2001 – Page 73

The Chamber of Deputies has approved a US$143.3 million loan for the construction of the Mercado Central de Mayoristas de Santo Domingo, a mega market to be located on the Duarte Highway. The Ministry of Agriculture project also calls for the construction of 50 cold storage units in Santo Domingo, Constanza, Bani, La Vega and …

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An editorial in El Caribe newspaper today adds up the numerous loans taken by the Mejia administration in its first 11 months in office: Spanish commercial banks: RD$437 millionItalian, German, Amrom, Jamco project: US$224 millionBelgium loan for hospitals: US$175 millionItalian-Livornio Ozama project: US$188 millionPlan Renove for transport: US$150 millionThat comes to US$1.174 billion already signed …

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The president of the Asociacion de Concesionarios y Fabricantes de Vehiculos, Juan Morel, has expressed his concern over the Senate’s passage of a bill that would allow the import of cars up to 10 years old, instead of five years old as established in the Law of Tax Reform which was passed in January of …

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The Universidad Dominico-Americano has announced the start of career courses in education and business this September. The university is a new development from the Instituto Cultural Dominico-Americano which started as an English as a Second Language school and evolved into a bilingual education and secretarial school. The university is open to students in business administration, …

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The DR government has turned down hosting the Miss Universe pageant in 2003. The event comes with a franchise fee of U$5 million, not including the actual cost of hosting the event. The government turned down the event after the Hotel & Restaurant Association rejected it, saying the timing was not right and the industry …

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Manuel Tejada, Deputy Minister of Public Health, said that drug supplies to public hospital stores are being resumed. He said the suspension was due to inventories being carried out in the Promese warehouses to determine the existence of unregistered pharmaceuticals, as claimed by drug importers and drug manufacturers. He mentioned that the drug companies are …

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President of the Chamber of Deputies Rafaela Alburquerque said that her party’s leader, former President Joaquin Balaguer, known for his reticence in taking on international loans, instructed his congressmen and women to not pass any more foreign loans. Nevertheless, she said Balaguer left each deputy to act on his/her own conscience when voting on the …

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