2000 – Page 52

70% of travel accidents in the DR are caused by motorcycle drivers, many who drive moto-conchos, the Dominican term for motorcycle taxis. Now the new authorities at the Oficina Técnica de Transporte Terrestre announce they are going to create facilities for this type of public transport, that is tolerated but on books is against the …

Read more…

Luis Molina Achecar, president of the Banco Hipotecario Dominicano, alerted against the present high interest rates and the trend for these to continue to increase. Interest rates have been increasing since the government instituted restrictive monetary policies in March due to the increasing fuel prices on international markets and high government spending to complete major …

Read more…

The National Council of Business (CONEP) is strongly opposed to the passing of the Social Security Bill with recent modifications. Celso Marranzini explained that all sectors had reached a consensus on 26 January, but once the bill was to be passed by Congress it met with opposition from the Dominican Medical Association. The representatives of …

Read more…

In a video-message, President Bill Clinton recognized Dominican migration in the US. He estimated there are 1.5 million Dominicans living in the US. He commented on the contributions made by Dominicans living in the US, highlighting the examples of Julia Alvarez and Sammy Sosa. The presidential message was delivered during the Third National Dominican-American Round …

Read more…

La Nación afternoon newspaper merged with Ultima Hora. La Nación was first published on 27 February 1997. Now there are only two afternoon newspapers, Ultima Hora and El Nacional.

The Mejía advanced a first RD$20 million payment of a US$3 million committed by the Government of Taiwan to support the Santo Domingo Cyberpark. Secretary of the Presidency Sergio Grullón announced that President Hipólito Mejía himself is now on the board of the high-technology complex that was the pet project of former President Leonel Fernández. …

Read more…