2003 – Page 312

Resolution SIE-06-2003, as published today by the Superintendence of Power, eliminates the so-called toll the department had authorized power distributors to levy on companies to discourage them from purchasing power directly from the large power generators at considerable savings. Large companies had protested the illegality of the toll for months.  Only very large companies are …

Read more…

Roberto Salcedo, Mayor of Santo Domingo, denounced the fact that the governmental Banco de Reservas has withdrawn an initial RD$4 million from their city account of RD$26 million. The bank is making good on the city government?s guarantee of a RD$280-million loan taken by Salcedo?s predecessor, Johnny Ventura (PRD). Ventura, despite not having funds to …

Read more…

Flavio Dario Espinal, dean of the Law School at the Pontificia Universidad Catolica Madre y Maestra, focuses his column in El Caribe on the challenges ahead for the political parties that need to hold primaries to choose their candidates to the May 2004 presidential election. The PRSC has had to face reality since what its …

Read more…

In Ultima Hora, former tourism director Peter Morales wrote an open letter to John Muller, president of the Isla Dominicana, the franchisor of the gas station that is being erected on land that divides the Las Americas Expressway near the Las Americas free zone. Morales publicly requests that Muller explain the premise of the gas …

Read more…

After weeks of being undervalued, the Euro has crept up to its estimable real worth in exchange markets in the Dominican Republic. The Listin Diario reports that yesterday, the Euro was being bought for 30 points more than the US dollar at a price of RD$24.74 each. The dollar was selling for about RD$23.50. 

El Caribe reports today on the dramatic change of the composition of Dominican exports in recent years. Fifteen years ago, the leading Dominican exports were agricultural commodities ? tobacco, cacao, coffee and sugar. Today, the so-called non-traditional exports comprise a robust 34 percent of exports, going from US$409.2 million in 2001 to US$548.2 million this …

Read more…

Fernando Rainieri is not president of the Dominican-American Chamber of Commerce, as a typo in the DR1 Daily News yesterday made him out to be. He is president of the Dominican-Canadian Chamber of Commerce.

After a hiatus of over a month, the National Dialogue has been reconvened by Monseignor Agripino Nu?ez Collado. The opening session, slated for today at the Pontifical Catholic University Madre y Maestra, will be attended by President Hipolito Mejia and will feature the input of two international speakers. The Center for the Study, Prevention and …

Read more…

Hipolito Mejia gave the opening speech at the Latin American and Caribbean Regional Ministers Conference on the Information Society. The world conference is scheduled to take place in Geneva, Switzerland at the end of 2003. According to the Diario Libre, Mejia emphasized the need to provide telecommunication access for as many people as possible, in …

Read more…

The government has approved the creation of the new industrial free zone in La Canela, Santiago. The new industrial area will assemble cars, motorcycles and electrical appliances, all destined for the export market. The report on the new free zone in the Listin Diario, however, does not detail the brands of vehicles that could be …

Read more…