2001News

New minimum wage for hotel and restaurant employees

Representatives of employers and employees of the hotel and restaurant sector agreed on a 15% increase in the minimum wages of the sector. The new wages approved last Friday, 23 February are as follows: Companies with assets of RD$500,000+: RD$3,030 (up from RD$2,633) Companies with assets of RD$200,000-RD$499,999.99): RD$2,160. Companies with assets of RD$200,000-: RD$1,950 …
2001News

Customs director requests help from businessmen to fight corruption in his department

The director of the Department of Customs, Vicente Sanchez Baret requested the help of businessmen to eliminate what he called the payment of "macuteo" or payments made to agents to reduce what is paid to the state. This practice had been practically eliminated during the previous government but is said to be back. Sanchez Baret …
2001News

Business wants elimination of exchange surcharge

The American Chamber of Commerce and the Association of Industries of Herrera concur with Carlos Guillermo Leon, president of the Foundation for Justice and Institutionality, and vice president of one of the leading Dominican companies, in their request that the government fulfill its promise to remove the exchange surcharge on foreign currency transactions. Spokesmen for …
2001News

Balaguer opposes Manabao dam

Former President Joaquin Balaguer requested that President Hipolito Mejia suspend the construction of the Manabao-Tavera-Bejucal hydroelectric complex. The former President feels that the dam would affect the main water sources of the country. In a written communication to President Mejia, the influential politician urged that the dam construction be suspended until its execution is studied …