2004 – Page 112

Listin Diario reports today that the Brazilian football (soccer) team will stop in Santo Domingo on 15 August, on its way to play an exhibition game against the Haitian national team on 18 August. Brazilian President Luiz Inacio Lula will also be in the country around those dates, having accepted the invitation to Leonel Fernandez?s …

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Yesterday was not a good day for President Hipolito Mejia, who attempted to inaugurate a library at the UASD (Autonomous University of Santo Domingo). Instead of cheers, the outgoing statesman was met with boisterous demonstrations by students and faculty, outraged that the RD$281-million facility was being unveiled in an unfinished state, and, worse yet, not …

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Barely hours before the signing of the DR-CAFTA agreement that will promote free trade between the United States and the Dominican Republic, resistance to the treaty and the defense of the negotiations become more strident. Industry & Commerce Minister Sonia Guzman told members of the press that at 5pm today she and US Trade Representative …

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As the head of the Cenantillas economic research group at the PUCMM in Santo Domingo, economist Pedro Silverio takes a look at public spending issues facing the incoming government. In his El Caribe column, Silverio reviews Keynesian economic thinking on public spending and rejects the classic model for economic expansion, preferring instead a modified model …

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Proponents of various industries in the Dominican Republic are unhappy that the real estate on which their businesses are located should be taxed at a rate of 1% according to the new proposals. The executive committee of the Industrial Association of the Dominican Republic (AIRD) expressed their agreement on the need for a tax reform, …

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The major players in the generation sector of the Dominican electricity mess are arguing for a pact among all industry entities to put an end to the blackouts. Kevin Manning, a consultant for AES, told reporters from both El Caribe and Hoy that the first step in resolving the current crisis is to get all …

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CECCOM, the specialized government body in charge of quality control of gasolines, published the names of 13 gasoline retailers accused of fraudulent procedures. Major General Marcos Rodriguez Melo, who directs CECCOM, said in a press conference that the service stations were confirmed to have conducted underhanded practices that including selling regular gasoline in premium gasoline …

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The Dominican Institute of Telecommunications (INDOTEL) announced that, as of October 2005, 10 numbers will have to be dialed in addition to the area code when calling the DR from abroad. INDOTEL says that 80% of the possible phone numbers available to the DR are already taken, and the three extra digits will enable telephone …

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The National Council of Business (CONEP) and the Foundation for Justice and Institutionalism (FINJUS) have joined forces to argue the unconstitutionality of Law 92-04, on Systemic Risks in the Financial Sector, and Article 77 of the Monetary Code. Law 92-04, which was approved last January, produced the Exceptional Program of Risk Prevention of Intermediary Financial …

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In a political move that has been noted by all of the press, PPH leader and current Director of the Office of Supervising Engineers of State Projects, Hernani Salazar, has been named the new senator for the province of Duarte. The incumbent, Senator Julio ?Machacho? Gonzales, resigned for alleged health reasons. Salazar received 17 votes …

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