2004 – Page 12

The Fernandez government is objecting to the Senate’s approval of a bill that reduces the amount of taxes to be paid by the agribusiness sector, as part of the conciliatory measures being developed for the sugar industry. These negotiations aim to appease the powerful lobby into accepting the removal of the controversial surcharge on future …

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Economist Arturo Martinez Moya proposed that any government revenue surplus be funneled to the Central Bank in order to reduce the quasi fiscal deficit caused by the certificates of deposit issued by that institution. Martinez Moya said that the Central Bank has issued RD$23 billion in certificates since the start of the Fernandez government on …

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Following the appreciation of the peso that has led to significant reductions in the price of fuel, the transport unions have announced reductions in their fares. CONATRA, the nation’s largest union, announced it would drop its fares from RD$10 to RD$8 for inter-city rides, and RD$5 from inter-urban rides. Similarly, he said that radio taxis …

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In a decision that Diario Libre says will have great consequences on the Dominican judicial system, Judge Matias Modesto del Rosario ordered that the case against business advisor Luis Alvarez Renta be carries under the new stipulations of the new Penal Procedures Code. The judge said that Article 47 of the Constitution establishes that laws …

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Yandra Portela, the president of the Association of Industries of the Dominican Republic, met with Juan Hernandez, the director of the Tax Department (DGII). Portela had requested information on certain taxpayers from the department, shortly after which she was accused of not paying her own taxes. As reported in Diario Libre, after the meeting Hernandez …

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Great numbers of Haitian beggars have begun to appear on city streets corners in the DR. The Listin Diario reported that the cities of Santiago, Puerto Plata, La Vega, San Francisco de Macoris, Moca, Jarabacoa and Santo Domingo are experiencing an unusual influx of women with children (mostly not their own) at intersections in the …

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The First Dominican Tourism, Investment and Real Estate Trade Show is being planned for 18-19 February 2005 at the Radisson Hotel & Convention Center of Miami, Florida. In view of the estimated 375,000 Dominicans living in the state of Florida, the fair seeks to increase the flow of business and trade that exists between Florida …

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New York may after all catch Pedro Martinez, who spent seven years with the Boston Red Sox and finally made it to the World Series winning team in 2004. The Major Leagues website (mlb.com) reports today that the National League’s Mets have offered Martinez a four-year deal worth some US$56 million. The Mets outbid the …

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US Senator Christopher Dodd, who was part of a Peace Corps mission in the Moncion, Monte Cristi in 1966, met yesterday with President Leonel Fernandez at the Presidential Palace. The US legislator pledged his support for the Free Trade Agreement signed with the Dominican Republic when it goes before the US Congress. As reported in …

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Kindergarten students at 17 schools across the nation will get a quick start on learning in English, as Education Minister Alejandrina German announced that bilingual education will be introduced in certain preschools next September. According to El Caribe, the number of hours of language instruction will be increased in other grades as the program is …

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