2003 – Page 237

President Hip?lito Mej?a requested assistance from the Inter American Development Bank (IADB) to repair the damage caused by the Baninter fiasco. Heeding the advice of the International Monetary Fund (IMF), which suggested the DR seek international assistance to offset the far-reaching effects of the estimated RD$55-billion fraud, President Mej?a appealed to Enrique Iglesias, the head …

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Economist Pedro Silverio, of the PUCMM university?s Cenantillas economic think tank, comments that now that the Central Bank has disclosed what it says has been happening for 14 years, it would be nice if the monetary authorities could review what has happened while they were sleeping, in reference to the Baninter financial scandal ? a …

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Following is a correction of the story that was emailed yesterday regarding the scandal that is affecting the largest loans and savings bank in the Dominican Republic, the Asociaci?n Popular de Ahorros y Pr?stamos (APAP). The story should have read yesterday:  Board of APAP refuses to budge  Four members of the board of directors of …

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The new spokesman for the Asociaci?n Popular de Ahorros y Pr?stamos (APAP), Dr. Hector Mateo, affirmed yesterday that the country?s largest loans and savings bank continues to enjoy extraordinary liquidity and is the envy of all banking institutions. Hoy newspaper reports that Mateo denied Hazoury controls the APAP and said that Hazoury could be displaced …

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The three main figures implicated by state prosecutors in the Baninter calamity will be remanded to the Najayo prison, according to El Caribe. Upon concluding his questioning yesterday afternoon, Judge Eduardo S?nchez Ort?z ordered that the three accused Baninter officers be transferred to the Najayo prison. Nevertheless, the three are still in Santo Domingo. Ram?n …

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In three related stories, the List?n Diario and El Caribe newspapers cover the rise in teenage pregnancies nationwide. According to the List?n, 44,000 adolescents will give birth this year, many of whom have serious iron and folic acid deficiencies, a condition which causes birth defects and is the third largest cause of infant mortality in …

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A slight earthquake measuring 4.3 was registered yesterday morning at 6:05 by the Seismological Institute of the Autonomous University of Santo Domingo. The quake was centered near the town of Cotu? but was occurred 182 kilometers below the earth?s surface, thereby reducing its intensity. The quake was felt in El Seibo, La Vega and the …

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Selin?e M?ndez, Miss Dominican Republic 1998 and television personality, has admitted that she is two months pregnant with triplets. In spite of problems with the former wife of her newlywed husband, Roberto Carreras, Selin?e said that she is happy and her parents are already having parties to celebrate the arrival of their first three grandchildren, …

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President Hip?lito Mej?a and President George W. Bush met today in Washington, D.C. The White House said that ?the two discussed the strong bilateral and trade relationships between the United States and the Dominican Republic, as we work together.? The first reports on the President?s meeting carry the Dominican stateman?s optimism the Dominican Republic will …

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Caribbean Business, reports on expectations for President Hip?lito Mej?a?s meeting with President George W. Bush in Washington, D.C. today in this week?s edition. The story by John Collins, Puerto Rico Manufacturer Association?s journalist of the year, tells of how the DR came out on top in the eyes of the US, benefiting from a last …

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