1999 – Page 31

The El Siglo newspaper says that 1999 was an extraordinary year for banks in the DR. Up to September, banks had reported profits of RD$1,417.6 million, or a 31.6% growth compared to results of last year. The growth rate is more extraordinary when compared to the 6% growth of banking from 1997 to 1998. The …

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Only two of 24 persons on board a motorized boat (40 horse power motor) that set out to reach Puerto Rico on Friday afternoon have been rescued. José Antonio Molina was rescued at 7:30 am on Saturday by a Panamanian flag ship, and Osiris Morales by a Hong Kong flag ship. Their ship had capsized …

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Rando Camasta will represent the Dominican Republic in the important Festival OTI of Veracruz, Mexico. Camasta will participate with "Que nos pasa", a song he composed himself. Rando Camasta is the author of the very successful "Derroche" song. Manuel Tejada wrote the musical score.

Cardinal Nicolás López Rodríguez blessed Sammy Sosa’s new US$5 million home facing the Mirador del Sur Park. President Leonel Fernández attended Sosa’s birthday party with visiting Uruguayan President Julio Sanguinetti. And Donald Trump and his wife came, as well as top ranking executives of the Chicago Cubs, and Bud Selig, Major Leagues Baseball Commissioner. Bud …

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Some 133 heads of state and government, top-ranking executives representing international organizations, and special guests are expected in Santo Domingo for the II African, Caribbean and Pacific Heads of State and Government Summit, 25-26 November 1999. Hoy newspaper reports that the list of special guests includes former South African President Nelson Mandela and Reverend Jesse …

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The visiting Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), José Antonio Ocampo told the Listín Diario newspaper that the DR economy is the "economic miracle of the region." He said that the Dominican case is exceptional because it is the only Latin American country that has maintained accelerated growth …

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President Julio Maria Sanguinetti of Uruguay arrived yesterday to participate in the Montevideo Circle. He came on board a Montevideo Air Force airplane accompanied by his wife and official delegation. It is a first time that a Uruguayan President visits the DR. Minister of Foreign Relations Eduardo Latorre received him at the Las Americas International …

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Ana Silvia Reynoso, the new director of the National Council of Superior Education (CONES) says that the government is considering testing high school students to see if they are prepared to enter the nation’s universities. The test is part of a proposal to create a new Secretaría de Educación Superior, Ciencia y Tecnología that would …

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The administrator of the Dominican Electricity Corporation says that blackouts have been reduced since Saturday, when the Smith and Enron plant went back on line. He said that Haina, Itabo II units are also on line again. He said that the increase in generation capacity means there will be no blackouts this Christmas, and that …

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The Weather Department alerts that it will continue to rain over the weekend. A tropical disturbance in the area is expected to bring rain showers and cloudy skies for the weekend. The wet forecast is primarily for the Northeast, the East, the Southeast and the West of the country. Thus, Puerto Plata seems to be …

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