1999 – Page 54

Deputy Minister of Public Works Claudia Franchesca de los Santos said that the overpasses under construction by the government on Avenida 27 de Febrero and Avenida John F. Kennedy will be completed by February of next year. The construction of those overpasses has brought chaos to city traffic. She said that the constant rains that …

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One of the most admired and successful figures of the present government, Hamlet Hermann told El Siglo newspaper that he would consider running for mayor of Santo Domingo in the next municipal election. This is scheduled for May 2002. Hermann is credited with organizing public transport in the city of Santo Domingo. He directs the …

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Commercial banks were paying RD$15.72-RD$15.75, to the dollar up 15 centavos from the RD$15.60 level prior to the announcement of the increase in the exchange rate commission. The exchange rate commission is charged to those purchasing dollars in the banking system. News reports say that dollars are being sold in the system for about RD$16.85, …

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Coral Hotel & Resort, a Dominican hotel chain, announces the opening of its Coral Canoa Beach Hotel & Spa. The resort is on Dominicus beach, in La Romana. Built at a cost of US$30 million, the resort will operate under the 24-hour all-included system. The 532 rooms of the hotel are located in buildings of …

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The Cleveland Indians vs. Boston Red Sox final game was tied 8-8, and then Boston manager Jimy Williams crossed his fingers and sent Pedro Martínez to the mound in the fourth inning. Boston fans welcomed him in with a long standing ovation. The American League’s Cy Young sure winner pitched six hitless innings Monday night …

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The III Latin American Mountain Bike Championship will take place 30-31 October in Jarabacoa. Rancho Baiguate, a promoter of eco sports and adventure travel, is one of the leading sponsors. Competitors from Argentina, Antigua, Barbados, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, Ecuador, Guatemala, Haiti, Honduras, Mexico, Paraguay, Peru, Puerti Rico, Uruguay and Venezuela have …

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Hatuey de Camps, president of the Partido Revolucionario Dominicano (PRD), the leading opposition party, said that the windfall of revenues to be generated by the increase in the tax on fuel and the exchange rate commission will be used to finance the year 2004 presidential campaign of Leonel Fernández. Fernández cannot run for President in …

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Private transporters (conchos) increased their rates from RD$2 on short routes to RD$3, and from RD$4 to RD$6 on long routes, reflecting the increase in the price of fuel. Propane gas for vehicles increased from RD$10 to RD$13. Several drivers have access to buying cooking gas which did not go up, but rates went up …

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Celso Marranzini, the president of the National Council of Businesses (CONEP), and an advocate of an increase in the price of petroleum, complained that the government only put the burden for paying for fuel on the private sector and did not announce a reduction in government expenditures. Celso Marranzini also said the business community was …

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The Economy and Development Foundation, presided by economist Andres Dauhajre, feels that despite the recent increase, fuel prices are still very low in the DR. His Foundation’s weekly commentary page lists prices for different fuel categories in Latin America, showing the many countries that have higher prices than those set in the DR. The prices …

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