2001 – Page 123

Acting President Milagros Ortiz Bosch decreed free rides on government OMSA buses for women on Saturday, 26 May from 7 am through Mother’s Day, Sunday 27 May at 7 pm. Toll booths were instructed not to charge commuters over the weekend. Thousands of Dominicans are expected to take to the highways to visit family in …

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The same surprising way it started, the rioting ended 72 hours later. News analysts are puzzled by the rioting in the otherwise tranquil northern town of 60,000 people about 20 minutes from Santiago. What was most shocking was to see masked rioters carrying sophisticated pistols. Who armed these people? asked news analysts, while commenting that …

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Siamese twins Leyda Marieli and Martina Mariel will leave for Massachusetts General Hospital for Children in Boston on Sunday, 3 June. Physicians at the hospital will determine their changes for survival if separated. They are the daughters of Dioselyn Mejia Santana and William Freddy Rodriguez and were born at the Plaza de la Salud. They …

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Economist Andres Dauhajre said that a high ranking government power commission (which includes former Central Bank governor Hugo Guiliani and general manager of the CDE Cesar Sanchez) is studying ways to negotiate with power generators to avoid increases in the cost of power to consumers. He says the commission recognizes the already high rates Dominican …

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Andres Dauhajre, in charge of the new sovereign bonds unit, has urged Dominicans to demand that the government use the funds for productive projects. He said it is imperative that the funds go to projects that produce returns so the money can be repaid. He said there is a clause that obliges the government to …

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Moody’s Investors Service changed its ratings outlook to positive for the Dominican Republic’s foreign-currency ceiling for bonds and notes, as well as the ceiling for bank deposits. Moody’s indicated that the positive outlook is supported by a period of sustained economic growth where GDP has grown on average 7.5% since 1996. Additionally, single-digit inflation contributed …

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Listin Diario newspaper publishes today that the Central Bank international reserves increased during March and April of 2001. The newspaper says that during January and February payments of US$100 million on the foreign debt reduced the reserve levels. They dropped in January to US$708.7 million and US$700.2 million in February. But as of March they …

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Hoy newspaper reports that Andres Dauhajre, director of the unit in charge of issuing sovereign bonds, will send to Congress an initiative seeking permission to participate in the international money markets. Dauhajre says that at least five firms have shown an interest. He said the annual interest rate would be about 10.5%. El Caribe newspaper …

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Despite the PRD senators forming a majority in the Senate with 24 of 30 senators, the absence of several at a session yesterday allowed PLD senators to prevent passage of a US$143 million loan. The loan from Spanish banks was sought by the Ministry of Agriculture to finance the construction of Merca Santo Domingo, a …

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