2004 – Page 133

A company website or track record cannot be found in a Google Internet search, but Saratoga International-Fundacion Luz Riggio has regardless found takers for its promissory notes for investment in alternative power generation plants, and operation concessions for 20 years. Diario Libre today reports that there is a minor detail the promoters have not taken …

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For the past few days, DR1 News has been following a story that involves a bond issue by four tiny towns in the Central Mountain Range. Although the towns in question may be small, the amounts of money are staggering. On Monday, El Caribe published an article about the mayor of San Jose de las …

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The Republic Bank of Trinidad and Tobago and the Banco Mercantil of the Dominican Republic have placed a full-page announcement in the economic section of today?s Hoy. It simply states that the president and director general of the Republic Bank Group was satisfied with the progress made over the last 10 months with the Banco …

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The president of the Dominican Society of Plastic Surgery, Julio Pena Encarnacion, says that there has not been a single case of skin infection in the Dominican Republic similar to the 11 patients from New York who have lodged complaints after having operations here. The cases, which are being investigated by a team of plastic …

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The United Nations report on HIV/AIDS indicates that the Dominican Republic is facing a serious HIV epidemic, but at the same time, results of the 2004 report indicate that the high prevalence of the illness in the DR has actually declined, and the outlook has improved thanks to effective preventive efforts that have been put …

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The Dominican Republic?s best bet for a gold medal in the Athens Olympics, Felix ?Super? Sanchez, grabbed his 38th consecutive victory during the IAAF Super Grand Prix which took place in Lausanne, Switzerland, yesterday. Sanchez gave his best performance of the season with a time of 47.86, only slightly short of his career best of …

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Centrobasket 2004, a qualifying event for the Basketball World Cup, opens at the Virgilio Travieso Soto Sports Palace today. The Dominican Republic last won gold in the event in 1977. Puerto Rico is the favorite to win the tournament this year. On the Dominican team are Jack Michael Martinez, Juan Carlos Martinez, Carlos Paniagua Marlon …

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Richard Segal, reporting for ICAP ? ?the world?s largest inter-dealer broker? ? covers President-elect Leonel Fernandez? visit to London yesterday. Segal reports that Fernandez expressed his optimism in London yesterday and asserted that a strong economic recovery was inevitable as ?the logical result of a hard-working nation.? While mentioning the DR as a country with …

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Franco Uccelli of Bear Stearns cites local press reports on the new official estimates of the Dominican Republic?s external financing gap for 2004, which indicate that the shortcoming may be US$50 million more than anticipated. This corroborates earlier IMF remarks that suggested that its ongoing review of the country?s recent economic trends and performance pointed …

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Advance news reports say that a group of the incoming PLD government economists are proposing an increase of the ITBIS (VAT) tax from 12% to 16%. These economists would prefer not to extend the tax to items that are presently not covered by the tax. The PLD experts say they need to find resources for …

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