2001 – Page 193

President Hipolito Mejia announced his government is in favor of the construction of the RD$650 million Francisco Gregorio Mora-Guaiguí Dam in La Vega. The dam will provide electricity, potable water and irrigation to the region. The dam’s cost is not contemplated in the National Budget. During his visit to La Vega, the President also announced …

Read more…

President Hipolito Mejia said that he will not announce changes in his cabinet on 27 February, as had been customary during past governments. He said that he doesn’t have to do things as done in past governments, and mentioned that he hosted the party to receive New Year greetings a week latter than what was …

Read more…

The Direccion General de Impuestos Internos (DGII), the tax bureau, said that it will administratively extend the exemption to pay the 1.5% advance tax on sales to businesses selling up to RD$6 million a year. The law states the exemption is only for businesses making up to RD$2 million. The government has submitted a modification …

Read more…

The Navy is in charge of removing the barge that jammed into the coastline in front of the Banco Agricola during Hurricane Georges in 1998. President Mejia ordered that the Navy find the way to remove the petroleum within the tanker and subsequently remove the ship. The tanker measures 250 feet, 46 feet wide.

Janet Rivera, high-ranking executive of Induveca, the leading meat sausage manufacturer, announced a merge with Mercasid, a leading food and cleaning products manufacturer and distributor. Mercasid is itself the result of another merge, that of Sociedad Industrial Dominicana and Mercalia.

Diomaris Almonte, mother of a supposed Dominican New York drug dealer, was kidnapped on 14 February at gunpoint. She was released 53 hours afterwards, after suffering being beat up by her kidnappers. She is recovering satisfactorily, say news reports. Supposedly, she was kidnapped over a fraud of US$3 million involving a drug deal carried out …

Read more…

Neighbors of the Centro Comercial Acropolis and the Citibank Tower in Piantini oppose the installation of four 2,000-kilo power plants that would supply the modern building with power. The neighbors complain that what is being installed is not an emergency plant, but a permanent source of power to the building. Rodrigo Montealegre, spokesman for the …

Read more…

The retail sales director of Esso Standard Oil in the DR, Vinicio Calventi Bonelly said during his presentation at the workshop, "Petroleum and its incidence in the Economy and Development of the Dominican Republic," that Exxon Mobil would invest RD$500 million in the next three years in the DR. He said during the workshop sponsored …

Read more…

Rafael Zapata, president of the Chamber of Energy, said that private generators operating in the DR are about to start a legal suit against the three electricity distributor companies for lack of payment. El Siglo newspaper publishes Zapata saying that the distributors owe RD$2,332 million. The generators say that the distributors have not been proactive …

Read more…