2001 – Page 58

President Hipolito Mejia is one of 17 heads of state and two vice presidents representing 19 countries attending the Rio Group Summit in Chile. The meetings open today, Thursday, 16 August and will end on Saturday. President Mejia was scheduled to speak this morning at a breakfast with Chilean businessmen interested in investing in the …

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The Central Electoral Board (JCE) has validated the assembly held by the Social Christian Reformist Party (PRSC) on 1 July. It rejected the allegations submitted by party member Angel Lockward and accepted the increase in the executive board of the party from 50 to 76 members. The JCE also ruled that Lockward be reinstated on …

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The population seems to have accepted the elimination of the propane gas subsidy, says El Siglo newspaper. Propane gas distributors stopped accepting coupons causing the price to consumers to increase from RD$10 a gallon to RD$15.33. The distributors aren’t taking the coupons because they say the government is in arrears with them. Other distributors are …

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Economist Jaime Aristy Escuder told Hoy newspaper that the savings announced by President Mejia yesterday regarding the electricity companies are RD$100 million less per month than what was initially negotiated. He said it is worrisome that the President did not release all the details of the negotiations. He said government negotiators had obtained savings that …

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The debate over the postponing of the Games continues. President of the Pan Am Sports Organization Mario Vasquez Raña says that the Dominican Organizing Committee for the games had offered to install air conditioners in the athletes village. But Pan American Games president, Jose Joaquin Puello, says that now that the service was privatised, the …

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President Hipolito Mejia said his government will borrow RD$1,400 million (US$83 million) to pay part of what it owes to private power distributors and generators. In a talk to the nation, President Mejia said that investments of RD$16,000 million are underway to improve the electricity service. He spoke of his government’s plans to reduce costs …

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An El Caribe newspaper editorial comments that a US$83 million loan from private banks to the government to pay power bills would violate banking norms. National legislation limits the amount of money that banks can lend to one client. The editorial states that the government has already borrowed US$65 million to pay foreign debts and …

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