1998News

New power plant to go on line

The government announced that the new 100 megawatt Siemens turbogas power generator installed in the Haina power generator plant park will enter into service this week. With the Siemens plant, the state has on line six new units purchased by Fernández government to complement energy purchased by private power generators installed during the Balaguer administration. …
1998News

Fuel imports are 16% of total imports

The Dominican Republic imported fuel products for US$4,770 million during the period 1990-1997. The total was 16% of the total imports for the period, according to statistics from the Dominican Petroleum Refinery, Falconbridge and the Dominican Electricity Corporation (CDE), the three largest importers. Total imports for the period were US$29,756.2 million, according to statistics of …
1998News

Telecommunications not in free trade agreement

The free trade agreement the Dominican Republic will sign with the Caribbean will not include the telecommunications sector, according to services sector negotiator Federico Cuello. Cuello explained that the negotiators agreed to incorporate the services sector when the individual nations pass telecommunication reform bills. The DR recently passed a modern telecommunications bill. Chief negotiator for …
1998News

Dollar stable on exchange market

The Central Bank announced that new dollar rate is RD$15.34, up from RD$15.32 last week. Dollars were being sold for RD$15.42-RD$15.45 in commercial banks and exchange houses and purchased from RD$15 to RD$15.20, in these. Citibank, Scotiabank and Popular were purchasing dollars at RD$15.20. BHD was offering RD$15. Baninter, Progreso and Bancredito were offering RD$15.15.