníbal Sanz Jiminián, has ordered a nationwide mobilization of 25,000 police officers starting next Monday with the aim of keeping the holidays safe for citizens. The operation will last until Three Kings Day (Epiphany), January 6th. Diaz said that normal …