2004News

Huge capital drain

Leading economist Pedro Silverio writes in today’s El Caribe that the past few years have seen an incredible outflow of hard currency. He estimates that between 2001 and 2003 the currency drain reached US$3.5 billion, a total that far surpassed the amount of remittances sent in to the Dominican Republic from abroad. Capital outflow, according …
2004News

That Samana contract

Hoy reporter Pedro Germosen says that the pending contract between the Dominican state and a company called Jampi Investments would require the Dominican Republic to compensate the company for any losses suffered through devaluation of the local currency, decreased tourist flows, or if the company does not manage to obtain economic stability. The contract also …
2004News

Fill ‘er up!

ANADEGAS, the gasoline retailers’ association, will stage a two-hour boycott tomorrow, Thursday, in protest of what they consider insufficient profits within their sector, according to Hoy newspaper. An additional measure by the association will entail a freeze on all purchases and reception of tanker trucks, as of 12am, Monday, 1 March. The gas stations will …
2004News

Dialogue on judiciary system

The Foundation for Institutionalism and Justice (FINJUS), the National School of Judges (ENJ), civic society group Pariticpacion Ciudadana, the Justicia y Gobernabilidad group and the United States Agency for International Development will present a seminar today at 7 pm on the subject of “What will happen in Justice? Commitments for 2004.” Guest speakers will elucidate …
2004News

Aristide warns the DR

Haitian President Jean-Bertrand Aristide warned that further violence would create a wave of refugees seeking entry to the Dominican Republic in the next few days, as reported in El Caribe. Aristide said that Haiti and the Dominican Republic have a “marriage without divorce” and are like “two wings of the same bird”, in reference to …