2001 – Page 202

The Governor of the Central Bank, Frank Guerrero Prats, told foreign bankers with Dominican corresponding relationships, that the country will maintain its pattern of macro-economic growth together with a low inflation rate. Guerrero Prats was in Miami, Florida, for a conference on recent developments in the Dominican economy and future prospects. He affirmed that for …

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The President of the Herrera Industrial Association, Antonio Espin, told the Listin Diario newspaper that President Mejia’s address to the nation was wide-ranging, bold, and complex, but in certain aspects lacked viability. He said that the program that will provide DR$300 a month to 300,000 needy families is not feasible since the Banco de Reservas …

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The reduction in the price of propane gas from RD$19 to RD$8 takes effect today. However, Listin Diario newspaper reports that owners of the gas packaging plants have refused to put the price change in effect arguing that they have gas at the former prices. They allege that until the existing supplies have been sold …

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The Dominican Association of Free Zones (ADOZONA) announced a 12% increase in the minimum wage to RD$2,490. The decision was adopted during a meeting of the National Salaries Commission where both free zone management and labor were represented. The minimum free zone salary was RD$2,222 per month. Historically, free zones have paid salaries below the …

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Tricom announced it will invest US$110 million this year to bring new fixed telephone lines to 184,000 users. It expects to add 360,000 mobile connections, too. Arturo Pellerano, president of the company told El Siglo newspaper that the company installed 150,000 telephone lines and 300 mobile connections last year. He said Tricom sales last year …

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Gasoline station entrepreneur Antonio Turbí was fired at three times by an unidentified individual on a passing motorcycle while driving on the Estrella Sadhalá overpass in Santiago. Police authorities said it was an apparent attempt to kill or intimidate him. Turbí was interned in the Clinica Corominas and medical reports say he is recovering. A …

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Architect Leonardo Macarrulla told El Siglo that the sports facilities for the Pan American Games will cost approximately RD$520 million. This figure includes construction of the new Mirador del Este Sports Complex (RD$400 million) as well as the improvements and repairs to the Juan Pablo Duarte Olympic Center (RD$120 million). In the Mirador del Este …

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Last night the Aguilas Cibaeñas defeated Venezuelan team, Cardenales de Lara, 8 to 6, placing themselves in a favorable position to conquer first place in the XXXI Caribbean Series. This was their third victory in the current series. Today, the DR must defeat host country in order to take the thirty-first annual series competition. The …

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President Hugo Chavez of Venezuela has scheduled a trip to the DR for 9 March 2001. The Venezuelan statesman would visit for three days. As announced in the Listin Diario, the visit seeks to strengthen collaboration, trade and friendship ties between both nations. During his visit to the DR, the Venezuelan statesman will inspect the …

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