2000 – Page 14

2000 News

Public transportation costs go up

El Caribe newspaper highlights how the new increases in propane gas and diesel have resulted in increases in the fares charged by "conchos" or multi-fare paying taxis. Conchos on short routes are now charging RD$5, up from RD$4 and minibuses are charging RD$6, up from RD$5. OMSA buses continue to charge RD$3 for their long …

Los Corbanitos to be developed privately

President Hipólito Mejía authorized that CORDE, the state corporations enterprise, through the Banco de Reservas, begin negotiations to transfer Playa Los Corbanitos beach area in Bahía de las Calderas to the Fundación para el Desarrollo Banilejo, a southwestern development foundation. The promoters of the idea hope to convert the beach property into a southwestern option …

2000 News

Two large insurance companies merge

La Universal de Seguros and the Grupo Asegurador America announced their merger. The new insurance company, Universal America becomes the leader in the local insurance market, with a 30% market share. The company manages RD$1,800 million in insurance premiums. Marino Ginebra, president of Grupo Asegurador America, and Ernesto Izquierdo, president of La Universal de Seguro …

2000 News

Jarabacoa residents protest detour of river

Thousands of residents in Jarabacoa participated in a Catholic mass organized by the Support Group Pro Defense of the Yaque del Norte River. The group is heading a protest of the Jarabacoa against the detouring of the Yaque del Norte River, the largest in the country, to the community of Los Dajaos. The river needs …

2000 News

Irregularities continue at Edesur

El Siglo newspaper continues to report on what it calls serious irregularities affecting clients of Edesur. Edesur is the electricity distributor that handles most of the clients in the South. The newspaper points to the case of a client who is affected by a RD$20,648 charge for "unintentional fraud" by the company. As per this …

2000 News

What's happening for Christmas

Christmas brings many good shows for the entire family. See the Calendar Page of the DR1 for details on the scheduling of Charles Dickens’ "A Christmas Carol," Tchaikovsky’s "Nutcracker Suite," a Folklore Gala, Christmas carols presentations, and many others.

2000 News

Preparing a national agenda

President Hipólito Mejía announced for 16 December the first of a series of encounters to prepare "a National Development Agenda" for the short, medium and long term. "We will sit down to discuss a plan to improve the nation’s competitiveness," he said. He commented that import duties on inputs will drop as a consequence of …

2000 News

Diesel, avtur and kerosene prices go up

Petroleum prices in the DR will now be pegged to international market variations. President Hipólito Mejía signed the Petroleum Law 112-00 that is now being applied. Yesterday, the Ministry of Industry and Commerce issued Resolution 210 that cuts the price of premium gasoline from RD$39.80 to RD$38.22 and that of unleaded regular gasoline from RD$34.90 …

2000 News

Windfall for sugar producers, higher prices for consumers

Hoy newspaper says that sugar producers in the DR will enjoy a RD$50 million windfall of profits thanks to Resolution 209 of the Ministry of Industry and Commerce. The government department resurrected the Price Control Department and set a new ceiling for sugar price sales, that will guarantee producers higher profits on sugar in stock …

2000 News

Coincidence?

Political commentator Aristofanes Urbáez, writing in El Siglo newspaper, comments that the past government of Leonel Fernández suffered the effects of 700 strikes from its start. So far, the PRD government has not suffered from a single strike, despite massive firings, increases in prices of fuel, and general increases in the cost of food products. …

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2000 – Page 14

Public transportation costs go up

Los Corbanitos to be developed privately

Two large insurance companies merge

Jarabacoa residents protest detour of river

Irregularities continue at Edesur

What's happening for Christmas

Preparing a national agenda

Diesel, avtur and kerosene prices go up

Windfall for sugar producers, higher prices for consumers

Coincidence?