2001 – Page 36

Contradictory reports regarding privatization of airline

The tender for Dominicana Airlines, the bankrupt state airline that seeks a private aviation partner, is scheduled for Wednesday, 19 September. But news reports continue to say that Aeropostal has already been chosen. On 3 September, the Listin Diario first reported Aeropostal had been chosen. Listin Diario today adds more to the controversy, publicizing a …

2001 News

Slot machine imports

Sociologist Frank Marino Hernandez has warned President Hipolito Mejia of that harm to Dominican society will result from the importing of slot machines. He is critical that authorization has been given to import 7,500 slot machines to be installed in casinos, gas stations, restaurants, cafeterias and other establishments nationwide. “Gambling does not contribute to the …

2001 News

Mass for NY and Washington victims

President Hipolito Mejia and First Lady Rosa Gomez attended a mass held at the Cathedral of Santo Domingo in memory of the victims of the US terrorist attacks. Cardinal Nicolas de Jesus Lopez Rodriguez expressed his sorrow for the expressed his sorrow for the thousands of innocent people who died in New York and Washington. …

Travel resumes

Flights to and from the Dominican Republic and US points are arriving and departing full as passengers affected by the recent flight suspensions resume their travel plans. News reports refer to stepped up precautions at Dominican airports. As of a Federal Aviation Agency report dated 16 September, the Las Americas, Punta Cana and La Romana …

2001 News

Politics before anything

President Hipolito Mejia confirmed on Friday, 14 September that controversial lawyer Pedro Romero Confesor was elected a Supreme Court judge because former President Joaquin Balaguer had made the request. “That is responsibility of the PRSC,” he said when asked about the appointment. “President Joaquin Balaguer asked for it [for Romero Confesor] and it was granted.” …

2001 News

AmCham backs issuing sovereign bonds

American Chamber of Commerce exhorted the government to go forward with the issuing of the sovereign bonds. Andres Aybar Baez, president of the Banco Mercantil and of the American Chamber of Commerce, said in a press conference that in the road show held in Miami last week an interest rate of 8.75% had been established …

2001 News

Interest rates on loans to continue to decline

The Central Bank announced it will release US$45 million retained from private banking as part of a general program underway for the past months to reactivate the economy. Diario Libre says that the move would ensure the stability of the exchange rate and could have a positive effect of pushing lending interest rates further downward. …

2001 News

Maternity hospital expansion completed

President Hipolito Mejia officially inaugurated expansion works at the Dominican Institute of Social Security maternity hospital, Hospital de la Mujer Dominicana. The hospital expansion was in 1979 during the PRD administration of the late Antonio Guzman. The remodelling cost upwards of RD$500 million. The maternity center is located Av. Bolivar in front of the National …

2001 News

Correction on financing terms for bridges

The Chamber of Deputies approved loans for RD$500 million (about US$30 million) for the purchase of five Bailey bridges from Mabey & Johnson of the United Kingdom. The local partner is Construcciones Transporte Pagan. Dana Cabral, Citibank resident vice president clarifies that the loan was structured through an export credit agency, the Export Credits Guarantee …

Boca Chica tourism investors against mega port

The Boca Chica Pro Tourism Development Association objects the construction of the Punta Caucedo megaport after studying the environmental impact report prepared by Mouchel Consulting on behalf of the port promoters. A study of the report carried out by environmental specialists Francisco Geraldes and Omar Ramirez indicates that the construction would endanger the coral reefs …

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2001 – Page 36

Contradictory reports regarding privatization of airline

Slot machine imports

Mass for NY and Washington victims

Travel resumes

Politics before anything

AmCham backs issuing sovereign bonds

Interest rates on loans to continue to decline

Maternity hospital expansion completed

Correction on financing terms for bridges

Boca Chica tourism investors against mega port