2003 – Page 299

The Las Caobas Politechnical Institute, which is run by the Sisters of the Guardian Angels, has come a long way since its foundation in 1978. At present, there are over one thousand students enrolled in its various technical programs and general high school curriculum offered. The director of the school, Sister Lourdes Cisnero, however, told …

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Solelec Dominicana, Trace Internacional, Codimpsa and T?cnicas Energ?ticas Solares (TECSOL) won the Industry & Commerce tender, held to select which companies will install solar energy systems in public schools, national park watch towers, rural houses, health centers and potable water systems. The initiative is part of a government program that Industry & Commerce Minister Sonia …

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A three-hour meeting was held yesterday between bankers and government economic officers to discuss strategies to strengthen the floundering Dominican peso. The government and the financial sector declared themselves to be in permanent session in order to find ways to stabilize the peso at previous levels that were ?more attractive and reasonable?. Meanwhile, El Caribe …

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The Monetary Board will meet today with representatives of the banking and financial sectors to review several of the proposals that emerged from yesterday?s discourse between government economists and the President at the Presidential Palace in Santo Domingo. Internal savings are key points on the agenda, reports El Caribe. For its part, the private sector …

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In a front-page article in the economy section of the Listin Diario, reporter Modesto Rodriguez interviewed leaders of the retail and wholesale sectors and points out that typical articles in the Dominican basket of goods and services have experienced price surges of 8 to 105 percent since January of this year. Rodriguez indicates that there …

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Elena Viyella de Paliza, president of the National Council of Business (CONEP), again urged the government to honor its commitments made last December under the Pact for Stability and Economic Development, which set out to lower the public payroll and reduce public spending to 1.5 percent of the Gross Domestic Product. As reported in the …

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The National Association of Gasoline Retailers (ANADEGAS) has called for a boycott on new purchases of fuels from the National Refinery, according to the lead story in many of today?s papers. After talks with the Ministry of Industry and Commerce had broken down, the spokesman for ANADEGAS told reporters that gas stations would receive their …

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The huge snowstorm that hit the eastern United States stranded thousands of travelers in the Dominican Republic due to interruptions in flight service. All flights to the Northeast were cancelled yesterday, owing to the closure of Newark, La Guardia, Kennedy, Philadelphia, and Boston airports. Among the airlines affected were American Airlines, US Airways, Continental, and …

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The 24th Vuelta Independencia Nacional, the cycling event recognized worldwide as one of the most important in the Caribbean, takes off tomorrow from the Plaza de la Bandera in Santo Domingo. Cyclists from the United States, Puerto Rico, Guadaloupe and Venezuela will cover the 1,286-meter grand tour of the Dominican Republic, over 11 days. The …

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The peso has fallen to levels of over RD$26 to the US$1, inflation is rising, and as a result every day fewer and fewer citizens actually trust that the government knows what it is doing.  Nevertheless, Carlos Despradel, as economic advisor to President Mejia and member of the Monetary Board, feels that the new measures …

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