2003 – Page 94

The Insurance Superintendence announced yesterday that insurance company Segna, originally part of the ailing Bancredito group, is to be dissolved. Rafael Santos Badia, insurance superintendent, assured that all clients’ funds would be guaranteed. The decision was made because the company has debts of RD$2 billion and a deficit of RD$1.2 billion, according to a government …

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The timing of the talks with the United States aimed at securing a regional free trade agreement in conjunction with the Central American nations could be disadvantageous for the Dominican Republic, warned economists from CIECA (Caribbean Center for Economic Research), in a report in Listin Diario. Miguel Ceara Hatton, Pavel Isa Contreras and Federico Cuello …

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El Caribe newspaper reports that the capital city is facing a serious shortage of funds. Inflation has reduced the value of its RD$680-million budget, of which 90% currently goes to refuse collection and salaries for its 4,700 municipal employees. Mayor Roberto Salcedo told the newspaper that some of these costs used to be covered by …

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A delegation of church, community and trade union leaders met with Technical Secretary to the Presidential Office Sergio Grullon yesterday, to beseech President Hipolito Mejia to abandon his alleged initiative to have radical priest Father Rogelio Cruz transferred to the Vatican. They claimed that Father Rogelio, who is an outspoken civil rights activist, has not …

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Yesterday’s papers published a paid full-page advertisement consisting of a letter from prominent PRSC member and president of the municipal league (LMD) Amable Aristy Castro. The letter was addressed to Monsignor Agripino Nunez Collado, who has distinguished himself as a mediator in several national platforms, such as the Dialogo Nacional. Aristy Castro sought to have …

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The Yaque and Yuna river basins in the north of the country are still on red alert following the heavy rains and flooding of the last few days. The emergency zone stretches from Cotui to Samana Bay in the northeast and from Santiago to Monte Cristi in the northwest. The authorities say they have rescued …

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As reports continue to trickle in, the persistence of torrential downpours steals all the headlines today. El Caribe reports five deaths attributed to the flooding, while the Listin Diario lists just three. Hoy reports on the multimillion-peso loss in property and crops. According to El Nacional, an evening paper, in the area around San Francisco …

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El Caribe newspaper reports that government imports crowd the country’s main port, Haina Oriental. The newspaper says that government imports make up 80% of the cargo at Haina. The Instituto Nacional de la Vivienda, a governmental housing agency is responsible for most of the cargo that has overstayed its time at the port. Engineer Juan …

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The Superintendence of Power has finally clarified why Dominicans continue to get high power bills regardless of receiving only a few hours of the service. As reported by Cadena de Noticias in its online news service yesterday, Superintendent of Power George Reynoso denied that the power distributors (now under state administration) are scamming Dominicans. “What …

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The Supreme Court presented the Senate with a proposal to modify access to the annulment process (also called “cessation”), whereby lawyers argue for the dismissal of charges against their clients. According to the reasoning of Chief Justice Jorge Subero Isa, these appeals only tie up the court system and are a principle cause for the …

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