2001 – Page 100

The new World Boxing Organization champion Agapito Sanchez will take a three-month break from boxing, said his manager Ricardo Maldonado. He forecast that Sanchez would defend his title on numerous occasions. He said it is possible that Sanchez could visit the DR in the near future. Sanchez won the WBO 122 lb world championship on …

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Telecommunications is the most dynamic sector of the Dominican economy today. Orlando Jorge Mera, director of the Dominican Telecommunications Institute, Indotel, told El Siglo newspaper that while the economy declined 1.5% during the first quarter, the telecommunications industry posted a robust 17.4% increase for the period. This was regardless of the negative effects of the …

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On Friday, an operation of the Armed Forces, Police and the Intellectual Property Department of the District Attorney’s office dismantled a factory where cigars were being manufactured and labeled with world-famous cigar brands. Likewise, the operation confiscated 400 boxes of counterfeit cigars worth RD$4 million for sale in 15 stores in Boca Chica and booths …

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President Hipolito Mejia addressed attendants at the American Apparel and Footwear Association annual meeting in Aspen, Colorado. He spoke of the advantages of airport facilities, proximity to the US, dynamic telecommunications sector, and adequate labor standards. Likewise, he highlighted the reform of the judicial sector, the new social security bill and the continued growth of …

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President Mejia had dinner with the president of the Colorado Rockies, Jerry McMorris during his trip to Colorado. He also threw the first ball in a game between the Colorado Rockies and the Arizona Diamondbacks at the Coors Field Stadium. During his visit he announced that his government would make available State Sugar Council lands …

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One of the better news of the year is that Europe and the US would lift the ban on Dominican beef exports. El Caribe reports that the laboratory that would certify the beef exports should be fully operational in two months time. The DR lost its permission to export because of negligence of the Ministry …

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The director of the Centro de Investigacion Economica de las Antillas (Cenantillas), Pedro Silverio said that the local financing of banks offered to the government by banker Andres Aybar, president of the American Chamber and a former president of the Commercial Banks Association, would be more costly to the nation than issuing sovereign bonds. The …

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The Income Tax Department is giving illegal vehicle dealers 60 days to get licenses to operate. The department said the illegal dealerships operated by individuals and companies are being used to evade paying taxes. The department also said that any vehicle that has not renewed its registry in three years time will be removed from …

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President Hipolito Mejia said his government would go ahead and build the Manabao-Bejucal-Tavera Dam, a hydroelectric project that has met with strong opposition from the community of Jarabacoa. Jarabacoa residents fear the changing of course of the Yaque del Norte will affect ecotourism and farming activities in La Vega province. Studies carried out by the …

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The Presidency of the Republic, the National Council for Mining Development, the Commission for Mining Tenders and the Central Bank announced the opening of the tender for the exploitation of the sulfide ore reserves of the Rosario Pueblo Viejo mine. Newmont Corporation, Barick Gold Corporation, Normandy Mining Ltd., Homestake Minign Company, Placer Dome Inc., BHP …

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