2003News

Apparel contract work up

The DR manufacturing sector seems to be gaining from the present world situation that has US manufacturers contracting work closer to home.  The new president of the Dominican Association of Free Zones, Arturo Peguero, told Hoy newspaper that free-zone manufacturers are seeing an increase in contract orders. He said that several companies have been rehiring …
2003News

Mejia and re-election

When President Hip?lito Mej?a was asked about the possibility of his being re-elected during an interview with 120 children from a school in San Pedro de Macor?s, he said that ?re-election would not be a sacrifice and reminded his young audience that ?people love this little job?. However, as on previous occasions, Mej?a once again …
2003News

The costs of subsidies

The subsidy implemented by the government in March to soften the blow of the proposed 20.4% hike in electricity bills reportedly cost the government RD$140 million. That is the amount the EDE electrical distributors will be billing the government to cover their March invoicing. Estimates reveal that the government will pay EdeNorte and EdeSur RD$100 …