2001News

18% minimum wage increase

The National Salary Committee approved an 18% wage increase for those working in general business. Free zones and tourism industry, and other industries have special wage levels. The 18% increase will benefit workers at businesses with capital of at least RD$500,000. The RD$521.10 increase in the minimum wage, ups the present RD$2,985 minimum wage to …
2001News

Airlines congratulate CAB for rescinding ICAO contract

The Civil Aviation Board has not made the announcement, but a group of national airlines published today an advertisement congratulating the board for rescinding the contract with the International Civil Aviation Organization. The government of Leonel Fernandez had funneled around US$11 million in payments to the organization and personnel contracted by the CAB with the …
2001News

Obstacles in the passing of the Central American FTA

The Senate, the government and representatives of the private sector agreed yesterday to postpone the studying of the protocols of the free trade agreement with Costa Rica, Nicaragua and Guatemala. Congress did not pass the protocols since local producers complained they contain irritating privileges and irregularities. Among these is a 2,000 ton of milk concession …