1998 – Page 22

The Dominican Republic will sign today in Washington D.C., a US$117 million loan agreement with the Inter-American Development Bank (IDB). The loan is intended to help the DR resolve problems caused by, and reconstruct areas destroyed by, Hurricane Georges. The 25-year loan features a two-year grace period and a commitment by the DR government to …

Read more…

The National Treasury announced yesterday that it had delivered the monthly check RD$70 million to the Dominican Municipal League (LMD) on Monday, the same day LMD officials were complaining to the press that municipalities could not pay their workers for November because the national government was late delivering its funds transfer to LMD. Law 17/97 …

Read more…

Mexican police and Interpol agents, working in cooperation with Dominican authorities, arrested in the DR over the weekend seven people accused by Mexican authorities of working with former Mexican banker Carlos Cabal Peniche in a money laundering ring. The arrests were announced only yesterday by Mexican authorities. Dominican authorities were reluctant to discuss the case …

Read more…

The president of the Dominican Chamber of Insurers and Reinsurers (CADOAR), Dr. Luis Eduardo Guerrero revealed yesterday that the Dominican insurance industry has paid out 58.3% of claims filed this year, representing around RD$3.5 billion. The remaining 41.7%, he said, represents claims in the process of adjustment and negotiation with insured parties affected by Hurricane …

Read more…

The representative in the DR of the United Nations Children’s Fund (UNICEF) told health reporters yesterday that children in the Dominican Republic suffer serious deficiencies in several important micronutrients. Dr. Osvaldo Legén said that 70% of school children between the ages of six and fourteen years of age demonstrate iodine deficiency. Half of Dominican children …

Read more…

The Municipality of Santo Domingo and the Metropolitan Transport Authority (AMET) announced yesterday that they are considering the creation of a trolley car system in Santo Domingo. The system is proposed by a Spanish firm, Novo Internacional, and would involve an investment estimated at US$80 million. Santo Domingo Mayor Juan de Dios (Johnny) Ventura and …

Read more…

It was announced yesterday that the Dominican Republic plans on sending a large and high-profile delegation to Panama City this weekend to lobby the Pan American Sports Organization (ODEPA) to pick Santo Domingo as the site for the 2003 Pan American Games. In addition to José Joaquín Puello Herrera, president of the Dominican Olympic Committee …

Read more…

The Presidente Beer Classic, an annual horse racing event held every December at Quinto Centenario track, will be held this Saturday, December 5th, with RD$200,000 at stake. Jochy Pérez, Promotion Manager of Cervecería Nacional Dominicana, brewers of Presidente beer and sponsors of the race, provided details at a press conference held yesterday. This year the …

Read more…

The Cibao Eagles routed the Escogido Lions 7-1 last night at Quisqueya Stadium in Santo Domingo, maintaining their solid lead over the Licey Tigers in the Winter Professional Baseball Tournament. The Eagles are scheduled to face Licey tonight at 8:00 pm in Cibao Stadium in Santiago. There is currently some nervousness in the Eagles camp …

Read more…

President Leonel Fernández and a team of high-level officials yesterday called in a group of executives from newspapers and television stations for a three-hour meeting in the National Palace intended to improve understanding of, and bolster support for, government plans to "capitalize" the Dominican Electricity Company (CDE). President Fernández rejected the use of the term …

Read more…