1999 – Page 66

President Leonel Fernández is scheduled to start a 12-day international tour to Washington,D.C., New York, San Francisco, California, St. Louis, Missouri and Taipei, Taiwan. The tour is described as having social, political and economic importance for the country. President Fernández will leave 22 September and return 4 October. Minister of Foreign Relations Eduardo Latorre released …

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The National Police says it has leads to find the three men who killed two Remesas Vimenca (Western Union agency) and injured another two while getting away with RD$3 million pesos (this sum includes US$72,000). The Police said it raided a home in the east end of the city finding US$3,000, and four money bags …

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The Listín Diario reports that interest rates have dropped 10 points in the past three months due to the excess of liquidity in the financial system. At the start of the year, banks were lending money to their preferential clients at 24%. Banks are now paying 11-12% for deposits and lending out money at 15-16% …

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The Ministry of Foreign Relations Eduardo Latorre confirmed that two Dominican consuls based in Haiti have been suspended. He said Wenceslao Guerrero Pou and Dominican ambassador in Haiti, Silvio Herasme Peña carried out an investigation that led to suspension of consul Rachel Montes Gómez, based in Juana Minthe, and José Montás, based in Cap Haitien. …

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Hoy newspaper carries a story commenting on how surprised Dominican New York immigrants where when Hurricane Floyd knocked on their doors. The Dominicans thought they would never see a hurricane again when they moved to New York. Hurricane Floyd caused downing of trees, overflowing of rivers, broken windows, flooding of homes and sent numerous objects …

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President of AES Distribuidora del Este, Karl Huber defended the maintenance program carried out by the company. He said, "We are not magicians and it would be impossible to correct a problem in 30 years from the night to the morning." The increase in the cost of power and the numerous blackouts have irritated Dominicans. …

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President Leonel Fernández instructed the governor of the Las Americas International Airport, Arístides Fernández Zucco to find a definite solution to the runway lights system problem that on Saturday and Monday affected evening flights at Las Americas. The problem was said to be brought about by a lightning discharge that caused a series of short …

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The American Chamber of Commerce issued a statement that the privatization of the power supply and distribution in the DR is a non-reversible process. AmCham also favors that the government make public the contracts it has signed with these companies. Andrés Aybar, president of the business organization, said that Dominican industry, commerce and consumers in …

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The Dominican Republic banking system is ready for year 2000. El Siglo newspaper reports that the first alert that the banking system was vulnerable occurred in 1995 when credit cards with expiration dates in 2000 were rejected by the automated systems. Banks began then to investigate what needed to be done. In January 1998, the …

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President Leonel Fernández ordered Alejandrina Germán, Secretary of the Presidency, to preside over a committee that will coordinate the national energy system and keep the public opinion up to date on what’s going on with privatization. The committee was formed yesterday during the three hour meeting attended by government officials and representatives of the companies …

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