1999 – Page 241

Agriculture Minister Am?lcar Romero announced yesterday that the Government of Taiwan has agreed to loan RD$150 million to the Dominican Republic to foster development of food processing. He announced the loan after meeting with a delegation from Taiwan’s Economy and International Cooperation Departments headed by Dr. Savyni S.L. Kao. Although the list of projects to …

Read more…

The PRD yesterday took the battle to maintain its leadership of the Dominican Municipal League (LMD) to a new level yesterday, when lawyers for current LMD Secretary-General Julio Mar??ez Rosario filed a court brief seeking to block LMD elections on January 26th. The LMD is the official body representing the interests of Dominican municipalities. The …

Read more…

In a press conference held yesterday, Tourism Secretary F?lix Jim?nez announced the signing of an agreement with the Spanish autonomous region of Andaluc?a to provide 200,000 European Currency Units (ECUs, a European monetary unit) – about US$240,000 at current exchange rates – to underwrite the preparation of a National Tourism Development Plan for the DR. …

Read more…

After numerous complaints about the impact on tourism of unclean streets in Santo Domingo’s Colonial Zone, Dixi Sanitary Services announced yesterday the creation of a special unit that will remain full-time within the Zone to ensure that it remains clean. The unit will clean streets and sidewalks, prevent trash from accumulating on curbs and keep …

Read more…

It was revealed yesterday that the crisis in the State Sugar Council (CEA) has gotten to the point where the DR will have to import 50,000 metric tons of sugar in 1999. CEA will not come close to meeting its production targets for a variety of reasons, among them continuing problems with the Barahona sugar …

Read more…

During a luncheon yesterday sponsored by the Dominican College of Engineers, Architects and Surveyors, the President of the Stock Market of the Dominican Republic (BVRD, known as the "Bolsa") announced that the BVRD will begin selling government bonds this year. Donald Cott Creus said that the BVRD will not only sell the so-called "Certificates of …

Read more…

The Director of Internal Revenue, Juan Hern?ndez, announced yesterday that this year the maximum salary level for exemption from income tax will be raised from RD$90,720 to RD$97,800 (equivalent to RD$8,150 monthly). Under Article 327 of the Law 11-92 (Tax Code), the Directorate-General of Internal Revenue (DGII) each year can raise the exemption threshold to …

Read more…

The Licey Tigers and Escogido Lions will begin the final series of the Winter Professional Baseball Tournament at 8:00 pm tonight in Santo Domingo’s Quisqueya Stadium, where the entire final series will be played. Game 2 is scheduled for tomorrow at 5:00 pm; #3 on Friday at 8:00 pm; #4 on Saturday at 8:00 pm; …

Read more…

During his twenty-minute private audience yesterday with Pope John Paul II at the Vatican, President Fern?ndez invited the Pontiff to celebrate in Santo Domingo the Grand Jubilee Mass the Catholic Church plans for the year 2000. The invitation received no immediate answer from the Pope. If he accepts, it will be John Paul’s fourth visit …

Read more…

In notable contrast to the reception he received last week at France’s top industry body, the Patronat, President Fern?ndez heard an earful of complaints about the Dominican investment climate when he visited Italy’s top industry body, the Confederation of Italian Industry (CONFINDUSTRIA). Italian investors complained about the DR’s unpaid public debts, legal and other problems …

Read more…