2000News

Two motorcycles per every vehicle in the DR

Hoy newspaper reports that for every automobile in circulation, there are two motorcycles in the DR. 1,693,396 vehicles are registered with the Direccion General de Impuestos Internos. Of these, 59.14% are motorcycles, or 1,001,555 units in circulation. In 1999, 396,263 private vehicles, 191,600 cargo vehicles and 36,998 private buses were registered. Private vehicle ownership grew …
2000News

Inflation at 5.6%

Central Bank says that accumulated inflation for the first five months of the year was 0.45%. Inflation in May was 0.08%, similar to that of April, according to the Central Bank. Annualized inflation would then be 5.65% (May 1999 to May 2000). Central Bank estimate for year end inflation is 9%, taking into account effects …
2000News

Cable TV rates increase

Telecable Nacional, the leading Cable TV company announced that HBO, Cinecanal and Cinemax premium movie channels will no longer be part of cable TV service packages. The company will be charging an additional RD$158 for the premium channels, bringing monthly billing totals to RD$556 or approximately US$35 per month. The increase is effective 3 July, …
2000News

New boss at Indotel says he will abide the law

Mariano Germán, a lawyer and former Attorney General, upon taking office as the new chief executive officer at Indotel, reaffirmed he would enforce the rule of the law. Indotel is the government regulatory agency in charge of telecommunications operations in the DR. President Leonel Fernández recently appointed Germán to the post. According to the Telecommunications …
2000News

Power suspended to government offices

The Empresa Distribuidora del Este suspended service to the Ministry of Education, Ministry of Finances, General Controllers Office, National Treasury, Internal Revenue, Customs Department and the Radio Televisión Dominicana television station for arrears in payments to the power distributors. The Listin Diario says that over 20 government institutions had their power suspended over the weekend. …
2000News

Industries protest unfair billing practice

The Asociación de Industrias y Empresas de Haina, a leading national industrial association, denounced that the unilateral practice of the power distributors to charge based on average consumption and not on real consumption is affecting the profitability of industries. Spokesmen for the organization, Richard Arostegui and Elvin Mella said that many industries have cyclical operations …