1998 – Page 83

The Central Bank will release as of Saturday, 1 August RD$304 million retained from commercial banks as part of a plan to force a decline in the interest rates. The funds had been frozen when the run on the peso began.

Tropical Storm Alex has maintained its WNW track, which will take it to pass North of the Dominican Republic. The Tropical Storm is expected to bring heavy rains, principally to the north coast. At 5 am AST, the center of Tropical Storm Alex was located near latitude 16.2 North, longitude 48.9W or about 800 miles …

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Preliminary reports indicate that TWA will launch year-round service to Puerto Plata, Dominican Republic as part of a new expansion of TWA service to the Caribbean this winter. The service, is pending government approval, but is slated to begin December 17 from New York JFK. Service to Puerto Plata will be operated daily. Flight 907 …

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The special commission that is evaluating the contending sites for the celebration of the year 2003 Pan American Games is expected in Santo Domingo today. The Listín Diario reports that the commission that will visit is made up by the vice president of the Government Council of Cuba, José Ramón Fernández and Julio Villalta and …

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The Dominican delegation to the XVIII Central American and Caribbean Sports Games set for August in Maracaibo, Venezuela will be made up by 430 persons. There are 256 athletes, 62 coaches, 30 delegates, 62 arbiters, 17 physicians, 12 representatives of Dominican art and culture, 22 journalists and 15 special guests on the delegation. The goal …

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The Dominican Republic defeated Mexico 3-0 to win the gold medal in the Torneo Norte, Centroamericano y del Caribe de Volibol Infantil which took place in Mao, Valverde. Elvis Davidson, of the Dominican team, was chosen the Most Valuable Player of the tournament. By winning the event, the DR team classified to participate in the …

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A major jet ski competition will be held Sunday at Boca Chica beach, east of Santo Domingo. The competition will kick off at 1 pm with Dominicans competing against a team of Puerto Rico’s best jet ski riders. The event is part of an ongoing championship that will continue in September with a competition in …

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President Leonel Fernández announced last night on television that his government is not promoting a reform of the Constitution that would permit his re-election. Presidential re-election was banned in the constitutional reform of 1994. President Fernández said he will not seek re-election. The government announced it will send to Congress a bill that eliminates non-tariff …

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The Senate sessioned yesterday and approved the reports on the Chamber of Accounts regarding the use of money during the 1994 and 1995 years of the PRSC government of former President Joaquin Balaguer. The majority PRSC in the Senate passed the bills. The PRD and the Acuerdo de Santo Domingo abstained from voting. The Chamber …

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The government has announced the multi-million remodelling of the Robert Reid Children’s Hospital in Santo Domingo, but physicians of the hospital feel that the money would be better invested if a new and larger children’s hospital were built closer to where most of the persons who use the hospital’s services live. Attending physicians say that …

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