2004 – Page 126

Dominican long-distance swimmer Marcos Diaz won the Toroneus Gulf crossing in Greece last week. The Toroneus Gulf crossing is recognized as one of the top events for long-distance swimming in the world. Diaz has attempted on two occasions to complete the English Channel swim. He also almost succeeded in winning an important swim in Tampa, …

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A report appearing in several newspapers today indicates that for the tax proposal as submitted by the consensus of Mejia administration economists and PLD economists needs two-thirds of the vote of legislators to pass. This is so because of the inclusion of articles that affect the Monetary and Financial Code as per Article 112 of …

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Manuel Diez Cabral, the president of the National Association of Young Entrepreneurs (ANJE), said the tax proposal presented to Congress yesterday is lacking creativity. President Hipolito Mejia presented the proposal to the Chamber of Deputies on 13 July, after a consensus for the draft was reached between PRD and PLD technicians. As reported in El …

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Two economists believe that merely by limiting the spending of government officials the country could save RD$5 billion that could be invested in education and health. As reported in El Caribe, the economists from the Centro Nacional de Investigaciones Tributaria (CENIT), Jose Segura and Henry Hebrart, say the savings could come from a reduction in …

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Over the past four years, Dominican consumers have suffered considerable increases of their electricity and water bills. The increases have coincided with the partial privatization of the services. Now the Municipality of Santo Domingo joins suit and the start of the privatization of garbage collection services, brings higher prices for consumers. El Caribe newspaper reports …

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In her commentary on the tax reform and new tax proposals, Ana Mitila Lora deals with the plight of Dominicans today in the Listin Diario. She observes that consumers, especially those on a salary, suffer quietly, barely murmuring any protest at all the blows they receive daily. She mentions: the 18-hour blackouts, amen; the increases …

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The general supervisor for Migration at the Punta Cana International Airport, Yacquelin de Jesus Perez Hungria, and technician Juan Lorenzo Montolio Fernandez were fired from their posts after a Department of Migration investigation showed they had assisted the illegal departure to the US of four Cuban nationals. According to a report in El Caribe newspaper, …

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Speaking to a group of 80 Spanish businesspeople in Valencia, Spain, President-elect Leonel Fernandez said that the DR?s present economic crisis is one of liquidity, not a structural one, and stressed that hard-currency generating businesses have been dynamic. Fernandez said the liquidity crisis could be managed with foreign resources and that his economic team is …

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The United Nations Human Development report, that presents an analysis of data up to 2002, indicates that human development indicators for the Dominican Republic has primarily remained stable. The analysis is part of the Human Development Report 2004, Cultural Liberty in Today?s Diverse World, released yesterday in Brussels. The DR index is 0.738. The report …

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Jean-Claude Moyret, the French ambassador to the DR, joined US Ambassador Hans Hertell and Italian Ambassador Giorgio Stefan, to request that the Dominican justice department determine the responsibility of the case of the 2003 banking collapse. Moyret, speaking during a reception to commemorate French independence, said he has full faith in the DR?s Judicial Branch. …

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