2003 – Page 84

President Hipolito Mejia announced yesterday that the government would return RD$74 million to the tourism and free zone sectors, collected as part of the “tax contributions.” According to Maximo Manuel Perez of the Listin Diario, Finance Minister Rafael Calderon told reporters that the money would be returned since the majority of the business community had …

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The critical shortage of propane gas should be eased over the next few days, as a ship carrying LPG (Liquid Propane Gas) is expected to arrive today. Amaury Justo Duarte, the president of the Dominican Oil Refinery (Refidomsa), said that on 9 December another ship was also due to arrive. Justo Duarte warned that the …

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Canadian company Energold Mining Ltd. has announced a joint venture with Irish company MinMet plc on the Longyear Property in the Dominican Republic. The property is described as highly strategic given that it lies 3.5kms southwest of the Pueblo Viejo mine, where more than 5 million ounces of gold have been extracted from oxides and …

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At a ceremony attended by President Hipolito Mejia yesterday, the Leon Jimenes family announced the creation of the Banco Leon, which will represent a union between the Banco Profesional and the newly-acquired Banco Nacional de Credito (Bancredito). Carlos Guillermo Leon, president of the Leon Financial Group, told the attending dignitaries that the family has faith …

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The Leon Jimenes Group set forth its tax proposals in the Senate, showing how the country would receive an additional RD$750 million as a result. The new idea is to tax alcoholic beverages on the basis of liters of pure alcohol, adjusted for inflation. According to the group’s submission, the new tax structure would provide …

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The National Choir and the National Symphony Orchestra announce presentations to bring the Christmas spirit to all. The opening performance is scheduled for 4 December at the Patronato de la Ciudad Colonial, Palacio Borgella, facing Columbus Park in the Colonial City. A performance of the Ars Nova chamber of orchestra with the participation of soloist …

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Hoy newspaper reports that Mining Director Pedro Vasquez Chavez says the Dominican government has not reached any conclusive decision on the terms of a deal with the Toronto-based Canadian company Unigold. Yesterday, it was reported that the government had offered Unigold the advance sale of revenues derived from the exploitation of the Pueblo Viejo gold …

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Diario Libre reports today that the government and business sector have differing opinions over the penalization of the productive sector by more taxes. At the start of the Mejia government, a fiscal reform was carried out that virtually doubled taxation on the private sector. Subsequent additional taxes have since been levied on businesses. According to …

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Propane gas used for cooking and public transportation has become harder to find at the distributors’ sites. El Caribe says there is no short-term solution at hand, as the government has accumulated a large tab with importers. The government has been subsidizing the cost of fuel, keeping it at RD$25 per gallon, while other fuel …

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The appointment of Franklin Frias as director of informatics was confirmed yesterday by the Central Electoral Board (JCE), the body in charge of organizing the 2004 presidential election. At the same time, the JCE judges appointed engineer Miguel Angel Garcia as general administrator of the informatics department. The decision was made after the follow-up commission, …

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