2003News

The most popular presidential hopefuls

The Hoy-Hamilton poll shows that Leonel Fernandez (PLD) is the candidate ranked the highest in the ?favorable? rating (70%) by those polled from 7 to 10 February. Fernandez received only a 28-percent unfavorable vote.  President Hipolito Mejia received a 59-percent unfavorable vote, surpassed only by PRD president, Hatuey Decamps, who received a 66-percent unfavorable vote. …
2003News

Exports to Caricom rise 70%

According to Fernando Gonzalez, the president of the chamber of commerce of Trinidad and Tobago, exports to Central America and the Caribbean (Caricom) rose 70 percent in the first six months following the activation of regional free trade agreements. Today, the Dominican Republic is the number-one exporter of ice cream, some plastics and bathroom accessories …
2003News

Surcharge holds

Customs began applying the controversial 10-percent surcharge, as ordered by Decree 139-03, on 1,637 imported items listed by the Ministry of Finance. The tax was professedly designed to discourage the sale of imports and to halt the devaluation of the peso. Nevertheless, it is expected to serve the government as well, with a potential RD$400 …
2003News

Banks side with government

Hoy newspaper comments in an item in its economic section today that after the government agreed to reduce interest rates on certificates of investment, the representatives of the banking sector voiced their support for the measures announced by the government?s economic team. The newspaper writes that this new attitude is an about-face from the banking …
2003News

Standard Bank update on DR

The Standard Bank released yesterday an update on the Dominican economy. The reporting agency comments on the effects the recently tightened monetary policy and depreciating currency are having on the banking system and the economy in general. The Dominican Republic is the subject of interest of the international capital market agencies, now that the Mejia …