2001 – Page 217

The president of Banco Mercantil, Andrés Aybar, who is also the current president of the American Chamber of Commerce here, announced that the interest rates for loans are falling and are now at 27%-28%. The previous loan rate was above 30%. In an interview with Hoy, Aybar said that rates should ultimately arrive at around …

Read more…

The Organizing Committee of the XIV Pan-American Games will defend the selection of Santo Domingo as host site for the event to be held in 2003. 41 other nations members of the Pan American Sports Organization are meeting over the 18th and 19th of January in Panama to hear a report of a committee that …

Read more…

Thousands of devotees are preparing to celebrate the Day of the Virgin of Altagracia this coming Sunday, January 21st. Traditionally, they make a pilgrimage to the Basílica in the Eastern City of Higuey to fulfill promises made in prayer to the Virgin, who is revered as the Dominican Patron Saint. Some 10,000 pilgrims, including President …

Read more…

Mirador del Sur Park, the most used park in the DR, will soon be entrusted to a board made up primarily by users of the park, including residents in the area. Minister of Environment Frank Moya Pons told El Siglo newspaper that either private or government boards will be created to manage city parks. He …

Read more…

Minister of Environment Frank Moya Pons told El Siglo newspaper that his department has started to implement a program that requires that trucks transporting wood pass by fixed check points and exhibit an official stamp that authorizes the truck’s circulation. The Ministry of Environment is working closely with the Armed Forces to establish the checkpoints. …

Read more…

Minister of Environment Frank Moya Pons explained to El Siglo newspaper editors that the new reforestation policy has three parts: Reforestation of points where rivers originate, sources of water for aqueducts, populations, industry and agriculture. Creation of model agroforestry plantations. Three species have been selected: rubber, bamboo and palm (low lands). Order and recovery of …

Read more…

Dominican Ambassador to Canada, Eduardo Fernandez Pichardo presented his Letters of Credence as Ambassador of the Dominican Republic to Governor General Adrienne Clarkson of Canada on Tuesday, 16 January. The event took place at the Citadelle in the city of Quebec. Her Excellency the Right Honourable Adrienne Clarkson carries out Her Majesty Queen Elizabeth II’s …

Read more…

Journalist and public relations expert Franklin Polanco was honored yesterday by the US Government and Dominicans for his contributions to the friendship of the US and Dominican Republic. On occasion of his retirement from public service, he received the Professional Achievement Award granted by the US State Department for his key role and exceptional service …

Read more…