2000 – Page 56

According to a report in the Listín Diario Sunday issue (1 October), the 10 largest registered foreign investments are: Codetel (telecommunications), US$370 million Central Romana Corporation (sugar and hotel industry), US$92 million E. León Jiménes (cigarettes and beer), US$16.5 million Falconbridge Dominicana (ferronickel) US$15 million Shell Company (petroleum) US$14 million Citibank (banking) US$13 million Esso …

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President Bill Clinton ruled that the Dominican Republic is now eligible for the Caribbean Basin Trade Partnership Act (CBTPA). The trade bill which is now in effect cuts tariffs on a wide range of imports, largely textiles and apparel. The DR now regains the competitive status it had under the Caribbean Basin Initiative and it …

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The Dirección Nacional de Control de Drogas (DNCD) announced the arrest of 37-year old Martires Paulino Castro, who was described as the country’s leading drug dealer. In an operation in conjunction with the Drug Enforcement Agency of the US, the local authorities confiscated weapons and money as part of a RD$100 million bust. Paulino was …

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The president of the Dominican Institute of Telecommunications (INDOTEL) announced the opening of a complaints department regarding telecommunications services received. He said that the department that would start offering its services in November and would operate with specialized personnel.

The DR is about to begin to benefit from the Caricom Fisheries Resource Assessment and Management Program as part of the Integrated Regional Program for the Fisheries and Farming Development of the Caribbean, sponsored by the European Union under Lomé IV. The Dominican Republic’s new Minister of Environment Frank Moya Pons signed the agreement under …

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El Caribe newspaper editorial today criticizes the government for acting against competition in the market in its first 50 days in government. The newspaper criticizes the measure that eliminated competition at petrol stations. El Caribe says that instead of returning to fix petrol prices, the government should pass the Petroleum Bill. The newspaper also criticizes …

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Venezuela announced it will increase its petroleum sales to Central America and the Caribbean. The announcement was made during the OPEC Summit held in Caracas. Venezuela says it will sell 160,000 barrels a day of petroleum to Caribbean and Central American countries. This is the sum of 80,000 barrels a day already being exported to …

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The School of Diplomacy and International Affairs of Seton Hall University awarded President Leonel Fernandez a Doctor Honoris Causa. Monsignor Robert Sheeran in the keynote speech praised the former Dominican statesmen for his contributions in favor of progress and democracy in the DR. He said this is the first honor of its kind awarded to …

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