2003 – Page 297

Hoy newspaper reports that the recent price increases and government measures have had an unmistakable effect on the economy in general. The newspaper estimates that sales of imported goods are down 75 percent, as Dominicans are reticent to spend at a time when inflation is skyrocketing, and price increases of all items take place daily.  …

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The cost of insurance renewals for vehicles will go up by 100 to 300 percent as of March, reports El Caribe newspaper today. Resolution 10-02 of the Superintendence of Insurance says that the plan is to increase the coverage to third parties suffering collisions. For instance, insurance on a motorcycle that previously cost RD$210 will …

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Manuel Ramon Morel Cerda announced the composition of the two new chambers of the Central Electoral Board. The administrative chamber?s judges are Rafael Diaz Vasquez and Rafaelina Peralta. This chamber is presided over by Nelson Gomez. The judges for the chamber to handle electoral disputes, to be presided over by Salvador Ramos, are Luis Arias …

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With mounting concern that the Dominican Republic could fall victim to the booming international kidnapping industry, Police Chief Jaime Marte made a plea to families affected by such abductions to contact the police without delay. Already, vendors of kidnapping insurance policies are active in the Dominican Republic, which, in the past six months, has seen …

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Juan Hubieres, the unshaven leader of the Federacion Nacional de Transporte La Nueva Opcion (Fenatrano), denied that he is billing the PRD government for the various strikes his union organized during the PLD government, reports Diario Libre. Fenatrano has undergone a complete turnaround in its position, no longer advocating government policy strikes over fuel increases, …

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Hoy newspaper is publishing the results of a survey conducted from 7 to 10 February by pollsters Hamilton, Beattie & Smith, in which 90 percent of those questioned say there is corruption in the present government. The number of people of this opinion is up from 83 percent in August 2002 and 74 percent in …

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As reported in the Listin Diario, the executive vice president of Placer Dome, the Canadian mining conglomerate, told his audience at the monthly luncheon of the American Chamber of Commerce that the favorable investment climate and the democratic system of government were important factors in their decision to invest in the Pueblo Viejo gold mines …

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The Central Bank is advertising the sale of its Playa Dorada Golf Course. The 18-hole Robert Trent Jones, Sr. championship golf course is part of the extensive Playa Dorada tourist complex that also boasts 14 hotels. The golf course has an expanse of about 910,000 square meters. The Central Bank, which is also selling a …

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The Dominican Annual Tourism Exchange (DATE 2003) will be held from 10 to 12 April 2003 in Punta Cana, Dominican Republic. Johnny Bernal, president of the National Hotel & Restaurant Association (Asonahores), made the announcement at a press conference held yesterday. The event provides a business environment where international buyers can meet Dominican tourism vendors …

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Johnny Bernal, president of the National Hotel & Restaurant Association (Asonahores), said that the Dominican hotel industry is one of the most adversely affected by the new import charges. ?We have always advocated that the tourism sector receive special export treatment for its products, such as rugs, tableware, and others,? said Bernal. He explained further …

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